Bonds & Stocks
US stock futures rose after strong results from SpaceX eased concerns over whether a global investment spree in artificial intelligence can prove sustainable. S&P 500 futures rose 0.3%. The yield on 10-year Treasuries declined one basis point to 5.10%.
Economy
Billionaire Ken Griffin said investors are “almost certainly” in the midst of an artificial intelligence bubble as many companies are still grappling with just how much they’ll spend on the technology and how it will transform the economy.
World
A measure of French bond risk breached a key level on Tuesday, underscoring the challenges facing the government as it struggles to tame the budget deficit and grapples with cost-of-living protests. The extra yield investors demand to hold French 10-year bonds over safer German debt rose through 150 basis points to reach 154, the widest since Oct.