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Big 5 AI ‘hyperscalers’ are increasingly using debt to fund their operations, Bank of America says | Fortune

Amazon, Google, Meta, Microsoft, and Oracle are increasingly funding their operations through debt, according to Bank of America analyst Yuri Seliger. This year, these five “hyperscalers” have issued $121 billion in debt, including $27 billion alone to fund Meta’s...

A tale of two CEO successions: Walmart’s clean break vs. Target’s much-criticized transition | Fortune

A decade ago, on a Wednesday afternoon in September 2015, Target CEO Brian Cornell stood on stage at the Target Center arena in downtown Minneapolis beneath a Jumbotron projecting a chart showing how the retailer’s stock had dramatically outperformed...

Gold Reserve Provides Update on Mandamus Petition

Article contentPEMBROKE, Bermuda — Gold Reserve Ltd. (TSX.V: GRZ) (BSX: GRZ.BH) (OTCQX: GDRZF) (“Gold Reserve” or the “Company”) announces that today the Company’s Petition for Writ of Mandamus and request for oral argument were denied by the U.S. Court...

OpenAI’s Fidji Simo says Meta’s team didn’t anticipate risks of AI products well—her first task under Sam Altman was to address mental health concerns...

AI chatbots have been under scrutiny for mental health risks that come with users developing relationships with the tech or using them for therapy or support during acute mental health crises. As companies respond to user and expert criticism,...

The same day as his Epstein humiliation in the House, Trump rages at media’s questions while sitting next to Saudi crown prince | Fortune

President Donald Trump, it seems, has been in a grumpy mood.In the last 24 hours he’s berated three reporters in the Oval Office over questions on the release of the Epstein files, which the House just overwhelmingly voted to...

‘Bond King’ Jeffrey Gundlach warns of the next financial crisis: ‘It has the same trappings as subprime mortgage repackaging in 2006’ | Fortune

Jeffrey Gundlach, the billionaire founder and CEO of DoubleLine Capital, warned on Monday of an area he’s concerned about, and it’s not a bubble related to artificial intelligence. “The next big crisis in the financial markets, it’s going to...

‘The kids aren’t alright,’ warns top economist, as unemployed, pessimistic Gen Z living with parents blow a $12 billion hole in consumption | Fortune

Gen Z isn’t ok—that’s the official diagnosis from Oxford Economics, following a deep dive into the generation’s economic prospects. Indeed, the no-hire no-fire labor market, coupled with the asset headwinds of unaffordable housing and low wage growth, means the...

MI5 warns UK MPs over China spy threat

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.MI5 has warned UK MPs that China’s intelligence services are targeting people who work in parliament, in the aftermath of the...

Elon Musk revives billionaire beef with Bill Gates, says he better exit his ‘crazy short’ against Tesla soon or else add to his $1.5...

Elon Musk is apparently still not over the fact that Bill Gates bet against Tesla, even as his multi-million-dollar short has ballooned into a $1.5 billion loss.The Tesla CEO, on a victory lap after shareholders approved his massive $1...

Trump ‘dominates the political scene’ like no other recent U.S. president, says famed diplomat Kishore Mahbubani | Fortune

While many geo-political watchers claim Donald Trump has weakened the United States domestically and on the world stage, some experts argue that both the President —and the U.S.— should not be underestimated.“(Trump) stands out as a far more consequential...
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Warning signs appear on Mexican beach declaring area restricted by U.S. as Mexico rejects Trump offer to strike cartels

Mexican President Claudia  Sheinbaum on Tuesday ruled out allowing U.S. strikes against cartels on Mexican...
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