California Gov. Gavin Newsom plans to appoint Laphonza Butler, the president of Emily's List, as the replacement for Sen. Dianne Feinstein, ensuring Democratic control of the Senate and fulfilling Newsom's promise to appoint a Black woman to the position.
Bob Smith, CEO of Blue Origin, has announced his resignation, with Dave Limp, a senior executive at Amazon, named as his replacement; Smith's departure follows tensions and criticisms surrounding the company's leadership and work environment, while Blue Origin continues to compete with SpaceX in the space industry.
China Evergrande Group Chairman Hui Ka Yan is being investigated for alleged offshore asset transfers, further complicating the company's efforts to restructure its debt and complete unfinished projects.
Humane, a startup founded by ex-Apple executives, has unveiled the "Ai Pin," a wearable AI assistant device that features a screenless, standalone design and AI-powered functions, and was first worn by supermodel Naomi Campbell at a Paris fashion show.
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Activist investor Bill Ackman expresses his admiration for Elon Musk and suggests that a deal between Musk and X (formerly known as Twitter) would be welcome, pointing out X's crushing debt load as a possible reason for Musk to agree to the deal and take a part of X public again.
The collapse of crypto exchange FTX was influenced by the philosophy of effective altruism, leading to increasingly risky and bizarre actions justified under the ideology, according to a former software engineer at Alameda Research. The founder, Sam Bankman-Fried, believed in and espoused the principles of effective altruism, which contributed to the company's downfall. Bankman-Fried's commitment to his allegedly altruistic motives may be why he maintains his innocence despite substantial evidence against him.
FTX founder Sam Bankman-Fried reportedly considered paying Donald Trump $5 billion to stay out of the 2024 GOP presidential primary race, with experts suggesting that such a payment could be legal under federal election laws.
Amazon has started discounting several Echo devices ahead of its Prime Big Deal Days event, with the best deals including the Echo Show 5 for $39 and the Echo Pop for $17, making it a good time to buy.
Tom Hanks denounces an ad featuring an AI version of him selling dental insurance, highlighting the unethical use of AI-generated content.
An exhibition at the Musée d’Orsay in Paris features Vincent van Gogh's last works, including an AI version of the artist himself that answers questions based on his letters, as well as a virtual reality experience based on his last paint palette.
Google is introducing a "help me script" feature powered by generative AI that allows users without coding experience to build automations in the Google Home Script Editor using natural language prompts.
Google is unveiling a new range of Chromebook Plus devices that offer double the performance, storage, and memory, all powered by Google AI, with prices starting at $400.
Payday 3 maker Starbreeze Studios has announced that the matchmaking issues that plagued the game during its launch week have been fixed, with a big patch planned for early October to address over 200 improvements and new content.
Apple has added all first-generation Apple Watch models to its obsolete products list, meaning they are no longer eligible for repairs or service.
A California federal judge has ruled that Tesla owners who claim the company misled the public about its autopilot features must pursue their claims in individual arbitration rather than court, a win for Tesla and a blow to potential class action claims.
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Multiple Amazon customers have reported receiving suspicious emails confirming gift card purchases they did not make, prompting the e-commerce giant to apologize for the error and highlight the ongoing threat of phishing scams.
NVIDIA Corp., a major player in artificial intelligence, has experienced significant growth in the AI space and has become a valuable investment opportunity, with analysts believing that its stock price of $1,000 per share is within reach.
Kellogg's cereal business, now known as "Kellanova," began trading on the NYSE after being spun off from its parent company, with snacking brands like Pringles and Cheez-It among its portfolio, while shares of Kellanova fell 3% in morning trading and WK Kellogg's stock fell 5%.
China Evergrande's founder, Hui Ka Yan, once a symbol of China's economic rise, is now under investigation and facing an uncertain future as his real estate empire teeters on the brink of collapse.
Bitcoin aims for $28,500 as it continues its bullish start to October, despite caution from analysts and a strong rebound in the U.S. dollar.
Stocks opened mixed on Monday, with the Nasdaq starting the new quarter in the green after US lawmakers averted a government shutdown and as auto deliveries data rolled in.
Former Abercrombie & Fitch CEO and his partner have been accused of exploiting men for sex at events they hosted globally, according to an investigative documentary by BBC Panorama.
