Pope Leo is concerned about AI replacing human work. Traders share his concern long term
The leader of the Catholic Church warned about artificial intelligence upending the labor market. Traders on Kalshi see unemployment jumping before 2030.
Micron hits $1 trillion market cap for the first time as stock surges 19%
A global memory shortage driven by AI is spiking demand for chipmakers like Micron.
ECB ‘will do what is necessary’ to tame inflation, Bank of France governor tells CNBC
Markets are overwhelmingly pricing in a rate hike from the central bank at its next meeting.
Iran’s threat to control the Strait of Hormuz is rattling oil markets: ‘People are afraid’
Oil markets fear Iran may impose fees on ships crossing the Strait of Hormuz as part of any peace deal with the U.S.
UK gilt yields retreat from multi-decade highs as political drama mellows, rate hike expectations ease
As bond markets returned from a bank holiday on Tuesday morning, the yield on the benchmark 10-year bond stood at 4.85%.
Stocks open higher on hope Iran deal is near, relentless Micron and tech rally: Live updates
The S&P 500 climbed 0.9% last week to notch its longest weekly winning streak since late 2023.
BP shares fall after board removes chairman Albert Manifold over ‘serious’ conduct concerns
The board of British energy major BP on Tuesday announced it had unanimously decided to remove Chairman Albert Manifold with immediate effect.
Eli Lilly stock edges higher as company plans nearly $4 billion in vaccine deals
The deals are part of Eli Lilly’s effort to expand into infectious disease research and development.
‘A very dangerous bluff’: Mark Carney warns of Brexit-like regret if Alberta leaves Canada
The Canadian prime minister led the Bank of England when the U.K. left the European Union in 2020.
Pentagon spars with SpaceX over Starlink price hike during Iran war: Reuters
The disagreement over Starlink’s use on LUCAS suicide drones is part of increasing tensions between SpaceX and the Pentagon over pricing in recent months.
