OpenAI executive Fidji Simo , the startup’s chief executive officer of AGI deployment, is stepping down from her full-time role following a three-month medical leave. Simo, who was hired to oversee much of OpenAI’s core business a little over a year ago , has been on leave since April due to an ongoing neuroimmune condition. Simo will shift to being a part-time adviser to OpenAI, she wrote in a po...
OpenAI executive Fidji Simo , the startup’s chief executive officer of AGI deployment, is stepping down from her full-time role following a three-month medical leave. Simo, who was hired to oversee much of OpenAI’s core business a little over a year ago , has been on leave since April due to an ongoing neuroimmune condition. Simo will shift to being a part-time adviser to OpenAI, she wrote in a post on X. “Three months ago, I had to go on medical leave after a severe exacerbation of a chronic illness I’ve lived with for seven years,” Simo wrote. “During that time, it became clear that the road to recovery would be much longer and more complex than I had anticipated — and that I needed to focus on it fully.”
When you expect your stocks to pay you for holding them, dividend cuts are your worst nightmare. Not only does a dividend cut mean you're losing that passive income, but the stock itself often tanks once a company announces the cut. Fortunately, investors can avoid picking lousy dividend stocks by focusing on certain traits. An established track record of paying dividends and raising them helps, b...
When you expect your stocks to pay you for holding them, dividend cuts are your worst nightmare. Not only does a dividend cut mean you're losing that passive income, but the stock itself often tanks once a company announces the cut. Fortunately, investors can avoid picking lousy dividend stocks by focusing on certain traits. An established track record of paying dividends and raising them helps, but it goes beyond that. Companies with safe dividends often operate recession-resistant business models, have healthy financials, and maintain a solid growth trajectory, so their dividends can continue to grow alongside profits. Realty Income (NYSE: O) , Altria Group (NYSE: MO) , and PepsiCo (NASDAQ: PEP) are top-notch dividend stocks that check all these boxes. Buy and hold them to get paid while sleeping well at night. Continue reading
WD-40 Company Justifies Sell-Side Support With Q2 ResultsWD-40 (NASDAQ:WDFC) reported a sharp increase in fiscal third-quarter sales and profit, with management citing broad-based gains across regions, strong growth in maintenance products and benefits from operating leverage, wh
WD-40 Company Justifies Sell-Side Support With Q2 ResultsWD-40 (NASDAQ:WDFC) reported a sharp increase in fiscal third-quarter sales and profit, with management citing broad-based gains across regions, strong growth in maintenance products and benefits from operating leverage, wh
Gold steadied, as investors weighed renewed fighting in the Middle East and the prospects for interest-rate hikes to combat stubborn inflation. Bullion was near $4,120 an ounce in early trading, after snapping a three-day losing streak in the previous session. An exchange of airstrikes this week and the reimposition of US oil sanctions on Iran have left a truce signed last month in a state of limb...
Gold steadied, as investors weighed renewed fighting in the Middle East and the prospects for interest-rate hikes to combat stubborn inflation. Bullion was near $4,120 an ounce in early trading, after snapping a three-day losing streak in the previous session. An exchange of airstrikes this week and the reimposition of US oil sanctions on Iran have left a truce signed last month in a state of limbo , raising uncertainty over the safe passage of energy and other commodities through the Strait of Hormuz. For gold traders, the flare-up in fighting between the US and Iran raises the likelihood of the Federal Reserve keeping borrowing costs higher for longer to deal with the inflationary impact of higher energy prices. Minutes of the Fed’s June meeting released this week showed some policymakers said there was a case for raising rates , which were ultimately left on hold. Tighter monetary policy is typically negative for non-yielding bullion. Read More: Trump’s Iran Truce in Limbo After Renewed Strikes and Sanctions “Hike expectations may now be largely factored in but still could limit gold rallies,” James Steel , chief precious metals analyst at HSBC Holdings Plc, said in a note dated July 9. A strong US dollar “may also put up considerable headwinds to rallies,” he said. The bank cut its 2026 average gold price forecast to $4,560 an ounce. With an eye toward potential changes at the Fed, new Chairman Kevin Warsh on Thursday announced the leadership of five task forces that will examine the US central bank’s approach to key aspects of policy making. The leaders include prominent academics, former central bankers and corporate executives. Read More: Fed’s Warsh Names Leadership for Five New Task Forces Meanwhile, Fed Bank of New York President John Williams said that, among the drivers of inflation in the US, he’s most focused on demand driven by artificial intelligence . If that persists, it could force the central bank to raise interest rates, he said. Spot gold was l...
