Atlanta Fed President Bostic to Retire Six Years Early
Raphael W. Bostic, the president of the Federal Reserve Bank of Atlanta, is retiring six years early. Bostic, 59, will step down in February,...
High-Stakes Wager: SoftBank Trades Chip Certainty for OpenAI’s Future
SoftBank has executed a definitive, high-stakes move, shedding its secure $5.8 billion position in the chip-manufacturing powerhouse Nvidia. This aggressive liquidation is solely intended...
“Mockery of Deals”: Add-On US Tariffs Threaten UK/EU Trade Stability
European industry leaders are warning that a new "add-on" tariff policy from the US "makes a mockery" of their existing trade deals. The US...
How Apple Will Pay Google $1B for AI Without Sharing User Data
Apple has solved its AI dilemma with a $1 billion-a-year check to Google and a "walled-off" privacy architecture. The company will use Google's 1.2...
$1 Trillion Pay Plan for Musk Sparks “Key Person Risk” Warning
Norway's sovereign wealth fund has issued a "key person risk" warning as its reason for rejecting Elon Musk's $1 trillion pay package.
The fund, a...
Russia’s Discounted Crude Finds No Takers in Fearful China
Russia's heavily discounted crude is finding no takers in a Chinese market gripped by fear. A new round of Western sanctions has successfully deterred...