The Middle East conflict could flare up again as the U.S. reportedly plans to resume strikes against Iran.
Brent crude tops $112 on Middle East worries as U.S., Israel reportedly weigh fresh Iran strikes
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Nvidia CEO Jensen Huang says neocloud demand is 'off the charts' but capital is scarce
Nvidia CEO Jensen Huang told CNBC Thursday that demand for neocloud firms is "off the charts," but scarce capital is holding back growth.

Barclays cuts 5,000 jobs as profits jump ahead of looming bank tax; French bond yields hit fresh 24-year high – business live
UK bank says 1,000 job cuts already done with a further 4,000 to go before year end, driven by advances in AI, described as ‘icing on the cake’ by Barclays boss You be the chancellor: play our budget game to see if you can balance the books The French 10-year government bond yield has risen above the equivalent US Treasury yield for the first time since 2013. The French yield, or interest rate, jumped 10 basis points to 5.09% this morning, while the 10-year US Treasury yield fell 4bps to 5.07%. I am disappointed and you can be sure this will get my attention. Continue reading...

Meta strikes deal with Zuckerberg to protect him from California wealth tax
Company says deal will keep its chief executive living in California even if state brings in one-off billionaire tax Business live – latest updates Meta has struck a deal with Mark Zuckerberg to protect him from the threat of a California wealth tax targeting billionaires. The social media company behind Facebook, Instagram and WhatsApp revealed on Wednesday night that the arrangement would keep its chief executive living in California, where its headquarters are located. Continue reading...

Barclays cutting 5,000 jobs as it increases reliance on AI
The bank says it is using more AI leading to a 5% reduction in its workforce.
World's largest wealth fund posts $30 billion loss after bond market turbulence
The fund has a current value of around $2.3 trillion.
Barclays to slash 5,000 jobs in AI efficiency push
U.K. banks Barclays said Thursday it plans to cut 5,000 staff, citing efficiency savings from AI.