Posts by Amelia Frost
Trump Calls On Ukraine To Stop Hitting Russian Oil Refineries As Price Of Diesel Skyrockets
President Donald Trump called on Ukraine stop hitting Russian oil infrastructure with drones as diesel gas prices continue to climb in the U.S. and around the world. Speaking in Ireland, Trump said the attacks are “hurting the world.” “Mr. Zelenskyy has to do one thing. He has to stop knocking out diesel fuel in Russia,”…
Read MoreThe Benchmark U.S. Treasury Yield Topped 5% For The First Time In Years. Odds Of a Rate Hike Climbed Further.
The benchmark 10-year Treasury yield hit 5% for the first time since 2023 on Monday, getting closer to the highest level since July 2007. The note then pared the climb, going back below the threshold. CNBC noted that, should the yield continue climbing and hit 5.02%, it would reach the highest level since July 2007,…
Read MoreMuge “Emma” Cody on Why Strategy Is Easy and Transformation Is Hard
The offsite ends on a Thursday. Two days of market analysis, a chosen strategy, a deck that survives every question in the room, and a leadership team that leaves aligned. On Friday, everyone returns to a job that has not changed at all. Muge “Emma” Cody has watched that Friday come around more times than…
Read MoreTrump Rejects Pacing AI Development, Takes On Anthropic’s Amodei: ‘Pretending To Be a ‘Perfect Little Angel”
President Donald Trump pushed back against the pacing of AI development by top U.S. companies on Monday, specifically taking aim at Anthropic CEO Dario Amodei, who during the weekend published an essay calling for the move. In a social media publication, Trump said that the “only control or “guardrails” that AI needs is a STRONG…
Read MoreStocks Pared Losses As Traders Assessed AI Warnings, Hits On Energy Infrastructure
Stocks pared losses on Monday as oil kept climbing and traders assessed warnings from tech companies seeking to pace the development of frontier AI models. The Dow Jones Industrial Average declined 0.23%, while the S&P 500 did so 0.34%. The tech-heavy Nasdaq Composite dropped 0.29%. Top AI leaders agreed during the weekend on the need…
Read MoreThe World’s Biggest AI Companies Were Racing To Build Faster. Now Their CEOs Are Hitting The Brakes.
The leaders of several of the world’s most powerful artificial intelligence companies are publicly backing a slower pace for frontier AI development, marking an unusual point of agreement among executives whose companies have spent years competing to build increasingly capable models. Anthropic CEO Dario Amodei, OpenAI CEO Sam Altman, Elon Musk and Google DeepMind CEO…
Read MoreSam Altman Joined Calls To Pace AI Development. He Says AI Could Get Out Of Control In Two Main Ways.
OpenAI CEO Sam Altman warned that there are “two ways AI progress could go very badly” as he joined Anthropic’s Dario Amodei in calling for the pacing of frontier development. In a social media publication, Altman said the first way would be for humans to “lose control of the future of AI.” “This is unacceptable;…
Read MoreChina Pushes Back Against AI Warnings From Top U.S. CEOs: ‘Fear Mongering’
China pushed back against the slowdown of AI development sought by the CEOs of top U.S. companies, which has been dominating the global conversation following their warnings about the existential risk rogue technology could pose. Guo Jiakun, a spokesperson for China’s Foreign Ministry, said “fear mongering, confrontation, competition will just disrupt [the] process of global…
Read MoreSaudi Arabia’s Key Pipeline Has been Hit. 4% Of The Global Oil Supply Could Be Threatened.
Saudi Arabia shut down its key East-West pipeline after sustaining multiple attacks last Friday, further threatening its oil exports as hostilities in the Middle East continue to climb. Citing sources familiar with the matter, Reuters detailed that Riyadh could take up to six weeks to fix the pipeline if it doesn’t get hit again. Another…
Read MoreHostilities Climb Further In The Middle East With No Signs Of De-escalation. Oil Is Jumping More.
Oil prices keep rising on Monday as hostilities in the Middle East show no signs of de-escalation and a meeting between Gulf countries to discuss the reopening of the Hormuz Strait was postponed. Brent crude, the international benchmark, gained more than 3.5% and clocked in at $108.35 per barrel at 7:44 a.m. ET, while West…
Read MoreU.S. Is Taking a Large Stake in Venezuela’s Oil Revival. The Goal Is 2 Million Barrels a Day.
Venezuela’s latest oil agreements with U.S. and European companies are seemingly more complex than a simple return of Western energy investment to the turbulent country, with multiple agreements being forged at the same time. According to a CNBC report from Caracas, the emerging framework includes separate deals involving Chevron, private oil operators and, most unusually,…
Read MoreU.S. and Mexico Push for Pre-Election Trade Deal. Automakers Could See Major Tariff Relief.
Mexico and the United States are accelerating negotiations toward a bilateral trade agreement that officials hope to reach before the midterm elections on November 3, as the breakdown of Washington’s negotiations with Canada adds urgency to talks over tariffs, automobiles and Chinese investment. Officials on both sides see advantages to completing an interim agreement within…
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