From Silicon Valley to DC, the tech world is suddenly obsessed with one concept in AI: Distillation
From Silicon Valley to DC, the tech world is suddenly obsessed with one concept in AI: Distillation
Summary: Distillation has long been a topic for AI wonks, but it's become a hot-button issue of late as techies and lawmakers debate how it should be regulated.
Trump sued hours after new tariffs take effect, as experts say they may not hold up
Trump sued hours after new tariffs take effect, as experts say they may not hold up
Summary: President Donald Trump has renewed a flurry of tariffs, including slapping 25% duties on Brazilian imports and vowing 50% tariffs on goods from Canada.
Analysis: A powerful new coalition of AI skeptics is coalescing right in Trump's blind spot
Analysis: A powerful new coalition of AI skeptics is coalescing right in Trump's blind spot
Summary: Evangelicals, labor unions and anti-AI-data-center activists are part of a groundswell worrying about how fast technology is changing.
Trump mixes jokes with barbs at press freedom dinner
Trump mixes jokes with barbs at press freedom dinner
Summary: The black-tie gathering was called off on April 25 after a man tried to force his way through a security checkpoint and fired a shotgun.
Megacap earnings and Fed meeting could test a market on edge next week. Here’s what’s ahead
Megacap earnings and Fed meeting could test a market on edge next week. Here’s what’s ahead
Summary: There's no shortage of hurdles the stock market will have to jump in the week ahead.
Logistics giants are racing to keep up with healthcare boom as GLP-1s highlight need for cold storage
Logistics giants are racing to keep up with healthcare boom as GLP-1s highlight need for cold storage
Summary: Shipping and logistics companies are tapping into the growing market of healthcare as cold chain and temperature-controlled facilities become more crucial.
S&P 500 closes little changed Friday as Iran fears and chip sell-off weigh down market: Live updates
S&P 500 closes little changed Friday as Iran fears and chip sell-off weigh down market: Live updates
Summary: The three major averages are heading for weekly losses, led by the tech-heavy Nasdaq Composite.
Buffett favors an estate tax, but like virtually all billionaires, he won't be paying it
Buffett favors an estate tax, but like virtually all billionaires, he won't be paying it
Summary: Warren Buffett believes he and other very wealthy Americans are under-taxed but by giving his fortune to charity, he won't be paying billions in potential levies to the government.
Saudi military strikes Houthi targets in Yemen after the Iran-backed militia attacked Red Sea shipping
Saudi military strikes Houthi targets in Yemen after the Iran-backed militia attacked Red Sea shipping
Summary: Saudi Arabia intercepted two ballistic missiles from Yemen, Greek security sources told Reuters, as fighting in a second front in the Iran war escalates.
Trump threatens EU with 'substantial TARIFF' for 'ROBBING' U.S. tech giants
Trump threatens EU with 'substantial TARIFF' for 'ROBBING' U.S. tech giants
Summary: Trump on Truth Social railed against the European Union's new fine on Google and prior penalties against U.S. tech giants Apple, Meta and Amazon.
Boom in tech wealth is fueling record prices for dinosaur bones, art and watches, auction houses say
Boom in tech wealth is fueling record prices for dinosaur bones, art and watches, auction houses say
Summary: The major auction houses racked up nearly $10 billion in sales in the first half, marking one of the strongest-ever starts to the year.
Why bond investors are pushing up some of your interest rates
Why bond investors are pushing up some of your interest rates
Summary: Many types of consumer loans such as mortgages peg their interest rate to the yield on 10-year Treasury bonds, which has been moving higher.
SpaceX launches massive Starship rocket in first test flight since IPO
SpaceX launches massive Starship rocket in first test flight since IPO
Summary: Elon Musk's rocket maker is conducting the first test fight for its massive Starship rocket since the company's IPO last month.
Why the Federal Reserve should hike rates next week
Why the Federal Reserve should hike rates next week
Summary: The Fed cannot know the exact path of inflation, but the potential cost of an energy-driven surge in prices outweighs the cost of a modest preemptive hike.
JPMorgan report finds dramatic jump in AI-themed ETFs — despite rough quarter
JPMorgan report finds dramatic jump in AI-themed ETFs — despite rough quarter
Summary: Wall Street is banking heavily on exchange-traded funds that give investors artificial intelligence exposure, according to JPMorgan Asset Management.