Christchurch Mansion, Ipswich While Britain boils in a heatwave, a new exhibition built around the much-reproduced canvas reminds us of the beauty of the natural world – and what we could lose I first saw John Constable’s 1821 painting The Hay Wain as a postcard with cruise missiles brutally stacked in the wooden cart and pointing at the sky. Peter Kennard’s anti-nuke photomontage is just one of t...
Christchurch Mansion, Ipswich While Britain boils in a heatwave, a new exhibition built around the much-reproduced canvas reminds us of the beauty of the natural world – and what we could lose I first saw John Constable’s 1821 painting The Hay Wain as a postcard with cruise missiles brutally stacked in the wooden cart and pointing at the sky. Peter Kennard’s anti-nuke photomontage is just one of the many parodies and travesties this image of a seemingly eternal rustic Britain keeps provoking. A few months ago, a newspaper cartoon depicted a ballistic missile from Iran speeding through Constable’s painting. But when I visited Ipswich to see its Hay Wain exhibition at the start of the latest heatwave it was the climate making a scorching, ironic comment on this temperate scene. Inside this Tudor house, grey, blue and brown masses of rain-promising cloud hung above Constable’s painted Suffolk fields, dappling them with shade. But outside the grass was straw yellow and the landscape around Dedham Vale and the River Stour, where Constable was born and in which The Hay Wain and many more of his works lovingly linger, appeared to have been blowtorched into oblivion. Continue reading...
Ministers consider bringing e-cigarette laws in line with tobacco as data shows 20% of teenagers have tried vaping Vapes could be sold in plain packaging as part of a range of proposals to stop them being marketed to children. The UK-wide plans also include limiting device colours to white, black or grey, and keeping vapes out of sight in shops, according to the Department of Health and Social Car...
Ministers consider bringing e-cigarette laws in line with tobacco as data shows 20% of teenagers have tried vaping Vapes could be sold in plain packaging as part of a range of proposals to stop them being marketed to children. The UK-wide plans also include limiting device colours to white, black or grey, and keeping vapes out of sight in shops, according to the Department of Health and Social Care. Continue reading...
Hollywood actor signs recording deal with Decca after decades of composing pieces inspired by his Welsh childhood Anthony Hopkins says he has achieved his “first desire” of signing a record deal, with his debut single being released on Friday. The 88-year-old Hollywood actor’s first album, Life Is a Dream, will be released next month by Decca Classics . It is a collection of pieces he has composed...
Hollywood actor signs recording deal with Decca after decades of composing pieces inspired by his Welsh childhood Anthony Hopkins says he has achieved his “first desire” of signing a record deal, with his debut single being released on Friday. The 88-year-old Hollywood actor’s first album, Life Is a Dream, will be released next month by Decca Classics . It is a collection of pieces he has composed over six decades. Life Is a Dream will be released on 21 August Continue reading...
Presenter, 77, says ‘for now life goes on as normal and I continue to broadcast’ as he shares diagnosis received in 2025 The longtime radio and TV broadcaster Paul Gambaccini has been diagnosed with Alzheimer’s disease. The 77-year-old presenter, who has been a regular on the BBC since the 1970s and has one of the most recognisable voices on British radio, shared a statement revealing the diagnosi...
Presenter, 77, says ‘for now life goes on as normal and I continue to broadcast’ as he shares diagnosis received in 2025 The longtime radio and TV broadcaster Paul Gambaccini has been diagnosed with Alzheimer’s disease. The 77-year-old presenter, who has been a regular on the BBC since the 1970s and has one of the most recognisable voices on British radio, shared a statement revealing the diagnosis he received in 2025. Continue reading...
As investors increasingly turn to artificial intelligence for help with everything from stock picking to risk management, JPMorgan Chase & Co. has been testing whether a model can do something more ambitious: allocate money itself. The early results are encouraging. Researchers at the bank built an array of AI-powered investing agents that shift between stocks and bonds depending on changing marke...
As investors increasingly turn to artificial intelligence for help with everything from stock picking to risk management, JPMorgan Chase & Co. has been testing whether a model can do something more ambitious: allocate money itself. The early results are encouraging. Researchers at the bank built an array of AI-powered investing agents that shift between stocks and bonds depending on changing market conditions. In backtests spanning the past two decades, the best-performing system topped a traditional 60/40 portfolio — 60% in stocks and 40% in bonds — by 0.7 percentage point a year with lower volatility, while also beating JPMorgan’s own rules-based market regime model, according to strategists led by Thomas Salopek . The results come with an important caveat. They are based on historical simulations rather than live investing, and JPMorgan warns against treating them as proof that AI can consistently outperform markets. Still, it’s a sign of things to come as the boom in automated trading shows little sign of slowing. “The AI agent can be set up with a process to be empowered to make decisions under uncertainty, producing outperformance vs a reasonable benchmark,” the strategists wrote in a note Thursday, describing the work as the firm’s first attempt to build an AI system for identifying market regimes. The experiment offers an early glimpse of Wall Street’s next phase of AI adoption. Banks have spent the past two years embedding large language models into research, coding and internal investing tools. Increasingly, they are testing whether those same systems can move beyond assisting workers to making one of the industry’s most consequential decisions: how to allocate capital across markets. New Hedge Funds Are Using AI Bots to Rival Industry Giants AI Race May Cut Trading Edges From Seven Years to 18 Months JPMorgan’s Brunner Says AI Moving From ‘Hype’ to Real Execution Harvard-Led Study Says AI Can Predict 71% of Active-Fund Trades The findings come as a growin...
