Tech stocks sink
Shownotes
Hotter-than-expected inflation revives debate over whether the Fed could raise rates this month. AI-linked stocks stumble as rising borrowing costs heap pressure on indebted companies like CoreWeave and Oracle. And oil markets remain on edge as traders weigh the impact of conflict in the Middle East and Ukraine's renewed attacks on Russian energy infrastructure.
📲 Podcasts, breaking news, and video analysis from the source. Download the Reuters app here.
Today’s recommended read: AI investment boom may be papering over US economic cracks, Mike Dolan
Subscribe to Mike Dolan's Morning Bid newsletter and check out his columns on Reuters Open Interest.
Produced by Abisoye Osundairo.
Visit the Thomson Reuters Privacy Statement for information on our privacy and data protection practices.
You may also visit megaphone.fm/adchoices to opt out of targeted advertising.
Learn more about your ad choices. Visit megaphone.fm/adchoices