U.S. safety regulator calls for probe of Temu, Shein over ‘deadly baby and toddler products’
Temu and Shein have shot to popularity in the U.S. over the past year due to their ultracheap apparel, electronics and home goods.
Nvidia says it didn’t receive antitrust subpoena from DOJ
“We have inquired with the U.S. Department of Justice and have not been subpoenaed,” an Nvidia representative said.
OpenAI co-founder Ilya Sutskever raises $1 billion for his new AI firm
OpenAI co-founder Ilya Sutskever raised $1 billion for his new AI firm Safe Superintelligence. Investors include A16, Sequoia, DST Global and SV Angel.
Amazon-backed Anthropic rolls out Claude AI for big business
Anthropic on Wednesday rolled out Claude Enterprise, its biggest new product since its chatbot’s debut.
Bond market ‘yield curve’ returns to normal from inverted state that had raised recession fears
The relationship between the 10- and 2-year Treasury yield briefly normalized Wednesday, reversing a classic recession indicator.
Job openings fell more than expected in July in another sign of labor market softening
The closely watched Job Openings and Labor Turnover Survey showed that available positions fell to 7.67 million on the month.
Atlanta Fed President Bostic says officials can’t wait for inflation to hit 2% before cutting
Bostic signaled that he is ready to start lowering rates even though inflation is still running above the Fed’s target.
Chase signs on as jersey patch sponsor of Golden State Valkyries, the Bay Area’s WNBA expansion team
The Golden State Valkyries, the WNBA expansion team set to play in San Francisco in 2025, will have Chase as its jersey patch sponsor.
Fracking led the U.S. to pump more oil than any country in history — here’s what that means for the green energy transition
In 2023, the U.S. produced more oil than any country in history. This comes as fossil fuel and renewable energy subsidies face scrutiny.
