Why an indicator that has foretold almost every recession doesn’t seem to be working anymore
The situation has many on Wall Street scratching their heads about why the inverted curve has been so wrong this time
How to ’emotionproof’ your portfolio ahead of the presidential election
There are steps you can take to keep your emotions in check and prevent election jitters from jeopardizing your portfolio.
Ford shares tumble 13% after massive earnings miss
The automaker increased its target for free cash flow but maintained its 2024 earnings guidance, disappointing some investors who had hoped for a hike.
Salt Lake City to host 2034 Winter Games while French Alps get tentative 2030 nod
The Winter Games will return to their 2002 site in the Utah capital.
Mortgage demand drops, as homebuyers wait for lower rates
Mortgage interest rates eased very slightly last week, but not enough to get today’s potential homebuyers off the fence.
10-year Treasury yield dips as investors closely monitor economic data
Treasury yields slipped on Wednesday as investors looked ahead to a fresh batch of economic data and considered the outlook for the U.S. economy.
Elon Musk wants Tesla to invest $5 billion into his newest startup, xAI — if shareholders approve
During the Tuesday earnings call, shareholders asked Musk whether Tesla might invest in xAI and integrate xAI’s software, named Grok, into its vehicles.
Tesla’s profit margin is getting hammered by EV discounts and hefty AI spending
Tesla’s adjusted operating margin shrank to its lowest in three years in the second quarter, contributing to a plunge in the stock price.
OpenAI reassigns top AI safety executive Aleksandr Madry to role focused on AI reasoning
OpenAI last week removed Aleksander Madry, one of OpenAI’s top safety executives, from his role, reassigning him to AI reasoning, according to sources.
AI startup Cohere cuts staff after $500 million funding round
Cohere, the artificial intelligence startup founded by ex-Google AI researchers and backed by Nvidia, cut about 20 roles on Tuesday, CNBC confirmed.
