Oil fell to its lowest price in a week on Tuesday following an uneasy lull in the US-Iran conflict, though uncertainty over negotiations lingered and the US reported thwarting an attempted surprise missile attack from Iran. While diplomats signaled progress in Oman-Iran talks to let more ships through the Strait ...
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Trump meets with Zelenskyy, NetanyahuTrump meets with Zelenskyy, Netanyahu
The leaders of Ukraine and Israel sought to curry US President Donald Trump’s favor during their visits to the White House on Tuesday. The separate, closed-door meetings come at a critical time for Volodymyr Zelenskyy — whose stock with Trump is rising — and Benjamin Netanyahu, whose influence is waning. ...
US bans import of new Chinese robotsUS bans import of new Chinese robots
The US government on Tuesday effectively banned imports of new Chinese robots, curbing the global ambitions of an industry Beijing has positioned as a major new growth driver. Washington’s communications agency added all new foreign-made humanoids and quadrupeds to a list of gear considered a national security risk. US robot ...
Big Oil’s risky profit spikeBig Oil’s risky profit spike
Big Oil will be back in the hot seat this week, as companies post what are expected to be bumper second-quarter profits driven by the war in Iran. What’s good for consumers is bad for oil investors: Share prices for Chevron and ExxonMobil ticked down over the past couple of ...
AI labs flock to the Bank of JensenAI labs flock to the Bank of Jensen
Liz’s view OpenAI and Anthropic need to borrow a lot of money but they don’t have profits or a track record of creditworthiness. Enter Jensen Huang. Nvidia’s $250 billion backstop to OpenAI will let the money-burning AI lab lease space at the largest data center ever built. OpenAI doesn’t have ...
Chinese open-weight models reignite AI safety debateChinese open-weight models reignite AI safety debate
The rapid rise of Chinese open-weight AI reignited the US debate over how to balance safety and security risks while driving the growth of the American tech ecosystem. Some fear that Silicon Valley will get hooked on cheap Chinese AI that’s accused of ripping off American labs, introducing “various baskets ...
China demonstrates ability to overcome AI compute shortageChina demonstrates ability to overcome AI compute shortage
China’s chipmakers saw a 2,850% jump in first-half profits, suggesting Beijing’s efforts to build a domestic semiconductor industry are starting to pay off. The momentum was further bolstered by the blockbuster listing of memory chipmaker CXMT, seen as China’s best hope of building self-sufficiency. CXMT’s stock soared 466% on debut, ...
South Africa targets political figures to chair Africa’s biggest fundSouth Africa targets political figures to chair Africa’s biggest fund
The Scoop South Africa’s finance minister is weighing appointing political allies to chair Africa’s largest pension fund manager, two sources familiar with his thinking told Semafor, a move that would keep the state’s control over the $200 billion state-owned money manager. Enoch Godongwana is weighing either Zuku Godlimpi, deputy minister ...
Abandoned Russian shadow-fleet tanker leaks oil off OmanAbandoned Russian shadow-fleet tanker leaks oil off Oman
The News A tanker that is part of Russia’s so-called shadow fleet and which is under European sanctions is leaking oil into the sea off the coast of Oman, according to expert analysis of satellite imagery. The Caroline Bezengi, a 274-meter Suezmax vessel, had loaded oil at the Russian port ...
Bloomberg’s post-Mike moves are in motionBloomberg’s post-Mike moves are in motion
The Scoop In the decades since Michael Bloomberg founded his bond-pricing data provider and built it into a media and markets giant, the question has swirled on Wall Street: What does he plan to do with it? Some clues: Executives from the company have been having preliminary talks with investment ...