<p>Nobel Prize–winning economist Daron Acemoglu warns that multiple factors are driving a labor-replacement model, with potentially dire consequences for society.&nbsp;</p>

The rush to boost production of memory chips to meet fast accelerating demand from artificial intelligence will add to the semiconductor sector’s climate footprint and risks lifting costs of managing emissions.

Micron Technology Inc. warned that it will need to spend heavily on production to meet burgeoning demand, overshadowing a generally upbeat forecast from the largest US maker of computer memory chips.

Bloomberg Television brings you the latest news and analysis leading up to the final minutes and seconds before and after the closing bell on Wall Street. Today's guests are Doubleline Capital’s Ken Shinoda, Wedbush Securities’ Matt Bryson, Former Federal Reserve Vice Chair Lael Brainard, Edward Jones CEO Penny Pennington, SEC Corporation Finance Division Director James Moloney, & Former FDIC Chair Sheila Bair. (Source: Bloomberg)

Colombian presidential candidate Paloma Valencia said that investments in oil, natural gas and mining can lift its people out of poverty.

Federal Reserve Chair Jerome Powell said he plans to stay at the central bank until a Justice Department investigation into him and the central bank is complete.  “I have no intention of leaving the board until the investigation is well and truly over, with transparency and finality,” Powell said Wednesday at a press conference. The comments marked the first time Powell has given any public indication about how the DOJ probe might affect his plans to remain at the Fed. Greg Peters, Co-Chief Investment Officer of Public and Private Fixed Income at PGIM, said the news moved markets  (Source: Bloomberg)

Oil rose after attacks on some of the Middle East’s most important energy facilities, raising concerns of a more severe impact from the almost three-week-old conflict.

Asian equities faced early declines on Thursday after signs of escalating tensions in the Middle East drove oil prices higher and weighed on US stocks and bonds.

The Federal Reserve has been signaling for months that further interest-rate cuts were far from guaranteed.

Gold steadied after tumbling nearly 4% in the previous session, as the Federal Reserve warned that the Middle East war and surging energy prices could stoke inflation.