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The World’s Biggest Wealth Fund Has $215 Billion In US Treasurys. It Wants To Cut Back.
Norway's $2.3 trillion sovereign wealth fund wants to sharply reduce its holdings of U.S. Treasurys as part of a wider overhaul of its bond portfolio, shifting more money toward...
Robinhood Is Going Deeper Into Prediction Markets. Its Event-Contract Business Is Growing.
Robinhood is expanding its prediction-markets business through a new partnership with Crypto.com and OG.com, taking equity stakes in both companies while adding another federally regulated venue for event contracts...
Middle East Clashes Again Push Oil Toward $100. Goldman Sachs Raises Forecasts a Path To $120.
Oil prices climbed toward $100 a barrel on Tuesday as renewed attacks on Middle Eastern energy infrastructure and shipping intensified concerns about global supply. Goldman Sachs is now warning...
Gas Prices Are Still Squeezing American Families. Prices Could Increase Further In The Fall.
With the national average for gas reaching $4.15 a gallon on Labor Day, drivers are cutting back on travel, savings, and everyday expenses, while analysts warn that geopolitical tensions...
Qualcomm Strikes $4 Billion Amazon Stock Deal. Its Stock Is Climbing.
Qualcomm and Amazon announced a partnership Tuesday that includes warrants allowing Amazon to acquire roughly $4 billion worth of Qualcomm stock, tying the investment to a broader effort to...
WeChat’s 1.4 Billion Users Faced a Dangerous Security Flaw. AI Helped Turn It Into a Self-Spreading Worm.
Artificial intelligence created a worm inside WeChat so that a missed call could have been enough to surrender control of a WeChat account to a hacker. The contact would...
OpenAI’s Chief Scientist Warns No One Is Ready for AI’s Next Leap, Calls for ‘Extreme Caution’
OpenAI's chief scientist is warning that the world may be unprepared for the consequences of rapidly advancing artificial intelligence, calling for stronger safeguards, international coordination, and voluntary slowdowns to...
The U.S. Is Escalating Its Economic Pressure Campaign Against Iran. Over Two Dozen Airlines Are Being Targeted.
The Treasury Department sanctioned 27 Iranian airlines as part of its campaign to continue exerting economic pressure on the country.The department noted in a statement that, overall, the "Treasury's...
Netanyahu Was Personally Warned Of An Imminent Attack Days Before Oct. 7 But Didn’t Act: Report
Israeli Prime Minister Benjamin Netanyahu was warned about a large attack from Hamas days before October 7 but his government did not do anything with the information, according to...
The Nasdaq 100 Will Get Its Quarterly Rebalance This Month. It Could Be a Boon For SpaceX.
SpaceX is set to get a higher weighting in the Nasdaq 100 after its quarterly rebalance, which will take place later in September.Bloomberg detailed that the figure is a...
The U.S. Got Broad Access To Venezuela’s Oil. It Is Now Reportedly Setting Its Eyes On Its Minerals.
The Trump administration is seeking broader access to Venezuela's mineral resources after inking a deal to lead the exploitation of its oil resources, according to a new report.Reuters detailed...
Zelenskyy Says U.S. Is Exploring Russia-Ukraine De-escalation Steps. Moscow Is Striking Kyiv Again.
Ukrainian President Volodymyr Zelenskyy said the U.S. is exploring the possibility of de-escalating hostilities with Moscow during the winter and restarting diplomatic negotiations. However, Moscow continued to target Kyiv...