Posts by Amelia Frost
Oil and Treasury Yields Are Suddenly Moving Together. Why That Could Spell Trouble for Stocks.
Oil prices and Treasury yields are moving almost perfectly in tandem, creating an increasingly dangerous combination for stocks, bonds, businesses and consumers already contending with renewed inflation pressures. The one-month rolling correlation between front-month West Texas Intermediate crude oil and the benchmark 10-year Treasury yield has climbed to 0.96, according to BMO Capital Markets data…
Read MoreDemocrats Want Answers About Donald Trump Jr.’s Island Wedding Party Funded By Russian Oligarch
The ranking Democrat on the House Oversight Committee has launched an inquiry into Donald Trump Jr.’s May wedding celebration in the Bahamas after learning that the event was apparently bankrolled by a Russian oligarch with ties to Vladimir Putin. “As the son of President Donald Trump and the part-owner and major investor of multiple companies…
Read MoreTop AI Leaders Have Warned About The Tech Moving Too Fast. They Have Now Started Working Together.
OpenAI has begun working with other top AI companies to address the potential dangers that the technology could pose if not paced. The company’s policy chief, Chris Lehane, told Bloomberg News that the company is working with Anthropic and Alphabet on AI Safety. He went on to say that the companies have been in talks…
Read MoreTrump Loses Mail-In Ballot Case. Justices Say States Wouldn’t Have Enough Time To Make Changes.
The Supreme Court rejected President Trump’s plan to change how mail ballots are sent, saying states would not have enough time to make the changes and questioning the merits of the case. The rule would essentially require states to submit lists of eligible voters to the U.S. Postal Service (USPS). Ballots that would come from…
Read MoreClashes In The Middle East Continue To Escalate. Oil Keeps Climbing.
Oil prices keep climbing on Tuesday as clashes in the Middle East continue to escalate, particularly between Yemen’s Houthi rebels and Saudi Arabia. Brent crude, the international benchmark, gained 2.48% and topped $108 per barrel at 10:30 a.m. ET, while West Texas Intermediate, the U.S. benchmark, increased by 2.83% and clocked in at $104.26 per…
Read MoreMost Investors And Analysts Now Believe The Fed Will Hike Rates Twice Next Year: Poll
A new survey forecasts two more rate hikes by the Federal Reserve next year, a large increase compared to previous expectations. The poll, conducted by CNBC, shows that 86% of respondents now expect one hike in 2027 and 55% more than one. That compares to 46% who expected a hike ahead in the last poll.…
Read MoreIranian Strikes Have Damaged Or Destroyed ‘Hundreds Of Buildings And Structures’ At U.S. Bases: Pentagon Report
The Pentagon’s Inspector General said in a new report that the war in Iran cost more than $33 billion by the end of June. The figure stood at $33.4 billion, including $7.4 billion of cumulative obligations, $22.3 billion for expended munitions and $3.7 billion in equipment losses. The report, sent to Congress, also details that…
Read MoreAI Researcher Says He Left Google DeepMind Over Concern That ‘AI Has The Potential To Kill Us All’
A former researcher for Google’s DeepMind said he resigned from his post due to being “extremely concerned by the default trajectory of this technology.” Bilal Chughthai said in a social media post that he believes “that AI has the potential to kill us all, and that we might be running out of time to avoid…
Read MoreBank of America Says the Market Is Due for a Drop. Half of Bear-Market Warning Signs Are Flashing.
Bank of America is warning investors that Wall Street may be due for a drop after an unusually long stretch without a significant stock market decline, even as the firm maintains that the longer-term bull market remains intact. Savita Subramanian, Bank of America’s head of U.S. equity and quantitative strategy, said the S&P 500 has…
Read MoreWhat If AI Escapes Human Control? China Is Already Preparing For That Possibility
China has been building safeguards for the possibility that increasingly powerful artificial intelligence systems could escape effective human oversight, including rules requiring intervention mechanisms and a broader safety framework that explicitly addresses the risk of AI operating beyond human control. The approach has developed over several years as China races alongside the United States to…
Read MoreThe Iran War Is Helping Send Energy Prices and Interest Rates Up. America’s Debt Problem Just Got More Expensive.
Americans are beginning to feel the consequences of decades of government borrowing at an especially difficult moment. An energy shock from the Iran war is helping push inflation higher just as the country’s enormous debt load is making high interest rates increasingly painful. The result is a squeeze that extends from Washington’s budget to mortgages,…
Read MoreThe Best Jeans for Tall Women, According to a 6-Foot Style Editor
Why we love them: With three inseams, these Levi’s flares give taller shoppers some real flexibility on length. Trodd found the longest option especially convincing. “At 34 inches, the inseam is spot on for my tall frame, and the high-rise fit is super flattering,” she says. “The bootcut jean/flared jean shape gives ’70s vibes too,…
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