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News
Trump downplays AI risks as ‘things that won’t happen’
2+ hour, 21+ min ago (644+ words) US President Donald Trump has downplayed the risks of AI, saying "negative forces" were "bringing up things that won't happen", after calls by industry bosses to slow down development. Anthropic boss Dario Amodei said he was concerned that since this…...
Jeffries Says Democrats to Meet Tuesday on AI Action: ABC News
9+ hour, 27+ min ago (160+ words) (Bloomberg) -- House Democratic Leader Hakeem Jeffries says Democrats plan a caucus on Tuesday morning on action on artificial intelligence, according to a transcript of his interview with ABC's This Week. Trump Sees Canada Deal 'Fairly Soon,' Downplays Leaving USMCA Amodei,…...
Trump Says He’s Not Worried About Xi Calling Off Summit
9+ hour, 44+ min ago (512+ words) (Bloomberg) -- President Donald Trump said he is not worried that Chinese President Xi Jinping will cancel a highly anticipated visit later this month. Trump Sees Canada Deal 'Fairly Soon,' Downplays Leaving USMCA Amodei, Altman, Musk Call for Slowing AI Model…...
Trump Pushes Fed to Lower Rates Despite Pressure to Raise Them
10+ hour, 9+ min ago (495+ words) (Bloomberg) -- President Donald Trump reiterated that the US should have the lowest interest rates in the world even as his handpicked chair for the Federal Reserve, Kevin Warsh, faces renewed pressure to raise borrowing costs. Trump Sees Canada Deal 'Fairly…...
UAE, Iran Leaders Meet as Push to Resolve Hormuz Standoff Grows
14+ hour, 8+ min ago (506+ words) (Bloomberg) -- Abu Dhabi Crown Prince Sheikh Khaled bin Mohamed Al Nahyan met Iranian President Masoud Pezeshkian, as the Islamic Republic touts a potential deal to allow more ships through the Strait of Hormuz. Trump Sees Canada Deal 'Fairly Soon,' Downplays…...
Bank set to hold interest rates but ‘needs to be ready’ to act on inflation
15+ hour, 54+ min ago (506+ words) The Bank of England is expected to keep interest rates unchanged for the sixth time this year, but experts said it "needs to be ready" to hike rates if energy prices continue to surge. Most economists are expecting the Bank's…...
US braces for inflation report that may push Fed to hike rates
2+ day, 22+ hour ago (620+ words) A consumer inflation report due Friday could pave the way towards the US central bank's first interest rate hike in more than three years, as the war with Iran drives energy costs higher. After data this week showed an uptick…...
UK's FTSE 100 Drops; Associated British Foods Leads Fallers
3+ day, 8+ hour ago (65+ words) Yahoo Finance UK UK's FTSE 100 Drops; Associated British Foods Leads Fallers British equities remained in negative territory on Thursday, with the FTSE 100 closing 0.55% lower, as persistent US-Iran attacks on shipping disrupted oil flows through the Strait of Hormuz, keeping Brent…...
How hot can the US-Canada trade war get?
4+ day, 6+ hour ago (621+ words) The US-Canada trade war has escalated rapidly, rupturing what was once one of the world's closest economic partnerships. But the conflict is a mismatch, with the $31 trillion US economy roughly 13 times larger than Canada's, raising questions about the limits of…...
London Shares Extend Losses as Oil Prices Surge
4+ day, 8+ hour ago (60+ words) Yahoo Finance UK London Shares Extend Losses as Oil Prices Surge London's FTSE 100 index dropped 1.31% on Wednesday's close as worsening conflict in the Middle East and fuel shortage concerns pushed Brent crude past $100 a barrel for the first time since…...