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Trump pushes Fed for lower rates, but consumers may be better off with a hike, experts say
President Trump urges the Federal Reserve to maintain or cut interest rates ahead of its September meeting, but economists argue rate increases may better serve consumers by controlling inflation.
Where investors avoiding bonds in brutal selloff are finding new income sources
Facing bond market uncertainty and rising rates, investors are exploring alternative income sources including insurance-linked securities, dividend stocks, REITs, and master limited partnerships, though each carries distinct risks.
Lululemon stock plunges 20% on disappointing earnings and outlook
Lululemon shares fell 20% in premarket trading after the apparel retailer reported declining revenue and comparable sales, along with significantly reduced full-year guidance.
Oil Prices Fall to 11-Day Low as Investors Assess US-Iran Diplomacy and Saudi Exports
Oil prices fell to 11-day lows Monday as investors assessed potential US-Iran diplomatic talks during UN General Assembly meetings and rising Saudi crude exports through alternative routes.
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Many GOP candidates still echo Trump’s 2020 claims. Lots of voters want to move on
Republican candidates continue referencing Trump’s 2020 election claims while running in competitive races, though some GOP voters express fatigue with the topic and prefer candidates focus on current issues.
Inside Meta’s push to put robots to work in data centers
Meta is testing robots from multiple vendors to perform data center tasks like cable installation and server resets, potentially reducing labor needs as AI infrastructure spending accelerates.
Allowing AI firms to collude to ‘pace the frontier’ is a dangerous proposition
AI industry leaders propose coordinating to slow development pace and set safety standards, but critics warn this amounts to seeking antitrust exemptions without credible safeguards or enforcement mechanisms.
‘Godfather of AI’ says tech regulation is nearing Covid-style pivot moment
Yoshua Bengio, a prominent AI researcher, says governments are nearing a critical decision point on AI regulation similar to the Covid pandemic response, citing recent safety incidents as catalysts for action.
Albanese government considers ‘world-leading’ ban on smart glasses in public offices and buildings
Australia’s government is considering a ban on smart glasses in public offices and service centres, with local councils already restricting the technology over privacy concerns.
Meta ordered to remove UK deepfakes as oversight board criticises ‘inadequate’ safeguards
Meta’s oversight board ordered the tech company to remove deepfake videos of a UK politician and Muslim woman, citing “inadequate” safeguards against AI-generated fake imagery used for harassment.
Amazon doesn’t trust Meta’s Muse AI agent
Meta’s Muse AI agent has been blocked from shopping on Amazon, with the e-commerce giant citing unauthorized access and privacy concerns over the agent’s browsing and credential-handling practices.
U.S. auto market predictions for 2030: More hybrids, no Chinese entrants
A new automotive analyst report predicts Chinese cars will not enter the U.S. market by 2030 due to tariffs and political resistance, while hybrid vehicles are expected to surge to 34% market share.
American Airlines says 30% of seats drive half of revenue as premium cabin rush heats up
American Airlines reports that 30% of its seats generate half its revenue, prompting the airline and competitors to reconfigure planes with more premium cabins to capitalize on higher-spending passengers.
NASCAR CEO Steve O’Donnell talks growth opportunities, possible international expansion
NASCAR CEO Steve O’Donnell highlighted the company’s momentum through streaming partnerships and an upcoming “Days of Thunder” sequel starring Tom Cruise, while expressing openness to international expansion.
Netflix content chief Bela Bajaria defines event strategy as streamer eyes more live sports
Netflix Chief Content Officer Bela Bajaria outlined the streamer’s live sports strategy as focused on creating “event” moments, drawing comparisons between tentpole NFL games and cultural moments like concerts and world championships.
Barclays workers ask for more money to return to the office
Barclays is requiring staff to work in the office at least three days weekly starting next month, prompting union demands for concessions including exemptions and compensation for travel costs.