Work from home, drive slower and don’t use gas cookers: IEA advice on weathering the global energy crisis
The IEA warns of “the largest supply disruption in the history of the global oil market” due to the conflict in the Middle East.
Treasury yields climb as bonds sell off and fear grows that Fed rate cuts are off the table
U.S. Treasury yields jumped on Friday as investors anticipated inflationary pressures resulting from the Middle East war.
Banks eye three ECB rate hikes this year as former Governor says he sees no stagflation — yet
Brokers now expect the ECB to hike interest rates this year as the specter of higher inflation and lower growth piles pressure on central banks to act.
Gold drops nearly 10% in worst weekly rout since 2011
The metal saw bumpy trading on Friday morning, after joining a broad sell-off the previous day.
Who’s most optimistic about AI — and who isn’t, according to Anthropic
Economic gains are people’s main aspirations for AI, but analysts warned that not everyone stands to benefit equally.
European stocks rebound as oil eases and investors bet on rate hikes
Shares listed in Europe opened in the green after a week of volatility.
U.S. says Cuba is prohibited from taking Russian oil as two tankers head to island
The fuel-starved Caribbean island is facing its biggest test since the collapse of the Soviet Union under a U.S. oil blockade.
Nvidia’s Huang pitches AI tokens on top of salary as agents reshape how humans work
Most enterprise AI projects have failed since 2018, a sobering track record for an industry awash in enthusiasm.
Trump invokes emergency powers with $23 billion in Gulf arms sales as Iran war wages on: WSJ report
The U.S. approved roughly $23 billion in weapons sales to three Gulf nations, moving to bolster their defenses as the Middle East war continued to escalate.
Japan wanted inflation and Iran war could grant that wish. But it’s not the type Tokyo desires
The Iran war is pushing up “cost-push” inflation in Japan as opposed to the “demand-pull” inflation the BOJ seeks.
