Posts by Amelia Frost
Amazon’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…
Read MoreAI Star Leopold Aschenbrenner Built A $45 Billion Hedge Fund. Weeks Later It Has Been Forced To Unwind Bets
The hedge fund founded by former OpenAI researcher Leopold Aschenbrenner is rapidly unwinding many of its public stock positions after suffering steep losses tied to artificial intelligence investments and bearish bets against software companies. Aschenbrenner’s fund, Situational Awareness, has built its strategy around the expectation that the AI boom would drive sustained demand for chips,…
Read MoreChipmakers Are Soaring After a Days-Long Rout. Micron, Lam And Sandisk Jump
Chip stocks are soaring on Thursday as they rebound from a days-long rout, boosted by Microsoft’s positive results. CNBC noted that Lam Research jumped 20% and is on track for its best day in more than 25 years after posting strong earnings and positive guidance. Samsung’s shares also jumped after the company warned the memory…
Read MoreRobinhood’s Prediction Market Had a Record Quarter. Its Stock Is Dropping Anyway After Its Earnings
Robinhood’s stock is falling on Thursday even though the company reported rapid growth in its prediction market area. The company’s shares are falling 2.67% at 10:53 a.m. ET. They have dropped almost 13% over the past month and about a quarter of their value since the beginning of the year. Company CEO Vlad Tenev said…
Read MoreMicrosoft’s Massive AI Spending Is Paying Off. Its Stock Is Soaring
Microsoft‘s massive investment in artificial intelligence infrastructure appears to be paying off, easing investor concerns that the tech giant was spending too aggressively without generating enough returns. The company reported quarterly results Wednesday that showed its Azure cloud business accelerating to its fastest growth rate in four years, helping reassure investors that billions of dollars…
Read MoreMicrosoft Soared After Its Earnings Appetite For Chipmakers Returned. Stocks Soared
Stocks are rebounding on Thursday, fueled by Microsoft’s gains and renewed appetite for semiconductors. The tech-heavy Nasdaq Composite jumped 2.78%, while the S&P 500 gained 1.67%. The Dow Jones Industrial Average increased by 1.19%. Chipmakers like Micron, Sandisk and Nvidia bounced after seeing steep losses over the past days. Microsoft jumped more than 15% after…
Read MoreElon Musk Is Reportedly Reentering Political Fray. He Plans To Help Fuel Republican Midterm Election Turnout
Former trillionaire Elon Musk is taking steps to help boost Republican turnout for the 2026 midterm elections, according to a new report. Axios detailed that Musk is reviving his super PAC, America PAC, which spent $260 million in support of President Trump during the 2024 election. The PAC has been less visible since Musk’s involvement…
Read MoreMeta Is Building AI Faster Than Ever. Wall Street Is Skeptical About The Payoff And Its Stock Is Tanking
Meta Platforms is asking investors to look beyond today’s cash flow and focus on what it believes will become one of the world’s largest artificial intelligence businesses. The company raised the lower end of its 2026 capital expenditure forecast to between $130 billion and $145 billion after reporting second-quarter results, signaling that spending on AI…
Read MoreThe U.S. And Iran Continue Trading Strikes. Oil Is Dropping Anyway
Oil is dropping on Thursday following several days of increases despite continued hostilities between the U.S. and Iran. Brent crude, the international benchmark, dropped more than 1.50% and stood at $86.68 per barrel at 9:40 a.m. ET, while West Texas Intermediate, the U.S. benchmark, fell more than 1% and hovered above $83.60 per barrel at…
Read MoreTired of Mulch Washing Away? This Simple Yard Fix Could Save Hours of Cleanup
A beautiful yard doesn’t stay that way on its own, especially during summer. One heavy rainstorm, a few windy days, or regular watering can send mulch spilling into the lawn, across walkways, or out of carefully arranged flower beds. Before long, what started as a fresh-looking landscape can begin to look messy, leaving homeowners with…
Read MoreThe U.S. Has Banned The Sale Of Foreign-Made Humanoids Over Security Concerns. China Has Threatened To Retaliate
China said the U.S.’s decision to ban foreign-made humanoids “severely damages China-U.S. economic and trade stability.” The country’s commerce ministry threatened with countermeasures if the move is not taken back. The U.S. announced the ban on Tuesday, saying “advanced robotic devices” can pose a national security risk. China is by far the leader in the…
Read MoreThe Economy Grew Less Than Expected In Q2. Core Inflation Also Remained Above The Key 2% Target
The U.S. economy grew 1.5% in the second quarter, less than expected, according to new data released by the Commerce Department’s Bureau of Economic Analysis. The figure stood below the estimates of analysts surveyed by Reuters, who previewed the figure would stand at 2.1%. Figures given ranged between 0.8% and 2.9%. The outlet noted that…
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