Uber Introduces $1,500 Monthly Cap On AI Coding Tools After Budget Blowout

Trump Toughens Terms Of Iran Deal Framework, As Bessent Pinpoints Tehran's 'Big Mistake' Summary NYT on Sunday: President Trump has toughened the terms of a potential framework for a deal to end the war in Iran. Washington seeks to ratchet pressure, but Tehran still not budging on issue of remaining nuclear material. Bessent describes the "big mistake" Iran made to Fox - attacking its neighbors & losing friends; also says of the Iranians "they're going to have to start taking down the wells." Israeli PM Netanyahu says he has "instructed the Israeli military to...

Gas Prices Nearing Levels That Could Push Trump Towards Iran Talks, Says JPM Commodities Expert One of the main macro drivers this week remains the Gulf energy shock, as chokepoints from the Strait of Hormuz to Bab el-Mandeb are disrupted. Turmoil in the Black Sea between Russia and Ukraine is also sending chills through commodities desks. Related energy coverage: RBC Commodities Chief Warns "War Entering Dangerous Phase" As Chokepoint Chaos Risks Oil Above 2008 Peak Brent crude is back above $100 a barrel, while WTI has reached $92, pushing Treasury yields higher,...

Rate Hike Odds Tumble After Warsh Does Not Address October FOMC Meeting In our morning wrap we said that market sentiment was boosted overnight following Kevin Warsh's speech at the IMF meeting in Bangkok, specifically "The day's driver is Warsh (or rather what he didn't say): with the blackout starting Saturday, the Fed chair declined to push back on rate expectations and instead talked up a "massive investment surge" from AI." Goldman set the context, with its chief economist Jan Hatzius writing in a note overnight that in comments at the IMF’s...