CNBC Daily Open: AI rally defies bond market rout
AI stocks propel the S&P 500 to a fresh record high, but the bond market blues keep investors on edge.
Why AI is both the hope and the hazard for world leaders, according to IMF chief Georgieva
Kristalina Georgieva warns that the technology lifting growth hopes is also pushing up inflation and yields, just as public debt levels rose.
Luxury developers flocked to the ‘Hamptons of Hungary’ — but some projects are stalling
Lake Balaton in south-west Hungary has been a popular vacation destination for decades, but average transaction prices are falling.
India’s central bank hikes rates for the first time since 2023 as inflation risks build
HSBC and Goldman Sachs expect the RBI to raise interest rates in December as well.
Singapore’s Temasek warns of the ‘biggest risk’ facing markets right now
Unwinding of the artificial intelligence trade poses the biggest risk to markets, according to Singapore state-owned investment giant Temasek.
Oil prices fall as IEA members agree to prioritize release of diesel stocks
Iran’s move to step up attacks on tankers which are transiting through the Strait of Hormuz has also led to renewed worries over oil supplies among traders.
Trump set to talk to Russia’s Putin ‘very soon’ about plague-related death in Siberia
Trump says he will speak with Putin “very soon” over a plague incident in Russia as CDC monitor the situation.
Trump isn’t ‘completely wrong’: Hormuz disruption is Asia’s problem, says Singapore’s foreign minister
Trump has said that Asian economies, which are heavily reliant on energy shipped through Hormuz, should shoulder more of the burden of keeping the waterway open.
CNBC Daily Open: Fragile rebound in oil exports threatened by Iran attacks in Hormuz
Nearly 20 commercial ships, mostly tankers, have come under attack over the past month while sailing through Hormuz, the Persian Gulf or off the coast of Oman.
Trillions are being ‘wasted’ on the AI boom, Arthur Hayes says. He’s betting on what comes next
Former BitMEX CEO Arthur Hayes says the AI infrastructure boom is being overbuilt and is betting an eventual crash and bailout will send crypto higher.
