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News
The heads of US frontier AI labs are terrified of China
11+ hour, 12+ min ago (381+ words) The source of the info is here on twitter: An obscure grassland prefecture in Inner Mongolia may be quietly building the largest concentration of AI compute on the planet, and that could explain a lot about why US AI labs…...
investingLive Asia-Pacific market news: Oil holds gap higher
11+ hour, 3+ min ago (393+ words) Asian equity markets were mixed to weaker. Japan's Nikkei fell around 1% and South Korea's KOSPI declined around 2%, while mainland Chinese indexes traded more evenly, with the Shanghai Composite gaining 0.16%, the Shenzhen Component slipping 0.25%, and the ChiNext down 0.47%. Separately, Goldman Sachs…...
Anthropic, OpenAI and Google held talks on AI safety body, report says
12+ hour, 34+ min ago (229+ words) The industry's loudest weekend safety statements turn out to have been building on months of quiet, coordinated talks between the three biggest labs. Ripple's RLUSD stablecoin hit a fresh all-time high supply of $2.442B this week, even as XRP price lags....
Weekend: Tanker hit by projectile in Hormuz as fresh attacks reported at sea
16+ hour, 15+ min ago (355+ words) Hormuz shipping came under attack again over the weekend, with a confirmed tanker fire and an unverified Iranian casualty claim adding fresh risk to an already fraught strait. A Panama flagged tanker caught fire in the Strait of Hormuz on…...
Democrats meet ahead of Tuesday's crucial Clarity Act vote; BTC, ETH implications.
17+ hour, 17+ min ago (234+ words) Senate Democrats meet as Clarity Act faces its first real Senate test --- This next paragraph really should go at the end of the piece, but if you want to skip the political baloney and just read this, I've got your…...
Iran says Hormuz meeting with Gulf states postponed at request of regional countries
18+ hour, 43+ min ago (221+ words) A Monday meeting meant to advance a Hormuz shipping deal has been pushed back, with Tehran and Muscat citing consensus building even as Gulf unity looks shakier than billed. The postponement leaves the broader picture largely where it was: a…...
The oil market is suddenly a huge problem
3+ day, 20+ hour ago (270+ words) The good news for Trump is that if he doesn't want the Federal Reserve to hike rates twice before year end, he has the tools to stop it. Today, we're seeing signs of a scramble to secure supplies with brent…...
Vessels hit near Hormuz as satellite images fuel Saudi pipeline attack claims
3+ day, 17+ hour ago (247+ words) A confirmed shipping attack landing on the same day raises the odds that traders start pricing in a broader pattern of extended infrastructure risk rather than judging each report in isolation. Any official confirmation of damage to the pipeline itself,…...
US stocks close lower as rising yields and $100+ oil prices pressure the indices
3+ day, 18+ hour ago (318+ words) US stocks finished lower across the board, pressured by another sharp rise in Treasury yields. The 10-year yield increased 11.8 basis points to 4.9545%, its highest level since October 2023. The rise in borrowing costs weighed particularly heavily on small-cap and technology stocks....
Trump says oil prices won't come down until after the midterms
4+ day, 20+ hour ago (187+ words) Trump says oil prices will come tumbling down after the midterm elections. He said that getting oil down will 'take a little longer' but wil come 'shortly, right after the election, He said gasoline will fall below $2. It hit a…...