It Really Is Possible to Spend Too Much on AI

Spot gold prices have edged higher amid rising expectations for a Federal Reserve interest rate cut, following dovish comments from policymakers, as reported by ANZ. This upward movement reflects a growing sentiment among investors seeking safe-haven assets in uncertain economic conditions.

Intel has denied allegations from TSMC that one of its executives leaked trade secrets, a claim that could have significant implications for both companies in the competitive semiconductor industry. Intel's response aims to protect its reputation and maintain trust among its partners and customers.

Campbell's has terminated an executive following a leaked recording in which he criticized the company's ingredients and disparaged customers as 'poor.' This incident has raised concerns about the company's reputation and the health implications of its products.

The WSJ Dollar Index fell by 0.21% to 97.02, marking the second consecutive loss for the dollar. This decline reflects ongoing volatility in the currency markets, as traders react to various economic indicators and sentiments.

U.S. stock indexes continued their upward trend for the fourth consecutive session, buoyed by optimism surrounding potential interest rate cuts and renewed interest in technology stocks, particularly in the AI sector. The Nasdaq composite rose by 0.8%, while the S&P 500 increased by 0.7%.

U.S. Treasury yields remained mixed as markets approach the holiday season, with traders increasingly betting on a potential interest rate cut by the Federal Reserve in December. This sentiment reflects a cautious optimism among investors amid ongoing economic uncertainties.

The Federal Reserve's latest report indicates a struggling job market and moderate inflation as of November, highlighting the challenges faced by central bank officials in their upcoming decisions. This report reflects ongoing economic pressures that complicate the Fed's dual mandate of managing inflation and unemployment.

Campbell's has terminated executive Martin Bally following the release of a leaked recording in which he made disparaging remarks about Indian co-workers and labeled the company's products as 'highly processed food' for 'poor people.' The comments have drawn significant backlash and led to an internal investigation.