AI Bias Analysis
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Gas-turbine and energy-equipment maker Siemens Energy AG raised its outlook for the fiscal year 2026, citing strong demand.
Source
Bloomberg Markets
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Meta plans to lay off 10% of its workforce, equaling about 8,000 employees, as the company continues to ramp up investments in artificial intelligence.
Bloomberg's Jacob Lorinc joins Scarlet Fu on "Bloomberg Markets." Freeport-McMoRan fell after the copper miner warned that a slower ramp-up at its flagship Grasberg mine in Indonesia will weigh on future production. The top US copper producer said it’s pushing back the restart schedule at the Grasberg complex after discovering new challenges with specialized equipment needed to restart operations following last year’s deadly mudslide. (Source: Bloomberg)
The dollar jumped as new reports of intensifying hostilities in the Middle East dampen optimism for the potential end to the conflict.
