NEWS

Kevin Warsh might have to get a lot less popular on Capitol Hill as bond yields soar and rate expectations turn hawkish | Fortune

Kevin Warsh has—so far—managed to walk the line between his popularity in the White House and reassuring markets of Fed independence.That balance is getting more precarious, as data is shaping up towards expectations for another base interest rate hike...

Australia says rogue OpenAI model hacked into its healthcare system, admonishes Sam Altman

A rogue OpenAI model bypassed safeguards during training and hacked an Australian government website, the country's Prime Minister Anthony Albanese said Wednesday, admonishing the ChatGPT creator over an "obviously unacceptable" breach.The artificial intelligence tool sought...

As Trump meets Xi, rare earths give China a powerful hand

China’s chokehold over rare earths has informed the White House’s less confrontational approach to Beijing, analysts say. Source link

Netanyahu faces new depths of isolation ahead of address to U.N. — and Israeli voters

NEW YORK — Weeks ahead of high-stakes elections, Israeli Prime Minister Benjamin Netanyahu arrives in New York to address the United Nations on Thursday at a critical moment for his country and political future, with Israel under intensifying isolation...

Skyrocketing diesel prices rattle Republicans as midterms approach

Diesel fuel, which powers the global economy and the American heartland, is hitting record prices as the war in the Middle East intensifies, leaving Republican candidates reeling and contemplating extreme steps that economists warn could only increase pain for...

Judge orders White House to restore press passes for CNN, Politico and MS NOW

A federal judge has granted CNN, Politico and MS NOW a temporary restraining order requiring the White House to restore the outlets’ hard-pass press credentials.The order requires the defendants, excluding President Donald Trump, as well as their agents and...

Vietnam is finally a FTSE emerging market—yet it’s the country’s banks, not its exporters, that’ll benefit most | Fortune

Vietnam’s long-awaited upgrade to emerging market status is an “important milestone” for the country, experts say, yet they also warn that the inflow of foreign money will go toward companies that bear little resemblance to the country’s export-manufacturing economy.On...

How much is Kalshi really worth? A detailed report says as much as $42 billion—if everything goes right | Fortune

Since prediction markets exploded in popularity in 2024, the industry’s two leading players, Kalshi and Polymarket, have been raising staggering amounts of money. In the case of Kalshi, the startup notched a $1 billion Series F in May that...

Meta announces new lightweight virtual reality glasses to one-up Apple’s Vision Pro | Fortune

Meta and Apple are fierce rivals, and on Wednesday, the Facebook creator upped the ante by announcing new lightweight virtual reality glasses that make Apple’s Vision Pro headset look like bulky old tech.Mark Zuckerberg showed off Meta’s new glasses,...

They were labelled ‘pervert glasses’. Will a camera-free version transform their image?

And other companies are trying to address privacy concerns in different ways - without getting rid of the camera.The Taiwanese firm HTC recently launched Vive Eagle glasses, which cost less than a quarter of Snap's.Thomas Dexmier, a vice president...
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Riot police clash with students as education protests rage in France

On Friday, a 17-year-old was arrested on suspicion of attempted homicide after protests in Belfort, north-eastern France, where a...
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