Looking at this red-hot AI chip, even its creators are afraid that it might get out of control this 'fire' truly causes people to feel uneasy and anxious.
The U.S. economy is showing resilience despite an energy price spike tied to the conflict with Iran.
New figures show GDP grew at a 2.2% annual pace in the second quarter as consumer spending rose 3.8% and business investment outside housing climbed 9%.
Imports took a sizable bite out of the final GDP figure, shaving nearly 1.7 percentage points off growth.
And beneath the headline number, a measure stripping out volatile trade and government spending grew at a strong 4.6% pace.
Yeah, the yield curve being flat is no surprise - when you got a global economy slowing down like this, and central banks pumping out cash left and right, it's bound to happen!.
Nobody is "losing the end" of the bond curve. The yield curve is flat, not steep.
Rather, some people are losing the argument for what interest rates should be in this environment and the market is adjusting accordingly.
Nothing stops this train.
NYSE 52-week New Lows hit a new high on Sep. 28. This is a bottoming sign for the market, which is peculiar to think about with the SP500 Index this close to new highs. But equal weight SP500 ETF RSP has fallen 5.6%, a nice amount for an ordinary market correction.
After spending more than 23 years and $1.7 trillion, America has been forced by the Iraqis to end its forever war. Tomorrow, 9/30, on schedule, Iraq will finally close the last U.S. military base in Iraq.
THE IRAQ WAR = ANOTHER GREAT NEOCONSERVATIVE INSPIRED STRATEGIC DISASTER.
Larry Jeddeloh thinks the 10-year Treasury yield is heading to 10% by 2032.
European institutions are betting that 5% is the ceiling, and Larry walked me through why the structural forces say they're wrong.
The number he's watching is the 2-year. A monthly close above 5.30% opens the door to 6% or 7%, and he doesn't think the equity market can absorb that.
We also got into why foreign money is choosing US megacap tech over Treasuries, why a Brent breakout above $111 could send oil toward $200, and the gold-for-oil vaults the Saudis are using to settle trade outside the dollar.
Very timely, watch it here:
https://t.co/vyPy00qy4g
OpenAI apologized this week after one of its agents infiltrated an Australian government website in June.
๐บ Watch the full #FortuneAIWeekly episode with Fortune's @jeremyakahn and @EmilyForlini here: https://t.co/OlwdvIElSp
The establishment of Mitsubishi UFJ Emut Bank marks a new chapter for digital banking in Japan. We look forward to its AI-based asset management services bringing convenient and efficient financial experiences to customers.
Watching the busy people on the streets, a 2.8% raise in salary still isnt enough to keep up with inflation workers wallets just arent getting any fatter.