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EU watchdog flags risk of abrupt market correction
2+ day, 15+ hour ago (291+ words) By Elizabeth Howcroft and Phoebe Seers PARIS, Sept 10 (Reuters) – A disconnect between deteriorating macroeconomic conditions and upbeat valuations risks triggering a market drop, the European Union’s financial watchdog said on Thursday, citing conflict in the Middle East and rising energy…...
OpenAI pushes for mandatory national AI safety requirements
3+ day, 5+ hour ago (147+ words) Sept 9 (Reuters) - OpenAI said Wednesday it is pushing for mandatory national AI safety requirements, adding that until the U.S. Congress acts, the ChatGPT maker will continue supporting state AI legislation. "Today, we are announcing our support... Sept 9 (Reuters) â…...
Wall St futures muted as oil tops $100 for first time since July
3+ day, 19+ hour ago (479+ words) Sept 9 (Reuters) – U.S. stock index futures were subdued on Wednesday as oil prices blew past $100 for the first time since July amid an intensifying Middle East conflict, keeping investors cautious ahead of inflation data later this week. Investors have struggled…...
Morning Bid: Bonds’ reality check
1+ week, 1+ day ago (996+ words) Sept 4 (Reuters) – From the Editor Are the vigilantes back? Bond yields spiked across developed markets this week, with many hitting multi-decade highs, as rising deficits, elevated inflation and a surge of AI-driven corporate debt issuance left traders demanding higher compensation…...
Take Five: Good evening, Mr Bond
1+ week, 1+ day ago (847+ words) Sept 4 (Reuters) – Important U.S. inflation data and a European Central Bank meeting take centre stage next week, against the backdrop of a bond market selloff that has pushed borrowing costs to their highest in years from Tokyo and Sydney to…...
US auto safety regulator says evaluating Tesla’s Cybercab rollout
1+ week, 2+ day ago (158+ words) SAN FRANCISCO, Sept 3 (Reuters) - U.S. auto safety agency NHTSA is evaluating Tesla's rollout of Cybercab robotaxis, a spokesperson said on Thursday, as the electric vehicle maker started offering rides in limited areas of Austin, Texas. The Cyb... SAN FRANCISCO, Sept 3 (Reuters)…...
Texas Republicans turn against data centers, putting big tech on notice
1+ week, 2+ day ago (1031+ words) By Helen Coster and Dawn Kopecki NEW YORK, Sept 3 (Reuters) – Less than a year ago, Texas Governor Greg Abbott hailed Texas as the “epicenter of AI development.” Now, in his bid for re-election, he is calling for sweeping new restrictions…...
ByteDance gets $30 billion loan, Bloomberg News reports
1+ week, 3+ day ago (108+ words) Sept 3 (Reuters) - Bytedance has secured a $29.6 billion loan, Bloomberg News reported on Thursday, citing people familiar with the matter. The Chinese tech giant was originally seeking a $20 billion facility, but increased the size after g... ByteDance gets $30 billion loan, Bloomberg…...
Analysis-No shortage of culprits in panic over long US Treasury yields
1+ week, 3+ day ago (752+ words) PROVIDENCE, Rhode Island, Sept 2 (Reuters) – Higher long-end Treasury yields are unlikely to retreat anytime soon, and a host of intertwined supply and demand factors will likely hamstring U.S. policymakers seeking to cap borrowing costs. That is because the renewed surge…...
Morning Bid: Who will police the bond vigilantes?
1+ week, 4+ day ago (404+ words) A look at the day ahead in European and global markets from Gregor Stuart Hunter Bond yields are hitting new milestones as fighting resumes between the U.S. and Iran and oil prices surge, sending Brent crude above $95 and the yield on…...