Bitcoin bucks tech selloff as AI safety concerns weigh on stocks
Bitcoin rose above $77,000 as calls to slow AI development hit technology shares, while rising oil prices added to market pressure. Source：CoinDesk
Fed rate hikes won’t bring down gas prices. Why the bond market is pushing for them anyway.
The 10year Treasury yield is sitting on the doorstep of 5%, and that’s a warning sign for stocks. Source：MarketWatch
Corporate profit forecasts are topping expectations to an unusual degree. AI is a big reason why.
The informationtechnology sector stands out when it comes to issuing upbeat earnings outlooks. Source：MarketWatch
The price of almost everything on your dinner table is climbing at once — and Wall Street is taking notice
Rising crop prices are making the current inflation problem bigger than just oil and the Iran war. Source：MarketWatch
Fed rate hike is about Wall Street, not inflation, says economist
Goldman Sachs late Friday became the last of the major banks to retract its forecast of no rate hike next week. Source：CoinDesk
Why OpenAI’s Sam Altman says an IPO isn’t in the cards this year
Concerns about AI safety have ramped up, and OpenAI’s CEO says now would be an ‘illadvised’ time for the ChatGPT creator to go public Source：MarketWatch
OpenAI IPO won't happen this year, says Sam Altman
"Given everything happening with safety, right now would be an illadvised moment to go public," OpenAI CEO Sam Altman told Fortune. Source：CoinDesk
Elon Musk backs Anthropic’s call to slow down AI progress before rogue bots take over the entire internet
Leaders of major AI companies say they agree with Anthropic CEO Dario Amodei, who just called for the tech industry to move more slowly with model development.…
Ripple stablecoin chief sees $13 trillion corporate treasury opportunity for RLUSD
Payments and capital markets are driving growth for Ripple's $2.4 billion digital dollar as it looks to bring RLUSD to Europe under MiCA, the firm's Jack…
‘I still don’t have my MRI’: My health insurer canceled my plan without warning. Is that legal?
“It wasn’t an ACA plan, but it was meaningfully cheaper than anything I could find on the ACA exchange.” Source：MarketWatch
Robinhood CEO says companies shouldn't get veto over stock tokens in AMC feud
In a post on Friday, Vlad Tenev said securities issuers should control shareholder rights, but not separate products that track their publicly traded shares.…
Marvell is sitting on an incredibly ‘sticky’ business that could help it unlock a $30 billion opportunity
Marvell is best known for making custom chips — but an analyst notes there’s arguably more potential in supporting components and optical networking.…