AI Leaders Are Calling for a Slowdown, but Wall Street Keeps on Buying
Talk of heading off AI's potential role in destroying humanity hurt some stocks and helped others, with major U.S. indexes edging lower.
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AI doomsday fears are arriving at the worst possible time for the stock market
The latest cracks in the AI trade are emerging at a particularly troubling time for investors.
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Bank of Japan Set to Deliver Fastest Hike of Cycle as Pressure Mounts
The Japanese central bank's tone and guidance will be scrutinized for hints on whether it will accelerate tightening further or stick to a gradual approach.
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Oil Executives Say the Great Fuel Crisis Is Here
Trump officials say the oil-market disruption is temporary, but Chevron's Mike Wirth and others warn global supplies are running low, with no respite in sight.
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Warsh's Arrival Ended Trump's War With the Fed. A Rate Hike Would Test the Truce.
The current Fed chairman criticized the central bank last year for moving too slowly to cut rates. Investors now expect him to start taking those cuts back.
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The Fed may be on the verge of a serious mistake, prominent economists warn
Some economists are calling on the central bank to wait before raising interest rates, out of concern the economy may be vulnerable beneath the surface.
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Weak Domestic Demand Continues to Weigh on Chinese Economic Activity
A mixed set of data suggests that a K-shaped growth path is becoming further entrenched in the Chinese economy.
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Wall Street Confronts Prospect of a New Era After Treasury Yield Hits 5%
Investors weigh whether the 10-year note's yield will decisively break through the threshold, creating borrowing environments like in the past.
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U.K. Unemployment Rate Remains Flat
The country continued to face economic uncertainty, as employers preferred to wait and see before committing to hiring, KPMG UK said.
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Hedge Funds Are the Wild Card in the Turbulent Bond Market
A pullback by pension funds in Treasurys has created a void filled by hedge funds, and the New York Fed is asking about the potential risks.
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EPA to Roll Back Power-Plant Emission Rules
The move would unwind Biden-era policies to crack down on pollution from coal and newly built natural-gas-fired power plants.
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Canada Inflation Steady at 3% in August
The country's consumer-price index slipped 0.1% in August, holding the annual rate of inflation at 3%, Statistics Canada said.
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Why Mortgage Bonds Are at Risk if Rates Rise-and if They Fall
There are fewer people sitting on ultracheap mortgages than you might think.