CDC says massive cyclospora outbreak is now in nine states
CDC says massive cyclospora outbreak is now in nine states
Summary: The four newly linked states — Illinois, Kansas, Oklahoma and Pennsylvania — join Indiana, Kentucky, Ohio, West Virginia and hard-hit Michigan.
Finland’s radical answer to renewable energy’s biggest headache: The world’s largest sand battery
Finland’s radical answer to renewable energy’s biggest headache: The world’s largest sand battery
Summary: A small Finnish town has turned to the world's largest commercial sand battery to tackle a major hurdle in the energy transition: intermittency.
LeBron James joining Philadelphia 76ers for record-extending 24th NBA season
LeBron James joining Philadelphia 76ers for record-extending 24th NBA season
Summary: LeBron James announced he will join the Philadelphia 76ers for his record-extending 24th NBA season after eight seasons with the Los Angeles Lakers.
Paramount agrees to delay WBD acquisition to as late as June 2027 amid legal challenge
Paramount agrees to delay WBD acquisition to as late as June 2027 amid legal challenge
Summary: Paramount previously said it intended to complete its WBD acquisition by the end of September, but said Friday the agreement is a "significant win."
Uber and Waymo to end exclusivity arrangement in Atlanta and Austin
Uber and Waymo to end exclusivity arrangement in Atlanta and Austin
Summary: In Atlanta and Austin, Texas, Waymo driverless rides will be available on platforms other than Uber starting in 2028.
1 hyperscaler megacap down, 3 to go. Alphabet raises the stakes on AI spending
1 hyperscaler megacap down, 3 to go. Alphabet raises the stakes on AI spending
Summary: "Capex trends are going to be the number one focus," Club portfolio director Jeff Marks said Friday ahead of next week's Big Tech earnings.
Tariffs and gas prices are intensifying the affordability crunch. These 3 products can help
Tariffs and gas prices are intensifying the affordability crunch. These 3 products can help
Summary: Americans are facing higher prices as the Iran war continues and new tariffs go into effect.
Trump defends DOJ subpoenas of NY Times reporters; Google also was targeted
Trump defends DOJ subpoenas of NY Times reporters; Google also was targeted
Summary: The DOJ is investigating the leak to The New York Times of security concerns about President Donald Trump's new Air Force One plane, donated by Qatar.
Musk's bad week: Tesla suffers worst slump since 2022, SpaceX drops ahead of Starship test flight
Musk's bad week: Tesla suffers worst slump since 2022, SpaceX drops ahead of Starship test flight
Summary: Tesla shares plunged almost 18% this week after the company missed on earnings and turned cash flow negative.
Trump considers ‘massive attack’ on Iran; Pakistan reportedly seeks to restart stalled peace talks
Trump considers ‘massive attack’ on Iran; Pakistan reportedly seeks to restart stalled peace talks
Summary: The president told Axios he was considering an operation "bigger than ever before" before Reuters reported Pakistan is seeking to restart peace talks.
Bond market anxiety is growing over AI capex budgets
Bond market anxiety is growing over AI capex budgets
Summary: Google, Amazon and Meta are seeing credit spreads widen as fixed-income investors demand more reward on companies they lend to.
Oil shipments are under attack on multiple fronts as fighting escalates in Red Sea, Hormuz and Black Sea
Oil shipments are under attack on multiple fronts as fighting escalates in Red Sea, Hormuz and Black Sea
Summary: More than 60 commercial ships have been attacked in the Persian Gulf, Strait of Hormuz and Gulf of Oman since March 1.
Oil falls on report Pakistan is pushing for new U.S.-Iran talks with China's backing
Oil falls on report Pakistan is pushing for new U.S.-Iran talks with China's backing
Summary: Oil prices dropped by around 3% on Friday, but remained on track for a weekly jump of 10% as the U.S.-Iran war continued to escalate.
Moody's says 'unprecedented' AI spending threatens credit quality of Amazon, Meta, Alphabet and others
Moody's says 'unprecedented' AI spending threatens credit quality of Amazon, Meta, Alphabet and others
Summary: Moody's said AI spending is forcing even the world's most cash-rich corporations to lean heavily on debt, stock sales and off-balance-sheet moves.
Trader who successfully shorted Tesla into earnings now sets sights on this high flyer
Trader who successfully shorted Tesla into earnings now sets sights on this high flyer
Summary: The bearish Tesla set-up we flagged ahead of Wednesday's report has delivered most of what it can.
