Posts by Amelia Frost
Tech Stocks Slide As Nasdaq 100 Nears Correction Driven By AI Spending Fears
A trader works on the floor of the New York Stock Exchange during the afternoon of December 10, 2014 in New York City. Andrew Burton/Getty Images KEY POINTS The tech-heavy Nasdaq-100 index approached correction territory, dropping roughly 10% from its June record high. South Korea’s Kospi index suffered a rapid bear-market decline driven by the…
Read MoreHow Hedge Funds Made Billions From Forced Buying of SpaceX Shares By Index Funds
KEY POINTS Inclusion into the Nasdaq 100 forced passive index funds to automatically SpaceX shares regardless of price. Hedge funds anticipated index rebalancing and positioned ahead of mandatory buying by passive index funds to monetize a predictable surge in demand. Because index-rebalancing opportunities occur within narrow trading windows, large hedge funds used prime-broker leverage to…
Read MoreHugging Face Breach By OpenAi Raises Questions About Sandboxing Frontier AI Models
The cybersecurity world has been thrown into chaos after Hugging Face announced on July 16 that it was hacked by an autonomous agent from an OpenAI model. Less than a week after the breach, OpenAI took responsibility for the incident, releasing a blog post claiming the breach occurred when GPT 5.6 Sol and an unknown…
Read MoreSK Hynix’s Stock Has Been Plummeting. Short Sellers Are Piling Up
SK Hynix’s stock has plummeted over the past days. Getty Images The ADRs of South Korean chipmaker SK Hynix have been falling over the past weeks amid a broader rout in the sector. In this context, short sellers have been piling up bets against the company. More than 10% of the company’s shares that are…
Read MoreThe Fed Kept Interest Rates Steady, But It Was Not a Unanimous Decision
The Federal Reserve left interest rates unchanged, but stubborn inflationary risks and renewed energy market volatility keep pressure on the central bank to tighten policy later this year. AFP The Federal Reserve left interest rates unchanged, but stubborn inflationary risks and renewed energy market volatility keep pressure on the central bank to tighten policy later…
Read MoreIsrael Reportedly Believes Iran Moved Centrifuges Deep Beneath a Mountain: ‘Enrichment Is Currently Taking Place’
Israel believes Iran has moved centrifuges to Pickaxe Mountain and is enriching uranium there, according to a new report. Citing a senior diplomatic source, The Jerusalem Post detailed that the country doesn’t believe Tehran’s nuclear program has been fully destroyed. “There are centrifuges at Pickaxe Mountain where enrichment is currently taking place,” the source added.…
Read MoreRepublicans Are Renewing Scrutiny Of Pandemic Response With COVID Hearings. Fauci Pleaded The Fifth
Former White House chief medical adviser Dr. Anthony Fauci repeatedly invoked his Fifth Amendment right against self-incrimination while being grilled by Republicans during a contentious Senate hearing Wednesday. The hearing before the Senate Homeland Security and Governmental Affairs Committee, chaired by Sen. Rand Paul, came after the release of Fauci’s unredacted pandemic-era diaries, which Republicans…
Read MoreUBS CEO Says The Ongoing AI Pullback Is Healthy. But Another Risk Could Be the Next Big Threat for Investors
UBS Chief Executive Sergio Ermotti believes the recent cooling in artificial intelligence-related stocks is not a reason for investors to panic, but geopolitical uncertainty could be, even as the Swiss banking giant posted stronger-than-expected second-quarter results and unveiled a new multibillion-dollar share buyback program. UBS on Wednesday reported net profit attributable to shareholders of $2.8…
Read MoreElon Musk Says Technological Advances Will Produce Mass Abundance In the Future. Then, Treasury Should Send Americans Checks
Elon Musk said that the U.S. Treasury should send direct payments to Americans in the future, arguing that advances in artificial intelligence could make work largely optional and fundamentally reshape how wealth is distributed. Speaking in an interview with The Economist, Musk said AI would eventually perform virtually every job better than humans, leading to…
Read MoreRussia’s Largest Online Retailer Is Being Targeted By Ukrainian Drones Attack As Part Of Its New Strategy: Hitting Moscow’s Economy
Ukraine‘s long-range drone campaign is expanding beyond oil refineries and military facilities, increasingly targeting the commercial infrastructure that underpins Russia‘s wartime economy. The latest focus is Wildberries, Russia’s largest online retailer, where repeated strikes on warehouses and logistics hubs have disrupted one of the country’s most important consumer and business networks while forcing the Kremlin…
Read MoreKelli Anne Sewell’s Style Lately: Vintage Gucci, $23 Tanks, and Blazer Fatigue
The way we dress changes with us, and in our new series—My Style, Lately—Glamour explores the instincts of women whose taste we trust: what they’re wearing, buying, loving, and rethinking right now. From wardrobe staples and under-$50 finds to beauty obsessions and splurges they swear were worth it, we uncover the pieces and products that…
Read MoreMark Zuckerberg Says The U.S. Should Accelerate, Not Pace, AI Development, Warning More Restrictions Could Put China Ahead.
Meta CEO Mark Zuckerberg is urging the United States to move faster on artificial intelligence rather than slowing the technology with new regulations, arguing that innovation, not restriction, is the best way for America to maintain its global leadership. “We should accelerate AI development, not restrict it,” Zuckerberg said, as policymakers continue debating whether stronger…
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