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The Latest Breaking News from Ipek Ozkardeskaya

Slow the AI race? Investors weigh the potential cost

Calls to rein in the development of ever more powerful AI models are fuelling fears over the massive capital outlays in the sector -- and the prospect that profits from the promised revolution might not be enough to cover them. Anthropic meanwhile is gearing up for an imminent IPO to…

The Economic Times

Investors weigh the potential cost of AI 'slowdown'

The AI boom that has powered markets and unleashed a flood of investment is showing signs of strain. Calls to slow the development of powerful models fuel doubts over whether the sector's promised profits can justify its staggering costs.

France 24

Gold hits highest level in three months as traders worry about US inflation and bond market jitters – as it happened

Spot gold touches almost $4,700 an ounce and Bitcoin tops $80,000 while oil prices fall despite threat of heavy US sanctions on Iran and any country trading with it

The Guardian - UK

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Stocks, oil slip ahead of US threat of economic war against Iran

LONDON — Oil prices eased after strong gains last week while stock markets faltered on Monday as investors awaited details of a US plan to impose massive economic pressure on Iran to end the Middle East war.

Bangkok Post

Global Markets: Hotter Europe isn't cooling investor fervor for stocks

The heatwaves pummelling Europe this summer will have costly impacts on industries ranging from agriculture to tourism -- but that hasn't stopped stock markets from hitting all-time highs. The Paris, Frankfurt, Madrid and Milan exchanges all hit records in August, in line with recent all-time highs for Wall Street's key…

The Economic Times

US Stocks | Nasdaq futures surge 2% as chip outlook calms AI jitters; inflation data awaited

Indian markets are set for a positive opening as US futures surged, led by a 2.24% jump in the Nasdaq. Memory chip giants Micron and Qualcomm's strong forecasts for AI demand have reignited optimism, with both stocks soaring in pre-market trading. Investors are keenly awaiting US inflation data later today,…

The Economic Times

Oil price falls to pre-Iran war levels as more tankers exit strait of Hormuz

Stock markets on both sides of Atlantic up as concerns ease over prospect of another inflationary shock

The Guardian - UK

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Chip, chip ... boom? South Korea tech makers join the trillion-dollar club but some fear a short-circuit looms

South Korea’s Kospi stock market has hit record highs thanks to AI, but experts urge caution over boom-bust cycles and a heavy reliance on two chipmakers

The Guardian - AU

Rachel Reeves warns fuel retailers not to make ‘excess profits’ from oil crisis; G7 ‘stands ready’ to release crude reserves – as it happens

Finance ministers from G7 countries resist pressure to release emergency oil stocks at video call today

The Guardian - UK

AI-resistant ‘halo’ stocks drive UK and EU markets to record highs

Investors shifting to ‘heavy-asset, low-obsolescence’ companies insulated from disruption, says Goldman Sachs

The Guardian - UK

US oil company shares and Venezuelan bonds rally after Maduro seized, sending Dow to record high – as it happened

Rolling coverage of the latest economic and financial news, with gold and defence company shares also higher today

The Guardian - UK

The Massive Debt Behind France's Political Turmoil

France's growing debt pile is at the heart of the confidence vote that could topple the government of Prime Minister Francois Bayrou next week.

International Business Times

Gold price hits record high as investors seek safe haven

Bullion has nearly doubled in value since 2023 amid global uncertainty and alarm over Donald Trump’s policies

The Guardian - UK

FTSE 100 closes near record high, and oil price falls, on reports Iran seeks talks with Israel – as it happened

Rolling coverage of the latest economic and financial news

The Guardian - UK

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International Business Times

Oil Prices Slide After OPEC+ Output Hike

Oil prices slumped on Monday after OPEC+ countries announced a sharp production increase despite oversupply concerns and growing fears that US President Donald Trump's trade war could weaken demand.

The Guardian - UK

Pound and UK bonds fall after strong US jobs report; UK gas storage levels are ‘concerningly low’ – as it happened

Plunging temperatures and high demand for gas fired power stations have reduced UK winter gas storage levels, reports Centrica

The Guardian - UK

Bond market turmoil eases as Treasury minister says ‘no need’ for government intervention – as it happened

Lib Dems say chancellor should stay and make emergency fiscal statement and also cancel planned national insurance hike

International Business Times

Angola Departure A Blow For OPEC+ As Cartel Tensions Rise

Angola's departure from OPEC exposes the tensions with the oil cartel as it seeks to cut output to maintain prices just as the United States ramps up production.

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International Business Times

Waning Influence Of OPEC+ In Spotlight As Prices Flag

Despite slashing oil production for months on end and announcing new cuts in late November, the Organization of the Petroleum Exporting Countries (OPEC) and its ten allies have struggled to boost flagging prices.

The Independent UK

Oil prices rise amid fears Hamas attack on Israel could spark wider Middle East conflict

Brent crude rose more than 5% at one stage to $89 a barrel before edging back slightly to stand 3.3% higher

The Independent UK

Oil prices rise over fears about wider Middle East conflict

Brent crude rose more than 5% at one stage to 89 US dollars a barrel before edging back slightly to stand 3.3% higher.

The Guardian - UK

Bank of England governor says ‘no room for complacency’ after leaving interest rates on hold – as it happened

BoE policymakers were split 5-4 on interest rates this month, with a narrow majority voting to leave Bank rate at 5.25%

Bangkok Post

UBS set for 'bumpy' integration of Credit Suisse

ZURICH - UBS is poised to complete on Monday its takeover of Credit Suisse, but integrating the former rival is a Herculean task that clients, employees and Swiss political leaders will closely watch.

The Guardian - UK

Tech stocks surge as wave of interest in AI drives $4tn rally

Shares in some firms involved in AI technology more than double in value as traders bet on massive growth in industry

The National (Scotland)

Third of global economy to be in recession in 2023, IMF chief warns

A THIRD of the world economy will be in recession in 2023, the head of the International Monetary Fund (IMF) has warned.

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