Economy

This trend underscores the broader shift across the finance industry, where the electronic trading has been making steady inroads with fixed-income securities that were once considered difficult to standardize.

Faster growth at the beginning of this year reflects hyperscalers' massive investments in AI.

"My concern is legal attacks on the Fed, which threaten our ability to conduct monetary policy without considering political factors."

The Wall Street Journal reported that OpenAI failed to meet its own goals for new user acquisition and sales, fueling concerns that the company may struggle to support its capital spending on AI infrastructure.

"The investigation put federal officials on notice that this administration is willing to use criminal investigations as a way of furthering the president's policy aims."

Some leaders say the combination of a challenging external environment, with capital flocking to safe havens, and higher U.S. Treasury yields is pressuring emerging-market currencies.