What’s with Wall Street’s weird selloffs?
The AI threat to white-collar work has wiped billions from stocks ranging from wealth management to insurance
FT News Briefing · Forhecz Topher
Audio is streamed directly from the publisher (sphinx.acast.com) as published in their RSS feed. Play Podcasts does not host this file. Rights-holders can request removal through the copyright & takedown page.
Show Notes
Cross-border EU banking deals reached their highest level since the 2008 financial crisis, and regulation reversals are hitting global electric-vehicle makers. Plus, soaring gold prices are affecting insurance coverage for precious metals storage, and how to make sense of recent AI-induced selloffs on Wall Street.
Mentioned in this podcast:
EU cross-border banking deals jump to highest since 2008 crisis
End of EV euphoria triggers $65bn hit for carmakers
Soaring gold price forces vaults to reduce insurance cover
Wall Street hunts next casualty from AI threat to white-collar work
Wall Street’s anything-but-tech trade shakes up US stock market
Credit: White House
Note: The FT does not use generative AI to voice its podcasts
Today’s FT News Briefing was hosted by Victoria Craig, and produced by Sonja Hutson. Our show was mixed by Alex Higgins. Additional help from Peter Barber. Our executive producer is Topher Forhecz. Cheryl Brumley is the FT’s Global Head of Audio. The show’s theme music is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.