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Indian markets mirrored global trends as US stocks dipped, pressured by rising oil prices and Treasury yields, despite Nvidia's stellar earnings. While AI enthusiasm cooled, a resilient US economy and strong export data from Japan offered some bright spots. However, concerns over geopolitical tensions and inflation persisted, impacting investor sentiment.

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Escalating tensions in the Strait of Hormuz have triggered a surge in US fuel prices, pushing inflation to a three-year high and eroding wage gains. While the US economy has shown resilience with steady consumer spending and job growth, persistent inflation threatens household budgets and consumer sentiment, with higher bond yields signaling deeper economic worries.

Generative software is reducing entry-level roles, causing anxiety for young professionals. While some fear job collapse, leaders like Goldman Sachs CEO David Solomon believe automation will free workers for complex tasks, leading to an evolutionary leap. However, critics warn of a trap if automation only replaces jobs without creating new value, potentially leading to lower participation and meaningless roles.

Canada's economy unexpectedly contracted by 0.1% in the first quarter, marking two consecutive quarters of decline and sparking debate over a technical recession. Prolonged U.S. tariff uncertainty and geopolitical headwinds have impacted business investment and driven up domestic prices, though some economists dispute the recession label due to a lack of widespread weakness.

The traditional career ladder is shifting. Automation is impacting entry-level jobs, increasing competition. Young professionals face new challenges. TIAA CEO Thasunda Brown Duckett offers strategies for success. These include continuous learning, embracing unique backgrounds, and building opportunities for others. This approach helps navigate a dynamic workforce and build lasting careers.

Samsung Electronics has averted an 18-day semiconductor strike by reaching a tentative deal with unions, promising employees average bonuses of around $338,000. This profit-linked system, tied to long-term targets, comes as AI demand boosts chip profits. However, a shareholder group plans legal action, deeming the agreement requires their consent.

Pope Leo XIV and Prime Minister Modi share a striking alignment on AI governance, emphasizing human-centric development over technological dominance. Both leaders advocate for ethical frameworks, inclusivity, and ensuring AI serves humanity's welfare, not its reduction to data or profit. Their shared vision underscores a growing global consensus for accountable AI.

Engineering remains a powerful career option, but AI has changed its terms. Routine coding is getting automated, entry-level work is being compressed, and the old B.Tech-to-job promise looks less secure. The opportunity now belongs to students who combine fundamentals, AI fluency, domain understanding and judgement — not those who treat engineering as just another coding degree.

Tech's obsession with all-nighters is being challenged by Kevin O'Leary, who calls sleep deprivation a liability for investors. Studies show chronic fatigue costs billions in lost productivity, as overworked minds hinder innovation. Experts now advocate for smart work, prioritizing health and focusing on high-impact areas like AI solutions for small businesses, proving ambition and balance can coexist.

Gen Z professionals are increasingly opting for entrepreneurship over traditional 9-to-5 jobs, driven by a competitive job market and a desire for flexibility and independence. AI tools and lower living costs in emerging hubs are facilitating this shift, with many young founders finding self-employment more fulfilling than waiting for formal recruitment.

JP Morgan Chase CEO Jamie Dimon is reconsidering a multibillion-dollar London office project due to the UK's political climate, warning of potential withdrawal if a future government proves "hostile to the banks." Despite this, Dimon expressed support for Keir Starmer and Rachel Reeves, advocating for closer UK-Europe ties post-Brexit. Political instability surrounding Starmer's leadership is also impacting UK bond markets.

Moody's chief economist Mark Zandi warns of a 40% recession risk in the US within a year, citing 'counterproductive policy choices' like tariffs and restrictive immigration. He suggests abandoning these policies, ending the Iran war, and letting the Fed maintain steady interest rates could avert a downturn, despite slowing job growth.