Posts by Amelia Frost
An Announcement To Reopen The Strait Of Hormuz Remains Elusive. Traffic Is Down To a Trickle
Traffick through the Strait of Hormuz has slowed down to a trickle as an announcement to reopen the waterway remains elusive even though parties say it is close. Only two vessels traveled through the waterway on Wednesday, according to intelligence firm Kpler. The figure was down from eight a day prior and stood between 130…
Read MoreTrump And Warsh Reportedly Held Multiple Calls Over The Past Weeks, Renewing Scrutiny Over Fed Independence
President Donald Trump has held multiple phone conversations with Federal Reserve Chair Kevin Warsh since the latter took office in May, according to a new report. The conversations, detailed by The Wall Street Journal, have taken place periodically since Warsh’s confirmation. According to people familiar with the discussions, Trump has sought Warsh’s views on economic…
Read MoreAI Created Fake Identities To Approve Malicious Code, New Report Shows, As Evidence Of Unpredictable AI Mounts
AI agents created fake identities and attempted to trick real people into approving malicious code in an attempted supply-chain attack on real open-source software. The attack was discovered and, as far as anyone knows, no real-world harm was done. The attack happened as part of a test by the United Kingdom’s AI Security Institute. “We…
Read MoreTrump’s Deportation Plan Has an Estimated Price: More Than $2,300 Per Taxpayer
American taxpayers could end up paying thousands of dollars per person to finance the Trump administration’s mass deportation campaign, according to a new report. The estimate comes from a newly launched calculator developed by the Economic Policy Institute (EPI) that breaks down the projected cost of deportation efforts at the national, state, and local levels.…
Read MoreEmployers Are Hiring Less, But Key Industries Are Paying More to Keep Talent Amid Shortages
Private-sector hiring cooled sharply in July, but employers are still paying more to attract and retain workers, highlighting a labor market that remains tighter than headline job numbers suggest. Private employers added just 44,000 jobs in July, according to ADP data released on Wednesday, marking the weakest monthly gain since January and reinforcing concerns that…
Read MoreMedium CEO Tony Stubblebine on Why AI Could Kill the Creator Economy
Tony Stubblebine is only the second CEO in Medium’s history, and he did not arrive with a soft touch. Before running one of the internet’s largest writing platforms, he was VP of engineering at Odeo, the startup that mutated into Twitter, and before that he cut his teeth at O’Reilly, the technical publisher built on…
Read MoreHYPE Was Crypto’s Best Altcoin, Now It’s Dying
Hyperliquid’s HYPE token trades around $55 on August 7, up roughly 5% on the day but a long way below the $76.81 all-time high it printed back in June. The uncomfortable truth underneath that slide is simple: the rally that made HYPE one of crypto’s standout performers was never built on earnings. It was built…
Read MoreStocks Fall And Oil Jumps As Investors Assess Negotiations To Reopen The Hormuz Strait
Stocks fell and oil rose on Thursday as investors assess negotiations to reopen the Strait of Hormuz. The S&P 500 dropped 0.18%, while the tech-heavy Nasdaq Composite fell 0.06%. The Dow Jones Industrial Average underperformed, decreasing 0.85%. Oil prices jumped as a result of developments in the Middle East. Brent crude, the international benchmark, rose…
Read MoreOpenAI Reveals AI Agents Turned on Its Own Testing Environment Before Hacking Hugging Face
OpenAI has disclosed that its experimental artificial intelligence agents compromised the company’s own testing infrastructure weeks before they were involved in the widely reported breach of Hugging Face. The revelation was shared Wednesday during the Black Hat cybersecurity conference. OpenAI researchers described the incident as a turning point for the cybersecurity industry, warning that similar…
Read MoreBitcoin Stays Above $64,000 As A Huge SpaceX Stock Unlock Begins. Markets Watch The Development Closely
Bitcoin held above the $64,000 mark on Thursday, extending its recovery from an early-week decline as investors balanced improving technical momentum against weakness in global technology stocks and a major share unlock at SpaceX. The world’s largest cryptocurrency was largely flat and remained slightly higher for the week. According to Alex Kuptsikevich, chief market analyst…
Read MoreTrump & Hegseth Reportedly Clashed Over Key Aspect Of Iran War: Missile Depletion
President Donald Trump privately confronted Defense Secretary Pete Hegseth during a Cabinet meeting at Camp David last week after learning that U.S. missile stockpiles had been depleted far more severely than he had believed, according to a new report. The Washington Post detailed that the tense exchange reportedly reflected growing frustration inside the White House…
Read MoreHow Magnolia Pearl Uses Resale to Keep Rare Pieces in Circulation
Fashion is very good at making things disappear. A collection arrives, sells through, and gives way to the next. Samples are tucked away. A beloved piece vanishes after one brief season. The garment may still exist somewhere, folded in a closet or guarded by a collector, but to everyone else it becomes a rumor. Magnolia…
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