Tag: business news
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Altimeter’s Gerstner blasts researchers voicing AI extinction warnings, questions ‘political agenda’
Brad Gerstner responded to the flurry of AI stories this week after a researcher quit his job at Anthropic, accusing AI companies of “gambling with our lives.”
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Election officials ban certain public workers from trading on prediction markets ahead of midterms
Ahead of the midterms, election officials ban certain workers from using prediction markets to reassure the public they are committed to election integrity.
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AI fears have hit this data stock. Investor Sarat Sethi sees a buying opportunity
Verisk Analytics is a leading data and software provider to the insurance industry, with hard-to-replicate data and a recurring revenue model that make its business difficult to disrupt.
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Surging cloud revenue boosted Oracle’s quarterly results. Here’s what analysts are saying
The software giant reported a surge in cloud infrastructure revenue during its latest quarter. Here’s what Wall Street analysts are saying.
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Bonds are going on tilt. How to play them, says Mike Khouw
Warren Buffett once said interest rates are to asset prices what gravity is to matter. If the options market is correct, things could get heavy, says Mike Khouw.
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Record U.S. cyclosporiasis outbreak is over, CDC says
The largest outbreak, linked to shredded iceberg lettuce from Taylor Farms, sickened more than 12,000 people.
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Consumer outlook plunges in September as inflation outlook worsens
The survey’s headline index hit a level of 47.8, down 7.5% from the August reading and off 13.2% from a year ago.
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August consumer inflation cements Fed rate hike odds. What Wall Street is saying
The print was enough to raise chances of a quarter-point Fed rate increase next week to nearly 86% from 72% on Thursday, according to the CME FedWatch tool.
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UAE plans $46 billion investment in Germany, with data centers a key focus
The UAE plans to invest 40 billion euros ($46.4 billion) in Germany, with data center infrastructure a key part of the package.
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Analysis: Hot CPI puts Kevin Warsh’s Fed credibility on the line before rate decision
August CPI data leave Kevin Warsh to choose between acting on his inflation warnings or risking new doubts about his control of the central bank.
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