Deira Trading Company

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Why OpenAI’s Sam Altman says an IPO isn’t in the cards this year

Concerns about AI safety have ramped up, and OpenAI’s CEO says now would be an ‘ill-advised’ time for the ChatGPT creator to go public
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Elon Musk backs Anthropic’s call to slow down AI progress before rogue bots take over the entire internet

Leaders of major AI companies say they agree with Anthropic CEO Dario Amodei, who just called for the tech industry to move more slowly with model development.

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I want to pay for every customer at my late husband’s favorite restaurant on his birthday. Could this backfire?

“I’m concerned that my card issuers might freeze or flag the cards when they suddenly see an extraordinary number of transactions.”
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Marvell is sitting on an incredibly ‘sticky’ business that could help it unlock a $30 billion opportunity

Marvell is best known for making custom chips — but an analyst notes there’s arguably more potential in supporting components and optical networking.

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25 years after 9/11, the U.S. starts rolling back travel restrictions, from liquids to gate access

Years after 9/11, the U.S. government is walking back some security screenings as threats and technology evolve.

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The traditional paths to building wealth are becoming less accessible for young Americans. Here’s what happened.

Generation Z and young millennials are navigating major shifts in the economy that have made it harder to build wealth the way Americans did in the past.

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Anthropic’s safety-first image takes a hit ahead of its massive IPO: ‘AI could kill all humans.’

While concerns over AI safety are not likely to derail Anthropic’s IPO plans, experts expect more regulation and safety disclosures.

Home sales fall in August despite the highest supply in over a decade

Home sales slowed again despite the highest supply of homes for sale in over a decade. Prices, however, continue to rise.

NFL Commissioner Roger Goodell says league could rework TV packages in next media deal

The NFL has an opt-out clause at the end of the 2029-30 season in which it can resell and redistribute its media rights.

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Macy's posts strong results, raises guidance as turnaround begins to take hold

Macy's posted strong fiscal second-quarter results on Thursday and raised its full-year guidance.
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Adobe’s latest earnings leave Wall Street wanting more

“In this environment you can’t just meet” expectations, an analyst says

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Kimmel says interview with Senate candidate Talarico won't air on ABC amid FCC threats

ABC has come under increased pressure from the FCC, and the Trump administration has raised concerns about equal air time for political candidates.
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Treasury yields surge toward the danger zone for stocks, as inflation pressures heat up

Oil prices were at their highest levels since late May, while rising wholesale inflation data sent benchmark 10-year yields closer to the key 5% level.

Wealthy investors seek oil and gas assets, but bargains are scarce

The Iran war and the AI boom have created a crowded market for mineral rights and other energy assets.
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The ECB is virtually certain to raise rates. Wall Street is bracing for what comes next.

While nearly all observers anticipate a rate hike today, there is dissent among bond markets about the terminal rate for this tightening cycle from the ECB. Much depends on events…
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Trump promises $5,000 checks if Republicans win the midterms. He also teased tariff and ‘DOGE’ dividends last year that never came.

President Trump’s speech at his party’s midterm convention in Dallas comes as many analysts expect losses for Republicans in November’s elections due to voters’ frustrations with high prices.
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Diesel prices hit another record high. If you’re shocked, wait until you see your grocery bill.

The most important price in America is one most drivers never pay — and it reaches the CPI, the Fed and the European Central Bank in the same week.

LA Rams President Kevin Demoff touts Australia push ahead of historic NFL game

The Rams spent five years building their brand in Australia. This week, Los Angeles will face San Francisco in the NFL’s first regular-season game Down Under.
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Canadian whisky on the rocks? Crown Royal is set to avoid Trump’s new ban.

Canada’s top liquor brand looks on track for a reprieve because it’s bottled in the U.S. for American customers.

What a historic summer box office reveals about massive shifts in the theatrical industry

The domestic box office posted a record-breaking summer movie season which was bolstered by an extra week of ticket sales and higher priced premium screenings.
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Expecting an inheritance? Don’t count on it.

