Posts by Amelia Frost
The Fed Saw a Split Vote In Its Last Meeting. Those Who Favored a Hike Have Come Out To Say Action Is Needed Now
Two Federal Reserve officials who voted in favor of an interest rate hike in this week’s meeting said action is needed now to fend off inflation. They were Cleveland Fed Beth Hammack and Minneapolis counterpart Neel Kashkari. The former said that in her view, the Fed needs to “act to speed the return of PCE…
Read MoreMost Americans Say They Wouldn’t Vote For A Democratic Socialist. Democrats Feel Differently
A majority of Americans say they would not support a democratic socialist for president even as the movement continues to gain momentum within the Democratic Party, according to a new poll. A Washington Post-Ipsos survey found that 55% of Americans would not consider voting for a democratic socialist for president, while 39% said they would…
Read MoreHow Many Pairs of Jeans Do You Really Need?
“I realized I had an excessive amount of denim in my wardrobe when I noticed I was reaching for the same few pairs over and over again,” Xandria says. “If you’re only wearing a pair once or twice a year, it’s probably not earning its place in your closet.” The best reason to buy another…
Read MoreQatar Turned To U.S. Gas As Hormuz Closed. Emergency LNG Purchases Reached About $1 Billion
QatarEnergy significantly increased purchases of U.S. liquefied natural gas this year after exports from Qatar were disrupted during the conflict involving Iran, underscoring how quickly global LNG trade can shift when one of the world’s most important energy corridors is interrupted. The state-owned producer acquired 33 spot LNG cargoes for delivery to customers across South…
Read MoreAn Expert Is Claiming The Governments And Companies Are Racing To Build Artificial Superintelligence. He’s Sounding The Alarm
After trade, chips and technology, a new battle has taken center stage between China and the United States: artificial intelligence. First came the breakout of Chinese company DeepSeek in January last year. Now, Moonshot AI’s Kimi K3 is giving heavily funded U.S. AI giants a run for their money. And the stakes are high. Connor…
Read MoreOpenAI Veteran’s Hedge Fund Implodes After Wall Street Banks Reduce AI Bet Exposure
Ken Griffin, founder and CEO of multinational hedge fund Citadel, speaks during the 29th annual Milken Institute Global Conference at the Beverly Hilton in Beverly Hills, California on May 5, 2026. Patrick T. Fallon/AFP KEY POINTS Situational Awareness was forced to liquidate its public assets to Kenneth Griffin’s Citadel at a steep discount following margin…
Read MoreMicrosoft Surges, Meta Sinks As Investors Demand Returns From AI Spending
KEY POINTS Microsoft shares jumped 10% while Meta tumbled 10% even as both companies devoted considerable resources to AI investments. Microsoft’s 43% surge in Azure revenue and 10 million additional paid Copilot seats offest concerns about $175 billion in fiscal 2026 capital expenditures. Meta CEO Mark Zuckerberg’s responses to Wall Street analysts’ questions about AI…
Read MoreThe Debate About The Cost Of Ai Has Taken Centerstage. OpenAI is Cutting The Price Of Two Models
OpenAI is cutting prices for two of its models as the debate over the technology’s costs takes centerstage. The company said the cost of the Terra model will be slashed by 20% and that of Luna by 80%. CNBC detailed that OpenAI has been under pressure to appeal to a customer base that is more…
Read MoreSouth Korea Revives Its Crypto Tax Plan. Parliament Will Decide Whether It Survives
South Korea is once again preparing to tax cryptocurrency profits, setting up another political battle over investor protection, overseas trading and the future of digital asset regulation. The proposal would impose a 20% national tax on annual crypto gains exceeding 2.5 million won (about $1,740), with an additional local income tax bringing the effective rate…
Read MoreSamsung Says The AI Chip Boom Isn’t Slowing. It Expects Supply To Stay Tight Until 2028
Samsung Electronics says the artificial intelligence boom is far from reaching its peak, warning that tight supplies of advanced memory chips could persist until at least 2028 as technology companies continue expanding AI infrastructure at an unprecedented pace. The South Korean technology giant delivered another record quarter, reporting operating profit of 89.5 trillion won ($118.7…
Read MoreThe Dow Lost 1,000 Points In A Day On Thursday. Here’s How The Index Has Behaved After Throughout History
The Dow Jones Industrial Average suffered another dramatic selloff Wednesday, dropping more than 1,000 points after the Federal Reserve left interest rates unchanged while oil prices climbed toward $85 a barrel, reigniting concerns that inflationary pressures could remain elevated. While a four-digit loss grabs headlines, recent market history suggests these steep declines have often followed…
Read MoreAmazon’s Robotaxis Have Been Approved For Use. Zoox Will Now Begin Charging For Rides
Amazon’s autonomous robotaxis can begin charging people for rides after gaining a series of approvals from the National Highway Traffic Safety Administration (NHTSA). The temporary exemptions granted by the NHTSA allow Amazon’s Zoox to deploy its robotaxis commercially. The exemption allows 2,500 vehicles annually for two years. The exemption will allow Zoox to deploy fully…
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