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Prediction market traders think gas prices will hit new highs for the year
Source: CNBC
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CNBC
Trump says no need for more AI regulation, slams Anthropic CEO Dario Amodei
The Trump administration has encouraged AI's rapid growth and the development of data centers as it seeks an insurmountable tech edge over China.
CNBC2 outlets
Trump says Ukraine and Russia agreed not to hit energy targets
US president blames conflict, and ‘not Iran’, for spike in US diesel prices Jennifer Rankin in Brussels and Charlotte Higgins and Amy Hawkins in Kyiv Catching up with other news from across Europe, the head of Nato has said a Russian drone attack on a train close to Ukraine’s border with Poland would not deter Kyiv’s western backers. Continue reading...
CNBC
10-year Treasury yield hits 5% for first time since 2023 as traders brace for Fed decision this week
The 10-year U.S. Treasury note yield moved lower after reaching a multiyear high on Monday ahead of this week's Federal Reserve interest rate decision.
The Guardian
UK government moves to acquire Speciality Steel UK – 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...
CNBC
Why the election could make Washington's looming next fiscal crisis harder
Some in the GOP are already disavowing raising the debt ceiling absent deep spending cuts as the national debt balloons past $40 trillion.
CNBC
Novo Nordisk rebrands to 'Novo,' CEO tells CNBC drugmaker needs to 'rethink' strategy amid obesity race
The Danish drugmaker called the changes the beginning of a new chapter for the company, which faces stiff competition from Eli Lilly.