The yield on two-year US Treasury bonds extended an overnight decline, falling to 4.11 per cent in early Asian trading, its lowest level since May 2023, as markets increased bets on Fed rate cuts amid fears of a US recession. As of press time, interest rate futures showed that the market priced the Fed to cut interest rates by 87 BP this year, 13 BP away from a bet of four rate cuts this year. With three more meeting windows to cut interest rates this year, the probability of the Fed cutting int...
Nintendo's president said Tuesday that the company has confirmed that it will not include artificial intelligence-generating technology in its games due to intellectual property concerns. Nintendo President Shuntaro Furukawa said during a Q & A session with investors that while generative artificial intelligence has become increasingly popular, the company has no current plans to use it in upcoming games. "We have decades of expertise in creating unique gaming experiences...