Treasury Yields Hit 24-Year Peak, Wall Street Edges Higher and AI Experts Targeted by Hackers: What’s Going On Today
Markets
A global bond selloff deepened on October 1, pushing US Treasury yields to a 24-year peak, Reuters reported. The pressure extended across bond markets as investors reassessed borrowing costs.
US stocks recovered from early losses to finish slightly higher on Thursday, Reuters reported, with the S&P 500 bouncing from a steep intraday decline. The rebound came as Treasury yields receded from their session highs, even as European shares closed at three-month lows under pressure from rising yields.
Tech
Chinese hackers impersonated a former US official in an effort to steal emails from AI experts, Reuters reported on October 1, citing cybersecurity firm Proofpoint. The campaign targeted fewer than 10 people across a handful of organizations, according to Proofpoint.
California Attorney General Rob Bonta issued an investigative subpoena to OpenAI as part of a broader inquiry into AI cybersecurity risks, Reuters reported October 1. The inquiry adds to growing scrutiny of the security implications of advanced AI systems.
Sources
Reuters.
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