Tag: business news
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Inflation persisted in August, potentially locking in a Fed interest rate hike
The all-items consumer price index was expected to rise 0.4% in August, with core, excluding food and energy, showing a 0.2% gain, according to the Dow Jones consensus.
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Wealthy investors are pouring billions into this new tax strategy despite risks
Total assets invested in so-called tax-aware long-short strategies — or TALS — have surged to more than $170 billion, according to Tax Alpha Insider.
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Sub-$100 smartphones becoming a rarity as AI memory prices soar
The days of the sub-$100 smartphone may be numbered, including in China.
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Why fears of AI self-improvement are causing ‘existential’ concerns at Anthropic and OpenAI
AI researchers are warning that faster AI self-improvement could eventually make advanced systems harder for humans to control.
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Trump dismisses AI extinction risks as more than a dozen OpenAI, Anthropic insiders call for a slowdown
Trump said he isn’t concerned AI could cause human extinction as researchers at leading AI companies warn about rapid advances and lawmakers propose safeguards.
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Shopify has been under pressure this year. Bernstein says the decline is overblown
The bank initiated coverage of the e-commerce company with an outperform rating.
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Treasury yields steady as traders await consumer inflation data amid oil price pressure
Treasurys steadied Friday after surging to multiyear highs, as investors await more economic data.
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A Chinese humanoid startup flips ‘distillation’ claim on OpenAI as it releases a new robotics model
Ant-backed startup JoyIn’s CEO published an article in Chinese that raised questions about similarities between his company’s new model and OpenAI publications.
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China’s global hunt for tax revenue may be just getting started
Beijing’s recent push to tax offshore wealth may be only the opening phase of a broader campaign that could eventually reach overseas properties, inheritances.
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Hassett kept up to $5 million Coinbase stake as Trump reshaped crypto policy
Trump economic advisor Kevin Hassett owned as much as $5 million in Coinbase while serving as the White House’s top economic advisor, his disclosure shows.
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