Bond Selloff Accelerates, OpenAI Weighs Slowdown, Dutch Village Demolition Fight

Your morning briefing. All the news you need to start your day.On today's podcast:(1) Bond bears are pushing benchmark Treasury yields toward the closely-watched 5% level ahead of US inflation data that stands to determine expectations for a Federal Reserve interest-rate hike next week.(2) Brent oil traded near $108 barrel after fighting between Yemen-based Houthi militants and Saudi-backed forces intensified, stoking fears of deeper supply disruptions as hostilities escalated across the Middle East.(3) European Central Bank officials expect to raise interest rates further, with another increase possible as soon as next month, according to people familiar with the situation.(4) OpenAI is considering slowing down the development of cutting-edge artificial intelligence, and the ChatGPT maker’s Chief Executive Officer Sam Altman is hoping other AI companies will do the same.(5) Billionaire financiers Mark Walter and Todd Boehly are nearing a deal to sell their stakes in Chelsea FC to majority owner Clearlake Capital, according to people familiar with the matter.(6) The Dutch authorities are considering a major expansion of infrastructure in the Moerdijk area, potentially requiring the village's residents to leave and the village to be razed. The expansion is needed to accommodate the Netherlands' changing energy system, with the region's energy needs keeping rising and the demand for grid capacity growing faster than networks can be expanded.Podcast Conversation: Japan’s Rice Balls Are Invading the UK: Howard Chua-EoanSee omnystudio.com/listener for privacy information.