Too many people may be relying on the so-called Great Wealth Transfer
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How to create a ‘forever paycheck’ without paying for an annuity

Jean Chatzky’s new book lays out several strategies for creating steady retirement income.

Trump administration expresses 'profound concern' over Ford's ties to China

In a letter to Ford CEO Jim Farley, U.S. DOT Secretary Sean Duffy questioned the automaker's strategic trajectory involving Chinese companies.

How one hedge-fund manager built his firm to be powered entirely by AI agents

It's a stark example of a growing reality on Wall Street as firms test the benefits and limits of AI in finance and on their employees.
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How to invest in a booming stock market that’s way cheaper than the S&P 500

Poland’s reclassification as a developed economy from an emerging market opens it up for investment by many more investors.
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Why a stronger Japanese currency could spell trouble for AI and technology stocks

A rapid unwind of the Japanese yen ‘carry trade’ could trigger a stock selloff, particularly hurting high-valuation U.S. tech names.

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Beneath the surface, the next stock-market leaders are getting ready to break out, says Morgan Stanley

Earnings estimates are starting to pick up for artificial-intelligence adopters — and their stocks are due to rise as well, argues Morgan Stanley.
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Why the Dow is being dragged down by a Swiss company’s bad news

Futures on the Dow were significantly worse than the S&P 500 because of a cardiovascular drug’s late-stage setback.
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Why the launch of OpenAI’s latest Astra model reignited the memory-chip trade

Since troughing on July 29, the semiconductor sector has been recovering steadily with the OpenAI ChatGPT-6 Astra release bolstering sentiment further
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Oil prices climb after reports of Saudi Aramco refinery being hit by Houthi rebels

The West Texas Intermediate and Brent crude contracts previously rose to near-seven-week highs.
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Chip stock investors beware — these charts could warn of further weakness ahead

U.S. stock investors have reason to pay attention to the currency market for signs of how money may be flowing in and out of chip stocks.
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‘I’m the executor’: My two siblings and I inherited an IRA. Can we just cash it out?

“Am I required to create three new inherited IRAs so that the firm can divide it equally?”
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Is the U.S. losing its safe-haven status? Why global central banks are pulling gold out of New York.

What to know about safe havens and the U.S., as the Netherlands’ central bank follows France in pulling gold out of New York.
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Will a data center hurt your home’s value? Research says no. Sellers disagree.

In recent months, Americans have gotten more vocal about their concerns over data centers and the effects they could have on home values.
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Ether Options Market Shows Bias for Price Weakness Over Next 6 Months

Ether's price appears overvalued compared to Ethereum's dwindling revenues, one analyst said.   Ethereum's native token Ether (ETH) fell to a six-week low on Tuesday, with traders in the options…
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MakerDAO’s MKR, Ripple’s XRP and Stellar’s XLM Led Crypto Gainers in July

Cryptocurrency giants bitcoin and ether, meanwhile, lost ground during the month. MakerDAO’s MKR was the leading gainer among the constituents of the Coindesk Market Index (CMI) in July, advancing 47%. The native…
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ApeMax and Dogecoin: Battle of the Meme Coins

  In the volatile world of cryptocurrency, meme coins have carved out their own niche. These internet-inspired coins, often humorously named and themed, have a unique appeal to a wide…
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Ripple (XRP) Price Prediction: Is It Time To Invest in XRP?

Recently, a judge in the United States made a ruling in favour of Ripple (XRP) and this news sent a ripple effect to the entire crypto market with XRP price…
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Bitcoin Plunged 11% in Worst Week Since FTX’s Collapse. What’s Next for BTC’s Price?

BTC slipped below $26,000 amid the crypto market mayhem. BTC’s fall below $26,000 is poised to be the worst weekly decline since the collapse of FTX. Absence of a decision…
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FTX Crypto Bankruptcy Filing Shows $8.6 Billion Shortfall

If FTX was founder Sam Bankman-Fried’s alleged personal piggy bank, it wasn’t refilled. Newly filed court documents introduced last week (March 2) reveal what John J. Ray III, FTX’s current CEO, has called…
Source: CurrencyRate