The mystery of gold prices – The Economist
Traders have an expression to describe how unpredictable financial markets can be: “better off dumb”. Stocks or other financial markets can sometimes behave in unforeseeable
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UK economy shrinks by 0.1% in May after coronation festivities – The Guardian
Britain’s economy shrank by 0.1% in May after a hit to activity from a trio of bank holidays, including for King Charles’s coronation. The Office
Bridgewater warns US inflation fight is far from over – The Financial Times
The investment chief at one of the world’s top hedge funds has warned the US battle with inflation is far from over, and bets on
Mortgage rates jump higher, closing in on 7% – CNN
US mortgage rates climbed higher this week, inching closer to 7% and reaching their highest level since November. The 30-year fixed-rate mortgage averaged 6.96% in
PODCAST: How much should we fear artificial intelligence?
Scientists have been sounding the alarm about the potentially catastrophic dangers posed by artificial intelligence. Gideon talks to Anu Bradford, professor at Columbia University and
Bot or not? How to tell when you’re reading something written by AI
In the wake of the viral success of ChatGPT late last year, a growing number of tools have launched that make it cheap and easy
Inflation Eased to 3% in June, Slowest Pace in More Than Two Years – WSJ
Inflation cooled last month to its slowest pace in more than two years, giving Americans relief from a painful period of rising prices and boosting
UK cost of living payments were ineffective sticking plaster, IFS says – The Guardian
Billions of pounds of taxpayer cash spent on one-off cost of living support has proved an expensive and ineffective “sticking plaster” that would have been
Bank of Canada Lifts Interest Rates, Warns Path to Stable Inflation at Risk – WSJ
The Bank of Canada raised its main interest rate by a quarter-point on Wednesday to a new 22-year high and said the path toward its
Is big business really getting too big? – The Economist
Governments are at war with big business. In June Joe Biden, America’s president, spoke for many politicians the world over when he blamed it for