Bonds & Stocks
Wall Street traders bracing for this week’s Federal Reserve decision and results from tech giants valued at more than $10 trillion sent stocks higher as oil fell. The S&P 500 rose 0.4%. The yield on 10 year Treasuries declined two basis points to 4.98%.
Economy
A transformative artificial intelligence boom that sweeps across the global economy will leave some casualties in its wake — at least, that’s the verdict of Citadel co-Chief Investment Officer Pablo Salame. In a rare interview, Salame said the extraordinary capital demand underpinning the AI revolution is clashing with wary lenders unwilling to take on all that risk.
World
Venezuelan opposition leader María Corina Machado returned to Caracas in a surprise move that could pose the biggest test yet to acting President Delcy Rodríguez’s political opening and the Trump administration’s strategy for post-Maduro Venezuela.