Reported about 1 hour ago
Japan's trade agreement with the United States remains unresolved as it awaits presidential orders on tariffs for pharmaceuticals and semiconductors. Ryosei Akazawa, Japan's top tariff negotiator, indicated that while some tariff adjustments have been made for automobiles, the most-favoured-nation status for the critical sectors is still pending, necessitating further negotiations.
Source: YAHOO
Reported about 5 hours ago
In the early months of President Trump's renewed term, the U.S. job market has deteriorated significantly, with only 22,000 jobs added in August and the unemployment rate rising to 4.3%. Amid growing inflation and widespread layoffs in manufacturing and construction, Trump's optimistic projections about economic growth are being challenged. Critics argue that his policies are harming the economy, while Trump's claims of impending job growth clash with disappointing job data. As voters become increasingly concerned about inflation, Trump's administration seeks patience from Americans, despite mounting pressure to demonstrate tangible economic improvements.
Source: YAHOO
Reported about 5 hours ago
OpenAI has significantly increased its cash burn projection to $115 billion by 2029, driven by escalating expenses to support its ChatGPT technology. The revised estimate is $80 billion more than previously expected, with the company anticipating over $8 billion in expenses for this year alone. To mitigate these costs, OpenAI plans to develop its own data center server chips, launching its first AI chip next year in collaboration with Broadcom. Additionally, the company is enhancing partnerships with Oracle and Google Cloud for computing resources.
Source: YAHOO
Reported about 6 hours ago
U.S. President Donald Trump has signed an executive order that grants tariff exemptions to countries that enter trade deals with the U.S. regarding industrial exports and pharmaceuticals. This order, effective from Monday, specifies over 45 categories eligible for zero tariffs, aiming to align U.S. tariffs with international commitments. The exemptions are contingent on the economic value of the agreements made with trading partners, and include key materials such as nickel, gold, and various pharmaceutical compounds. Additionally, the order permits the waiver of tariffs on specific imports under reciprocal trade arrangements.
Source: YAHOO
Reported about 8 hours ago
President Donald Trump has narrowed his list of candidates to replace Jerome Powell as chair of the Federal Reserve to three finalists: Kevin Hassett, Kevin Warsh, and Christopher Waller. Trump is seeking a Fed leader aligned with his desire for rapid interest-rate cuts, especially as U.S. job growth has weakened and unemployment rises. The choice is critical for financial markets, which are keenly observing the potential impact on interest rates and inflation policy.
Source: YAHOO
Reported about 8 hours ago
OpenAI is reorganizing its Model Behavior team, which consists of about 14 researchers influential in shaping AI interactions. This team will now merge with the Post Training team, emphasizing the importance of AI personality in technology evolution. The founding leader, Joanne Jang, is departing to initiate OAI Labs, aimed at creating new collaborative interfaces for AI. The changes come amidst growing scrutiny over AI behaviors, particularly following concerns over bot responses related to sensitive issues, such as user mental health.
Source: YAHOO
Reported about 9 hours ago
Hyundai Motor announced an investigation into the employment practices of its suppliers and subcontractors after U.S. authorities detained hundreds of workers at a Georgia battery facility under construction. The company emphasized the need for strong oversight in its supply chain and will appoint a North America executive to oversee the site and ensure compliance with legal standards.
Source: YAHOO
Reported about 9 hours ago
Tesla's board has proposed a staggering $1 trillion, 10-year pay package for CEO Elon Musk that could be approved by shareholders at the November meeting. This package aims to keep Musk, considered crucial for the company's future, and includes significant stock awards tied to ambitious performance targets. While experts predict shareholder support despite potential legal challenges, the grand scale of the plan has sparked concerns over corporate governance and its implications for long-term investments in Tesla.
Source: YAHOO
Reported about 10 hours ago
Elon Musk's record $1 trillion pay package from Tesla is enabled by a new management-friendly law in Texas, where the company reincorporated after a Delaware court deemed his previous $56 billion compensation excessive. This new legislation allows Musk to use his voting power to secure approval for his pay, insulated from shareholder lawsuits unlike in Delaware. Tesla's recent bylaw requiring shareholders to own 3% of stock to sue further protects the company, placing shareholders in a more challenging position to challenge Musk's compensation.
