Finance
AI Summary
- Geopolitical tensions, particularly around US-Iran relations and shifting US-China trade policies, are heavily influencing global markets and re-shaping international alliances.
- Major tech companies are aggressively pivoting to AI and robotics, driving significant investment and impacting earnings, with sectors like memory chips seeing record demand despite some broader slowdowns in other tech areas.
- Central banks globally are maintaining a cautious stance on interest rates, closely monitoring inflation and the economic ripple effects of ongoing trade disputes and geopolitical instability.
- The world economy is increasingly reliant on government debt, fueled by factors like rearmament and aging populations, while commodity markets, notably metals, are seeing price surges amid global uncertainty.
- Economic forecasts show a mixed bag, with India expecting robust growth, China grappling with deflationary pressures and lowered growth targets, and trade deals and tariffs continuing to be a major point of contention affecting various national economies.
Sources
Wall Street Journal
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Middle East Scrambles to Find U.S., Iran a Diplomatic Off-Ramp
an hour ago
by Summer Said
Efforts to get negotiations started are yet to bear fruit, while President Trump has renewed threats of an attack.
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U.K.’s Starmer Joins Ranks of U.S. Allies Testing China’s Embrace
2 hours ago
by Austin Ramzy
In a visit to Beijing, the British leader is seeking to rekindle ties with Xi Jinping, with a business delegation in tow.
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How Trump’s Push for Peace in Ukraine Will Unfold: Three Scenarios
10 hours ago
by Marcus Walker
More war is most likely, but mounting strains this year could weaken Kyiv’s or Moscow’s hand.
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A Battered Iran Is Still Able to Mount a Deadly Response to U.S. Strikes
10 hours ago
by Laurence Norman
Tehran has an arsenal of thousands of missiles and refined its tactics for using them during the June war with Israel.
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A Secret FBI Bust Nabbed an Alleged Drug Lord—and Rocked Relations With Mexico
12 hours ago
by Alexander Ward
Mexican President Claudia Sheinbaum and FBI Director Kash Patel have told differing accounts about the role of U.S. agents in the arrest of former Olympian Ryan Wedding.
Financial Times
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Tesla scraps models in pivot to AI as annual revenue falls for first time
an hour ago
by FT Client Support
Elon Musk’s electric-car maker invests $2bn in the billionaire’s xAI
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Tesla lurches into the Musk robotics era
2 hours ago
by FT Client Support
Future of the company lies in equipping and running a global fleet of driverless taxis and in selling humanoid robots
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‘I wouldn’t dare take these drugs’: how China supplies untested peptides to the west
9 hours ago
by FT Client Support
The success of weight-loss drugs has driven demand for injectable compounds that claim to improve everything from sleep to skin
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Trump’s armada: the US military force assembled against Iran
9 hours ago
by FT Client Support
Build-up of American military power comes as US president weighs strikes
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Cuba has ‘15 to 20 days’ of oil left as Donald Trump turns the screws
9 hours ago
by FT Client Support
Crude exports to Havana are drying up, according to Kpler, amid US blockade of Venezuela and pressure on Mexico
CNBC
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Meta's Mark Zuckerberg gets green light from Wall Street to keep pouring money into AI
36 minutes ago
Meta's stock pop following the company's latest earnings beat is a sign that investors are OK with hefty AI spending as long as the core business stays strong.
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Oil prices rise more than 2% as Trump weighs strikes on Iran
37 minutes ago
Multiple sources told Reuters that Trump is weighing targeted strikes on Iranian security forces and leaders to inspire protestors.
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Government shutdown: Republicans consider escape hatch as Congress careens toward deadline
an hour ago
Much of the U.S. government is poised to shut down early Saturday morning unless Congress approves spending measures.
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Comcast posts mixed quarter as broadband pressures weigh on business
an hour ago
Comcast’s broadband business continues to be under pressure due to the rise of competitors, particularly in the 5G space.
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Starbucks to unveil long-term outlook at investor day, as Niccol says turnaround is just beginning
an hour ago
Starbucks is expected to release a long-term forecast and share more details about how it plans to hit those financial targets at an investor presentation.