Bond Selloff Accelerates, OpenAI Weighs Slowdown, Dutch Village Demolition Fight | Bloomberg...
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Your morning briefing. All the news you need to start your day. On today's podcast: (1) Bond bears are pushing benchmark Treasury yields toward the closely-watched 5% level ahead of US inflation data that stands to determine expectations for a Federal Reserve interest-rate hike next week. (2) Brent oil traded near $108 barrel after fighting between Yemen-based Houthi militants and Saudi-backed forces intensified, stoking fears of deeper supply disruptions as hostilities escalated across the Middle East. (3) European Central Bank officials expect to raise interest rates further, with another increase possible as soon as next month, according to people familiar with the situation. (4) OpenAI is considering slowing down the development of cutting-edge artificial intelligence, and the ChatGPT maker’s Chief Executive Officer Sam Altman is hoping other AI companies will do the same. (5) Billionaire financiers Mark Walter and Todd Boehly are nearing a deal to sell their stakes in Chelse
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