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Meta Launches New AI Model as Zuckerberg Pushes Open Policy to Win AI Race
The company unveiled downloadable and laptop-ready models while its founder called for less restrictions to U.S. AI development.
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Shein Blames End of Exemptions for Low-Cost Imports for US Sales Slump
The Chinese fast-fashion retailer is passing off tariff costs onto U.S. bargain hunters.
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Archer Aviation Acquires Boeing’s Flying-Taxi Venture in Stake Deal
The California-based startup will acquire three Boeing subsidiaries as it prepares for commercial eVTOL operations.
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S&P 500 Earnings Blow Past 2nd Quarter Expectations: FactSet
On an aggregate basis, companies are reporting earnings that are more than 29 percent above estimates.
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US Pays German Company $1.22 Billion to Cancel Wind Leases
The company intends to use the settlement proceeds to fund the construction of an LNG terminal in Louisiana.
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Should You Empty Your IRA by Age 73?
Strategically shrinking your IRA before required deductions begin could help reduce future taxes and Medicare surcharges.
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Manage an Inheritance Like a Pro
An inheritance can be life-changing, but the wrong moves can create unnecessary taxes and expenses.
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Commercial Chapter 11 Bankruptcy Filings Decrease Annually
Despite the overall decline in Chapter 11 filings, subchapter V bankruptcy elections within Chapter 11, rose 24 percent in July from a year earlier.
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South Australia Announces Country’s 1st Royal Commission Probe Into AI
‘We can choose to set the guardrails and the policy frameworks to ensure that we use AI in a way that puts people first,’ SA’s premier said.
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Westpac Bank Reports 20 Percent Drop in Mortgage Applications After Budget
Westpac reported its third-quarter results on Aug. 10, which included impacts of changes to capital gains tax and negative gearing outlined in the May budget.
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Senate Moves Major Crypto Regulation Bill Toward Vote
The CLARITY Act would establish a federal regulatory framework for cryptocurrency and other digital assets.
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Hybrid and SUV Interest Reaches New Highs
Reliability, fuel efficiency, and affordability are some of the top factors considered by people when buying electrified vehicles.
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Beijing Sanctions 2 US Labs That Can Prove Where Cotton Grew
U.S. importers must prove their goods are free of Xinjiang forced labor, and the two sanctioned firms sell forensic testing that makes that proof possible.
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What Happens to Your Pension When the Company Is Bought
Your pension doesn’t automatically disappear after a company sale, but knowing what happens next is essential.
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Firmware Flaw in Canadian Bitcoin Wallet Company Tied to $88 Million-Plus Theft
A 2021 coding error weakened wallet encryption, letting an attacker empty Coldcard accounts without touching a device.
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Older Homeowners Paying ‘Seniority Tax’ When Refinancing Mortgages: Bankrate
Overall, 87 percent of U.S. mortgage borrowers overpay, costing the economy about $65 billion per year.
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Wall Street Review: Stocks Stage Broad Rally on Easing Rate-Hike Fears
A soft labor market report reduces fears of a near-term rate hike.
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FAA Orders New 737 MAX Inspections Over Potential Cracks
Boeing says the cracking issue has not been observed on MAX jets but supports the inspections.
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Student Loan Payments Are Spiking: What Changed on July 1 and What Borrowers Over 50 Should Do
The SAVE Plan Is Ending, So What Should You Do Before a Repayment Plan Is Chosen for You?
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