openai

OpenAI's Annualized Revenue Nears $50 Billion, $20B Below Earlier Reports, per FT

OpenAI told investors annualized revenue neared $50B at end-September, about $20B below the $70B figure reported in late September, per the FT.

trump

Trump Disclosed 517 Trades in August Worth Up to $273 Million, Led by $25M Meta Buy

Trump's August disclosure lists 517 trades worth $74.3M to $273M. Biggest buy: $5M-$25M of Meta on Aug. 21, plus $1M-$5M each of Netflix, AT&T, Chevron and more.

mortgages

Average 30-Year Mortgage Rate Hits 7.6%, per MortgageNewsDaily

MortgageNewsDaily's index hit 7.59% for top-tier 30-year fixed rates. The MBA weekly survey hit 7.49%, the highest since November 2023.

treasury

Treasury Sells $22 Billion in 30-Year Bonds at 5.618%, Highest Yield Since 2000

The $22B 30-year Treasury auction cleared at 5.618% with strong 2.54 bid-to-cover, the highest clearing yield for a 30-year auction since August 2000.

vance

Vance Defines Socialism as Replacing American Workers and "Boys in Girls' Sports"

Asked to define socialism, JD Vance said it means replacing American workers with foreign workers and letting boys play in girls' sports.

nidal-hasan

Hegseth Says Fort Hood Shooter's Firing Squad Execution Will Be Made Public

Defense Secretary Pete Hegseth said Nidal Hasan's Dec. 3 firing squad execution at Fort Hood will be "made public so people can watch it."

anthropic

Being Mean to Claude Can Now Get Your Account Suspended Under Anthropic's New Rules

Anthropic's updated usage policy bans "sustained and needless abusive or cruel behavior" toward Claude, with suspension or termination for extreme cases.

openai

OpenAI Says Iranian Operatives Used Its Models to Plant Anti-US War Articles in US Media

OpenAI banned an Iranian influence operation, "Bogus Bylines," that used ChatGPT and seven fake journalist personas to plant articles in US media outlets.

trump

Trump Bought Up to $25 Million in Meta Stock and $5 Million in SpaceX Debt

Trump's August disclosure shows up to $25M in Meta stock bought Aug. 21 and up to $5M in SpaceX notes bought Aug. 18, two days before a space policy signing.

microsoft

Trump Administration Suspends Microsoft From Green Card Program Over Fraud Claims

The Trump administration suspended Microsoft from the PERM green card program, accusing it of fraud. Vance cited 6,000 layoffs against 6,300 H-1B visas.

starbucks

Starbucks Explored a Takeover of Chipotle, per FT

Starbucks reportedly explored a takeover of Chipotle with advisers. The combination would be the largest restaurant deal ever, topping $11.4 billion.

Immigration

Labor Department Suspends 8 Tech Firms From PERM Green Card Program

The Labor Department suspended Cognizant, Infosys, TCS, Wipro, HCL, Capgemini, Microsoft and Adobe from the PERM program, halting new and pending green card applications.

trump

Trump: "I Could've Done Very Bad Things to Hillary Clinton, Joe Biden, Barack Hussein Obama"

President Donald Trump on Wednesday said he could have taken harsh action against three of his most prominent political rivals but held back during his first term. The remarks "I could've done very bad things to Hillary Clinton," Trump said. "I could've done

ray dalio

Ray Dalio Says AI Is a "Classic Bubble" and It May Be Close to Bursting

Ray Dalio is calling it: AI is a classic bubble, and it may be close to bursting. The Bridgewater founder says the signs are the same ones he saw before the 1929 crash and the 2000 dot-com bust. Asked on The Diary of a CEO podcast whether he is

trump

Trump to Award Elon Musk, Jensen Huang, Lisa Su the National Medal of Science at White House Thursday

President Donald Trump will award the National Medal of Science to Elon Musk at the White House on Thursday, honoring the Tesla and SpaceX chief alongside some of the biggest names in American technology. The honorees Musk will receive the science medal together with Google co-founder Sergey Brin, Nvidia

data centers

San Francisco Moves to Pause New Data Centers With 45-Day Moratorium

San Francisco is moving to temporarily block new data centers within its borders, advancing a 45-day interim zoning moratorium aimed at pausing approvals while the city writes updated rules for the AI era. What happened The Board of Supervisors' Land Use and Transportation Committee voted 3-0 on

ebola

Kenya Confirms Its First Ebola Death as Outbreak Spreads

Kenya has confirmed its first-ever case of Ebola, and it has proven fatal. A Kenyan citizen who had been living in the Democratic Republic of Congo for seven years returned to Nairobi over the weekend and died late Monday, authorities said. Health Minister Aden Duale said the patient had

mortgages

30-Year Mortgage Rate Hits 7.63%, Highest in Years

The average 30-year fixed mortgage rate climbed to 7.63% on Wednesday, according to Mortgage News Daily's daily survey, rising 0.07 points from Tuesday's 7.56%. Rates keep grinding higher The increase extends a relentless climb that has pushed borrowing costs to levels last

russia

U.S. Warns Russia That Silence on Siberia Plague Lab Death Violates Health Obligations

The United States has sent Moscow a formal diplomatic warning, telling Russia that its failure to disclose details about the death of a lab worker at a plague research center in Siberia violates international health obligations. The confidential communication, known as a demarche, adds another source of tension between Russia

congress

After the Penny, Congress Is Coming for the Nickel

The penny is dead, and now Congress has its sights set on the nickel. A new bill would let the Treasury test a cheaper metal mix for the 5-cent coin, because making one costs nearly 13 cents. It cost 13.31 cents to produce a single nickel in fiscal

peter schiff

Peter Schiff Says the 10-Year Treasury Will Top 5.5%, Mortgage Rates Will Pass 8%

Peter Schiff is sounding the alarm on bonds again. The economist says the 10-year Treasury yield will soon break 5.5%, and if it does, mortgage rates will climb above 8%. The 10-year is already near 5.3%, its highest level since 2002. The 30-year Treasury has

treasury

10-Year Treasury Yield Hits Highest Level Since 2002 as Global Bond Selloff Deepens

5.34% and climbing as traders brace for a key bond sale The 10-year Treasury yield climbed to 5.34% on Thursday, its highest level since 2002, as a global bond selloff pushed borrowing costs to multidecade highs across the U.S., France, Britain and Japan. The move marked

tariffs

Tariffs Are on the Ballot: 75% of Voters Say They Will Shape the Midterm Vote, per Cato Poll

Three in four voters say tariffs decide their vote Tariffs are on the ballot, per the Cato Institute. A new Cato/Morning Consult poll of 4,150 registered voters finds 75% say tariffs will matter to their midterm vote, including 35% who say the issue is very important. The survey,

cdc

America's Fatigue Epidemic: 71.5% of Adults Say They Are Exhausted, per CDC

Nearly three in four adults are running on empty About 71.5% of U.S. adults say they experienced fatigue on at least some days over the past three months, making exhaustion one of the most common health complaints in the country. The findings come from the CDC's

iran

The Iran Conflict Has Already Cost Every American Household $1,760, per Moody's

A $1,760 bill nobody itemized The total bill per household since the U.S.-Iran conflict began is around $1,760, according to an analysis from Moody's Analytics as of September 11. "Consumers are under a lot of financial pressure," said Mark Zandi, chief economist