Posts by Amelia Frost
SoftBank’s SB Energy Files for IPO, But OpenAI Dependence Emerges as Major Risk
SB Energy, the artificial intelligence infrastructure company backed by SoftBank, OpenAI and Nvidia, is preparing to go public even if it’s warning prospective investors that much of its ambitious data center strategy depends on OpenAI. In an S-1 registration statement filed with the Securities and Exchange Commission, SB Energy said it is “substantially dependent” on…
Read MoreYields Stopped Soaring On Wednesday. Stocks Broke a Losing Streak And Climbed.
Stocks snapped a three-day losing streak on Wednesday atter bond yields took a break from their ongoing rout. The tech-heavy Nasdaq Composite gained 0.45%, while the S&P 500 did so 0.46%. The Dow Jones Industrial Average overperformed, increasing by 0.56%. The benchmark U.S. 10-year Treasury hit 4.818% on Wednesday, the highest since November 2023, but…
Read More‘Dolly Parton Nails’ Are Going Viral in Honor of the Late Music Legend
For Dolly Parton, bold nails were more than just a fashion statement; they were a true outlet for creative expression. The late country music legend credited her long acrylic nails as a source of inspiration for her hit song, “9 to 5,” which she wrote on set of her 1980 workplace comedy of the same…
Read MoreInvestors In The Stock Market Should Expect Lower Returns Over The Next Months, Top Bank Strategist Says
Goldman Sachs chief global equity strategist Peter Oppenheimer said equity markets around the world will likely see lower returns over the next 12 months. Speaking to Yahoo Finance, Oppenheimer said that “the S&P 500 and indeed other equity markets around the world have had a phenomenal return over the course of the last year and…
Read MorePalantir CEO Is Betting on The War Tech Of Ukraine’s Ousted Defense Minister
Palantir CEO Alex Karp is backing a new defense technology startup launched by former Ukrainian Defense Minister Mykhailo Fedorov, a venture aimed at turning Ukraine‘s battlefield experience into technology that can be used by Kyiv and allied countries. In a video posted by Fedorov on X, Karp said the venture could transform Ukraine’s wartime knowledge…
Read MoreBeyond the QR Code: Why Cannabis Verification Is Emerging as an Industry Practice
The legal cannabis industry has spent years building trust through licensed cultivation and rigorous lab testing. But as legitimate operators invest in safer products, concerns about counterfeit cannabis have grown alongside the industry. Today’s fake vape packaging is remarkably convincing: logos, colors, materials, even QR codes can closely mirror the real thing. Visual inspection alone…
Read MoreTrump Wants The World To Follow America’s AI Playbook. His Own Team Is Still Fighting Over It.
Washington’s message to other G20 members has been more consistent, with U.S. officials pushing governments to avoid creating broad new regulatory structures for AI. Anna Moneymaker/Getty Images The Trump administration is urging other countries to follow the U.S. lead on artificial intelligence and resist imposing sweeping new regulations, even as disagreements inside the administration over…
Read MoreTwo Democrats Joined Republicans In a Vote. Party Leaders Are Up In Arms.
Without the rule vote, the House would not have been able to bring several bills to the floor for a vote. Two Democrats came to House Speaker Mike Johnson’s rescue with a procedural vote that allowed the House to keep functioning, angering fellow Democrats, particularly party leaders. Without the rule vote, the House would not…
Read MoreBerkshire’s Alphabet Stake Surges to $36.6 Billion. CEO Greg Abel Sees Google as an AI Powerhouse.
Berkshire Hathaway CEO Greg Abel is leaning further into artificial intelligence, calling Google parent Alphabet a “significant player” in the technology after the conglomerate substantially increased its stake in the company during the second quarter. Speaking with CNBC on Wednesday, Abel said Berkshire’s sprawling portfolio of businesses has given the company a firsthand look at…
Read MoreUber To Cut Thousands Of Jobs To Make The Company ‘Simpler And Faster.’ Its Stock Rose
Uber announced on Wednesday that it is set to cut about 10% of its workforce to make the company “simpler and faster.” In a message sent to company employees, CEO Dara Khosrowshahi said the move also seeks to “create more capacity to invest in our future.” Overall, the move will impact some 3,300 employees, considering…
Read MoreMeta Agreed To Pay Up To $18 Billion To End A Major Legal Fight. Investors Are Already Looking Past It.
Meta Platforms’ settlement of a sweeping child-safety case has shifted Wall Street’s attention toward what the company could launch next, with Morgan Stanley pointing to a broad pipeline of artificial intelligence products that may start reaching users after the resolution of one of its biggest legal battles. The Facebook and Instagram parent agreed last week…
Read MoreDiesel Prices Have Surged Back Toward April’s High. That’s Another Problem For America’s Inflation Fight.
U.S. diesel prices have climbed back toward levels last seen during the early months of the war with Iran, adding fresh pressure to transportation and business costs as disruptions in the Middle East and Russia squeeze global fuel supplies. The nationwide average retail price reached $5.688 a gallon on Wednesday, just below the April peak…
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