A.I. jitters prompt fresh Wall Street tech sell-off
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A.I. jitters prompt fresh Wall Street tech sell-off
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Wall Street suffers another A.I.-fueled sell-off with enterprise software and private capital leading losses. Investors’ fears reappear following the unveiling of a new Anthropic programming language and a report predicting mass white collar job losses. Asia-focused lender Standard Chartered posts a Q4 miss despite seeing a surge in its wealth management business and the announcement of a $1.5bn share buyback. CEO Bill Winters tells CNBC the current tariff turmoil is delaying investments. As an updated global tariffs regime of 10 per cent take effect, U.S. President Donald Trump warns countries against ‘playing games’ with the SCOTUS decision to strike down his reciprocal levy agenda. The EU is to delay approval of its U.S. trade deal following the latest tariff announcements.
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