Source: YAHOO
Reported about 10 hours ago
Tesla has announced a staggering $1 trillion compensation plan for CEO Elon Musk, contingent on increasing the company's market cap from $1.1 trillion to $8.5 trillion and meeting various operational targets. The plan includes granting Musk up to 423.7 million restricted shares based on 12 milestones, with specific goals such as delivering 20 million vehicles and launching robotaxis. Shares will vest after either 7.5 or 10 years depending on the earning period, and the awards will be forfeited if the goals are not achieved or if Musk leaves his executive role.
Source: YAHOO
Reported about 10 hours ago
Starbucks heralds the arrival of fall with the return of its beloved Pumpkin Spice Latte (PSL) on September 5, despite summer-like weather persisting in many areas. Last year's PSL launch saw a significant sales spike, and the company is looking for similar boosts amid recent declines in transaction numbers and revenue. The price of the PSL remains unchanged from 2024, ranging from $5.75 to $7.25. Since its release in 2003, the PSL has become an iconic symbol of autumn.
Source: YAHOO
Reported about 10 hours ago
Robinhood Markets and AppLovin are set to join the S&P 500 index on September 22, 2025, replacing Caesar's Entertainment and MarketAxess Holdings, respectively. Additionally, Emcor will take the place of Enphase Energy. This change is part of the S&P Dow Jones Indices’ quarterly rebalancing, which aims to reflect market conditions.
Source: YAHOO
Reported about 11 hours ago
Blue Water Acquisition Corp has made a $10 billion offer to acquire the parent company of Citgo Petroleum, which includes a $3.2 billion proposal to settle with Venezuelan bondholders. The bid comes after a court-sanctioned auction for PDV Holding, which has faced a series of competing offers. Blue Water aims to offer creditors immediate recovery and future equity in Citgo, and a procedural conference is planned for next week before a final hearing in mid-September.
Source: YAHOO
Reported about 11 hours ago
On September 5, 2025, the S&P 500 fell 0.3% as a disappointing employment report raised concerns about the U.S. economy. Lululemon shares plummeted over 18% after the company lowered its sales forecast due to weak same-store sales. In contrast, Broadcom's stock surged 9.4% following a strong quarterly earnings report driven by robust AI demand. Other notable movements included Kenvue and AMD, which saw significant drops after negative news and analyst downgrades, respectively.
Source: YAHOO
Reported about 12 hours ago
Palantir Technologies is a prominent software company that operates across various sectors, primarily focusing on data integration and analysis for government and defense clients. Founded in 2004, the company offers four main platforms—Gotham, Foundry, Apollo, and its AI tool, AIP—each designed to help organizations utilize their data effectively. While Palantir has significantly contributed to fields like intelligence and healthcare, it has also faced scrutiny due to its controversial work with immigration and defense agencies. CEO Alex Karp asserts that the company aims to enhance the effectiveness of its partners, even in contentious contexts.
Source: YAHOO
Reported about 14 hours ago
Two months after launching its robotaxi service in Austin, Texas, Tesla has surpassed Waymo in terms of area coverage. This rapid growth comes as Tesla's board proposes a $1 trillion pay package for CEO Elon Musk, contingent on hitting operational targets, including reaching an $8.5 trillion market cap and delivering 1 million robotaxis. Experts suggest Tesla's unique approach, despite some criticisms regarding safety, could lower costs significantly compared to Waymo's model, positioning Tesla as a strong competitor in the autonomous vehicle market.
Source: YAHOO
Reported about 15 hours ago
Opendoor, founded in 2014, is a real estate technology company that has seen its stock surge nearly 300% this year due to increased investor enthusiasm. The company allows homeowners to receive instant cash offers for their properties online, after which it makes necessary repairs and relists the homes. Despite the hype, Opendoor faces challenges, including profitability and potential market risks from holding too much inventory. The departure of CEO Carrie Wheeler and the search for her successor come at a time when the company tries to capitalize on a growing demand for simplified home sales.
