(Bloomberg) -- Oil eased at the start of the week, with investors weighing concerns that a global slowdown will drag down demand against supply interruptions and signs of persistent market tightness.Most Read from BloombergBezos Slams Biden Over Call for Lowering of Gas PricesUS Court Ruling May Take 70,000 Truckers Off Road, Spur JamsLong, Moderate and Painful: What Next US Recession May Look LikeJPMorgan Sees ‘Stratospheric’ $380 Oil on Worst-Case Russian CutJPMorgan’s Aronov Ignores the ‘Cash
The White House and Jeff Bezos have renewed their spat over Joe Biden’s management of high inflation as the Amazon founder criticised the US president for calling on companies to cut prices at filling stations. Later that day, Bezos tweeted in response that inflation was “far too important a problem for the White House to keep making statements like this”.
Technology stocks have taken it on the chin lately as some investors have left the sector looking for seemingly safer bets. Here's why Amazon (NASDAQ: AMZN) and Nvidia (NASDAQ: NVDA) are two tech stocks perfectly positioned in the AI space. You may think of Amazon as an e-commerce company, but one of the driving forces behind the company's online store is artificial intelligence.