A Stock Market Doom Loop Is Hitting Everything That Touches AI

A Stock Market Doom Loop Is Hitting Everything That Touches AI

The stock market turmoil unleashed by the artificial-intelligence industry reflects two fears that are increasingly at odds.  One is that AI is poised to disrupt entire segments of the economy so dramatically that investors are dumping the stocks of any company seen at the slightest risk of being displaced by the technology.  …

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OpenAI Tapped For Voice Control Tech In US Drone Swarm Trial

OpenAI Tapped For Voice Control Tech In US Drone Swarm Trial

OpenAI has partnered with two defense technology companies that the Pentagon has selected to compete to develop voice-controlled, drone swarming software for the US military, according to multiple people familiar with the matter. OpenAI’s technology would only be used to translate voice commands from battlefield commanders to digital instructions for …

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US Stocks Rise as Strong Jobs Report Sinks Treasuries: Markets Wrap

US Stocks Rise as Strong Jobs Report Sinks Treasuries: Markets Wrap

A much stronger-than-anticipated US jobs report spurred a slide in Treasuries as traders trimmed bets on Federal Reserve rate cuts this year. An initial rally in stocks sputtered amid a selloff in software companies. The yield on 10-year Treasuries climbed three basis points to 4.17%. Money markets priced in the …

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Goldman’s India Push Bears Fruit In Crowded Wall Street Field

Goldman’s India Push Bears Fruit In Crowded Wall Street Field

It was at a rare global board meeting in New Delhi’s Taj Mahal Hotel that Goldman Sachs Group Inc.’s India country head made the case for change. Sonjoy Chatterjee told directors — including CEO David Solomon — that it was time to stop treating India as a future growth story. Inflation had …

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Stocks Set for Record as Retail Data Fuel Fed Bets: Markets Wrap

Stocks Set for Record as Retail Data Fuel Fed Bets: Markets Wrap

Wall Street traders drove stocks toward all-time highs while bond yields fell after weaker-than-estimated retail sales reinforced the case for the Federal Reserve to cut interest rates this year. Bitcoin tumbled. Benchmark 10-year yields dropped to the lowest in about a month, with money markets seeing slightly higher odds of …

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Social Networks Face Big Tobacco Moment Over Addiction Cases

Social Networks Face Big Tobacco Moment Over Addiction Cases

Facebook, Google and other tech giants for more than a decade have rejected allegations that they build products deliberately to get kids addicted to social media.For the first time, company executives, including Meta Platforms Inc. Chief Executive Officer Mark Zuckerberg, will answer to these accusations in front of a jury …

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Takaichi On Track For Japan’s Biggest Post-War Election Victory

Takaichi On Track For Japan’s Biggest Post-War Election Victory

Japanese Prime Minister Sanae Takaichi is poised for a historic election landslide, positioning her to become the nation’s strongest leader in years in an outcome that may fuel further market volatility. Her ruling Liberal Democratic Party is on track for the biggest post-war victory for a single-party in a general …

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Get Ready For Double Whammy Of US Jobs And Inflation

Get Ready For Double Whammy Of US Jobs And Inflation

Investors and policymakers are gearing up for a busy week of US economic reports that includes arguably the two most consequential data snapshots — employment and inflation. The January jobs report on Wednesday and the consumer price index, due Friday, are unusually close together on the calendar after the partial …

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