AI doomsday fears are arriving at the worst possible time for the stock market
Shares in Uber, Mastercard and American Express fall on back of apocalypse scenario posted on Substack
Finance & markets
Trump phones Nvidia’s Huang at All-In Summit, calls data center opposition a ‘hoax’
After using his social media site to blast Anthropic CEO Dario Amodei's push for the AI industry to slow down development, President Donald Trump went a step further on Monday.
Supreme Court rejects Trump bid to lift block on U.S. Postal Service mail-in ballots rule
The Supreme Court on Monday night rejected a request by the Trump administration to lift a judicial block on a controversial U.S. Postal Service rule that critics feared would make it more difficult to vote by mail in t…
Oil extends gains following Houthi strikes on Saudi Arabia
Oil extended gains Tuesday, amid reports of fresh Houthi strikes on Saudi Arabia and attacks by Iran on ships in the Gulf.
China's August retail sales miss forecast while investment slump deepens, piling pressure on Beijing
China's investment slump deepened and retail sales growth slowed further in August, while industrial output topped estimates with authorities warning of acute supply-demand imbalance at home.
The murky AI milestone that has some of the industry’s leading voices increasingly on edge
Anthropic CEO Dario Amodei and others are warning that AI models may be able to build on themselves, without the help of humans. It’s a concept known as recursive self-improvement.
Trump administration repeals Biden era greenhouse gas requirements for power plants
The Environmental Protection Agency on Monday repealed limits on carbon-dioxide emissions from power plants imposed by the Biden administration, and proposed a sweeping action that would eliminate all remaining greenhou…
Stocks Settle Lower as AI Slowdown Fears Weigh on Chipmakers
The S&P 500 Index ($SPX) (SPY) closed down by -0.48% on Monday, the Dow Jones Industrial Average ($DOWI) (DIA) closed down by -0.29%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed down by -0.82%. E-mini S&P futures (ESU…
Hogs Start the Week with Losses
Lean hogs settled with losses of 55 cents to $1.05 in the nearbys on Monday. Weaker equity market trade added pressure to the market. The USDA National Base Hog price was reported at 76.91 in the Monday PM print, down $…
Corn Firms Higher to Start new Week of Trade
Corn futures posted gains of 1 ¼ to 3 ½ cents across the board on Monday. September futures expired up 1 ¾ cents at $5.12. The CmdtyView national average Cash Corn price was up 3 1/4 cents at $4.87.
The stock market could do something strange this week after the Fed decision
Wall Street is expecting that the Federal Reserve will raise rates this week after Chairman Kevin Warsh's tough speech against inflation at Jackson Hole last month was followed by a series of hot inflation reports, a sp…
Crude Prices Surge as Saudi Arabia Closes its East-West Pipeline
October WTI crude oil (CLV26 ) is up +3.30 (+3.30%) today, and October RBOB gasoline (RBV26 ) is up +0.0690 (+2.09%). Crude oil and gasoline prices are sharply higher today, with crude posting a 3.75-month high. Energy …
Stocks Slump on AI Slowdown Fears and Rising Bond Yields and Crude Prices
The S&P 500 Index ($SPX ) (SPY ) is down by -0.83% today, the Dow Jones Industrial Average ($DOWI ) (DIA ) is down by -0.53%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down by -1.39%. E-mini S&P futures (ESU26 ) are d…
Saudi Arabia may be just days away from not being able to export much oil
The attack on Iran by the US and Israel is good news for Russia but bad news for Europe, including Ukraine, and ultimately for the US itself. China could emerge as a long-term winner. Europeans must look after their own…
The oil market is sending an increasingly loud warning about gas prices at the pump
Oil buyers are paying much more to get a barrel of crude oil immediately as the Iran conflict threatens global supplies.
Children’s Place earnings missed by $0.20, revenue fell short of estimates
Custom-engineered solutions manufacturer Methode Electronics (NYSE:MEI) beat Wall Streetâs revenue expectations in Q2 CY2026, with sales up 10.4% year on year to $265.4 million. The company expects the full yearâs r…
Brazilian Real Weakness Weighs on Sugar Prices
October NY world sugar #11 (SBV26 ) is down -0.11 (-0.61%) today, and October London ICE white sugar #5 (SWV26 ) is down -1.10 (-0.21%). Sugar prices gave up an early advance today and turned lower as a slump in the Bra…
Apple releases test of redesigned Siri AI before iPhone 18 hits stores this week
Apple on Monday released a new version of the iPhone software called iOS 27, which includes the company's redesigned Siri AI personal assistant, before the latest iPhones hit store shelves this week.
Cocoa Prices Gain on the Outlook for Tighter Supplies from Ghana
December ICE NY cocoa (CCZ26) is up +58 (+0.97%) today, and December ICE London cocoa #7 (CAZ26) is up +55 (+1.27%).
Trump says no need for more AI regulation, slams Anthropic CEO Dario Amodei
President Donald Trump on Monday pushed back against growing calls for greater regulation of artificial intelligence, and lashed out at Anthropic CEO Dario Amodei over his urgent plea for an AI slowdown.
Bank of America expects third-quarter investment banking fees to fall more than 10%; shares slide
Bank of America is seeing a far more subdued few months for its Wall Street advisory and trading businesses after a blockbuster second quarter, CEO Brian Moynihan told analysts Monday.
Verrica Pharmaceuticals at H.C. Wainwright conference: growth and pipeline
Verrica Pharmaceuticals (Nasdaq: VRCA) will report fourth quarter and full year 2025 financial results and provide a corporate update on March 11, 2026.
Stocks Fall on AI Slowdown Fears and Rising Crude Oil Prices
The S&P 500 Index ($SPX ) (SPY ) is down by -0.65% today, the Dow Jones Industrial Average ($DOWI ) (DIA ) is down by -0.20%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down by -1.48%. E-mini S&P futures (ESU26 ) are d…
Microsoft sets limits for future AI models as industry throttles frontier development
Microsoft has posted a provisional code of conduct that would impose restrictions on its artificial intelligence models, days after Anthropic and OpenAI leaders agreed to slow development speed.