EconomyDalio Warns of AI Bubble as Hormuz Attacks Lift Oil

Billionaire Ray Dalio said artificial intelligence is a “classic bubble” nearing a burst, pressured by higher interest rates and the need to convert wealth into cash. Rising tanker attacks in the Middle East pushed oil prices higher, halting a stock rally and sending global bonds lower. S&P 500 futures were little changed, while Europe’s Stoxx 600 fell 0.6%.