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Meta's Muse reignites AI disruption fears. Traders are targeting this brokerage stock as next casualty
Source: CNBC
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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.
The Guardian
UK economic outlook brighter as new government measures will boost growth, says OECD – business live
Oil prices fall for a sixth day in their longest losing streak in over a year, as Saudi Arabia reportedly restarts its east-west pipeline and amid hopes for progress in US-Iran talks The Co-op has called on Andy Burnham ’s government to “create an environment where we have confidence and certainty to invest” which it needs to support “lifeline stores” in urban and rural communities across the UK. Kate Allum , the interim chief executive of the mutual who stepped in after the unexpected departure of Shirine Khoury-Haq last year, said: We have no intention of closing any lifeline stores. We have a big estate and we want to continue to invest but what we need is confidence. We don’t want unintended consequences of decisions. consumer confidence is pretty uncertain. We talk to our members all the time and the cost of living has been their number one concern for a significant period of time.
CNBC
IonQ shares rally after company says it made a major quantum computing breakthrough
Shares of quantum computing company IonQ surged in premarket following its successful test of the industry's first real time end-to-end error decoder.
BBC Business2 outlets
UK warned over ballooning debt costs and slower growth ahead of Budget
Higher energy prices due to the conflict in the Middle East and climate change could hit growth.
The Guardian
AI, trade, Taiwan and climate: what will and won’t be on agenda at Trump-Xi summit
Two leaders could discuss tech safety issues and US-China trade ties but may skip over climate emergency Analysis: AI looms large over Trump-Xi meeting The leaders of the world’s two superpowers are meeting in the US this week . It is Xi Jinping’s first state visit to the US in more than a decade. The last time the Chinese president was hosted in Washington (by Barack Obama in 2015), the issues on the agenda included cybercrime, technology, the climate crisis and human rights. The star of the day was Ne-Yo , who serenaded Xi and his wife, Peng Liyuan, with Peng reportedly singing along at the state dinner . This time, Xi is meeting Donald Trump, who has overhauled the world order and recalibrated the US-China relationship. Trump is contending with a China that is in a much stronger position than it was 10 years ago. Here are five things to look out for at this week’s US-China summit. Con
CNBC
Treasury yields little changed as oil price oscillates
Yields on U.S. Treasurys held steady early Wednesday, as oil prices were volatile.