“Is there an AI bubble?” is such a tired thought. Here’s something altogether more wired: The AI boom is paying off, but not in a way that the current equities market has accounted for. The success of the technology in one area of the economy could make the bubble real in another, more precisely. In
NEW YORK — Analysts are expecting major oil companies to report raking in large spring profits while fighting between Iran and the U.S. impeded petroleum shipments and consumers around the world paid more for fuel and confronted shortages. The conflict, now in its sixth month, halted most shipping through the Strait of Hormuz, a narrow
Ryanair’s profits have fallen sharply as the war in the Middle East sent jet fuel prices soaring and customers became reluctant to book flights. The Irish airline’s pre-tax profits fell 34% to €593m (£503m) between April and June, while sales remained stable as the company was forced to cut fares to stimulate demand. Ryanair also