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Asian stocks and bonds were set for declines after a surge in oil prices sparked a selloff in US markets, while the latest inflation data reinforced bets on an imminent Federal Reserve rate hike.
We haven't written up this one. Bloomberg has the full story — the link below goes straight to it.
Key PointsThe U.S. Department of Commerce has used CHIPS Act funds to buy $100 million minority stakes in Rigetti, D-Wave, and Quantinuum.
Treasury Secretary Scott Bessent dismissed any concerns with regard to Thursday’s smaller-than-expected debt buyback operation, and played down concerns about a jump in yields.
Diesel prices soar to new record highs with no signs of slowing down anytime soon.
“Diesel touches everything in the economy,” one analyst says.
European shares fell to two-month lows on Thursday as expectations of further interest rate hikes grew after the European Central Bank increased borrowing costs and...
SpaceX has set an ambitious revenue target and a newly disclosed computing-power deal could get the company a bit nearer to its goal.
