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Russia’s Rosneft net income has fallen more than 68% to 245 billion roubles ($3 billion) in the first half of the year due to weak oil prices, Reuters reported on Aug. 30, citing industry sources. Oil prices were dragged down by production hikes by Saudi Arabia and other states of the Organization of the Petroleum Exporting Countries (OPEC+). The head …

China Has a Different Vision for AI. It Might Be Smarter. – WSJ  The Wall Street Journal China Warns Against ‘Disorderly Competition’ in Booming AI Race  Bloomberg.com China seeks to triple output of AI chips in race with the US  Financial Times China aims to triple AI chip output, reducing Nvidia’s dependency, FT says  Reuters China sets 10-year targets for mass AI adoption  Digital Watch …

President Trump has said that tariffs won’t lead to an uptick in inflation. Since President Donald Trump stared enacting tariffs earlier this year, everyone from Federal Reserve Chairman Jerome Powell to the average retail investor has been trying to figure out how they will affect the economy and whether they will reignite inflation. So far, the economy and inflation seem …

Lawmakers have known for decades that U.S. entitlement programs are on unsustainable paths as demographics inevitably skew the population older. Attempts to come up with a fix have gone nowhere, but the expected insolvency of the Social Security and Medicare trust funds by 2034 will serve as a catalyst, with the bond market forcing Congress to bite the bullet, according …

Jean Chatzky warns Americans on Social Security  TheStreet Social Security and Medicare cuts are coming because the bond market will force Congress: economist  Fortune Rockford-area seniors worry about future of Social Security benefits  WIFR How should I prepare for retirement in my 20s in case Social Security goes away?  Chicago Sun-Times How Gen X can prevent the Social Security disaster scenario  Fast Company Source link

This is The Stepback, a weekly newsletter breaking down one essential story from the tech world. For more on all things AI, follow Hayden Field. The Stepback arrives in our subscribers’ inboxes at 8AM ET. Opt in for The Stepback here. It all started with J.A.R.V.I.S. Yes, that J.A.R.V.I.S. The one from the Marvel movies. Well, maybe it didn’t start …

Last week a $23 billion deal between AT&T and DISH’s parent company EchoStar Corporation agreed to sell off valuable wireless spectrum licenses has reignited speculation about a long-dormant merger between satellite TV giants DirecTV and DISH Network. The transaction, announced earlier this week, marks a pivotal retreat for EchoStar—controlled by billionaire founder Charlie Ergen—from its ambitious vision of transforming DISH …

If you see this, your Gmail account issues under attack. NurPhoto via Getty Images Republished on August 31 with new advice following Gmail attack warnings. Google is clearly frustrated by countless headline warnings of “2.5 billion Gmail accounts exposed as massive hack uncovered.” This is not the case and Google Cloud and Gmail data was not affected in the recent …

Costco’s early shopping hours rule to be enforced starting Labor Day (COST:NASDAQ)  Seeking Alpha Costco set to enforce new rule starting September 1: Everything you need to know  Yahoo News Canada Costco’s executive member shopping hours set to take effect across stores  USA Today Costco’s new shopping policy officially starts Monday  KOLN | Nebraska Local News, Weather, Sports | Lincoln, NE Costco’s controversial shopping …

As Amtrak unveils new Acela trains, high-speed rail eludes Albany  Times Union Amtrak’s new high-speed Acela train a gamechanger for Northeast travelers  CBS News Amtrak is launching its faster NextGen Acela with better amenities after years of delays. Here’s what you need to know  CNBC Amtrak Debuts New High-Speed Acela Trains After Years of Delays  Bloomberg.com “All Aboard” – Amtrak NextGen Acela trains debut …