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Collusion claims in US oil must reckon with record production
It should be no surprise that Texans are themselves capitalists firstFinancial Times - World -
OpenAI put ‘shiny products’ over safety, departing top researcher says
Jan Leike’s exit from ChatGPT maker is the latest sign of internal divisions over technology’s developmentFinancial Times - Business -
OpenAI putting ‘shiny products’ above safety, says departing researcher
Jan Leike, a key safety researcher at firm behind ChatGPT, quit days after launch of its latest AI model, GPT-4o. A former senior employee at OpenAI has said the company behind ChatGPT is prioritising “shiny products” over safety, revealing that ...The Guardian - World -
China’s ‘AI-in-a-box’ products threaten Big Tech’s cloud growth strategies
Huawei leads trend of providing companies with means to power their own artificial intelligence apps rather than through public cloudFinancial Times - World - China -
Consumer bureau case divides SCOTUS conservatives
Welcome to The Hill's Business & Economy newsletter {beacon} Business & Economy Business & Economy The Big Story Conservative justices split on CFPB ruling The Supreme Court’s most conservative justices were divided this week over a decision to ...The Hill - Politics -
Supreme Court: Consumer Financial Protection Bureau funding doesn't violate Constitution
The Supreme Court has ruled the Consumer Financial Protection Bureau's funding practices do not violate the Constitution. CBS News legal contributor Jessica Levinson breaks down the ruling.CBS News - Top stories -
Supreme Court rules Consumer Financial Protection Bureau funding structure is legal
The Supreme Court decision protects the CFPB from the potentially crippling risk that Republicans in Congress will block annual funding for the agency.CNBC - Business -
Federal Consumer Financial Watchdog Survives Supreme Court Scrutiny
Justice Clarence Thomas, writing for a 7-2 court, said that Congress has wide discretion in structuring the way federal agencies are funded.The Wall Street Journal - World -
US Supreme Court rejects challenge to top consumer finance agency
Case had questioned the constitutionality of financing for the Consumer Financial Protection BureauFinancial Times - Business -
Supreme Court Upholds Consumer Finance Protection Bureau Funding Method
The way the agency--a target of a conservative attacks--gets money from the federal government does not violate the Constitution, the court rules in a 7-2 vote.Inc. - Business -
Democrats cheer after Supreme Court rejects challenge to consumer bureau
Democrats and financial industry critics celebrated Wednesday after the Supreme Court rejected a challenge to the Consumer Financial Protection Bureau's (CFPB) funding structure. “The United States Supreme Court follow the law, and the CFPB is ...The Hill - Politics -
What the Supreme Court Ruling Means for Other Consumer Bureau Actions
A score of court cases involving the Consumer Financial Protection Bureau can now proceed, but it is still likely to face legal challenges.The New York Times - Business -
Breaking down the Supreme Court's Consumer Financial Protection Bureau ruling
The Supreme Court rejected an effort Thursday to undermine the power of the Consumer Financial Protection Bureau. The agency was created after the 2008 financial crisis to protect consumers from unfair practices. CBS News legal contributor Jessica ...CBS News - Top stories -
Chinese Retailer Temu Under Fire From European Consumer Groups
Temu, the discount retailing app owned by Chinese e-commerce giant PDD Holdings, is facing consumer complaints that its business practices violate a new online content law in Europe.The Wall Street Journal - Business - China -
Some consumers are punting big purchases like pools and mattresses
There are some signs that shoppers are holding off on big-ticket buys, the latest signal of the economy contracting at the hands of tighter monetary policy.CNBC - Business -
Some consumers are punting big purchases like pools and mattresses
Americans are kicking the can down the road on some more costly, traditionally financed purchases as elevated inflation and interest rates bite.NBC News - Top stories -
Instagram co-founder joins Anthropic as chief product officer in fight against OpenAI
Mike Krieger most recently co-founded Artifact, an AI-powered news app, alongside Systrom, but they sold it to Yahoo in April.VentureBeat - Tech -
California bill that would have banned selling anti-aging skin products to young kids fails to advance
A bill in California that sought to ban the sale of anti-aging skin products to young kids failed to advance through the California State Assembly on Thursday. The bill, introduced by Assemblymember Alex Lee, prohibited kids under 13 from buying ...The Hill - Politics - California -
A former OpenAI leader says safety has 'taken a backseat to shiny products' at the AI company
A former OpenAI leader who resigned from the company earlier this week says that product safety has “taken a backseat to shiny products” at the influential artificial intelligence companyABC News - Tech -
Productivity Experts Say 3 Things Will Help You Get More Done in Less Time
Three proven hacks for busy professionals juggling multiple priorities.Inc. - Business -
Academic and doctor Chris van Tulleken: ‘Ultra-processed products are food that lies to us’
The author on how his mission to improve our national diet began – and where it needs to go. Chris van Tulleken has suggested we meet at his local pizza place, Sweet Thursday, in Hackney, east London. If the choice seems counterintuitive for a man ...The Guardian - World -
Honda plans to invest nearly $65 billion on its electric-vehicle strategy through 2030 as part of efforts to boost sales and production in the coming years.
Honda plans to invest nearly $65 billion on its electric-vehicle strategy through 2030 as part of efforts to boost sales and production in the coming years.The Wall Street Journal - World -
Walmart and Other Retail Earnings Show Inflation Still Pushing Consumers to Seek Deals
Low prices drive consumers to shop at the big box chain, while fewer people are buying fancy coffees or taking on home improvement projects, as Starbucks and Home Depot report sales declines.Inc. - Business -
Fed’s Barkin says consumers are driving inflation. Here’s what they’re willing to pay more for.
The service sector “has changed their view” and believes consumers will accept higher prices and are going to raise them until households balk.MarketWatch - Business -
Average consumer carries $6,218 in credit card debt, as more borrowers are falling behind on their payments
Americans are increasingly falling behind on their credit card payments, recent reports show.CNBC - Business -
Affluent consumers are creating a ‘bubble’ at Walmart, warns retailer’s former U.S. CEO Bill Simon
Walmart may just be a pit stop for high-income consumers.CNBC - Business -
The Supreme Court rejected a conservative-backed challenge that could have dismantled the Consumer Financial Protection Bureau.
The Supreme Court rejected a conservative-backed challenge that could have dismantled the Consumer Financial Protection Bureau.The Wall Street Journal - World -
Latest shipping data reveals that mid-range retail is the new consumer price sweet spot
Retailers are converging on 'middle-price-point' items as the best way to reach consumers, a new CNBC Supply Chain Survey shows.CNBC - Business -
The weak yen is dividing Japan into the haves and the have-less, where consumers with dollars and euros live well and those who hold only the domestic currency make do.
The weak yen is dividing Japan into the haves and the have-less, where consumers with dollars and euros live well and those who hold only the domestic currency make do.The Wall Street Journal - World