El Pollo Loco will open its first restaurant in New York City next year as the California chain looks to become a national player. El Pollo Loco has closed three development deals for a total of 15 restaurants in the New York area over the next five years, the company announced Tuesday. The first location … Read more
US stocks were mixed as a leaked Anthropic (ANTH.PVT) IPO prospectus and scrapped OpenAI (OPAI.PVT) next-generation model raised more questions about AI safety, while geopolitical tensions continued to support higher oil and bond prices. The Dow Jones Industrial Average (^DJI) fell 0.1%, while the S&P 500 (^GSPC) remained little changed. The tech-heavy Nasdaq Composite (^IXIC) … Read more
Alaska Airlines’ new 737 Max suites. Courtesy: Alaska AirlinesAlaska Airlines is remodeling cabins at Alaska and Hawaiian Airlines to add hundreds of high-end seats and building new airport lounges, banking on customers’ continued willingness to pay a premium for travel luxuries to boost its profits over the next decade. The changes were announced ahead of … Read more
An inside look at Nvidia’s (NVDA) stock valuation and its cash-generating machine explains why the AI chip heavyweight can justify its staggering $150 billion stock buyback plan, the largest ever. Revenue has surged, topping a record $96.2 billion last quarter, up 106% from a year ago, as demand for its AI chips continues to accelerate. … Read more
Anthropic plans to warn potential investors in its initial public offering that advanced AI could pose “catastrophic or existential risks to humanity,” an extraordinary warning from a company seeking to profit from the same technology. The company’s IPO prospectus, reviewed by Reuters, highlighted risks associated with its AI models, which it said could exhibit “self-preservation … Read more
OpenAI has announced it will not release its latest AI model after flagging security risks during internal testing, the latest industry move to slow the launch of the controversial cutting-edge technology. The AI giant’s announcement on Monday came as debate continues over AI’s potential to cause catastrophic harm following a series of incidents involving AI … Read more
Brent crude oil rises more than 3 percent to exceed $107 a barrel as Washington rejects Tehran’s proposal to end the war. Posted on September 28, 2026 September 28, 2026 Oil prices have risen sharply following US President Donald Trump’s rejection of an Iranian proposal to reopen the Strait of Hormuz in seven days. Brent … Read more
Traffic moves along the 405 Freeway on February 13 in Los Angeles. Apu Gomes/Getty Images hide title toggle title Apu Gomes/Getty Images Subscribe to the Planet Money newsletter. The world is confusing. The economy can help The Trump administration announced Monday that it is scaling back how fuel-efficient U.S. automakers need to build their fleets. … Read more
AMD is acquiring World Labs, a leading developer of deep learning models aimed at understanding physical reality, in an $8.2 billion deal, the two companies said today. World Labs justified the deal in a statement by saying that the development of AI required “close collaboration between modeling, systems and computing research.” AMD, in turn, says … Read more
El período previo a las elecciones de mitad de período se está convirtiendo en una lucha por la comida, literalmente. El verano se vio empañado por un brote masivo transmitido por alimentos que enfermó a decenas de personas y la retirada de decenas de miles de libras de carne importada, convirtiendo la seguridad del suministro … Read more