ChatGPT has sparked a global AI stock craze since the start of the year. OpenAI's chatbot ChatGPT has become the fastest-growing consumer app in history, with an estimated 100 million monthly active users^ in January this year, just two months after its launch.
The ChatGPT mania has also pushed a number of AI concept stocks higher so far this year, with Nvidia up nearly 54%^ year-to-date, Buzzfeed up over 145%^, and the...

Energy equities are experiencing strong selling pressure as crude prices drop
The oil market is currently going through one of the most turbulent periods since the infamous March 2020 collapse, as investors continue to grapple with recessionary fears. Oil prices have continued sliding in the wake of the central bank deciding to hike the interest rate by a record-high 75 basis points, with WTI futures for July settlement were quoted at $104.48/ba...

Netflix is laying off around 300 more employees across the company.
The cuts, which represent about 3% of total employees, come about a month after the streaming company eliminated about 150 positions in the wake of its first subscriber loss in a decade.
“Today we sadly let go of around 300 employees,” Netflix said in a statement Thursday. “While we continue to invest significantly in the business, we made these adjustments so that our c...