Global Markets React to Inflation, HSBC Earnings, and AI Safety Concerns
Key TakeawaysHSBC Holdings Plc (HSBA) reported revenue that exceeded analyst expectations, though its profit was significantly impacted by a $1.1 billion provision related to the Madoff fraud.The Japanese Yen strengthened against the U.S. Dollar, with the USD/JPY pair dropping 0.62% to 151.94. This movement comes as the Bank of Japan continues to emphasize its focus on measures of underlying inflation.OpenAI revealed that over a million ChatGPT users discuss suicidal thoughts weekly, leading to increased sc ...