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“The decline followed a sell-off in Asian markets, with South Korea’s Kospi falling 5.28%, Taiwan’s main index declining 3.2% and Japan’s Nikkei dropping 1.79%.”

“Dan Coatsworth, head of markets at AJ Bell, noted the “AI story has all been about speed, and now there is a danger of it moving to a lower gear, and some of the wheels falling off”.”

“The sell-off in the US on Thursday was most dramatic on the Nasdaq, home to tech industry titans such as Alphabet, Nvidia, Meta and Apple.”

“That’s because AI, and data centres in particular, were high on the list of the issues targeted by the successful Democrat candidates who capitalised on a rising tide of discontent by voters unhappy with the impact of the centres on their neighbourhoods,…”

“Nasdaq Composite futures rebounded from an earlier AI sell-off, gaining 0.54 per cent.”

“…pointed that @ProfEmilyOster would choose to lend her credibility to prediction markets (which are, in practice, sportsbooks with a side of wagering on elections and oil futures), particularly when one considers the harm they are bringing to kids and…”

“The IPO push comes despite a once-busy autumn listing calendar thinning out as choppy markets prompt companies to delay their offerings.”

“And if you’re in the business of feeding people, including as a grocer, it becomes easier to sell and showcase what you offer to a more rational, less sleep-deprived market.”

“Trump paused Russia sanctions to ‘analyse’ impact on global economy: Rubio AI generated JOINT BASE ANDREWS, United States – US Secretary of State Marco Rubio said on Oct 17 that President Donald Trump’s waiver of sweeping sanctions and tariffs on Russia would…”

“The RBA also warned of the rising risk of cyber-attacks, potentially facilitated by AI, and a sudden sell-off in global bond markets.”

“So far, there’s been no material impact on the sharemarket from the spikes in yields and, apart from a brief sell-off when the US and Israel launched their attack on Iran in February, it has traded largely unaffected by the surge in oil prices above $US100 a…”

“There was only one thing running other than oil in global markets – Mark Zuckerberg’s latest triumph – MUSE.”

“Financial markets suggest the Bank of England will raise interest rates four times before the end of next year, even after it kept borrowing costs on hold this week.”

“Some corporate cultures will be more reluctant than others to expose themselves to the boss’ all-seeing AI, he adds, bringing his argument around to a point which converges with his earlier predictions about AI’s impact on geopolitical competition.”

“We dive into both below. - ⛽💲📈 Plus, Trump administration officials are dismissing the idea of a ban on diesel exports, even as prices soar.”

“European markets in the red as US Treasury 10-year yield rises over 5% European stock markets are in the red this morning, as investors fret about the ongoing sell-off in the bond market and the rising oil price (the two are linked!).”

“(Listen to the episode below, or find it on the podcast player of your choice.) What is a bond?”

“Then, at his peak euphoria, he flew off to Mar-a-Lago to plan his attack on Iran, which took place 27 days later.”

““Once you reach a certain scale, if you’re a tech company, moving to (Silicon) Valley makes a material difference because to get that next round of funding, you need the right people on your board,” says Mark Daley, chief AI officer at Western University in…”

“Put another way, this bustling, air-conditioned office represents one of the financial industry’s engine rooms.”

“For example, the AI Act—the EU’s comprehensive regulatory framework for AI passed in 2024—imposes different compliance burdens on AI models depending on which category of risk level they fall into.”

“A key reason for the sell-off in recent weeks has been concerns over the huge amounts of money being spent on AI, Chong adds.”