Business

Meet the lawyer challenging Trump’s Fed firing — and defending other targets of Trump’s retribution – Politico

Meet the lawyer challenging Trump’s Fed firing — and defending other targets of Trump’s retribution  Politico How an obscure housing director launched Trump’s firing of Fed governor Lisa Cook  CNN Trump White House pressures Fed Governor Lisa Cook to go on leave as lawsuit looms  CNBC Get Ready for the End of Fed Independence  The Wall Street Journal Yellen blasts Powell’s ‘unlawful’ firing of …

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China seeks to triple output of AI chips in race with the US

China’s chipmakers are seeking to triple the country’s total output of artificial intelligence processors next year, as Beijing races the US to develop the most advanced AI. One fabrication plant dedicated to producing Huawei’s AI processors is scheduled to start production as soon as the end of this year, while two more are due to launch next year, said two …

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FDA approves updated COVID-19 shots but with some limits

FDA approves updated COVID-19 shots but with some limits

WASHINGTON (AP) — U.S. regulators approved updated COVID-19 shots Wednesday but limited their use for many Americans — and removed one of the two vaccines available for young children. The new shots from Pfizer, Moderna and Novavax are approved for all seniors. But the Food and Drug Administration narrowed their use for younger adults and children to those with at …

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AI Is Crushing the Early Career Job Market, Stanford Study Finds

AI Is Crushing the Early Career Job Market, Stanford Study Finds

If you suspected that AI is taking jobs away from young workers, there is now data to back this up. Three economists at Stanford University’s Digital Economy Lab —professor Erik Brynjolfsson, research scientist Ruyu Chen, and postdoctoral fellow Bharat Chandar— published a paper on Tuesday that found early-career workers aged 22 to 25 in the most AI-exposed jobs “have experienced …

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OpenAI will add parental controls for ChatGPT following teen’s death

OpenAI will add parental controls for ChatGPT following teen’s death

After a 16-year-old took his own life following months of confiding in ChatGPT, OpenAI will be introducing parental controls and is considering additional safeguards, the company said in a Tuesday blog post. OpenAI said it’s exploring features like setting an emergency contact who can be reached with “one-click messages or calls” within ChatGPT, as well as an opt-in feature allowing …

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Senior Trump official says president hasn’t decided when to nominate replacement for Lisa Cook – US politics live | US politics

Senior Trump official says president hasn’t decided when to nominate replacement for Lisa Cook – US politics live | US politics

Senior Trump official says president hasn’t decided when to nominate replacement for Lisa Cook Kevin Hassett, the director of the White House National Economic Council, said on CNN today that Donald Trump hasn’t “made a final call” on when he plans to nominate a replacement for Lisa Cook – the Federal Reserve governor he moved to fire this week. Hassett’s …

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Wall St edges up ahead of Nvidia results; spotlight on tech valuations – Reuters

Wall St edges up ahead of Nvidia results; spotlight on tech valuations  Reuters Nvidia reports second-quarter earnings after the bell  CNBC Stock market today: Dow, S&P 500, Nasdaq wobble in countdown to Nvidia earnings report  Yahoo Finance Why investors are on tenterhooks for Nvidia’s latest earnings report  Al Jazeera Nvidia earnings to provide a glimpse at the effects of the US-China trade war  CNN Source …

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Nvidia Stock May See Its Biggest Post-Earnings Move in a Year This Week

Nvidia Stock May See Its Biggest Post-Earnings Move in a Year This Week

Artificial intelligence bellwether Nvidia (NVDA) is slated to report quarterly results after markets close later today, with traders prepared for a big stock move. Nvidia’s stock is expected to move approximately 6.2% in either direction by the end of the week, according to options pricing data. That big of a move from Tuesday’s close would put shares at either $192.88, …

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