The Daily

The US and China are considering a new mechanism that could potentially oversee economic ties and manage bilateral concerns between the two geoeconomic competitors.

“We talked about potentially having even a mechanism with the US and China, almost like what we might call a US-China Board of Trade,” US Trade Representative Jamieson Greer said in Paris Monday.

 » Read more about: US, China Mull ‘Board of Trade’ to Manage Bilateral Economy Ties  »

US diesel rose above $5 a gallon for the first time since December 2022, the latest sign of surging fuel price pressures menacing the global economy as the war in Iran continues to disrupt energy supplies.

The nationwide average retail price reached $5.044 a gallon on Monday,

 » Read more about: US Diesel Tops $5 a Gallon as War Disrupts Supply Chains  »

Investors who are hiding out in energy stocks amid the war in Iran shouldn’t get too comfortable.

That’s the message from several corners of Wall Street, including the research desks at Jefferies Financial Group Inc. and Citigroup Inc., as the war-fueled spike in oil prices extends an already market-leading performance by the energy sector.

 » Read more about: Jefferies and Citi Spot a Potential Top in Soaring Energy Stocks  »

Artificial intelligence is already raising labor productivity and is set to unlock more significant gains in the coming decade, according to Cathie Wood of ARK Investment Management LLC.

Wood, who became a household name by betting on disruptive innovation, said non-farm productivity has risen 2.8% year-over-year, but new AI tools should see this pace pick up to as much as 6% annually.

 » Read more about: ARK’s Cathie Wood Says AI Is Already Boosting Productivity  »

 » Read more about: ‘It will never go to zero’: Just how safe is it to invest in gold?  »

The stock market appears to be on shaky ground of late, as the S&P 500 (^GSPC +0.25%) and the Nasdaq are both down this year. There appears to be considerable apprehension from investors of late, as there’s plenty of uncertainty around the economy,

 » Read more about: Is the Stock Market Due to Crash in 2026?  »

Smaller biotech companies with drugs still in clinical trials are what big pharma is trying to buy, with acquisition offers coming in above 60% to 120% of the stock prices, even though companies don’t have drugs on the shelves. For investors who held shares in those acquired companies, that has meant seeing their stock jump by more than half overnight.

 » Read more about: Biotech Stocks and Longevity Investing: Trends to Track  »

Options are derivatives contracts whose value is derived from an underlying asset, in this case XRP. They give traders the right, but not the obligation, to buy or sell XRP at a s …

 » Read more about: XRP hovers near $14 million options battleground that could sway trading  »

 » Read more about: Cathie Wood's Ark Invest Buys the Dip on Coinbase and Robinhood—Both Now Surging  »

 » Read more about: Dow closes up as diesel tops $5 a gallon ahead of Fed remarks  »