US Treasury Secretary Scott Bessent defended his bond buyback program in contentious congressional hearings Tuesday, as the 10-year Treasury yield climbed to its highest level since the 2007 global financial crisis. Bessent suggested the spike could have been worse without Treasury’s intervention; he also defended a separate operation to prop ...
Month: September 2026
Iran war cost US $38bn and significantly depleted missile stockpile, report findsIran war cost US $38bn and significantly depleted missile stockpile, report finds
Damaging budget report estimates cost would grow $3bn per month and stockpile could take five years to rebuild The war in Iran has cost the US at least $38bn and left its stockpile of defensive missiles so depleted it could take five years to rebuild, the non-partisan Congressional Budget Office ...
AI Agent Platform Reinvents Spam, Floods Inboxes WorldwideAI Agent Platform Reinvents Spam, Floods Inboxes Worldwide
Many years ago, in the early days after email was widely adopted, the technology faced an existential crisis: Spam. Instantly sending people electronic mail was revolutionary and convenient, but inboxes were quickly flooded with unwanted messages, advertisements, scams and other noise that drowned out email’s utility. The fact that Google ...
All support acts on Ed Sheeran’s US tour quit after Macklemore droppedAll support acts on Ed Sheeran’s US tour quit after Macklemore dropped
The star said he was not responsible for Macklemore being dropped from the line-up after he made pro-Palestinian statements on stage. ...
New AI tool lets influencers ‘scale themselves like software’New AI tool lets influencers ‘scale themselves like software’
The News The tech-focused creator Emily Higgins is speaking directly into the camera about the importance of a good hook for a social media video — she does what looks like three takes, each with a slightly different script. But Higgins only filmed one video. The other two were AI-edited, ...
Slowing AI development could boost hyperscaler balance sheetsSlowing AI development could boost hyperscaler balance sheets
Any slowdown in AI spending would let hyperscalers catch their financial breath and ease their reliance on borrowing to fund their buildouts. A Semafor review of analyst estimates finds that at current projections, as tracked by S&P Capital IQ, Amazon, Alphabet, Meta, and Microsoft are expected to spend $66 billion ...
AI is doing what Wall Street couldn’tAI is doing what Wall Street couldn’t
Liz’s view Chuck Prince, CEO of Citigroup from 2003 to 2007, is remembered for one quote that captured the greed and spinelessness of Wall Street bosses chasing riches while steering the global economy toward a cliff: “As long as the music is playing, you’ve got to get up and dance. ...
Slotkin, Peters urge fellow Democrats to help El-SayedSlotkin, Peters urge fellow Democrats to help El-Sayed
The Scoop Michigan Democratic Sens. Elissa Slotkin and Gary Peters will implore their colleagues on Tuesday afternoon to help Democratic nominee Abdul El-Sayed in the state’s must-win Senate race, according to a person familiar with their plans. The duo will ask the Democratic Caucus at its first full meeting since ...
AI biotech Isomorphic Labs is not slowing down, exec saysAI biotech Isomorphic Labs is not slowing down, exec says
The News Not all AI companies want to slow down. Chris Butler, who runs drug discovery at Isomorphic Labs, the Google-backed drug company started by DeepMind founder Demis Hassabis, pushed back against the suggestion that calls by OpenAI, Anthropic, and other AI leaders to pace frontier would slow his company ...
Houthis threaten more Saudi strikes as UN warns of humanitarian crisis in YemenHouthis threaten more Saudi strikes as UN warns of humanitarian crisis in Yemen
Estimated 100,000 Yemenis displaced amid renewed fighting as Qatar sounds alarm over Bab al-Mandab strait Saudi cities faced the threat of a second day of Houthi attacks as fighting across Yemen led the UN to warn of a humanitarian crisis with 100,000 Yemenis already displaced. As oil prices remained well ...