Meta CEO Says Market Incentives Already Drive AI Safety Without Regulation
Mark Zuckerberg argues that competition and user demand already push AI labs to prioritize safety, pushing back against calls for new regulation.
Inflation, employment, growth data and central bank decisions, and how they reprice risk across markets.
Mark Zuckerberg argues that competition and user demand already push AI labs to prioritize safety, pushing back against calls for new regulation.
Westpac leading index improved to -0.09% in August, still below trend. RBA expected to hold in September but hike later.
Asian stocks opened mixed Wednesday as traders awaited the Fed decision. Nikkei flat, Kospi lower.
UBS's daily note identifies three lasting themes: growth matters more than rate hikes, AI demand rises despite calls for regulation, and earnings drive markets.
Japan's July machinery orders fell 3.7% m/m, missing forecasts, while August trade deficit widened to 1105.6B yen, complicating BoJ policy.
Strive CEO Matt Cole forecasts roughly 50% annual Bitcoin returns into 2030, citing macro trends in the dollar and Treasury rates.
Washington proposes capping foreign parts in AI chips and servers to block China from using Mexico to avoid US tariffs.
Oil's 11-day rally pushes yields higher and stocks lower ahead of a likely Fed rate hike.
RBC's tracker shows spending growth broadened in August, with core sales up 1.1% m/m, while NielsenIQ data points to a deceleration.
Bill Gates warned AI will serve the richest unless governments act; his foundation pledged $1 billion to widen access.
The US 20-year bond auction tailed by 2 bps, with a bid-to-cover below the average.
Global government bond yields have surged to multi-year highs as inflation and borrowing concerns drive a broad selloff across developed markets.
Robert Kiyosaki says the biggest stock and bond crash has begun, tying it to predictions from his 2002 book.
Markets see 91% chance of Fed rate hike on Wednesday, but attention turns to signals for further tightening.
Euro area households hold nearly €10 trillion in cash and deposits, with 80% owning no stocks, ECB blog finds.