Market News

UK lawmakers urge Burnham to back ban on superintelligent AI after chilling warnings

Letter from 70 MPs and peers follows Anthropic employee’s claim new technology could wipe out humans

As China rises, Australia is increasingly enmeshed in the US war machine. Is the alliance still worth the risk?

Australia is being exploited by an ally that could draw it, however unwillingly, into war with China, experts warn

Iran war fuels inflation as gas prices spike, diesel hits all-time high

Saudi Arabia has just shut down a crucial crude oil pipeline after it was attacked by multiple drones from Iraq. The move is likely to lead to a spike in oil prices. Erin Burnett reports.

• Saudi Arabia shut down East-West crude oil pipeline after multiple attacks by drones from Iraq · cnbc.com · about 12 hours ago

Saudis Shut Down Crucial Pipeline After Drone Attack From Iraq

• Saudi Arabia shut down East-West crude oil pipeline after multiple attacks · cnbc.com · about 12 hours ago

Exclusive | Cyberattack by Rogue AI Swarm Stokes Fears of Out-of-Control Agents

Dow Jones Futures: $100 Oil, Surging Yields Pressure Stocks With Fed Rate Hike Seen. Apple, Moderna Are New Buys.

Despite Friday's bounce, the stock market had a tough week

• Dow Jones Futures: $100 Oil, Surging Yields Pressure Stocks With Fed Rate Hike Seen. Apple Leads New Buys. · investors.com · about 10 hours ago

House Democrats urge Speaker Johnson to cancel recess to pass AI safeguards, citing ‘catastrophic’ risk

A group of House Democratic lawmakers is pressuring Speaker Mike Johnson to reconvene the chamber immediately and cancel an upcoming break to address what they describe as the “catastrophic risk posed by advanced artificial intelligence.”

Stock Market Rebounds, Trims Weekly Losses; Fed Rate Decision, Retail Sales Due

The stock market, including the Dow Jones index, ended Friday higher but fell to a weekly loss. The Fed decision on interest rates now looms.

Oracle shook off fears about AI spending, but its stock still loses ground

“Several of Oracle’s bear cases were addressed head on” in the latest earnings report, according to an analyst.

U.S. Stocks Rise as Oil Retreats

Dollar rises against euro and Swiss franc after US inflation data

Inflation Stays Stubbornly High in August. Here's How Likely a Fed Rate Hike Is Next Week

The Federal Reserve may bump interest rates due to stubbornly high inflation.

Opinion | New York City’s School AI Ban Goes Too Far

The Houthis have opened a new front in the Middle East oil war that’s pushing up prices

I want to pay for every customer at my late husband’s favorite restaurant on his birthday. Could this backfire?

“I’m concerned that my card issuers might freeze or flag the cards when they suddenly see an extraordinary number of transactions.”

Amid war and sanctions, many Iranians are losing their jobs and struggling to get by

Many Iranians lost their jobs because of the war and the US blockade. Now some are even losing their back-up jobs as sanctions tighten

Energy Markets Rattled After Saudi Pipeline Attacks

Five Warning Signs the AI Stock Bubble Is in Its Final Stages

US trade flip-flops on Canada, China carry hidden costs

Trump Ally Says US Underestimates China Tech Sector After Visits

AI Is Creating New Trust Problems Between Colleagues

Stubborn inflation leaves GOP with higher prices past the midterms

Why a Rate Hike Could Actually Be Bullish

Canadian dollar weakens to nine-day low on Fed rate hike bets

Altimeter's Gerstner blasts researchers voicing AI extinction warnings, questions 'political agenda'

Brad Gerstner responded to the flurry of AI stories this week after a researcher quit his job at Anthropic, accusing AI companies of "gambling with our lives."

Fed Rate Hikes Won’t Be Enough to Get Inflation to 2%