Global markets, led by tech stocks, have reached record highs fueled by AI enthusiasm. Investor Paul Tudor Jones likens AI’s current stage to Microsoft’s early dominance and the internet’s commercialization, predicting another year or two of growth. However, he warns of a significant market downturn akin to the dot-com bubble’s aftermath.
Oil Price Today (July 8): Crude oil tops 5% in two days as ‘powerful’ US strikes on Iran revive supply fears. What’s unfolding?
Brent crude futures climbed $1.62, or 2.16%, to $76 a barrel, while U.S. West Texas Intermediate crude gained $1.63, or 2.31%, to $72 a barrel.