Writing the summary…
Google says it can build data centers the right way. Some experts and residents are skeptical
Source: CNBC
Original reporting
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The Guardian
Violent street protests in France and Italy trigger stock and bond sell-off and send euro lower – business live
Roaring exports lift China’s economic growth Chris Beauchamp , chief market analyst at investing and trading platform IG , said: Investors worried about political flashpoints will be watching France nervously. Given the country’s precarious financial situation, the riots of recent weeks may only be a foretaste of what is to come should any government attempt to reform public spending. While other European markets enjoyed a stronger period last week, the CAC continued its miserable performance. But betting on France’s recuperative powers has been the way to go in previous crises - can the Fifth Republic pull off a similar trick again? Continue reading...
CNBC
OpenAI bugging suspect communicated with Saudi royal on WhatsApp days before arrest, feds say
Saudi national Abdulrahman Alfozan is accused of planting a recording device in an executive conference room at OpenAI headquarters in San Francisco.
CNBC
French unrest compounds debt crisis fears. Paris-listed stocks, bonds and the euro fall
"It looks like either the bond markets riot, or the people riot, or both," one analyst told CNBC.
CNBC
Boomers are buying into the promise of monthly income from options ETFs, but there's a tax catch
Covered call ETFs have been widely adopted by baby boomers to meet monthly income needs, but unlike most ETFs, the tax implications can be significant.
BBC Business
Home sellers cut asking prices on 3,000 properties a day
More property asking prices are being cut than at any time in 15 years, data shared with the BBC shows.
The Guardian2 outlets
AI firm Anthropic to commit 5% of shares to fund for ‘public good’
The $48bn giveaway comes amid concerns about the tech and as the company prepares for a stock market listing Anthropic has said it will commit 5% of its shares to a fund for the “public good”, as the AI developer behind the Claude chatbot seeks to bolster its appeal before its stock market listing. The company announced it would commit the shares, worth around $48bn (£36bn) at its latest valuation in May, subject to shareholder approval. It will add a further 2% of its stock to the fund for every 50% increase in its value above an undisclosed baseline. Continue reading...