Why AI Makes Central Banking Tougher

AI is blurring the usual indicators that central bankers rely on to set policy, a new paper from the Bank for International Settlements finds.

Wildfire evacuations hurt France’s oyster capital

About half of shellfish farms in Cap Ferret affected, according to industry officials

Ferrari hits 2026 sales target for polarising Luce EV within two months

Italian carmaker reports strong demand from China for electric model derided for its unconventional design

Investors cool on red-hot chip stocks

Market psychology over AI appears to have shifted.

Tech rout roils markets after SK Hynix profits disappoint

South Korean chip giant misses analyst expectations but insists risk of memory oversupply remains ‘limited’

When a 1,200 percent profit boost isn’t good enough.

Poor SK Hynix. Despite the memory-chip maker posting record net profit, the stock fell by as much as 18 percent when its revenue haul (also a record) failed to meet the lofty expectations set by the AI hype cycle. The results won’t help investors worried that the AI bubble’s about to pop.

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Bank of England probes Asian equity risk at prime brokers

Regulator to review exposure to AI sector at hedge funds and other clients of investment banks operating in UK

Bags or baubles? How AI wealth divides luxury stocks

Richemont looks better placed than LVMH if the technology creates a K-shaped economy

Sea and be seen

There’s a fine art to looking the part for a day trip to the beach at the height of an American summer

Hedge funds face demands to stump up collateral as AI stocks tumble

Scale of losses in recent weeks sparks growing risk aversion on Wall Street

Apple tops $5tn valuation for first time

Tech giant gains due to its lack of huge spending on AI and as investors seek havens from sell-off in chip sector