Business
Insurers balked at multibillion-dollar claims tied to OpenAI and Anthropic, industry sources said, deepening investor and market concern about the financial risks of the AI boom.
Amazon offered steep discounts across technology, home and kitchen categories in its Prime Day online sale, with some discounts reaching up to 67% and top products heavily reduced.
Gold topped $4,000 an ounce for the first time on global markets as investors sought safe havens amid a US government shutdown and broader geopolitical and economic uncertainty.
Jeff Bezos warned investors that a speculative bubble had formed around AI stocks and other highly valued asset classes in global markets, drawing comparisons to the 1990s dot‑com bubble.
Banks across Europe faced criticism for profiting by keeping deposit rates low, financing climate-harming activities and exploiting regulatory gaps around non-bank lenders, prompting calls for tougher oversight.
Tesla launched cheaper Model Y and Model 3 variants in the United States, starting around $37,000–$40,000, to revive sales, though critics said prices remained too high.
BMW cut its annual profit guidance, citing weak sales in China and higher-than-expected U.S. tariffs, after reporting higher deliveries, the automaker said.
Across markets, home values rose after interest-rate cuts and wage gains, but growth was uneven, and a study forecast shifting German property winners and losers through 2035.
U.S. stock indices hit intraday record highs on Tuesday before reversing into a broad sell-off in New York after a Federal Reserve report and amid rising AI-related investor fears.
Deloitte agreed to partially reimburse the Australian government after a report for the employment ministry contained fabricated citations, invented rulings and other AI-driven errors, media said.
