Nasdaq Futures Slide as Global AI Selloff Gathers Pace
Treasurys strengthened as investors, fretting about the scale of corporate borrowing to fund the buildout in AI, bid a hasty retreat from risk.
----
Oil Prices Fall as Traders Weigh Gulf Supply Recovery, Hormuz Attacks
Middle East crude exports have recovered substantially but the International Energy Agency said flows remain vulnerable to attacks on energy infrastructure, shipping.
----
U.K. Economy Defies Gloomy Predictions With Help From AI
AI-related spending contributed as much as a third of growth in the first seven months of the year, according to Deutsche Bank.
----
Asia's Uneven Economic Resilience Faces Stress Tests, IMF Says
Asian economies have adapted to war-driven energy disruptions more effectively than anticipated, despite their heavy reliance on the Middle East for fuel.
----
Fed's Beige Book Shows Price Pressures May Be Intensifying
U.S. economic activity grew at a slight to moderate pace across most Federal Reserve districts in recent weeks while price pressures grew in some districts, according to the Fed's Beige Book report.
----
The Next I Bond Rate Looks Set to Top 5% Following Higher Inflation Data
The new rate on Treasury I bonds has been 4.26% over the past six months.
----
With China Facing More Trade Barriers, It Can't Afford to Lose Europe
Beijing's concession on hybrid vehicles shows how much it needs the European market
----
The AI Boom Is Supercharging Wall Street's Profits
Investment banking revenues are up, and wealth-management divisions are winning new AI millionaires as clients.
----
Debanking Probe Finds JPMorgan, Banks Cut Off MAGA Sellers and Democrat Groups
An investigation by a Trump regulator detailed examples of businesses and individuals getting shut out by the nation's biggest banks.
----
Broad Pickup in Prices Lifted Inflation to 3.7% in September
The hotter reading is a sign that high energy prices are tightening their squeeze on consumers ahead of next month's midterm elections.
----
Two Cargo Ships Sink Near Strait of Hormuz, as Iranian Attacks Increase
The strikes come as the U.S. military is successfully shepherding more oil through the strait.
----
Canada Building Permits Rebound in August
The total value of building permits rose 8.8% from the month before to a seasonally adjusted 13.57 billion Canadian dollars, the equivalent of $9.55 billion, Statistics Canada said.
----
Fed's Bowman Says Inflation Above Goal, But No Urgency to Act
There is room to assess economic developments before taking further monetary policy action, said Michelle Bowman, the Federal Reserve's vice chair of supervision.
Comments