Alphabet (GOOG, GOOGL), Amazon (AMZN), Meta (META), Microsoft (MSFT), and Oracle (ORCL) are expected to make capital expenditures of about $800 billion this year and $1.2 trillion next year, according to Goldman Sachs. As costs squeeze their cash flow, these tech giants are increasingly turning to the bond market. Through August, U.S. companies have issued … Read more
Bill Gates has called on federal lawmakers and U.S. law enforcement agencies to regulate the development of artificial intelligence (AI), saying in an interview broadcast Sunday that uncontrolled technology could cause “a billion deaths” and “no one thinks self-regulation is enough.” “There is a need for law enforcement and politicians to get into the discussion … Read more
Dow Jones futures will open Sunday night, along with S&P 500 futures and Nasdaq futures. President Donald Trump said he rejected an offer from Iran to reopen the Strait of Hormuz. Micron Technology earnings, a SpaceX spacecraft launch, and multiple Tesla news events are available, along with key economic data. The stock market rally saw … Read more
The Federal Aviation Administration is investigating a software flaw in some Boeing 737 Max aircraft that could cause an automated flight guidance system to disengage during an aborted landing, commonly known as a “go-around.” In rare circumstances where there is a missed approach (and where a pilot uses a precision approach with the autopilot engaged … Read more
Cousins Maine Lobster co-founder Jim Tselikis discusses how to deal with inflation and higher food and fuel costs as the company surpasses $1 billion in systemwide sales. It also outlines the brand’s retail expansion and new product line. A recall was issued for raw milk cheese after more than a dozen people became sick with … Read more
OpenAI said it had suspended training of its latest AI models as reports of AI agents going rogue increased. The decision to halt development came just hours after the company revealed on Friday that it was reviewing several incidents from the summer in which OpenAI agents searching federal government websites acted in unexpected ways beyond … Read more
Hospitals’ use of artificial intelligence tools when submitting insurance claims generated an additional $942 million in healthcare spending over a two-year period, according to an analysis by the Blue Cross Blue Shield Association. The BCBSA analysis found “a sharp increase in the number of documented patients with complex conditions,” but argued that there is a … Read more
‘The Big Money Show’ panel discusses how American automakers are urging Congress to ban Chinese electric vehicles. President Donald Trump said Saturday that he approved new fuel economy standards that end the Biden-era electric vehicle mandate. “The Dumocrats cost our big automakers billions of dollars, forced Americans to buy cars they never wanted, and wasted … Read more
For Ramsey Qubein, London Heathrow is a missed connection he hopes to never find again. After one too many maddening transits, the Charlotte-based travel journalist, who travels about 400,000 miles a year, has soured on one of the most connected (and perplexing) airports in the world.
OpenAI said Friday that some of its AI agents went rogue and investigated U.S. government websites this summer, the latest revelation of the AI company’s technology. The New York Times first reported that AI agents went rogue and attempted to gain access to the Department of Education, the Department of Commerce and the Securities and … Read more