How Will AI Pay Our Bills?
The US central bank cut its policy rate on Wednesday, and US mortgage rates rose. Layoffs are surging, and loan delinquencies are driving a repo boom not seen since the 2009 recession.
WTI Oil Prices Fell Below $60 A Barrel Again
On Thursday, WTI oil prices fell below $60 a barrel. Demand prospects remain subdued, and major producers continue to increase output.