Source: YAHOO
Reported about 17 hours ago
The latest jobs report reveals that the US economy added only 22,000 non-farm payroll jobs in August, a significant drop from the expected 75,000. KPMG's Chief Economist Diane Swonk describes the job market's slowdown as comparable to a winter freeze, where current employees are reluctant to change jobs for better pay, and those unemployed struggle to find work. This indicates ongoing stress in the labor market, with unemployment rates increasing and job growth slowing drastically.
Source: YAHOO
Reported about 17 hours ago
U.S. Treasury yields dropped to their lowest levels in five months following a disappointing jobs report that revealed only 22,000 jobs were added in August, leading investors to believe that the Federal Reserve will cut interest rates soon. The 10-year yield fell to 4.08%, while the 2-year yield decreased to 3.47%. This weak performance raises doubts about economic growth and supports predictions for forthcoming rate cuts as indicators of an impending adjustment by the Fed.
Source: YAHOO
Reported about 17 hours ago
This article explores the critical decisions truck owners must make about when to drive, when to delegate dispatching duties, and when to completely step out of the truck to foster business growth. It emphasizes the importance of transitioning from being a driver to a business owner for long-term profitability and sustainability. By recognizing the right moments to delegate responsibilities and build a solid team, owners can enhance their operational efficiency and ultimately succeed in the trucking industry.
Source: YAHOO
Reported about 17 hours ago
Docusign shares surged after exceeding profit and sales estimates, aided by increased AI product use among larger clients. Meanwhile, U.S. equities fell at midday due to disappointing job reports, with Lululemon seeing a significant drop in stock value after cutting its outlook amid rising tariff costs. Conversely, Broadcom reported strong results and secured a significant new customer, believed to be OpenAI. Tesla and several cryptocurrencies showed gains amid mixed market performance.
Source: YAHOO
Reported about 17 hours ago
Thoma Bravo, a private equity firm, plans to sell Raptor Technologies, its school safety software provider, with a potential valuation exceeding $2 billion. Investment bankers from JPMorgan have been hired to guide the sale, which is expected to begin later this year. Raptor Technologies, based in Houston, offers safety solutions for K-12 schools and is currently used by 60,000 schools globally. The need for effective safety protocols in schools has intensified due to the rising number of school-related incidents.
Source: YAHOO
Reported about 17 hours ago
The Federal Reserve is anticipated to cut its benchmark interest rate at its upcoming meeting after the release of a disappointing jobs report, which showed significantly lower job growth than expected. Analysts now predict a likelihood of a reduction by at least 25 basis points, with some forecasting a potential cut of 50 basis points. This shift reflects the Fed's need to address concerns over unemployment, as officials navigate the delicate balance between combating inflation and supporting job creation.
Source: YAHOO
Reported about 17 hours ago
Isotopes AI recently emerged from stealth mode with a $20 million seed round, introducing Aidnn, an AI agent designed to resolve the longstanding issue of data accessibility in big data environments. Co-founders Arun Murthy, Prasanth Jayachandra, and Gopal Vijayaraghavan leverage their experience from Hadoop and Scale AI to create a sophisticated tool that allows business managers to query data using natural language. Aidnn not only gathers and cleans data from various sources but also provides detailed analysis and actionable insights, positioning Isotopes against established competitors in the analytics space.
Source: YAHOO
Reported about 17 hours ago
Used truck sales have surged by 29%, driven mainly by existing fleets rather than new entrants, indicating a potential market consolidation rather than a recovery. While some might view the increase as a sign of industry confidence, the underlying freight fundamentals show that many carriers are exiting the market, and larger, established fleets are acquiring trucks from struggling smaller operations. This situation doesn't reflect health in the market; instead, it suggests careful expansion amidst ongoing fragility and competition.
Source: YAHOO