The AI boom and the risk ⁠of ⁠a correction are emerging as major global ⁠credit risks, ratings agency Fitch has warned, adding to growing concerns that soaring tech valuations and ​unprecedented AI spending may be running ahead of uncertain future returns. In its third-quarter Global Risk Outlook, Fitch said the credit backdrop remains dominated by ‌two short-term risks: mounting vulnerability to ‌an AI-related market correction and continued uncertainty linked to the U.S.-Ir

Wall Street dipped on Monday, as ⁠investors ⁠worried that stubbornly high oil prices could ⁠force the Federal Reserve to raise interest rates, as they also awaited guidance from major technology companies in ​a busy week for quarterly earnings. Microsoft, Amazon, Meta and Apple are set to report quarterly results this week. Investors were questioning whether a multi-year rally fueled ‌by optimism about artificial intelligence may be losing ‌steam. Investors last week were spo

Liz Reid, a vice president of search at Google, speaks about new search AI capabilities in Mountain View, Calif., May 20, 2025. Reid said in August that the company was sending out a “relatively stable” number of clicks numbering in the billions. (Mike Kai Chen/The New York Times) By KATE CONGER When Google prepared to go public in 2004, Larry Page, a co-founder of the company, wrote a letter to shareholders describing the internet firm’s responsibility to the world. “We beli

U.S. investment-grade bond funds ⁠and ⁠exchange-traded funds saw massive ⁠outflows in the week ended July 22, as an ​oil-driven inflation scare pushed Treasury yields higher and investors cut exposure to ‌fixed-rate corporate debt, LSEG ‌Lipper data showed. According to the data, U.S. investment-grade bond funds ⁠recorded $7.1 billion ⁠in net outflows during the week, the largest weekly withdrawal ​on record, after suffering a record one-day outflow of $8.2 billion on July 20

The exterior of OpenAI’s offices in San Francisco on Nov. 3, 2025. OpenAI said on Tuesday, July 21, 2026, that two of its artificial intelligence models went rogue and successfully hacked into Hugging Face, a digital library of AI technology that is popular among developers. (Aaron Wojack/The New York Times) By KATE CONGER OpenAI said earlier this week that two of its artificial intelligence models went rogue and successfully hacked into Hugging Face, a digital library of AI

Wall Street indexes closed lower on Thursday with Nasdaq ⁠sinking ⁠more than 2% as the latest earnings updates from ⁠large technology companies revived concerns about heavy AI spending, while soaring oil prices amped up inflation worries, lifting bond yields. The S&P ​500 fell more than 1% as losses were broad-based after investors were unimpressed by second-quarter results from Alphabet and Tesla, the first of the heavyweight “Magnificent Seven” companies to report results

The S&P 500 and the ⁠Nasdaq ⁠closed lower on Wednesday with a mixed performance ⁠from technology stocks, as investors waited for key earnings reports to gauge the health of a market ​rally fed by enthusiasm for artificial intelligence. After months of gains that lifted the major indexes from their March lows, momentum has been wobbling with uneven trading ‌in heavyweight semiconductor stocks and weakness in ‌software stocks. The Philadelphia SE Semiconductor index ended highe

By THE STAR STAFF Beniquez Sanchez and Company LLC, operating as BS and Co AI Labs, has announced the launch of SX Consent, a bilingual platform for verified adults designed to bring greater clarity and confidentiality to private invitations. The rollout comes days after Puerto Rico enacted Law 135‑2026, which makes it a felony to threaten the disclosure of intimate photos or videos. According to the company, SX Consent was developed in response to shifting expectations aroun

The headquarters of The New York Times in midtown Manhattan on Nov. 18, 2025. The federal government is aggressively seeking the confidential sources of Times reporters who wrote about the president’s new Air Force One. The Times has asked a judge to quash the subpoenas. (Lucia Vázquez/The New York Times) By MICHAEL M. GRYNBAUM The Trump administration sought the phone records of several New York Times journalists and their relatives — including one reporter’s mother — in its

Government debt across ⁠developed ⁠economies is set to climb ⁠to a record $75.8 trillion by the end of 2026 as countries ​struggle with persistent budget deficits, geopolitical tensions and rising spending demands, Fitch Ratings said on Tuesday. The ‌ratings agency said debt in ‌developed markets would increase by $4.2 trillion this year alone, taking the total to the ⁠equivalent of ⁠104% of gross domestic product, up sharply from $26 trillion, or 68% of ​GDP, two decades ago