Finance & Business News

Oil prices are high but could be much worse. Trump has China’s Xi to thank for that - AP News

President Donald Trump’s conflict with Iran has not led to the doomsday oil price spike many feared at the start of the war. Energy analysts credit China’s oil strategy for this stability. China weathered the energy crunch by building a massive oil reserve an…

Investors weigh whether Anthropic can sustain surging revenues post-IPO - Financial Times

OpenAI’s resurgence, cheap rivals and safety fears test faith in durability of business model

Google’s Gemini AI hacked into other companies, adding to ‘rogue’ AI incidents - The Washington Post

The incursions came during tests of its cybersecurity skills — similar to other incidents disclosed by OpenAI, Anthropic and Meta.

A New Buffett Takes On the Task of Preserving Berkshire Hathaway’s Culture - WSJ

Citing Trump, GOP regulators reject gas plant for Amazon data center - Politico

GOP officials in North Carolina said Duke Energy’s plans for powering the Amazon facility ran counter to the president’s Ratepayer Protection Pledge.

Stock Market Today: Dow Steady, Yields Edge Higher — Live Updates - WSJ

The 2-year Treasury yield moved to its highest level in two years in anticipation of more Fed rate hikes.

USPS made mail slower to cut costs. Midterm ballots will test the system. - Axios

Rural communities are bearing more of the slowdown.

Nearly 5,000 Georgians to get relief under $694M auto finance settlement - WSB-TV

Credit Acceptance Corp agrees to a $694M settlement over predatory subprime auto loan allegations affecting thousands.

Trump’s Latest Trade Threat Would Throw America Into A Massive Recession - huffpost.com

Cutting off countries that export more to us than they import would mean ending trade with 95 countries and territories: China, Taiwan, South Korea, Israel — even Burundi.

Anthropic selects Accenture as first embedded evaluator to help implement Amodei's slowdown proposal - CNBC

Anthropic and OpenAI have been under intense scrutiny after researchers warned about the potential for AI to cause catastrophic harm to humanity.

OpenAI and Microsoft knew they were starting a ‘doom loop’ for the web - The Verge

OpenAI and Microsoft knew they were driving us toward Google Zero, and they did it anyway.

'Outrageous': Sanders Slams FCC for Approving Saudi and UAE Ownership of Paramount-Warner Bros. - Common Dreams

US Sen. Bernie Sanders criticizes Trump FCC approval of foreign investment in the pending Paramount-Warner Bros. Discovery merger.

Inside airlines' panic as FAA pushed new AI tool - Business Insider

Airlines are optimistic after confusion over an AI tool that aims to reduce flight delays by predicting airspace congestion, POLITICO reported.

Netflix Stock Falls After Wells Fargo Downgrade: “Engagement Trends Look Worrying to Us” - The Hollywood Reporter

The bank is now underweight on the streaming giant's stock, citing “tougher choices ahead” for the company.

The fast-food chain where managers average more than $200K a year - foxbusiness.com

Chief Operating Officer Denny Warnick said the burger chain remains focused on competitive wages, benefits and career development opportunities.

Wendy’s franchisee with hundreds of locations files for bankruptcy - KTLA

A Wendy's franchisee that operates 314 of the fast food company's restaurants in 15 states announced Friday that it will be filing for bankruptcy.

Bitcoin, Strategy Stock, Coinbase Surge. Why Cryptos Are Rallying Against All Odds. - Barron's

Bitcoin price has shown its resilience, rallying despite two potential setbacks.

Disney’s first CTO is Character.AI’s former CEO - The Verge

The House of Mouse has poached Karandeep Anand from the chatbot company.