Industry Newsai investingfinancial marketsmagnificent sevencurrency weakness
US Dollar Weakens Prompting Global Market Shifts
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The New York Times reports investors are shifting away from US assets as the dollar weakens amid Trump-era trade tensions and concerns over Federal Reserve independence, with the currency hitting a four-year low last week. Massive bets on AI have concentrated market value—Magnificent Seven firms now comprise just over a third of the S&P 500—and the IMF warns AI hype could amplify a correction.
