Semiconductor stocks fell for a sixth straight session as AI bubble fears and rising oil prices dragged on markets, even as analysts and commentators point to strong underlying chip demand heading into a critical stretch of earnings and inflation data.
Anthropic has petitioned a federal appeals court in Washington, D.C. to rehear its challenge to the Pentagon's supply chain risk designation, arguing the ruling ignored evidence that the blacklisting was retaliation for the company's public AI safety commitments.
JPMorgan Chase CEO Jamie Dimon said the bank will not permit external AI agents to transact on customer accounts, warning of "rogue agents" operating at scale, even as Meta's Muse and other autonomous assistants push deeper into personal finance.
Kroger announced it will lay off 3,000 corporate employees over three years as it ramps up AI use to streamline operations, adding to a growing pattern of workforce reductions tied to automation across major U.S. industries.
The FTC and seven states filed a contempt motion Tuesday against Martin Shkreli, alleging he traded in at least 60 pharmaceutical stocks and offered public commentary on drug companies in violation of a 2022 lifetime industry ban.
China's ChangXin Memory Technologies triggered a global semiconductor sell-off Tuesday after announcing progress on a new chip architecture, sending Micron down 5%, SK Hynix down 10%, and Samsung down 7.4% while extending losses across Asian and European markets.
Hackers forced refrigeration systems at hundreds of French supermarkets — including Carrefour, Intermarché, and Coopérative U — to overheat to 122°F overnight, spoiling food and drawing condemnation from EU officials over the "weaponization of food."
Semiconductor stocks fell for a sixth straight session as AI bubble fears and rising oil prices dragged on markets, even as analysts and commentators point to strong underlying chip demand heading into a critical stretch of earnings and inflation data.
JPMorgan Chase CEO Jamie Dimon said the bank will not permit external AI agents to transact on customer accounts, warning of "rogue agents" operating at scale, even as Meta's Muse and other autonomous assistants push deeper into personal finance.
China's ChangXin Memory Technologies triggered a global semiconductor sell-off Tuesday after announcing progress on a new chip architecture, sending Micron down 5%, SK Hynix down 10%, and Samsung down 7.4% while extending losses across Asian and European markets.
Anthropic has petitioned a federal appeals court in Washington, D.C. to rehear its challenge to the Pentagon's supply chain risk designation, arguing the ruling ignored evidence that the blacklisting was retaliation for the company's public AI safety commitments.
Kroger announced it will lay off 3,000 corporate employees over three years as it ramps up AI use to streamline operations, adding to a growing pattern of workforce reductions tied to automation across major U.S. industries.
The IMF warned AI is hitting labor markets like a "slow-moving tsunami," a survey found 85% of family offices chasing AI returns despite bubble fears, and TikTok's CEO predicted major scientific breakthroughs within three years.
Written for readers who already know the basics — markets, AI, and the policy decisions that shape both.