2-year Treasury yield rockets higher as many Fed officials signal possible hike this year
U.S. Treasury yields rose on Wednesday after the Fed held interest rates steady during Kevin Warsh’s first policy meeting as chairman.
From supply shock to oil glut: IEA flags scale of demand destruction caused by Iran war
The energy supply shock triggered by the Iran War has prompted the IEA to slash its global oil demand forecast.
China pushes for AI safety as G7 summit wraps up without Beijing
China included artificial intelligence in its global governance whitepaper published Wednesday, and said Beijing was speeding up cooperation efforts.
Ineos and Daimler Truck enlist in auto defense push as Europe bolsters military spending
The partnership is one of a spate of auto-defense collaborations announced in recent weeks.
China securities regulator warns against speculating on ‘tech hype’ and using AI for stock picking
China’s top securities regulator warned that authorities will crack down on market behavior that rides the coattails of technology themes to hype stock prices.
Central banks are bringing gold reserves home as geopolitical risks rise
Central banks expect gold reserves to rise and more are storing bullion at home amid geopolitical and currency risks.
‘A signal of where power sits’: Trump and world leaders joined by OpenAI, Anthropic, Google at G7
Frontier AI risks, infrastructure and sovereignty are all expected to be discussed at the world leaders’ summit.
UK inflation holds steady at 2.8% in May
The Bank of England is due to update its monetary policy on Thursday.
AI credit markets at risk of ‘violent’ correction and investors must stay clear-eyed, Man Group says
AI credit markets are at risk of a ‘violent’ correction and investors must stay clear-eyed to do well, Man Group says
CNBC Daily Open: AI protectionism opens new front for G7
G7 attention shifts to AI as the U.S. imposes protectionist policies on access to certain models.
