Tag: business news
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OpenAI boss Sam Altman spells out how and why the AI industry wants to slow down: ‘We could lose control’
OpenAI’s chief has made comments detailing how AI safety frameworks and a slowdown could work, as the industry unites behind concerns.
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Yen appreciation has carry-trade seekers looking at these two currencies
Skip NavigationMarketsBusinessInvestingTechPolitics & PolicyVideoWatchlistInvesting ClubPROLivestreamMenu The Japanese yen’s renewed strength has sent traders to look for other currencies to fund carry trades, with the Chinese
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Shein shares fall 10% amid urgent recall of contact-lens cleaner by Australia, New Zealand
Shein’s Hong Kong-listed shares fell as much as 10%, amid news that a contact lens product has been recalled urgently due to worries of contamination.
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Castles, thermal baths and ‘ruin bars’: How I spent 48 hours in Hungary’s historic capital, Budapest
I explored grand architecture, great food, indulgent spas — and so-called “ruin bars” — in Hungary’s capital city, Budapest.
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LA Clippers owner Steve Ballmer apologizes over team sanctions
Ballmer said that the team is complying with the penalties, has paid the fines, and is “moving forward.”
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Cadbury cut two months off its supply chain lead time for a key chocolate-bar ingredient in one move
Mondelez is expanding its chocolate manufacturing operations in Malaysia, with the company also seeing further room for growth across Southeast Asia.
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Baker Hughes sees no slowdown in energy projects despite higher rates as AI buildouts stoke LNG demand
Baker Hughes has yet to see higher borrowing costs slow investment in major energy projects.
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Z.ai shares tumble over 10% after $5 billion fundraising, its second major raise in two months
Z.ai shares tumbled after the Chinese AI company announced its second major fundraising in two months.
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The 10-year Treasury is closing in on 5%. How it gets there matters more
The 10-year Treasury yield is closing in on 5%, a level last touched in October 2023. Strategists say the drivers behind higher yields are more important.
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Washington scrambles to meet calls for AI guardrails while the window to act closes
The House is scheduled to be sent home in the coming days until after November’s midterm elections, leaving a narrow window to pass any form of AI regulation.
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