How Leopold Aschenbrenner built a $45 billion AI hedge fund — and lost most of it in days
Leopold Aschenbrenner, a former OpenAI researcher-turned-hedge fund manager, saw a dramatic decline this week in his AI-focused fund, Situational Awareness.
As Warsh’s Fed faces pressure to act on inflation, these indicators show it’s at its lowest in years
Trimmed mean measures are painting a different picture than the headline numbers.
Trump's AI executive order nears key deadline as regulation debate intensifies
OpenAI's Sam Altman and Nvidia's Jensen Huang were among tech leaders in Washington, D.C., ahead of a deadline the White House set in its AI executive order.
Pirro moves to drop case against Olympian, says Reflecting Pool damage caused by 'flawed installation'
President Donald Trump had touted the Reflecting Pool update, one of many renovations in D.C. he ordered ahead of America's 250th birthday celebrations.
Alphabet, Amazon and Microsoft added nearly $1.5 trillion in combined value this week
Amazon, Microsoft and Google added hundreds of billions of dollars to their market caps, while Apple and Meta saw their market valuations fall.
Trump appeals order that slammed his IRS lawsuit and referred his lawyer to bar
Trump had sued the IRS for $10 billion over the leak of his tax information by an agency contractor.
Trump says U.S. has 'not agreed to' grant Ukraine Patriot missile licenses
President Donald Trump said the U.S. hasn't agreed to grant Ukraine licenses to produce Patriot missile systems.
450,000 defrauded student loan borrowers are eligible for debt forgiveness — here's who qualifies
Hundreds of thousands of student loan borrowers are eligible for debt cancellation under a $23 billion class-action settlement against the federal government.
EV prices aren't following the 'law of used cars,' analyst says — what it means for buyers and sellers
The prices for used electric vehicles have risen this year, which is unusual, experts said. Affordability and high gas prices help explain why, they said.
Analysis: Markets heard a dovish Kevin Warsh. The Fed chairman's own words suggest a rate hike
Investors saw Warsh’s press conference as dovish, but a closer reading of the Fed chair's prepared remarks suggests he may be close to raising interest rates.
FIFA tests the limits of private equity in sports with World Cup subsidiary sale
UEFA and Concacaf's rejection of FIFA's plan to sell a 20% stake in the World Cup's commercial operations highlights uneasiness with private equity in sports.
Fintech broker Clear Street offers investors pre-IPO access to $188 billion AI giant Databricks
Fintech brokerage Clear Street is launching a private markets platform, beginning with Databricks stakes, to give investors more access to late-stage startups.
The S&P 500 is stuck at a key battleground level. This obscure index could determine the market’s next move
Options traders and market makers in Chicago were quick to buy dips below 7,500 in the benchmark index Friday, but almost as quick to sell rallies above that level.
‘Spider-Man: Brand New Day’ sets domestic box office preview record with $72 million
Sony and Marvel's "Spider-Man: Brave New Day" is expected to haul in around $270 million domestically over its debut weekend.
Investors may want to focus on front end of yield curve — as Street anticipates next Fed meetings
Bond market investors may want to focus on the front of the yield curve, according to Allspring Global Investments’ Noah Wise.
Eaton shares jump as its earnings and outlook show resilience of the AI buildout
Eaton investors had good reason to be concerned heading into Friday's results.
Dwindling cash and soaring memory costs: Tech's AI buildout has ballooning price tag
Amazon, Alphabet and Tesla all reported negative cash flow in the latest quarter, while Meta's cash generation plummeted by 91%.
Fed officials who voted to hike rates say action is needed now against inflation
Kashkari and Hammack joined Dallas Fed President Lorie Logan in dissenting against holding the Fed's key overnight borrowing rate steady.
Democrats demand information on Trump and Lutnick families' ties to critical mineral deals
The senators asked the Departments of Commerce, Defense, Energy, Interior and the Export-Import Bank to preserve all records related to those deals.
Microsoft shares are surging. Here’s how to still make money, says Mike Khouw
Following Microsoft's (MSFT) Q4 earnings and record-setting appreciation, the immediate binary event risk is officially behind us.
Exxon and Chevron profits surge on rising oil prices due to Iran war
ExxonMobil and Chevron on Friday reported second-quarter profits that surged on rising oil prices due to the Iran war.
GM to launch proprietary in-vehicle AI system later this year
General Motors plans to launch a proprietary in-vehicle artificial intelligence system that's better tailored for its customers later this year.
U.S. lawmakers request information from DoorDash on use of Chinese AI models
The food delivery company is the latest to be asked to share details of AI use by two House committee conducting a joint investigation.
More consumer companies are staying private for longer, avoiding the IPO road
With the rise of secondary markets and a stronger liquidity environment, more companies are choosing to stay private for longer, according to experts.