A purportedly AI-generated photo of a fake explosion at the Pentagon spread rapidly on social media on Monday – prompting mass confusion among users and a brief selloff in the US stock market. The fake photo, which showed smoke billowing outside the Pentagon, was shared by Russian state media outletContinue Reading
Wall Street stocks plummeted on Tuesday, as shares of First Republic Bank were battered after an earnings report that showed it lost a large amount of deposits — reviving worries over the financial sector. Investors have been eyeing the performance of regional lenders since the dramatic failures of Silicon ValleyContinue Reading
US stocks slumped on Monday with key indices markedly lower amid worries over the banking system following the collapse of Silicon Valley Bank and shuttering of Signature Bank. Shares of First Republic Bank plunged more than 65 per cent as trading started, leading the decline among banks as regional lendersContinue Reading
The Australian share market looks set to continue to rise after hitting a five-week high on Thursday. The ASX 200 index is expected to open 0.5 per cent higher on Friday morning — which would be the seventh time in eight days it has risen. All 11 sectors rose onContinue Reading
One of the world’s biggest banks has heralded disaster for 2023 as governments battle to stem the rapidly rising inflation tide. Deutsche Bank highlighted a number of concerns putting the global economy under pressure, including “very tight labour markets” and ongoing supply chain issues initially sparked by pandemic restrictions. “WageContinue Reading