Writing the summary…
10-year Treasury yield nears 5% ahead of Fed rate decision this week
Source: CNBC
Original reporting
CNBC: read the full reportRelated stories
CNBC
Here are our top 10 things to watch in the stock market Monday
AI semiconductor and infrastructure stocks are under heavy pressure ahead of Monday's open on Wall Street.
CNBC
What Amodei's AI slowdown could mean for Anthropic's imminent IPO
As Anthropic meets with prospective investors ahead of its potentially historic market debut, CEO Dario Amodei is pushing for a slowdown in AI.
CNBC
Microsoft sets limits for future AI models as industry throttles frontier development
Microsoft wants to be seen as a responsible AI entity as it ramps up model development alongside partners Anthropic and OpenAI.
CNBC
Space startups raise big money in funding blitz as Europe aims to challenge U.S. dominance
European space startups are attracting fresh funding as the region seeks to build its capabilities and narrow a its gap with the U.S.
CNBC
Satellite images show extent of damage to Saudi Arabia’s oil pipeline that bypasses Strait of Hormuz
Saudi Arabia temporarily shut the roughly 750-mile pipeline as attacks threaten a key alternative to the Strait of Hormuz.
The Guardian
European tech stocks hit six-week low as calls for AI slowdown worry investors – business live
Rolling coverage of the latest economic and financial news AI-linked stocks fall after tech bosses call for slowdown in ‘reckless’ development AI CEOs say they need to slow the pace of development. But will they? The Guardian view on controlling AI: humanity cannot outsource its survival Companies threatened by the march of AI are seeing their share prices rise this morning! RELX , the analytics group, are up 4.2% and leading the FTSE 100 risers. Earlier this year its shares tumbled after the Claude chatbot added new data and automation tools . Continue reading...