AI-resistant ‘halo’ stocks drive UK and EU markets to record highs

Investors shifting to ‘heavy-asset, low-obsolescence’ companies insulated from disruption, says Goldman Sachs

Jack Dorsey to cut 4,000 jobs due to AI advances at Square parent Block

Shares in company increased over 20% as investors were encouraged by CEO’s assertion that cuts will drive profits

Rolling coverage of the latest economic and financial news

The UK will phase out traditional home phones by 2027, but the switchover has been stressful for some. How do you feel about the change?

Firm, which has announced record profits and £9bn share buyback, has £3bn project for smaller commercial planes

Group aims to be ‘simpler, lower-cost, AI-enabled business’ and achieve £500m of annual savings by 2028

Some say the technology is devaluing their work, while others reckon it is not yet – and might never be – good enough to replace them entirely

Chipmaker’s quarterly earnings surpassed Wall Street’s expectations every quarter for multiple years

Axon sees ‘major opportunities’ as Congress proposes $20m for ICE body cameras but data privacy experts warn of risks

Shares in Uber, Mastercard and American Express fall on back of apocalypse scenario posted on Substack

New constructions delayed or cancelled, raising questions about US’s ability to expand infrastructure to support boom

Facebook owner’s investment described by semiconductor company as ‘big bet’ on artificial intelligence

Internal investigators said at least two accounts allegedly saw $1.7bn move to Iranian-backed groups

Ofgem says about 140 proposed projects, driven by AI use, could require more power than current peak demand

Amid talk of artificial intelligence taking our jobs, the big unasked question is: how will we be fed?