Welcome to the award-winning Money Distilled newsletter. I’m John Stepek. Every week day I look at the biggest stories in markets and economics, and explain what it all means for your money.
Is the AI bubble bursting?
Following yesterday’s eight o’clock “emergency fiscal narrative reset” speech by UK chancellor Rachel Reeves, the FTSE 100 opened a bit lower.
Several non-markets pundits suddenly took an interest in stocks and declared that this was the chancellor’s fault. However, much as I can’t say I was impressed by the talk — which was mostly Reeves’ way of telling us that her manifesto promises on ...
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