Markets
Africa’s richest man aiming to make $23bn from continent’s biggest-ever IPO
Public offering of Aliko Dangote’s Nigerian oil refinery business could swell his net wealth by two-thirds
Markets
Markets
Fed Rate Hike Takes Center Stage in Packed Central Bank Week
(Kitco News) – The gold market delivered its fourth straight positive weekly performance, helped considerably by the announcement of a ceasefire between Israel and Hezbollah and the full reopening of the Strait of Hormu…
Markets
OpenAI boss Sam Altman spells out how and why the AI industry wants to slow down: 'We could lose control'
OpenAI chief Sam Altman has made his most detailed comments yet on how AI safety frameworks could work, after he joined Anthropic's Dario Amodei and Elon Musk in calling for an industry slowdown over the weekend.
Markets
Why the election could make Washington's looming next fiscal crisis harder
Washington's next fiscal crisis looms right around the corner. Fixing it could be hard.
Markets
European tech stocks hit six-week low as calls for AI slowdown worry investors – business live
AI-linked stocks fall after tech bosses call for slowdown in ‘reckless’ development
Markets
Shein shares fall 10% amid urgent recall of contact-lens cleaner by Australia, New Zealand
Shares of fast-fashion company Shein fell as much as 10% in Hong Kong, amid news that one of its contact lens products has been recalled by Australia and New Zealand.
Markets
Viral AI Doomer Tweet: Engineered Panic?
Without the artificial intelligence boom, the U.S. economy and stock market would be much weaker than they are today. In fact, artificial intelligence capital expenditures and related tech investments currently account …
Markets
LA Clippers owner Steve Ballmer apologizes over team sanctions
Los Angeles Clippers owner Steve Ballmer has apologized almost two weeks after a broad array of sanctions was slapped on the team by the National Basketball Association.
Markets
Cadbury cut two months off its supply chain lead time for a key chocolate-bar ingredient in one move
American snack giant Mondelez International is cutting at least two months from its supply-chain lead time for a key ingredient used in Cadbury chocolate.
Markets
Anthropic walks tightrope to Nasdaq, pushing for a slowdown while pursuing $2 trillion valuation
While the Claude creator meets with prospective investors ahead of its potentially historic debut, co-founder and CEO Dario Amodei is pushing a concept that would seem to contradict those ambitious efforts: a slowdown.
Markets
Stocks Shake Off CPI Report and Rally on Lower Oil Prices
The S&P 500 Index ($SPX) (SPY) on Friday rose by +0.86%, the Dow Jones Industrial Average ($DOWI) (DIA) rose by +0.98%, and the Nasdaq 100 Index ($IUXX) (QQQ) rose by +0.91%. E-mini S&P futures (ESU26) rose +0.83%, and …
Markets
Z.ai shares tumble over 10% after $5 billion fundraising, its second major raise in two months
Shares of Chinese artificial intelligence company Z.ai tumbled more than 10% on Monday after the company announced plans to raise about $5 billion through a new share placement and convertible bond sale, marking its sec…
Markets
Baker Hughes sees no slowdown in energy projects despite higher rates as AI buildouts stoke LNG demand
Baker Hughes has yet to see higher borrowing costs slow investment in major energy projects, with its chief executive pointing to robust demand for natural gas and power from the global buildout of artificial intelligen…
Markets
Amazon to pause operations with 21Air after deadly crash
Investigators have revealed that the crew of the Amazon Air aircraft that crashed over the ...
Markets
The 10-year Treasury is closing in on 5%. How it gets there matters more
The 10-year Treasury yield is once again closing in on the psychologically important 5% threshold. For investors, the biggest issue may be what drives it across the line.
Markets
These are the 10 biggest retirement fears — and what you can do about them
Join over half a million readers using Kiplinger's insights to make smart financial decisions. Profit and prosper with our expert guidance on investing, taxes and retirement, and more. Delivered daily.
Markets
Houthis’ Yemen advance leaves Gulf states with uncomfortable choice
ANKARA, Sept 13 (Reuters) - The Houthi capture of Yemen’s Red Sea coastline is reshaping the balance of power in the Gulf, strengthening Iran’s hand and confronting Saudi Arabia and its neighbours with a difficult choic…
Markets
Washington scrambles to meet calls for AI guardrails while the window to act closes
Washington is scrambling to address renewed fears over artificial intelligence, as leading U.S. companies sound the alarm over technology they say is advancing beyond their control.
Markets
Stocks Shake Off CPI Report and Rally on Lower Oil Prices
The S&P 500 Index ($SPX) (SPY) on Friday rose by +0.86%, the Dow Jones Industrial Average ($DOWI) (DIA) rose by +0.98%, and the Nasdaq 100 Index ($IUXX) (QQQ) rose by +0.91%. E-mini S&P futures (ESU26) rose +0.83%, and …
Markets
Viral AI Dommer Tweet: Engineered Panic?
Without the artificial intelligence boom, the U.S. economy and stock market would be much weaker than they are today. In fact, artificial intelligence capital expenditures and related tech investments currently account …
Markets
Pay is back on the rise for job switchers, even in low-hire job market
Opposition to an easing bias continues to spread among the Committee, with Collins, Musalem and Goolsbee explicitly siding with the dissenters. None are too surprising, and there are likely at least seven regional Fed P…
Markets
Anthropic's Amodei says China presents 'toughest dilemma' for his proposed AI slowdown
Anthropic CEO Dario Amodei said Sunday that the "toughest dilemma" about his proposal to slow the advancement of artificial intelligence is what happens if adversarial nations, namely China, choose not to do the same.
Markets
Cummins Returned 512% in a Decade. Its Dividend Did Something Even More Impressive
Cummins kept raising its dividend through the 2008 financial crisis, through every brutal truck cycle since, and straight into a hydrogen bet that has already burned hundreds of millions. The stock tells one story, but …
Markets
Vessel struck in Strait of Hormuz, UKMTO says, as prospects for U.S.-Iran diplomacy appear elusive
A vessel was struck in the Strait of Hormuz, the United Kingdom Maritime Trade Operations Centre said Sunday, as direct negotiations between the U.S. and Iran appeared no nearer to resuming.