What we’re reading (3/11)
“Bond Yields Jump As Oil Prices Rise, Middle East War Outlook Uncertain” (Wall Street Journal). “Yields on U.S. and European government bonds rose sharply on Wednesday as the U.S.-Israel conflict with Iran showed no signs of de-escalation and oil prices remained elevated.”
“IEA Agrees To Release Record 400 Million Barrels Of Oil To Address Iran War Supply Disruption” (CNBC). “The International Energy Agency on Wednesday agreed to release 400 million barrels of oil to address the supply disruption triggered by the Iran war, the largest such action in the organization’s history.”
“Oil Jumps As Iraq Halts Ports, IEA Release Fails To Quell Rally” (Bloomberg). “Brent crude rallied back toward $100 a barrel as Iraq stopped operations at its oil ports after two tankers were targeted, overshadowing a record release of emergency reserves from wealthy nations.”
“Smart Money, Dumb Money, It’s All Just Money” (Wall Street Journal). “For every bit of evidence showing that individual investors do dumb things, there’s at least one showing that institutions do, too.”
“AI Is A Five Layer Cake” (Jensen Huang). “AI is one of the most powerful forces shaping the world today. It is not a clever app or a single model; it is essential infrastructure, like electricity and the internet. AI runs on real hardware, real energy and real economics. It takes raw materials and converts them into intelligence at scale. Every company will use it. Every country will build it. To understand why AI is unfolding this way, it helps to reason from first principles and look at what has fundamentally changed in computing.”
