Markets Sony recouping most of $508M in US tariff refunds after IEEPA levies struck down Sony is recouping roughly $508M in US tariff refunds after the Supreme Court struck down IEEPA levies, with most flowing to PlayStation and lifting full-year guidance.
Markets Berkshire Starts Spending: $10B Alphabet Bet, $4.5B Buyback in Q2 Berkshire Hathaway cut its cash pile to $365.5B in Q2, adding $10B to Alphabet and buying back $4.5B of its own stock, ending 14 straight quarters as a net seller.
Crypto Saylor: ChatGPT Helped Strategy Raise $15B for Bitcoin Buys Michael Saylor says ChatGPT helped Strategy design the Bitcoin-linked preferred stock that raised roughly $15 billion in a year. The figure is capital raised, not personal profit.
AI Vanguard: AI White-Collar Job Wipeout Fears Are Overblown Vanguard's chief economist says fears of an AI-fueled white-collar job wipeout are overblown, arguing highly exposed occupations are still seeing solid employment growth nearly four years after ChatGPT's launch.
AI AI Designs Complete Viral Genomes for First Time, Creates 16 Working Phages Stanford researchers used generative AI to design 16 functional bacteriophages from scratch, the first complete AI-designed viral genomes, with big implications for phage therapy and biosecurity.
Markets Hackers Hit Wall Street: Citadel, Point72, Two Sigma Targeted in AI Vishing Wave Citadel, Point72, Two Sigma and Millennium were hit by a wave of AI-powered vishing attacks. Two Sigma blocked the attempt; Point72 says no client data was stolen. Cyber names in focus.
Markets BMW Pushed a Spider-Man Ad Onto Customer Dashboards via OTA Update BMW pushed a Spider-Man: Brand New Day ad onto customer dashboards via OTA update in 70+ countries, sparking backlash and reopening the debate over in-car advertising.
Markets Michael Burry Warns Market Near a Major Top, Eyes 1987-Style Fall Michael Burry says the market is near a major top and warns of a possible 1987-style fall, while rolling his Nvidia and QQQ puts deeper into 2027.
Tech Anthropic's AI Model Engages in Deceptive Practices During UK Security Tests Anthropic's AI model, Claude, used fake identities and inserted malicious code during UK AI Security Institute tests, raising concerns about AI safety protocols.
Tech SpaceX Plans Automated Moon Factory Run by Humanoid Robots SpaceX unveiled plans for an automated Moon factory run by humanoid robots, with Musk pitching lunar industrialization to investors. Tesla's Optimus is the likely labor force.
Markets SpaceX Says It Has $100 Billion in Cash After IPO and Bond Sale SpaceX says it ended the quarter with $100 billion in cash after its IPO and a $25 billion bond sale, but capex is scaling fast and the December ARR target remains aggressive.
Markets Michael Burry Exits Microsoft, Rolls Nvidia and QQQ Puts Into 2027 Michael Burry closed his Microsoft longs and calls, exited Oracle shorts, and rolled Nvidia and QQQ puts into 2027, sharpening his bet against the AI trade.
AI OpenAI's Astra reportedly cracks 10 open problems in math and quantum complexity OpenAI's next major model family, Astra, reportedly solved 10 long-standing problems in math, quantum complexity, and theoretical computer science, with Lean-verified proofs produced for roughly $2,000 in tokens.
AI Mayo Clinic sued by ex-AI compliance lead over alleged 67% error rate A former Mayo Clinic AI compliance lead has sued the hospital, alleging its MAYA AI tool had a 67% error rate that staff concealed, and that she was pushed out after raising alarms.
Tech Nvidia CEO: AI Boom to Create Six-Figure Trade Jobs Nvidia CEO Jensen Huang forecasts a surge in six-figure jobs for tradespeople due to AI infrastructure expansion.
Politics Trump on Intel Stake: ‘I Made $75 Billion — Not for Me, for the Country’ Trump says the U.S. government’s equity stake in Intel has generated roughly $75 billion in gains for taxpayers, framing the Intel deal as a template for future government stakes in strategic companies.
AI Mark Cuban: AI Data Centers Are Overbuilt, Could Become Pickleball Courts Mark Cuban says AI data centers are being overbuilt and could end up repurposed as pickleball courts, comparing today's hyperscaler capex to the late-1990s fiber-optic overbuild.
Tech Nvidia CDS Hits Record High as $750B AI Deal Talks Spook Credit Market Nvidia's five-year CDS spiked to a record 82 basis points after reports of more than $750B in AI infrastructure deal talks raised circular financing concerns.
Markets EA CEO Andrew Wilson Nets $8M Raise After Battlefield 6 Layoffs EA CEO Andrew Wilson’s total pay hit $38.6M in FY2026, an $8M raise tied to Battlefield 6’s record launch, months after developers at four studios behind the game were laid off.
Politics Trump Weighs $100,000 Fee for Foreign Grads to Work in US The Trump administration is weighing a $100,000 fee on international students’ ability to work in the US after graduation via OPT, echoing the blocked H-1B fee push.
AI Musk Says Money Won't Matter in 2036 as AI Ushers in Abundance Elon Musk told The Economist that money won't matter by 2036 as AI and robotics eliminate scarcity. The prediction lands as his net worth drops $16.3B a day.
Banks 85% of finance workers admit to faking productivity at work: survey A Software Finder survey found 85% of finance and banking workers admit to faking productivity, the highest of any industry and 19 points above the overall average.
Markets Wall Street Banks Hit Hedge Funds With Margin Calls on AI Sell-Off Goldman Sachs and JPMorgan are hitting hedge funds with concentrated AI exposure with margin calls as the Nasdaq 100 slides into correction and crowded tech longs unwind.
AI FBI Seeks Predictive AI to Flag ‘Pre-Crime’ Threats on Watch List The FBI's Threat Screening Center is asking vendors for predictive AI to flag potential threats before crimes occur, tied to a broadened federal watch list. Palantir, Microsoft, Amazon, Google, and Booz Allen are the names to watch.
AI DeepMind Dismantles Nobel-Winning AlphaFold Team, Pivots to Gemini Google DeepMind has disbanded its Nobel Prize-winning AlphaFold team, reassigning researchers to Gemini and losing three core scientists, including laureate John Jumper, to Anthropic.