JHVEPhoto/iStock Editorial via Getty Images The market is interested after Broadcom ( AVGO ) signed a major $30 billion deal with Apple ( AAPL ) covering custom silicon and wireless connectivity components. The deal will run for 5 years and involve more than 15 billion U.S.-made chips. Broadcom will also expand Fort Collins with $1.5 billion of capex and produce RF components including FBAR filter...
JHVEPhoto/iStock Editorial via Getty Images The market is interested after Broadcom ( AVGO ) signed a major $30 billion deal with Apple ( AAPL ) covering custom silicon and wireless connectivity components. The deal will run for 5 years and involve more than 15 billion U.S.-made chips. Broadcom will also expand Fort Collins with $1.5 billion of capex and produce RF components including FBAR filters. In sheer scale and revenue potential, this is a major deal and the market is right to be excited. However, Broadcom’s more self-defining deal was signed in October last year with OpenAI and involves custom AI accelerators designed by OpenAI and developed and deployed by Broadcom. Deployment will start in the second half of 2026 and complete by end-2029. The OpenAI deal more clearly brings out the difference between Broadcom and Nvidia ( NVDA ) and positions Broadcom in the silicon space. The Apple deal shows Broadcom is a trusted custom silicon partner for some of the world’s most demanding hardware companies. But the more scalable deal is OpenAI, which shows Broadcom’s relevance in AI infrastructure. This is a key difference. Broadcom is not just a cheaper Nvidia. It doesn’t sell a standardized GPU; rather, it is now the custom-silicon partner for mega-customers. These customers want to use their own workloads, their own systems, and more critically, their own economics, and design custom hardware around those. This is Broadcom’s story, not Nvidia’s. Apple Proves Broadcom’s Durability The Apple deal reinforces Broadcom as a valuable partner inside Apple’s supply chain. It is a multiyear deal to design and produce custom silicon and wireless components for a number of Apple products. There’s a domestic (US) manufacturing angle, as well. While this is a major $30B deal, proving Broadcom’s dependability as a supplier of quality engineering, this is still just a connectivity and custom component story. It doesn’t answer a much bigger question: will the future of AI infrastr...
Netflix is thinking about adding always-on channels that would stream specific shows and movies, according to The Wall Street Journal . The move sounds like a Netflix version of always-on services like Pluto TV and Tubi, except the big hook for those is that they're free - because of the ads you have to watch. Netflix has seen success with its ad-supported tier, which is increasingly popular , but...
Netflix is thinking about adding always-on channels that would stream specific shows and movies, according to The Wall Street Journal . The move sounds like a Netflix version of always-on services like Pluto TV and Tubi, except the big hook for those is that they're free - because of the ads you have to watch. Netflix has seen success with its ad-supported tier, which is increasingly popular , but it costs $8.99 per month after a recent price hike . Netflix is also apparently considering selling bundles that would include other streaming services, something else that competitors like Apple TV and Prime Video already offer. The company has bee … Read the full story at The Verge.
At least $1.6 billion worth of Moscow’s diesel, fuel oil and other products has been funneled from Indonesia’s tiny Karimun into major markets across the region.
At least $1.6 billion worth of Moscow’s diesel, fuel oil and other products has been funneled from Indonesia’s tiny Karimun into major markets across the region.
watch now VIDEO 5:14 05:14 How Warsh is reshaping the Fed The Fed A series of task forces designed to bring outside thinking to the Federal Reserve will include the "best minds," Chairman Kevin Warsh said Thursday. For a task force that could be especially consequential for the Fed's management of the economy — on artificial intelligence — those outside minds all seem to lean in the same direction...
