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News
The heads of US frontier AI labs are terrified of China
12+ hour, 51+ min ago (381+ words) The source of the info is here on twitter: An obscure grassland prefecture in Inner Mongolia may be quietly building the largest concentration of AI compute on the planet, and that could explain a lot about why US AI labs…...
investingLive Asia-Pacific market news: Oil holds gap higher
12+ hour, 43+ min ago (393+ words) Asian equity markets were mixed to weaker. Japan's Nikkei fell around 1% and South Korea's KOSPI declined around 2%, while mainland Chinese indexes traded more evenly, with the Shanghai Composite gaining 0.16%, the Shenzhen Component slipping 0.25%, and the ChiNext down 0.47%. Separately, Goldman Sachs…...
Anthropic, OpenAI and Google held talks on AI safety body, report says
14+ hour, 14+ min ago (229+ words) The industry's loudest weekend safety statements turn out to have been building on months of quiet, coordinated talks between the three biggest labs. Ripple's RLUSD stablecoin hit a fresh all-time high supply of $2.442B this week, even as XRP price lags....
CICC warns $100 oil could bring demand destruction into view
11+ hour, 43+ min ago (285+ words) Bullish weekend for oil: CICC has lifted its Brent forecast on the view that Middle East supply losses are proving stickier than expected, while flagging that oil above $100 could finally start denting demand. China International Capital Corp has raised its…...
Carney explores Canada as EU associate member, WSJ reports
16+ hour, 58+ min ago (405+ words) Carney is testing whether Canada could become an EU associate member, a strategic hedge against a deteriorating trade relationship with Washington that could reshape everything from worker mobility to energy infrastructure. Canadian Prime Minister Mark Carney is pushing the idea…...
Weekend: Tanker hit by projectile in Hormuz as fresh attacks reported at sea
17+ hour, 54+ min ago (355+ words) Hormuz shipping came under attack again over the weekend, with a confirmed tanker fire and an unverified Iranian casualty claim adding fresh risk to an already fraught strait. A Panama flagged tanker caught fire in the Strait of Hormuz on…...
NZ services sector expands for third month as PSI rises to 51.2
17+ hour, 55+ min ago (589+ words) Eyes are not on the kwiwi $ right now: New Zealand's services sector notched its strongest reading since returning to growth, but with sentiment souring and half the sub-indices still in contraction, this looks like a fragile recovery rather than a…...
Globex is open and oil has jumped higher while stocks have slumped.
18+ hour, 16+ min ago (359+ words) --- The week has opened with oil bid on unresolved Middle East risk and stocks on the back foot after OpenAI's IPO retreat added to AI sector caution. Oil gapped higher and equity index futures gapped lower as Globex opened for…...
Tesla's flying Roadster demo to land after years of missed reveal dates
18+ hour, 37+ min ago (363+ words) The Roadster reveal is unlikely to move Tesla's share price in any lasting way on its own, given the stock is currently priced by the market largely on robotics and software narratives rather than a low volume halo car. Tesla…...
ECB chief Lagarde says euro-area inflation shock will last longer than expected
19+ hour, 29+ min ago (234+ words) Lagarde says the inflation shock from the Iran war has further to run, while separately warning that sky-high AI valuations could be due a correction. European Central Bank president Christine Lagarde said the current inflation shock facing the euro area…...