Sam Altman Kills OpenAI IPO, Cites AI Extinction Risk
Sam Altman has decided that now is probably not the best time to take a company public when researchers at a rival firm are warning that said company's core product might extinction-event humanity. OpenAI will not hold its IPO in 2026, Altman told Fortune in an interview...
Netherlands Just Pulled 86 Tons of Gold Out of America
The Netherlands just physically moved 86 tons of gold out of the United States and Canada, calling it a hedge against "extreme systemic...
Fed Set to Hike Rates for First Time Since 2023 as Oil War Burns
Diesel just broke six dollars a gallon, oil is trading above $100 a barrel, and the Federal Reserve is now almost certain to raise interest...
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Diesel Hits $6 a Gallon. Your Groceries Are Next.
The Iran War Is Now Crashing the Housing Market Too
Treasury's $6B Bond Buyback Won't Fix a $40 Trillion Problem
Gold Is Doing Backflips Before the Fed Meets Next Week
Bessent Tried to Cool Bond Markets. They Got Worse Immediately.
Anthropic Built a Tool Showing AI Could Hit 14% Unemployment. Then Told Policymakers to 'Get Ready to Spend.'
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Your Grocery Store Wants to Charge You More Based on Your Personal Data
Your grocery store wants to charge you more for allergy medicine when pollen counts are high. It wants to change prices multiple times a day based on your...
Trump Promised $2 Gas. Oil Just Hit $100 a Barrel.
On Monday, Donald Trump posted on social media that oil prices would drop to two dollars a gallon once America wins the war with Iran. On Wednesday, oil hit...
Bessent Is 'Sick of' the K-Shaped Economy. He Just Invented a Worse Letter.
The top one percent of Americans own one third of all the wealth in this country. The bottom half own less than three percent. Treasury Secretary Scott...
Diesel Hits $5.85 as Trump's Iran War Drains Americans at the Pump
Americans are paying more for diesel than at any point in recorded history, and the guy responsible is now pitching a Venezuela oil deal as the fix. Diesel...
13 Million Jobs Sitting on a Private Equity Time Bomb
Private equity firms are currently sitting on over 13,500 companies they cannot sell, loaded with debt, staffed by millions of workers, and propped up by a...
Jobs Market Posts Third-Worst Month of Year After Losing 23K Jobs in July
The U.S. economy shed 23,000 jobs in July. Now August is expected to add a grand total of 53,000 — which, in a country of 330 million people, is approximately...
Uber Fires 3,000 People, Stock Goes Up 2%
Uber announced it is eliminating more than 3,000 jobs worldwide, roughly 10% of its entire global workforce, and the stock went up nearly 2%. That's the story....
DOJ Sends Beef Price Warning Letters to Walmart, Costco, Amazon, and Five Other Giants
The Department of Justice just sent strongly worded letters to eight of the largest grocery retailers in America, including Walmart, Costco, and Amazon, over...
US Borrowing Costs Hit 18-Month High as Oil, Inflation Gang Up
The 10-year Treasury yield just climbed to 4.79%, its highest point since January 2025, oil is sitting above $92 a barrel, and Fed officials are now openly...
Apple Sues OpenAI for Allegedly Poaching Staff to Steal Hardware Secrets
Apple is accusing OpenAI of using Apple's own employees as moles to extract the company's most closely guarded hardware secrets. Two of the most secretive,...