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- It is no Great Society measure, but the new law offers local governments and builders incentives to make incremental changes.
- The external advisers Federal Reserve Chairman Kevin Warsh tapped to lead the central bank’s five new task forces lend credibility to his efforts to rethink how the institution communicates and implements policy, according to economists and analysts who follow the Fed closely.
- The 10-day window for the president to either sign or veto the measure expired Saturday—and then it automatically became law.
- US groups have been supplying AI services to Singapore-based subsidiaries of Alibaba, Baidu and Tencent
- Boeing Co. formally opened its fourth 737 Max assembly line near Seattle on Friday, as the US planemaker looks to cash in on its growing backlog, though output from the factory will initially be at a low rate.
- In a crowded market for AI tools, Mark Zuckerberg wants to win on price.
- Micron Technology Inc. plans to increase its spending on new plants in the US to $250 billion to help meet unprecedented demand for its memory chips fueled by the global artificial intelligence boom.
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- Starbucks Corp. is developing in-house tools with the help of artificial intelligence that could replace some software applications it now buys from companies such as Microsoft Corp. and International Business Machines Corp.
- SK Hynix Inc. is telling investors it intends to price its US listing at $149 per American depositary receipt, according to people familiar with the matter, despite recent volatility in the Korean memory chipmaker’s shares.
- Descendants of Cal-Maine founder sold controlling stake near a record high after what authorities said was an effort to rig the market
- Pushback to the tech group’s politics may threaten the core of its $330bn business
- Tech companies need to come clean about the mounting environmental fallout of their race to build more hubs
- Lockheed Martin Corp. agreed to buy naval defense business Ultra Maritime, which focuses on submarine detection systems, for $3.45 billion as the US defense giant broadens its undersea weapons portfolio.
- Investors’ artificial-intelligence worries weigh on efforts to exit software holdings.
- Microsoft Corp., looking to reduce AI costs, is starting to replace OpenAI and Anthropic with its own models in software products like Excel and Outlook.
- If Meta does rent out excess compute, it could signal that big tech has overbuilt.
- Exploring the OPEC of memory
- When the crash comes, stabilising markets will be easy compared with reordering society for AI, writes short-seller Carson Block
- The market bested us. But for The Economist, there is no shame in that
- Comcast Corp. plans to spin off NBCUniversal and Sky, unwinding a strategy that began more than a decade ago after struggling to demonstrate that a cable and media conglomerate would benefit shareholders.
- Move would test whether group can turn sky-high ambition into a mass-market phone business
- Inside a Walt Disney Co. research and development lab, supported by some heavy-duty scaffolding, sits a wooden manta ray prototype roughly the size of a car. If all goes according to plan, the final version will be able to transform into the Gramma Tala character from Moana, used at a lagoon in a Disney park sometime soon. Down the line, the company will add a fleet of dolphin-like robots to the experience.
- Restructuring would remove close to one in six workers and rank among biggest corporate lay-offs of all time
- After years of legal setbacks that have cost billions of dollars over its top-selling Roundup weedkiller, Bayer AG finally got a resounding win in the biggest tribunal of all.
- Research finds that while large-language models may work well initially, they don’t outperform the market over long periods and in changing conditions
- JPMorgan Chase & Co. named Troy Rohrbaugh and Doug Petno co-presidents as the abrupt departure of consumer banking chief Marianne Lake marked another twist in the race to succeed Chief Executive Officer Jamie Dimon.
- Apple Inc. shares fell after it raised prices of all Macs, iPads, home devices and the Vision Pro on Thursday, seeking to offset cost hikes caused by an unprecedented shortage of memory chips and storage.
- Hedge fund manager Lee Robinson notched a 900% gain during the global financial crisis by turning a $20 million position into $200 million with timely bets against the US subprime mortgage sector.
- The Energy Department will let utilities tap government funds to kick-start reactor orders.
- Apollo Global Management Inc. is once again limiting withdrawal requests from its largest non-traded private credit fund for retail investors, as broader concerns about the asset class persist.
- Longstanding Federal Reserve chair was lionised in office — but his legacy was reassessed in the financial crisis
- For 19 years, he piloted the U.S. economy through global upheaval. Critics faulted his hands-off approach to financial regulation.
- Blackstone-led consortium to take over software company and inject $150mn to help cut its debt load
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- SpaceX criticized the European Union’s plans for the distribution of satellite spectrum, a key element in the growth plans for the Elon Musk-led company’s Starlink service following its record-setting initial public offering.
- Analysts expect high withdrawals to last more than year, increasing risk of forced liquidations
- Amazon.com Inc. is in talks to sell its custom-made artificial intelligence chips for use in other companies’ data centers, a key expansion of its efforts to cut into Nvidia Corp.’s dominance.
- Accenture Plc said it’s expecting to reel in less revenue in the coming months, as artificial intelligence upends the consulting services industry and clients paused business due to the conflict in the Middle East.
- Fried, served with a burger-style garnish – there’s a dozen new ways to eat them
- It was 180 degrees off the hot trade on Wall Street.
- AI tools and changes to contracts for 19,000 sales agents appear to be a response to the insurer’s eroding status in the industry.
- Bosses are falling out of fashion. What should these jobs look like?
- The US and Iran are expected to formally sign a memorandum of understanding on June 19 in Switzerland, paving the way for 60 days of talks aimed at ending their war for good and putting strict new limits on Iran’s nuclear program.
- Manage SpaceX IPO inclusion volatility across the Nasdaq-100, S&P 500, and Russell 1000 indices using liquid CME Group equity futures and BTIC functionality.