Oil Jumps, 10-Year Treasury Yield Hits 5% as AI-Related Stocks Tumble Worldwide
The Nasdaq fell amid a global selloff in artificial intelligence stocks following calls from industry leaders for a uniform slowdown in AI development.
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Oil Prices Rise as Saudi East-West Pipeline Attack Threatens Export Routes
Supply concerns intensified after attacks shut a key Saudi oil pipeline and Houthi militants in Yemen tightened their grip on the Bab al-Mandeb Strait.
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Canada Inflation Steady at 3% in August
Canada's consumer-price index slipped 0.1% in August, holding the annual rate of inflation at 3%, Statistics Canada said.
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Chip Stocks Tumble After AI Leaders Call for Slowdown in Development
U.S. chip stocks followed European and Asian peers lower after leaders of the world's biggest artificial-intelligence companies called for the industry to slow development of the technology for safety reasons.
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How the Clash Between Money and Safety Created a Monumental Crisis for AI
OpenAI and Anthropic, in heated competition-with each other and China-are racing toward IPOs, even as they admit they could lose control of their powerful bots.
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BOE Expected to Hold Key Rate, Slow Down Quantitative Tightening
Economists think the bank's monetary-policy committee will strike a hawkish tone, noting that energy prices have climbed since the last policy meeting.
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Why Mortgage Bonds Are at Risk if Rates Rise-and if They Fall
There are fewer people sitting on ultracheap mortgages than you might think.
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Bessent Says the U.S. Can Grow Its Way Out of the Debt Crunch. What Would It Take?
The Treasury secretary makes the argument that strong economic expansion is the antidote to climbing out of the deep debt hole.
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Trump Sees Race Against China as Key Issue on AI Regulation
The president defended light regulation and stressed the need to keep the lead as tech executives are raising alarms about breakneck development.
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Trump Pledges to Rescind 10% Tariff on Irish Whiskey
The president closed out his weekend visit to Ireland by making the announcement at the Irish Open golf tournament.
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Fed rate hikes won't bring down gas prices. Why the bond market is pushing for them anyway.
The 10-year Treasury yield is sitting on the doorstep of 5%, and that's a warning sign for stocks.