The World Bank has lowered its growth forecast for developing East Asia and the Pacific, citing a sluggish China, dampened trade, and high debt levels as factors contributing to the downgrade.
The National Security Agency (NSA) has launched an artificial intelligence security center to protect defense and intelligent systems, as well as safeguard against external AI-based threats.
New Chromebook Plus Models Launch with Improved Performance and Creativity Features Starting at $399
Google is introducing a new device category called Chromebook Plus, which offers guaranteed specifications and additional software features, aiming to simplify the shopping process for Chromebook buyers.
Getty Images has introduced a new AI image-making service called Generative AI, which allows customers to create unique images trained on the company's own library of human-made photos, offering a commercially viable alternative to other AI-generated image services that allegedly infringe on creator rights.
Bitcoin surged over 4.5% to reach its highest level in more than a month, while Ether crossed over $1,700 as crypto prices rallied on Monday, with the catalyst for this sudden move not immediately clear but potentially linked to the launch of several ether futures ETFs, indicating a positive sign for the crypto industry.
Bitcoin (BTC) reaches over $28,000, its highest price in over a month, driven by optimism about ETFs and seasonal trends, while other cryptocurrencies like ether (ETH) and Solana's SOL tokens also experience gains.
German sandals maker Birkenstock is aiming for a valuation of up to $9.2 billion in its New York initial public offering (IPO), representing another test for the IPO market.
Shimano is recalling 680,000 units of its bicycle cranksets due to the risk of separation and breakage, which can lead to crashes and injuries.
Billionaire entrepreneur Elon Musk mocks Ukraine's president, Volodymyr Zelenskyy, with a meme criticizing his calls for Western aid, leading to backlash from Ukrainians and media organizations.
The summer's positive economic indicators, such as lower inflation and strong job numbers, have led to optimism that the US will avoid a recession, but factors such as a potential auto strike, the resumption of student-loan repayments, and a government shutdown could contribute to a downturn. The combined impact of these factors, along with others like higher interest rates and oil prices, suggests that a recession may be looming.
The current market is divided between believers and skeptics of artificial intelligence, with the former viewing the recent surge in AI stocks as a long-term opportunity, while the skeptics see it as a short-term bubble; two top performers in the AI sector this year are Nvidia and Super Micro Computer, both of which have built business models optimized for AI computing over the past couple of decades, giving them a competitive edge; however, while Nvidia has a strong head start, competitors such as AMD and Intel are also aggressively pursuing the AI market; when it comes to valuation, both Nvidia and Super Micro appear cheaper when considering their potential growth in the AI industry; in terms of market share, Nvidia currently dominates the general-purpose AI GPU market, while Super Micro has made significant strides in expanding its market share in the AI server market; ultimately, choosing between the two stocks is a difficult decision, with Super Micro potentially offering better prospects for improvement and a lower valuation.
Congress passed a stopgap funding bill to avert a government shutdown, with the final vote in the Senate being 88 to 9, and the bill will keep the government funded through November 17.
U.S. Treasury yields rise as investors assess interest rate outlook and await economic data, with the 10-year yield approaching a 15-year high reached last week.
Rep. Matt Gaetz plans to file a motion to vacate Speaker Kevin McCarthy's role this week, escalating the standoff between McCarthy and the right flank of his conference after working with Democrats to avoid a government shutdown on Saturday.
TikTok is testing an ad-free monthly subscription plan for $4.99 per month in the US, indicating a shift in its revenue model.
Asian markets may be boosted by positive sentiment following a deal to prevent a U.S. government shutdown, but mixed Chinese data and a struggling economy may put a dampener on gains; central bank decisions and inflation data will also be watched closely this week.
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Democratic Rep. Dean Phillips of Minnesota is stepping down from his House Democratic leadership position due to his disagreement with the party's support for President Joe Biden's 2024 reelection bid, expressing his conviction that Biden should not run for another term.
Rivian Doubles Vehicle Production in Q3, Beats Expectations and Remains on Track to Hit 2022 Targets
Rivian reported higher-than-expected Q3 production and delivery numbers, putting the company on track to surpass its annual estimates and produce 52,000 vehicles in 2023.
