What’s with Wall Street’s weird selloffs?

Cross-border EU banking deals reached their highest level since the 2008 financial crisis, and regulation reversals are hitting global electric-vehicle makers. Plus, soaring gold prices are affecting insurance coverage for precious metals storage, and how to make sense of recent AI-induced selloffs on Wall Street.

Mentioned in this podcast:

EU cross-border banking deals jump to highest since 2008 crisis

End of EV euphoria triggers $65bn hit for carmakers

Soaring gold price forces vaults to reduce insurance cover

Wall Street hunts next casualty from AI threat to white-collar work

Wall Street’s anything-but-tech trade shakes up US stock market

Credit: White House

Note: The FT does not use generative AI to voice its podcasts 

Today’s FT News Briefing was hosted by Victoria Craig, and produced by Sonja Hutson. Our show was mixed by Alex Higgins. Additional help from Peter Barber. Our executive producer is Topher Forhecz. Cheryl Brumley is the FT’s Global Head of Audio. The show’s theme music is by Metaphor Music. 

Read a transcript of this episode on FT.com

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