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- The Telegraph
Microsoft creates top secret AI tool for US spies
Microsoft has developed artificial intelligence that can be used by American spies, deeming it safe because it is completely divorced from the internet.
- Benzinga
Asia Mixed, Europe Advances, Crude Trades Below $80 - Global Markets Today While Us Slept
On Monday, May 6th, U.S. stock markets closed higher for the third consecutive session, fueled by increasing investor optimism about potential Federal Reserve interest rate cuts this year. In economic data, U.S. employers added 175,000 nonfarm jobs in April, down from March’s revised 315,000 and below the expected 238,000. The unemployment rate rose to 3.9%, higher than the anticipated 3.8%. Most S&P 500 sectors closed higher, with the energy index leading the gains, partly driven by U.S. natura
- Reuters
WRAPUP 1-CICC, Citic, JPMorgan cut investment banking jobs in China as deals stall
Two Chinese companies and JPMorgan have become the latest banking groups to cut jobs in China as a slow recovery in listing and dealmaking activities force them to ramp up cost controls, six sources with knowledge of the matter said. Beijing-based China International Capital Corp (CICC) is planning to reduce its investment banking headcount by at least 10% this year, two people with knowledge of the matter told Reuters.
