The 10-year Treasury yield stayed below 5% Friday after AI-driven tech selling sent investors into government bonds.
10-year Treasury yield drops back to 5% this week as investors seek cover from AI worries
Source: CNBC
Original reporting
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American Express is cutting 5% of its workforce to 'prepare for AI'
Amex, which reported third-quarter results earlier Friday, is taking a $336 million restructuring charge in the quarter, CEO Stephen Squeri said Friday.
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Brent crude oil tops $116, a six-month high, as tensions swell in the Middle East
U.S. President Donald Trump accused Iran on Thursday of trying to manipulate the oil market.
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Family offices likely to add risk, debt and alternatives under the next generation
The next generation of family office leaders is likely to use more debt, invest in more alternatives and focus on different philanthropies, say new studies.
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Our top 10 things to watch in the stock market Friday
WTI crude is back at $100 a barrel, and American Express reported a mixed quarter.
The Guardian
Telegraph cuts 100 jobs as new owner promises to turn paper into ‘AI-powered’ global business
Redundancies come after paper was bought in June by European media group Axel Springer The new owners of the Daily Telegraph have made large numbers of staff redundant, telling them the title will be transformed from a newspaper “into a global, AI-powered premium media and intelligence business”. In an all-company briefing and email on Friday morning, staff were told the title would rely increasingly on technology, data and AI to “reinvent the reader experience”. About 100 people are understood to have lost their jobs. Continue reading...
The Guardian
Hammersmith Bridge is a symbol of our dysfunctional times. The money is there, the joined-up thinking isn’t | Simon Jenkins
London’s roads are horrendous, with constant roadworks and creaking infrastructure. And the emblem of all that spans the River Thames London’s Hammersmith Bridge is a metaphor for all that is wrong with British government. Closed to motor traffic and inert for seven years, it is a victim of the anarchy that seeps into every tier of public administration. The bridge sits today on a sublime bend in the Thames, guarded by what looks like Checkpoint Charlie in iron curtain Berlin. With Albert Bridge also now closed , 37,000 extra vehicles seeking to cross the river have brought south London close to perpetual gridlock. No one cares. London may be the richest, smartest, coolest place in Britain. Yet it is run like a high street vape shop. Its buses are ever slower, homeless people are ever more prevalent, waiting times in hospitals ever longer. No one can decide if they want an HS2 terminus o