Don’t Look Now, but China’s AI Is Catching Up Fast – WSJ
Chinese startups show signs of catching up with America’s leading artificial-intelligence models more quickly than many in the industry had expected, despite the restrictions China...
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EU burns through gas storage at fastest rate since energy crisis – The Financial Times
The EU is emptying its gas storage facilities at the fastest pace since the energy crisis three years ago as colder weather raises demand and...
AI bigwigs want to go all-in on nuclear. They also happen to be behind nuclear companies – CNN
Sam Altman is the chairman of a company that promises a brighter future for humankind. No, it’s not OpenAI, the artificial intelligence company he co-founded...
RBA Opens Door to Cuts Next Year if Inflation Continues to Fall – WSJ
The Reserve Bank of Australia is growing in confidence that inflation is heading sustainably back to target, and if coming data confirms the trend, it...
Defaults on leveraged loans soar to highest in 4 years – The Financial Times
US companies are defaulting on junk loans at the fastest rate in four years, as they struggle to refinance a wave of cheap borrowing that...
US banking giants capture biggest share of industry profits since 2015 – The Financial Times
The four biggest US banks are on course to capture their largest share of the industry’s profits in almost a decade, a sign of how...
Treasury Yields Rise Ahead of Consumer Sentiment Data – WSJ
Treasury yields extend post-Fed gains following the passage of a stopgap spending bill and ahead of the Christmas holiday. The December Conference Board consumer confidence...
Green Hydrogen Prices Will Remain Stubbornly High for Decades – Bloomberg
Green hydrogen has been touted by politicians and business leaders alike as a key fuel for a carbon-free future. But it will remain far more...
Meta to add display to Ray-Bans as race over smart glasses intensifies – The Financial Times
Meta plans to add displays to its Ray-Ban smart glasses as soon as next year, as the US tech giant accelerates its plans to build...
Oil Edges Higher After U.S. Inflation Data But Demand Concerns Persist – WSJ
Oil prices inch higher after softer-than-expected U.S. inflation data eased worries over interest-rate cuts next year, but concerns over global demand trends continue to weigh...