S&P 500 Oil Shock: How Hormuz Tensions Reprice Inflation Risk Again
Brent at $78 and U.S.-Iran strikes revive inflation fears, pressuring the S&P 500 as energy leads and duration trades wobble. What to watch next.
The Guardian AI·
They suck up energy and water, and blast out heat. Just who is better off from all this investment – aside from tech bros? The two great existential threats of our time – the climate crisis and AI – come hurtling together in the explosion of datacentres across Australia and around the world. You can hardly avoid hearing about them these days, either with awed reverence of the promised benefits to humankind or with fear and anger given the implications for the climate, inflation, jobs and even housing affordability. Continue reading...
Read full articleBrent at $78 and U.S.-Iran strikes revive inflation fears, pressuring the S&P 500 as energy leads and duration trades wobble. What to watch next.
The post BTC inflation quagmire gets sticker as renewed Iran conflict sends oil price soaring: Crypto Daily appeared on BitcoinEthereumNews.com. Will the Fed focus on the breakevens, which are already at or below 2% at the short end, or on rising consumer concerns? The Fed itself tends to trust breakevens because they reflect institutional capital allocation, while consumer surveys frequently lag behind and can be heavily influenced by volatile everyday costs like energy and food. Hence, the argument that falling breakevens are bullish for bitcoin still holds. But the central bank may not entirely ignore Main Street sentiment, which can become self-reinforcing, especially if catalysts like energy prices remain volatile. And guess what? The U.S.-Iran ceasefire has collapsed. The two sides exchanged airstrikes early today, triggering a roughly 5% jump in oil benchmarks. Bitcoin has fallen back to $62,000 and may drop further if the panic spreads to Wall Street later today. Analysts are a
Those with high levels of vocational training, including tradespeople, are least exposed to AI displacement, according to government review Get our breaking news email, free app or daily news podcast Artificial intelligence has yet to cause widespread job losses but the federal government has warned that telemarketers, advertising staff and accountants are among the occupations “most exposed” to being replaced by the technology. According to a first-of-its-kind national report, people in the more exposed occupations are more likely to be women and have university qualifications. Continue reading...
The post Swyftx Eyes Crypto Payments After Securing License appeared on BitcoinEthereumNews.com. Australian crypto exchange Swyftx says it will be seeking opportunities in the crypto payments space after securing a license from Australia’s market regulator. Swyftx said on Wednesday that it received its Australian Financial Services License (AFSL), joining the likes of Coinbase, BTC Markets and Crypto.com. The license allows it to offer derivative products, such as crypto options or futures, to retail customers, as well as non-cash payment facility authorization, setting up the fintech to offer payment services to business and retail clients. It does not hold an AFSL to offer spot crypto. “Swyftx won’t be a pure crypto spot exchange in future,” Swyftx interim co-CEO Andrea Yuen told Cointelegraph. “In particular, we see a lot of opportunity in the payments space following local changes to credit card surcharging.” From Oct. 1, Australian businesses will be banned from adding surcharge
Weaker demand, especially from China, may ease energy-related inflation, impacting global economic activity and market confidence. The post Oil prices fall despite tight supply as China’s demand weakens appeared first on Crypto Briefing.
Andrew Charlton says artificial intelligence ‘cheating, deceiving, going their own way’ – and time to get ahead of it is in testing lab Follow our Australia news live blog for latest updates Get our breaking news email, free app or daily news podcast Artificial intelligence models are already “cheating, deceiving and going their own way”, Australia’s assistant minister for technology, Andrew Charlton, has warned, as the federal government’s AI Safety Institute begins testing the latest models. In a speech to an AI safety forum in Sydney on Tuesday, Charlton said safety for AI matters now as “AI systems are already doing things their creators never intended”. Continue reading...
Australia's AI infrastructure ambitions could diversify its economy, create jobs, and position it as a key player in the Asia-Pacific tech landscape. The post Australia aims to become Asia-Pacific’s AI infrastructure hub with A$52 billion push appeared first on Crypto Briefing.
Scottish government to consider SNP national council motion for moratorium on all new datacentres The Scottish government is about to consider a sweeping moratorium on building new datacentres, putting a key plank of the UK’s AI strategy at risk. Last Sunday the Scottish National party (SNP)’s national council passed a motion to freeze all new datacentres in Scotland. That motion has been sent to the Scottish government to consider. Continue reading...