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Trump to meet AI leaders over US investment in their companies - BBC
The US president said on Friday he expects to meet the leaders of top AI companies next week.
Bitcoin Falls Below $60,000 for First Time Since 2024 Trump Win - Bloomberg.com
Bitcoin fell below $60,000 for the first time since October 2024, extending its reversal from market darling after the reelection of US President Donald Trump to a casualty of a rapidly changing speculative landscape.
Gold Erases This Year’s Gains as Jobs Data Fuel Fed-Hike Bets - Bloomberg.com
Gold erased its gains this year as robust US jobs data fueled bets that the Federal Reserve will likely raise interest rates this year, a headwind for the precious metal.
Hot jobs report puts Fed cuts further out of reach as Chair Warsh faces policy tests - CNBC
Another big jobs report in May has swept aside the possibility of interest rate cuts anytime soon.
Anthropic urges industry coordination to allow for a ‘pause’ in AI development if risks grow - AP News
Anthropic is proposing that top AI companies coordinate a way to pause the development of advanced AI systems if they become too dangerous. The company behind the Claude chatbot says the technology is improving so quickly that there’s a risk humans could lose…
The deficit climbing by $3.4 trillion is keeping your mortgage rate at 6.48% — not the Fed - Fortune
Trump’s tax-and-immigration megabill is forcing Treasury to flood bond markets with new debt, pushing 10-year yields higher. Not good for your mortgage.