World's largest sovereign wealth fund posts $138 billion in first half profit as AI demand boosts tech
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CNBC - Business
Billionaire tech CEO says bosses shouldn't 'BS' employees about the impact AI will have on jobs
Business leaders shouldn't "BS" employees about the impact of AI on jobs, according to one tech billionaire, who says they should be transparent and honest.1 hour ago -
ESPN - Sports
Favre to testify at Congress on welfare funds
Former NFL quarterback Brett Favre will testify during a congressional hearing about the need for welfare reform Tuesday.1 hour ago -
The Guardian - World
Global AI fund needed to help developing nations tap tech benefits, UN says
Governments and private firms should contribute to help states unable to invest and benefit from advances. Governments and private companies should contribute to a global artificial intelligence ...1 hour ago -
The Wall Street Journal - Tech
Tech Jobs Have Dried Up---and Aren't Coming Back Soon
Employment for software engineers has cooled as resources shift toward developing artificial intelligence.2 hours ago -
The Wall Street Journal - Tech
Meta to European Union: Your Tech Rules Threaten to Squelch AI Boom
The Facebook parent and other companies are warning in an open letter that the regulations risk hampering innovation and economic growth.2 hours ago -
CNBC - Business
Fed slashes interest rates by a half point, an aggressive start to its first easing campaign in four years
The Federal Reserve on Wednesday lowered the federal funds rate to a range between 4.75%-5%.6 hours ago - Federal Reserve -
BBC News - Top stories
Major US labour union declines to endorse either Harris or Trump
The decision is a blow to the Harris campaign's efforts to woo working-class voters in swing states.6 hours ago - Donald Trump -
Wired - Tech
US Senate Warns Big Tech to Act Fast Against Election Meddling
In an Intelligence Committee hearing with representatives from Google, Apple, and Meta on Wednesday, senators stressed that foreign influence is far from a solved problem.6 hours ago -
VentureBeat - Tech
Grounding LLMs in reality: How one company achieved 70% productivity boost with gen AI
Drip Capital overcame AI challenges like hallucinations, improved document processing efficiency and applied AI to risk assessment.7 hours ago -
NBC News - Politics
Tech executives grilled over election disinformation
A top Senate committee grilled top tech executives today over the increasing number of foreign adversaries working to interfere online in the 2024 presidential election, including Iran, Russia and ...7 hours ago -
BBC News - Top stories
Unlawful care homes ‘profiteer’ from at-risk kids
Placing children with complex needs in care threatens to bankrupt some councils, the Family Court is told.11 hours ago -
MarketWatch - Business
General Mills’ profit falls 14% on inflation woes, margin pressure
General Mills Inc.’s stock rose Wednesday after the packaged-food giant beat Wall Street estimates for adjusted profit and revenue, although it said it continues to face inflation and pressure on ...12 hours ago -
The Hill - Politics
Watch live: Senate Intel panel to grill tech execs on election interference
Executives from Microsoft, Google's parent company Alphabet and Meta — which owns Facebook and Instagram — are providing testimony to the Senate Intelligence Committee Wednesday about attempts by ...12 hours ago -
NBC News - Top stories
Microsoft, BlackRock form group to raise $100 billion to invest in AI data centers and power
Microsoft and BlackRock are part of a group of companies collaborating to pull together up to $100 billion to develop data centers for artificial intelligence and the energy infrastructure to power ...13 hours ago -
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VentureBeat - Tech
Runway inks deal with Lionsgate in first team-up for AI provider and major movie studio
Runway will create a custom model trained upon Lionsgate's library of more than 20,000 film and TV titles including The Hunger Games.16 hours ago - Entertainment -
BBC News - Top stories
Party over for Tupperware as it files for bankruptcy
The US company says it will ask for court permission to start a sale process of the business.18 hours ago -
MarketWatch - Business
Intuitive Machines’ stock soars, boosted by NASA contract worth up to $4.82 billion
Shares of Intuitive Machines Inc. were set to skyrocket Wednesday, lifted by the award of a NASA contract that could be worth up to $4.82 billion.18 hours ago -
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CNBC - Business
Microsoft, BlackRock form group to raise $100 billion to invest in AI data centers and power
Microsoft, BlackRock and Abu Dhabi's investment vehicle are aiming to initially raise $30 billion to invest in AI data centers and the energy to power them.Yesterday -
The Hill - Politics
Republicans question proposal to boost Secret Service funding
Some Republicans are questioning whether a boost in spending for the Secret Service as part of the upcoming government funding bill would help protect former President Trump in the immediate term. ...Yesterday - Republican Party -
MarketWatch - Business
The second-largest economy in the world just raised its retirement age. American workers should take notice.
The U.S. is facing a similar retirement crisis, and there’s no easy solution.Yesterday -
Financial Times - Business
BlackRock and Microsoft plan $30bn fund to invest in AI infrastructure
Nvidia and Abu Dhabi-backed MGX will join effort as energy-intensive tech strains power and data gridsYesterday - Microsoft -
CNBC - Business
Harris-Trump election has Big Tech 'at a crossroads' after slump in dealmaking
With regulators making it hard for large tech companies to do significant deals, M&A transaction volume in the industry continues to drop.Yesterday - Donald Trump -
ABC News - World
Bangladesh opposition party rallies to demand a new election
Thousands of activists and opposition leaders from the Bangladesh Nationalist Party have rallied in the capital, DhakaYesterday -
Financial Times - Business
Profit outlook dents THG as it considers separating Ingenuity arm
Ecommerce group says it is ‘progressing options’ to demerge divisionYesterday -
The Wall Street Journal - Business
U.S. Steelmakers Warn of Lower Profits as Manufacturers Slow Factories
Nucor and Steel Dynamics forecast a drop in third-quarter earnings, citing weaker demand and shaky prices.Yesterday -
BBC News - Top stories
Instagram teen accounts and posts to be made private by default
Meta says parents will be able to "guide" a safer experience - critics say the firm itself should do more.Yesterday -
NBC News - Top stories
Putin orders Russian army to expand to become the world's second largest
The Kremlin said Tuesday that an order by President Vladimir Putin to transform Russia’s army into the second largest in the world was needed to address growing threats on Russia’s western borders ...Yesterday - Russia -
Financial Times - Business
Von der Leyen gives top economic jobs to interventionist EU countries
France, Italy and Spain to share influential portfolios in next European CommissionYesterday - European Union -
The Wall Street Journal - Business
Kingfisher Lifts Lower End of Guidance As Profits Rise
B&Q owner Kingfisher raised the lower end of its fiscal 2025 profit guidance above market expectations, after the B&Q owner posted higher earnings for the first half, despite weaker sales.Yesterday -
CNBC - Business
CNBC Daily Open: Rate cuts might not benefit tech the most
Technology stocks benefit the most from low interest rates, conventional market wisdom says. But that might not hold true this cycle.Yesterday -
Financial Times - Business
Sports group backed by Saudi wealth fund seeks stake in European basketball
EuroLeague is looking to sell minority holding worth €1bn, but PIF’s SURJ firm faces competition from BC Partners2 days ago -
CBS News - Top stories
White House seeks to boost Secret Service funds after 2nd Trump shooting
The Biden administration is asking Congress to increase Secret Service funding following Sunday's apparent assassination attempt on former President Donald Trump. This request comes about two weeks ...2 days ago - Donald Trump -
The Wall Street Journal - Business
Microsoft Boosts Dividend, Authorizes Buyback of Up to $60 Billion
Microsoft will raise its quarterly payout by about 11% and begin a new stock-buyback program.2 days ago - Microsoft