Inflation persisted in August, potentially locking in a Fed interest rate hike
The all-items consumer price index was expected to rise 0.4% in August, with core, excluding food and energy, showing a 0.2% gain, according to the Dow Jones consensus.
Sub-$100 smartphones becoming a rarity as AI memory prices soar
The days of the sub-$100 smartphone may be numbered, including in China.
Trump dismisses AI extinction risks as more than a dozen OpenAI, Anthropic insiders call for a slowdown
Trump said he isn’t concerned AI could cause human extinction as researchers at leading AI companies warn about rapid advances and lawmakers propose safeguards.
Global bond sell-off deepens as $100 oil stokes stagflation fears
The yield on German 10-year bonds, seen as the euro area benchmark, crossed 3.5% on Friday for the first time since April 2011.
IEA warns global oil refining system ‘stretched to the limit’ as Iran, Ukraine wars tighten market
The energy agency warned shrinking inventories and strained refineries could further tighten markets.
The oil shock is testing private credit borrowers already burdened by high debt costs
Oil near $100 could further squeeze leveraged private credit borrowers as investors weigh the risk that inflation could push interest rates higher again.
Oil prices fall Friday, but post sharp weekly gains as tensions in the Middle East rise
The decline snapped multiday winning streaks for both Brent and WTI crude oil futures.
Houthis reportedly advance to key Red Sea island, further threatening crucial oil choke point
The advance raises the threat to shipping near the Bab el-Mandeb Strait, a waterway that connects the Red Sea to the Gulf of Aden to global markets.
U.S. diesel price tops $6 per gallon, a record high as Ukraine and Iran wars ripple through economy
U.S. diesel prices hit their highest level ever as fuel supply disruption stemming from the Ukraine and Iran wars lifts transportation costs.
Further European rate hikes ‘very much dependent’ on energy costs, Bundesbank chief tells CNBC
Joachim Nagel told CNBC that a potential move in rates into restrictive territory was “very much dependent on how the energy prices evolve.”
