Yields on Treasury bills are well above 5%, eclipsing the rate investors earn by parking cash at the Federal Reserve’s reverse repo program.
Key Words: OpenAI’s Sam Altman tells Salesforce’s Marc Benioff that AI ‘hallucinations’ are more feature than bug
The public face of generative AI told the head of Salesforce Inc. on Tuesday said AI hallucinations are more a feature of the technology than a bug.
Key Words: Here’s what DoubleLine’s Jeffrey Gundlach thinks about Bill Gross’s ‘bond king’ slap down
Jeffrey Gundlach, CEO of DoubleLine Capital, shook off Bill Gross’s comments at the Future Proof conference that suggested he couldn’t wear the crown of “bond king.”
: House Freedom Caucus talks tough as government shutdown could hit in 2½ weeks
House Freedom Caucus members on Tuesday continuee to take a tough stance on a short-term spending bill that would prevent a partial government shutdown.
: BP CEO Bernard Looney resigns over relationships with colleagues
BP Chief Executive Bernard Looney has resigned due to what the company said were insufficient disclosures of past personal relationships with colleagues.
IPO Report: Iconic sandal maker Birkenstock files for U.S. IPO
German sandal maker and in-again fashion icon Birkenstock has filed for an initial public offering, according to a filing late Tuesday.
: How Google’s Pixel Watch 2 stacks up against the Apple Watch 9 and Samsung Galaxy Watch6
Here’s how the new Google Pixel Watch 2, which debuted at the Made by Google event, compares with some of the rivals in price, battery life and other features.
: Apple to drop plastic packaging by end of next year, no leather cases for iPhone15
iPhone15 launch features green efforts, including a faster shift from plastic and leather. Analyst thinks Apple needs to be a bigger sustainability disruptor.
: UAW strike ‘seems inevitable,’ with effects on GM and Ford hinging on how long it might last
The market’s best hope for the companies centers on a short strike offset by rising inventories.
: Apple unveils iPhone 15 lineup, increases base price on highest-end model for first time
Apple dropped the cheapest configuration of its Pro Max version in an effective price hike on that model.
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