Fed keeps the door open for more rate hikes as Schmid warns there's 'work to do'
Kansas City Federal Reserve president Jeff Schmid said Friday that he supported the central bank's decision to raise interest rates this week and suggested t...
Software & security
1,690 stories
Hackers breached OpenAI, adding to fever pitch of security and safety concerns
A small group of cybersecurity researchers said Sunday that they broke into OpenAI earlier this year, an announcement that has added a new element of alarm around AI security and safety.
Goldman Sachs drops surprise call for next Fed interest-rate hike
Wall Street bank shifts its Fed interest-rate forecast for the remainder of the year.
The Fed Just Raised Rates for the First Time in Three Years. History Says This Is What Comes Next.
How does the market typically perform after a new rate hike cycle begins?
Gavin Newsom is pushing for an AI kill switch
California Gov. Gavin Newsom (D) issued an executive order that would convene experts to recommend new AI safety policy the state should enact.
Coca-Cola Bets $10 Billion on U.S. Infrastructure to Drive Growth
The Coca-Cola Company (NYSE:KO) plans to invest $10 billion in U.S. infrastructure from 2026 through 2030, reinforcing its manufacturing, distribution, and b...
Auto industry urges Trump to keep Chinese automakers out ahead of Xi meeting
By David Shepardson WASHINGTON, Sept 18 (Reuters) - Major automakers, suppliers and dealers on Friday urged President Donald Trump to keep Chinese automakers...
Data centers, drawing concerns over water and power, may have another surprise impact: Forever chemicals
As AI data centers face intense public pushback over issues including their electricity and water use, another potential environmental impact is percolating: the proliferation of forever chemicals. Data centers can use these chemicals in at least two ways: in their cooling processes and through their more general use of semiconductors. Supporters say that their use…
Nigerian forces fire at protesters rallying over deaths of detained miners
Government has promised to fully investigate after 37 miners died while being held in police custody in Niger State.
FBI, Coast Guard boarded hacked oil tankers heading toward US coast | TechCrunch
The feds are said to be investigating the compromise of the tankers' networks, which in one case interfered with one of the tanker's navigation and propulsion systems.
Fed sat on Silicon Valley Bank flaws because regulators feared being wrong, report finds
A new report describes how a paralyzed culture of risk aversion allowed the second-largest bank failure in US history to happen in slow motion.
More than 100 Democratic operatives urge party leaders to reject AI cash
More than 170 Democratic organizers and campaign staff members are calling on the party’s leaders to reject campaign donations from the pro-artificial intelligence super PAC Leading the Future (LTF) as the debate over AI safety and regulations intensifies in Washington. The letter, first shared with The Hill on Friday, argues the millions of dollars from…
Fed’s Schmid Backed Rate Hike, Says Inflation Goes Beyond Energy
Federal Reserve Bank of Kansas City President Jeff Schmid said he supported this week’s interest-rate increase as a necessary step to tame high inflation tha...
BofA Warns of Warsh’s Fed Raising Rates Above 5% in 2022 Redux
It’s time for investors to prepare for the risk that the Federal Reserve raises its benchmark rate above 5%, according to Bank of America Corp. strategists.
Brendan Carr’s FCC is more worried about who The View interviews than foreign governments owning Paramount
The commission is waiving its rules to let foreign wealth funds own 49.5 percent of Paramount-Warner Bros.
Capitals star Alex Ovechkin says he supports Russia but is ‘for peace and love’
NHL star Alex Ovechkin spoke out Thursday about the backlash he is facing for appearing in a campaign advertisement promoting Russian President Vladimir Putin this week. “I’m Russian. As soon as I’m done playing hockey … I’m going to live there, my kids are going to live there,” Ovechkin told reporters. “I’m for peace and…
Fed's top cop unveils changes to bank stress tests
In a speech in London, Michelle Bowman, the Fed's vice chair of supervision, said the regulations are aimed at increasing transparency and reliability, while...
White House set to tout Medicaid ‘most favored nation’ drug pricing deals
President Trump on Friday is set to announce that all 50 states will see “most favored nation” (MFN) pricing for some drugs covered by Medicaid, according to an administration official. Trump will be joined by “several governors” in the Oval Office to make the announcement, the official said. With affordability a top concern among voters,…