business / news / / New York Post
The Dow Jones Industrial Average tumbled nearly 800 points, or 1.6%, to 47,949.
Broadcom forecasted its AI chip revenue will exceed $100 billion in 2025, boosting its shares.
KEY POINTS
- Investors now expect the Fed to delay a rate cut to September instead of July due to inflation concerns.
- US crude prices surged 6% above $79 a barrel as the Middle East conflict threatens global supply.
- OpenAI is scaling back ChatGPT's on-platform shopping checkout plans, easing disruption fears for marketplace businesses.
- A prolonged conflict could disrupt semiconductor material supplies and AI data center deployments in the Middle East.
COMPANIES
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