Economy

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.

Overall, retail purchases rose 1.7% last month, following a revised 0.7% gain in February.

Authorities should be preparing to avert a potential future collapse in demand for Treasuries resulting from long-running concerns over the federal debt load, which would have "vicious" effects.

Manufacturing output, which accounts for three-fourths of total industrial production, slipped 0.1% after a stronger advance in February than initially reported.