SpaceX Lock-Up Rally Shows Investors Got The Selloff Wrong
The recent surge in SpaceX shares following the expiration of its first major lock-up period suggests that investors may have overplayed their hand. On paper, the setup looked like a…
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Meta says its AI model hacked another company, adding to worries about bots going rogue
Meta revealed on Thursday that one of its artificial intelligence models independently accessed the internet and hacked into another company, marking the latest instance of high profile AI systems behaving…
SpaceX hit by surging AI costs as insiders prepare to sell their shares
For a rocket company, SpaceX is spending a lot of money to build out its AI capacities. Too much, according to investors. The company reported revenue in its first quarterly…
RBI keeps repo rate unchanged at 5.25% as volatile oil prices cloud inflation outlook
The Reserve Bank of India (RBI) on Wednesday kept its benchmark repo rate unchanged at 5.25% and retained its neutral monetary policy stance, choosing to wait for greater clarity on…
ADP report: US private employers added 44,000 in July, well below forecasts
Hiring at US private companies slowed sharply in July, with healthcare accounting for the bulk of new jobs as employers adopted a more cautious approach to recruitment amid shifting economic…
Trump’s $100 billon tariff refund may leave consumers paying the final bill
The US government has returned about $100 billion to businesses that paid Donald Trump’s “Liberation Day” tariffs. The amount includes duties and interest and covers more than half of the…