Latest in Microsoft CFO says OpenAI investment will cut into profit this quarter
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Investing in Argentina
The election of Javier Milei has excited investors and raised spirits in the business community. But can Milei deliver on his promises and overcome congressional resistance to deliver the big ...World - Financial Times - October 23 -
Starboard Value's Jeff Smith says Salesforce has 'a lot more to go' and can increase profitability
Salesforce has become more profitable in the past few years, but one activist investor says there's more for the software company to do.Business - CNBC - October 22 -
Inflation is going higher, this market strategist says. Here’s his master plan to profit from it.
Hedgeye’s Keith McCullough is long gold, utilities, real estate and emerging markets.Business - MarketWatch - Yesterday -
Ceramic mugs, condiment bars and comfier seats are coming to more Starbucks stores, as new CEO looks to re-caffeinate sales
Starbucks Corp. on Wednesday said its latest quarterly results “do not reflect the strength of our brand,” and said it needed to make fundamental changes to bring back customers.Business - MarketWatch - 9 hours ago -
Waller skeptical of more big Fed rate cuts amid worries a strong economy could reignite inflation
A key voter on the Federal Reserve said the surprising strength of the economy suggests the central bank should “proceed with more caution” in cutting U.S. interest rates to make sure inflation ...Business - MarketWatch - October 14 -
Big Fed rate cut was justified, but it may have acted politically, Trump economic adviser says
Kevin Hassett, who was Chairman of the Council of Economic Advisers in the Trump administration from 2017 to 2019, agreed with Trump’s view that the Federal Reserve has acted politically in recent ...Business - MarketWatch - October 19 -
Apple analyst Kuo says company cut iPhone 16 orders by 10 million units
Apple shares slid Wednesday after industry supply chain analyst Ming-Chi Kuo said the company has cut orders for the iPhone 16 by about 10 million units.Business - CNBC - October 23 -
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A Dutch government watchdog says the Netherlands is unlikely to hit a 2030 target for emissions cuts
The Dutch government’s climate watchdog is warning that the Netherlands is “very unlikely” to achieve a European Union-mandated reduction in greenhouse gas emissions by 2030 unless it takes urgent ...World - ABC News - 6 days ago -
Volkswagen plans to close at least 3 German plants and cut thousands of jobs
Europe’s largest carmaker tells works council it would slash pay by 10%Business - Financial Times - 2 days ago -
Volkswagen targets layoffs and 10% pay cuts amid plans for German plant closures, union says
Volkswagen is considering wide spread pay cuts and layoffs as well as closures or size reductions of its plants in Germany, the company's works council said Monday.Business - CNBC - 2 days ago -
Larry Fink says the Fed won't cut interest rates as much as markets expect this year
"I do believe we have greater embedded inflation in the world than we've ever seen," Fink said.Business - CNBC - Yesterday -
Possible Trump Treasury secretary says he'd work with Musk to cut federal spending
Hedge fund founder John Paulson, an ally of former President Trump, said in a new interview that he will work with tech billionaire Elon Musk to “reduce federal spending” if tapped to serve as ...Politics - The Hill - 18 hours ago -
OpenAI’s Journey to $157 Billion Chronicled in Documents
OpenAI originally applied to be recognized as a tax-exempt charitable organization by the IRS in 2016.Business - Inc. - October 13 -
OpenAI’s Swarm AI agent framework: Routines and handoffs
At the heart of OpenAI's Swarm are the concepts of "routines" and "handoffs," which are mechanisms designed to help agents carry out collaborative tasks in an organized manner.Tech - VentureBeat - October 14 -
OpenAI Hires Aaron Chatterji to Be Its Chief Economist
Aaron Chatterji was chief economist at the Commerce Department under President Biden and served on President Obama’s Council of Economic Advisers.Tech - The New York Times - October 22 -
OpenAI’s Transcription Tool Hallucinates. Hospitals Are Using It Anyway
In health care settings, it’s important to be precise. That’s why the widespread use of OpenAI’s Whisper transcription tool among medical workers has experts alarmed.Tech - Wired - 21 hours ago -
Israel has ordered evacuation of quarter of Lebanon, UN says
Lebanese government says more than 1mn people have fled since Israeli forces began ground offensiveBusiness - Financial Times - October 15 -
Royal Caribbean set for strong quarter, momentum into 2025, says analyst
An analyst points to “ongoing momentum and no signs of consumer softness.”Business - MarketWatch - October 21 -
McDonald's Quarter Pounders linked to deadly E. coli outbreak, CDC says
Health officials are investigating a deadly E. coli outbreak involving McDonald's Quarter Pounder burgers. The CDC says 49 cases across 10 states have hospitalized at least 10 people and left one ...Top stories - CBS News - October 22 -
Quarter of young Black men say they will vote for Trump: Survey
A new survey shows that more than a quarter of Black men plan to vote for former President Trump in November’s presidential election. The University of Chicago’s latest GenForward poll released ...Politics - The Hill - October 23 -
IMF hails Reeves’ ‘sustainable’ tax rises; Resolution Foundation says budget marks ‘decisive shift from planned cuts’ – business live
Foundation says there will be better funded public services in schools, NHS and justice but households face further squeeze. And a few more – Resolution Foundation analysis:. Tax and benefit ...World - The Guardian - 1 hour ago -
Investment apps: are they up to scratch?
Beware the time-consuming lure of gut-reaction trading from your handsetWorld - Financial Times - 6 days ago -
It Could Cost OpenAI a Lot to Drop its Nonprofit Structure
Leading AI firm OpenAI is valued at $157 Billion, but turning it into a for-profit company could mean a very expensive, complicated set of legal proceedings.Business - Inc. - October 14 -
OpenAI unveils experimental ‘Swarm’ framework, igniting debate on AI-driven automation
OpenAI has unveiled “Swarm,” an experimental framework designed to orchestrate networks of AI agents. This unexpected release has ignited intense discussions among industry leaders and AI ethicists ...Tech - VentureBeat - October 14 -
OpenAI just launched ChatGPT for Windows—and it’s coming for your office software
OpenAI launches ChatGPT desktop app for Windows, expanding its AI assistant's reach and signaling a strategic push into enterprise productivity tools.Tech - VentureBeat - October 17 -
OpenAI Chatbot Passes Bias Tests, But Users Should Still be Watchful
The data that shapes how an AI responds can contain unseen biases, so the AI market leader has been checking ChatGPT, and says it may be more neutral that humans.Business - Inc. - October 18
