Economy

Today's stock market
The stock market in the red after a fall in the US - big banks losers

The Stockholm Stock Exchange retreats after renewed interest rate worries lower Wall Street on Thursday. However, the decline has moderated somewhat and at 2:20 p.m. it looks like this:
• OMXSPI: −0.5%
• OMXS30: −0.8%
SEB writes in its morning letter that yesterday's strong US PMI lowered the market's belief in lower interest rates from the Fed in the near term.

Millicom confirmed late on Thursday evening that it had received a non-binding expression of interest from major owner Xavier Niel's company Atlas. However, a cash bid must not yet be submitted according to the telecom company. The share is traded up 1 percent.

During the morning, Barclays has dropped its buy stamps on Swedbank and Handelsbanken, which are both retreating around 1.5–2 percent. The British bank has also sold SEB, which falls by more than 2 percent.

HSBC has in turn raised SKF to hold, from earlier downgrade. The stock trades around zero.

Cantargia traded volatile upwards on information that the company's nadunolimab can counteract chemotherapy-induced neuropathy.

The New York stock exchanges yesterday
S&P 500: -0.7%
Nasdaq: -0.4%
Dow Jones: -1.5%

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Musk on AI: None of us will have a job

Artificial intelligence will probably take all of our jobs, but that doesn't have to be a bad thing. That's what entrepreneur Elon Musk says at a tech conference, according to CNN.

The Tesla manager believes that work in the future will be "voluntary", and that whoever wants to can have it as a kind of hobby.

- But otherwise AI and robots will provide all the goods and services we want.

In order for the transition to work, some type of "universal high income" must be introduced, says Musk, without going into what that could look like.

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Financiers bought 1,000 companies and sold to criminals

Together, three financiers bought over 1,000 well-run joint-stock companies, emptied them of their contents and then resold the shell to, among other things, criminals. A trial in the case is now underway in the Stockholm district court, reports P4 Stockholm.

- Those who buy the companies live on someone else's merits, says prosecutor Natalie Müntzing.

The men are said to have sold the companies on to, among other things, people with gang connections and international leagues, with knowledge of their criminal activities. The companies are then said to have been used for, among other things, fraud, money laundering and tax crimes. 

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The US is helping Africa double access to the internet

The United States enters into a new collaboration to increase access to the internet on the African continent. This is stated by Vice President Kamala Harris, according to AP.

Currently, 40 percent of the population has access to the internet, a figure that will double to 80 percent by 2030.

The announcement comes in connection with Kenyan President William Ruto's state visit to Washington.
Foreign investments in Africa min