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S&P 500, Nasdaq Slip as Broadcom Adds to AI Bubble Angst

The S&P 500 and the Nasdaq slipped on Friday as Broadcom's latest results added to concerns about an AI-fueled bubble, dampening optimism stoked by the Federal Reserve's less-hawkish-than-expected signals on 2026 rate cuts. Broadcom slid 8.4% after the chipmaker warned of slimmer future margins on its AI system sales, despite...

Trump Signs Order Aimed at Curbing State AI Laws

President Donald Trump on Thursday signed an executive order on artificial intelligence that will attempt to preempt a growing number of state laws governing the technology with a national standard. "We want to have one central source of approval," Trump told reporters, flanked by top advisers, including Treasury Secretary Scott...

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