Atlanta Fed President Bostic Steps Down; Search for Successor Begins
The Federal Reserve Bank of Atlanta is beginning a search for a new president, as its current leader, Raphael W. Bostic, has announced he...
SoftBank Cuts Nvidia Holdings, Pours Capital into OpenAI
SoftBank has sold its Nvidia shares worth $5.8 billion to fund its expanding investments in OpenAI, underscoring its growing belief in AI software’s dominance...
“Liberal” US Approval Process Fuels Massive New Tariff Request
A "very liberal, expansive approach" by the US Commerce Department to tariff requests has fueled a new, massive submission from American industry. After a...
The ‘Glenwood’ Project: How Apple Is Using Google to Fix Siri
Apple's secret "Glenwood" project, the internal effort to fix Siri, is turning to an unlikely source: Google. Apple has agreed to a $1 billion...
Musk Could Become First Trillionaire, But Norway’s Fund Votes ‘No’
Elon Musk's proposed pay package, which would make him the world's first trillionaire, has been rejected by one of Tesla's largest shareholders, Norway's sovereign...
From Top Supplier to “Too Risky”: China’s Sudden Reversal on Russian Oil
In a sudden reversal, Chinese refiners are treating Russian crude as "too risky," despite Russia being their top supplier. This shift is driven by...