Writing the summary…
Market sees next Fed hike in October, following Barr comments and hot inflation reading
Source: CNBC
Original reporting
CNBC: read the full reportRelated stories
CNBC
Meta's Muse reignites AI disruption fears. Traders are targeting this brokerage stock as next casualty
Meta's latest consumer AI product is sending such big shockwaves through the market that it's even inflaming a long-time rivalry in the brokerage business.
CNBC
New Social Security bill would lower retirement age to 60 for some workers
Rep. Haley Stevens introduced a bill that would let some workers in physically demanding jobs claim full Social Security retirement benefits at age 60.
CNBC
10-year Treasury yield leaps to fresh 19-year high after hot economic readings
Treasury yields traded higher on Wednesday as new services and manufacturing sector data increased worry of further Federal Reserve rate hikes.
CNBC
Trump-Xi summit puts AI safety talks on the table but neither side wants to slow down
Recent weeks have seen AI safety fears reach new heights. That will be a key focus for the U.S. and Chinese leaders, analysts told CNBC.
CNBC
Iran's president blames U.S., Israel for global instability in defiant UN speech
Pezeshkian began his address to the U.N. General Assembly in New York City by holding up photos of children he said were killed by U.S. and Israeli bombs.
The Guardian
McDonald’s to take on KFC and rivals as Gen Z flock to fried chicken
Fast food giant aiming to increase share of global chicken market as rising cost of beef hits profits McDonald’s is betting on fried chicken as health concerns and the rising price of beef shift dining habits. The company said that it aimed to take an extra 1.5 percentage point-share of the global chicken market by 2030, with an aim to increase its share of drinks by the same proportion. McDonald’s said the growth in chicken, a lower-priced protein, would not come at the expense of beef burger sales, saying it aimed maintain its “leadership position in beef”. Continue reading...