Futures Slide Amid Renewed Tech Selling, Geopolitical Chaos Ahead Of Key CPI Print

Senate's Rush To Regulate AI Chatbots Is Bad For Everybody Authored by John Coleman via RealClearPolitics, The dawn of the AI era has sparked a wide range of reactions, from exhilaration over the technology’s capabilities to deep distress.  Such responses to a new communicative tool are nothing new, and indeed, AI presents new and unique challenges that will require deep thought and sensitivity. But a heavy-handed congressional response that erodes longstanding American freedoms isn’t the answer. The Senate Judiciary Committee’s markup and passage last week of SB 3062, the GUARD Act, shows the...

US-Iran MOU Eases Energy Prices But Faces Sharp Pushback From Israel And GOP Hawks Summary: The US and Iran signed a preliminary cease-fire agreement at the G7 summit in France. Energy prices fell as some Saudi supertankers resumed crossing the Strait of Hormuz. The deal includes a $300 billion private reconstruction fund and temporary Iranian oil export waivers. Iranian officials declared themselves the clear winner. The agreement has opened significant new divisions within the Republican Party. Israel described the deal as a major strategic setback. US Vice President Vance will meet Iranian officials in Switzerland on Friday. Energy...

China's EV Giant BYD Misses Earnings, Enters Brutal New Phase Of Competition BYD is entering a tougher phase after releasing weaker-than-expected financial results and signaling growing pressure in China’s electric vehicle market, according to Bloomberg. Chairman Wang Chuanfu described the current environment as having “reached a fever pitch, and is undergoing a brutal ‘knockout stage.’” The company’s stock fell at the opening of trading in Hong Kong, reflecting investor concerns. Its latest quarterly results showed a sharp drop in profitability, with earnings and revenue both missing forecasts. This downturn followed a...