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It took the possibility of species annihilation, but AI leaders did something remarkable this weekend: They reached a consensus. After ex-Anthropic engineer Jacob Coxon’s warnings about a looming AI armageddon lit a firestorm among techies and politicians alike, the leaders of the most advanced AI labs came to a tentative agreement — largely via posts…

Fundstrat’s Mark Newton says it’s not time to panic about surging bond yields driving a deeper stock rout. He offers technical evidence to back his case.

American retail investors are staying invested but want to see real improvement in the economy before they put more money into the market, according to new research from trading platform eToro. The company’s latest Retail Investor Beat survey asked 1,000 U.S. retail investors what would push them to increase their investments. The top answer, chosen…

Sharply Weaker Again. Half Oil. Half PPI It’s been a rough couple of days for the bond market. Yesterday, it was Bessent and the reaction to the Treasury buyback announcement. Today it is an overnight surge in oil prices and a lackluster reaction to the Producer Price Index (PPI). PPI doesn’t tend to…

Demand for renting combined with a fall in available rental homes has pushed costs higher, a property listing firm has found. According to Zoopla, higher mortgage rates are forcing would-be buyers to rent for longer and dampening landlord investment.  The firm found that UK rents rose 2.6% in the year to June to average…