AI continues to pressure power prices

Largest U.S. grid operator hits power price limit at an auction.

Walmart's People Chief Says These 10 Jobs Are Still Hot in the Age of AI

Walmart's Donna Morris says large employers should demonstrate optimism about the continued need for people, even as tech disrupts all sorts of jobs.

Chipmaker TSMC to invest another $100bn in US production

Total commitment rises to $265bn as world’s leading supplier of semiconductors lifts revenue forecasts and spending

Uber agrees €13bn deal to acquire Delivery Hero

German food delivery group will spin off Turkish and some European operations to New York-based SSW Partners

Downing Street calls in private equity bosses amid London listing woes

Government wants to encourage UK IPOs of portfolio companies as FTSE exodus continues

Goldman Sachs settles for junior roles on trio of UK deals

Wall Street bank cements position on top of league tables, but rivals have taken top billing on recent deals including ITV

IBM’s profit warning shows tech valuations are all in the timing

There is a case for believing AI revenue will grow more slowly than the hyperscalers have baked into their plans

US hits tanker heading for Kharg Island under renewed Iran blockade

Military clashes over control of Strait of Hormuz threaten global oil supplies

SpaceX sell-off wipes $1tn from Elon Musk’s rocket group

Stock trades below $135 for first time since AI and space conglomerate’s Wall Street debut in June

Oil traders warn market is close to running on empty as Hormuz shuts again

Stockpiles that acted as shock absorbers early in Iran war are running low as crucial waterway closes again

AI Should Give Rise to an Ownership Economy

To achieve the American Dream, it is no longer enough to work from nine to five. For too many years, wealth has primarily accumulated in assets, rather than in wages.

Warsh: AI spending may lift prices without fueling lasting inflation

Fed officials debate whether the AI boom will add to inflation before its potential productivity gains arrive.