
Why AI labs are calling for a slowdown
CNBC's Arjun Kharpal discusses the debate around why labs like OpenAI and Anthropic are calling for a slowdown to the pace of development of AI.
Follow the latest financial and economic news, market updates, reports, and analysis on PipVero.

CNBC's Arjun Kharpal discusses the debate around why labs like OpenAI and Anthropic are calling for a slowdown to the pace of development of AI.

Brent crude climbs to $108 a barrel with stock futures lower

The 10-year yield hit a high of 5.041%, as tensions in the Middle East fueled energy-price and inflation concerns, leaving a Fed rate hike on Wednesday looking close to certain.

Health Care sentiment shifted meaningfully during the second quarter of 2026. During the second quarter, the Harbor Health Care ETF (“ETF”) returned 15.30%. Biotechnology was the largest contributor to relative performance during the quarter, with strong stock specific returns from several holdings, driven by clinical data catalysts and M&A activity.

European natural gas prices remained well supported, with the Dutch TTF contract trading down 0.3% at 82.265 euros a megawatt-hour.

US President Donald Trump and Ukraine offered differing accounts of a supposed agreement with Russia to stop attacks on energy infrastructure. Trump blamed the strikes for the surge in diesel prices and posted on social media that Moscow and Kyiv both agreed to stop them.

The complaint alleged Tehran used a network of cryptocurrency actors in China and elsewhere to launder more than $1.5 billion in illicit oil money intended to benefit the Iranian military and the IRGC. The complaint seeks to forfeit $61 million of Tehran's money.

Saudi pipeline disruptions and Hormuz constraints tighten crude supply as WTI and Brent remain bullish, while LNG demand supports natural gas.

With many employees back at their desks, it's now investors' turn to start planning their return to beaten-down real estate investment trusts.

The benchmark 10-year Treasury yield climbed to its highest level since 2007 on Tuesday as a sell-off in U.S. government debt deepened ahead of the Federal Reserve's interest-rate decision.

Rising gas prices, which have pushed up air travel and other costs, could affect more sectors as the Iran war continues. One economist said watch prices for toys and even trash collection for early signs of trouble.

Investors are showing some nervousness over the stock market's AI-led rally after industry leaders called for reining in the pace of development — although some say guardrails could ultimately benefit the AI sector.

The Saudi pipeline outage supports oil prices, while bullish breakouts could lift WTI toward $110 and Brent toward $120.

The Japanese central bank's tone and guidance will be scrutinized for hints on whether it will accelerate tightening further or stick to a gradual approach.

Asian currencies mostly weakened in Asian trade, after the 10-year U.S. Treasury yield surged above 5% on Monday before settling at 4.960%.