JP Morgan raised its price target on ConocoPhillips (COP.N) to $142 from $139.

Bank of England Governor Bailey said a hacking incident demonstrates the need for deeper understanding of frontier AI models.

BofA flags buying opportunities in the Korean won and New Taiwan dollar after an AI-related equity selloff. Claudio Piron, head of Asia FX and rates strategy at BofA Global Research, said both currencies fell with AI-linked stocks but large current-account surpluses provide strong support for long positions. He noted the Taiwan dollar has the highest correlation with AI ETFs among Asian currencies, so its recent weakness looks like forced deleveraging and position squeezes rather than deteriorating fundamentals. Piron added the dollar-strength narrative tied to U.S. exceptionalism and the AI boom has temporarily faded. BofA sees USD/KRW near 1330 by year-end and about 1300 next quarter.