watch now VIDEO 5:14 05:14 How Warsh is reshaping the Fed The Fed A series of task forces designed to bring outside thinking to the Federal Reserve will include the "best minds," Chairman Kevin Warsh said Thursday. For a task force that could be especially consequential for the Fed's management of the economy — on artificial intelligence — those outside minds all seem to lean in the same direction. Warsh's AI task force members all appear to believe AI will be a transformative technology, with far-reaching effects on growth and productivity. That lines up with Warsh's own views. He selected the task-force members personally. The AI task force was one of five the Fed rolled out Thursday. Its formal charge is to "assess the economic impact of new general-purpose technologies, including artificial intelligence, to inform the Federal Reserve's policy judgments." It will be led by three external advisors: venture capitalist Marc Andreessen , economist Charles I. Jones, and Xbox CEO Asha Sharma . All have recently spoken or written in sharply positive terms about the effects of AI on the economy. Read more CNBC politics coverage Trump claims to be 'No. 1' on TikTok. What does that mean? What AI companies want for the millions they're spending on elections Platner quits Maine Senate race; Democrats set to pick new nominee The Fed chairman is a longtime proponent of the potentially transformative economic potential of AI. Its adoption is "perhaps as important a change in the economy and business and households that we've had in my adult lifetime," Warsh said in June at his first press conference as chairman. He said in 2025 that he believed advancements in AI would be a reason for the Fed to cut interest rates , because it would help the economy to grow quickly without raising inflation. Venture capitalist Marc Andreessen speaks at the TechCrunch Disrupt conference in San Francisco, Sept. 13, 2016. San Francisco Chronicle/hearst Newspapers Via Getty Images | Hearst Newspape...
Asking for a Trend Host Josh Lipton previews several of the biggest stories to come tomorrow, Friday, July 10, including SK Hynix (000660.KS) making its debut on the Nasdaq, Delta Air Lines (DAL) earnings, monthly sales results from Taiwan Semiconductor Manufacturing Co. (TSM), and the pending approval of Congress' housing affordability bill.
Asking for a Trend Host Josh Lipton previews several of the biggest stories to come tomorrow, Friday, July 10, including SK Hynix (000660.KS) making its debut on the Nasdaq, Delta Air Lines (DAL) earnings, monthly sales results from Taiwan Semiconductor Manufacturing Co. (TSM), and the pending approval of Congress' housing affordability bill.
Nexchip Semiconductor Corp. is set to begin trading in Hong Kong on Friday after raising $890 million in a share sale, testing investor appetite for Chinese chipmakers after a deluge of offerings in the artificial intelligence industry. The Hefei-based wafer foundry sold 216.2 million shares at HK$32.30 apiece, the maximum offer price. The pricing represents a 57% discount from the closing price o...
Nexchip Semiconductor Corp. is set to begin trading in Hong Kong on Friday after raising $890 million in a share sale, testing investor appetite for Chinese chipmakers after a deluge of offerings in the artificial intelligence industry. The Hefei-based wafer foundry sold 216.2 million shares at HK$32.30 apiece, the maximum offer price. The pricing represents a 57% discount from the closing price of 65.21 yuan for its Shanghai-listed stock on Thursday. Hong Kong equity fundraising has been booming this year, driven by a wave of Chinese technology companies selling shares. First-time offerings have raised more than $30 billion so far in 2026, nearing the 2025 total of $36.8 billion, which was a four-year high, data compiled by Bloomberg show. The Nexchip deal is among the 10 largest first-time offerings in Hong Kong so far this year. Founded in 2015 as a joint venture between government-backed investors in Hefei province and Taiwan’s Powerchip Semiconductor Manufacturing Corp. , Nexchip has grown to become China’s third largest pure-play foundry by revenue, trailing industry giants such as SMIC and Hua Hong in the domestic market, and the ninth-largest globally. The company specializes in manufacturing chips designed by third parties rather than developing its own semiconductors, and focuses on mature-node manufacturing, with foundry services spanning process technologies from 150 nanometers to 40 nanometers. Proceeds from the listing will primarily fund technology upgrades. More than half has been earmarked for research and development and the optimization of a next-generation 22nm platform, while roughly a quarter will be invested in AI-enabled research and manufacturing initiatives. The company also plans to establish an R&D and sales center in Hong Kong. Other high profile names coming to the market include optical transceiver maker Zhongji Innolight Co. , and Baidu Inc. ’s AI chip unit Kunlunxin. For the latest news on equity capital markets activity in the Asia-...
Nvidia (NASDAQ: NVDA) is at the center of a new catalyst as agentic AI moves deeper into enterprise workflows. The bullish thesis is simple: if AI agents become the next major software wave, Nvidia's GB300 Blackwell Ultra could remain a critical foundation. But the value-capture battle is getting more complicated. Stock prices used were the market prices of July 3, 2026. The video was published on...
Nvidia (NASDAQ: NVDA) is at the center of a new catalyst as agentic AI moves deeper into enterprise workflows. The bullish thesis is simple: if AI agents become the next major software wave, Nvidia's GB300 Blackwell Ultra could remain a critical foundation. But the value-capture battle is getting more complicated. Stock prices used were the market prices of July 3, 2026. The video was published on July 8, 2026. Continue reading