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AI Schemes Against Its Creators, Stress Tests Prove
Would a chatbot kill you if it got the chance? Under the right circumstances, it seems the answer might be yes.

By The Financial District
Aug 92 min read


Smithsonian Officer Gets Joseph Welch Award
This week’s Joseph Welch Award—given to a person who stands up to tyranny in America, echoing the courage attorney Joseph Welch showed when confronting Senator Joseph McCarthy in the 1950s—has been awarded to Lonnie G. Bunch III, Secretary of the Smithsonian Institution.

By The Financial District
Aug 92 min read


Fed Vacancy Gives Trump Chance to Disrupt Fed
President Trump erupted on social media after the Federal Reserve held interest rates steady this week, calling on the board to “assume control” and lower rates on the same day a Biden-appointed Fed governor announced her resignation.

By The Financial District
Aug 81 min read


PSE Index Slips Anew on a Sell-Down
The Philippine Stock Exchange (PSE) index slipped anew Friday on a sell-down, with financials, industrials, conglomerates, and services all declining. The market closed at its lowest point of the day at 6,339.38, down by 25.31 points or 0.40 percent.

By The Financial District
Aug 82 min read


BOE Likely to Cut Rates Despite Spike In Inflation
The Bank of England (BOE) is likely to deliver another interest rate cut on Thursday, as tax hikes and wary consumers weigh down Britain’s economy and prompt firms to slow hiring.

By The Financial District
Aug 81 min read


Shein, Temu Lose Business as U.S. De Minimis Rule Is Scrapped
President Donald Trump last week suspended a global trade loophole that allowed smaller parcels to enter the U.S. duty-free, cutting off a major channel used by Chinese e-commerce giants Shein and Temu.

By The Financial District
Aug 81 min read


Rheinmetall Secures €770-M Order from German Army
Germany’s armed forces, the Bundeswehr, have placed an order with Rheinmetall for around 1,400 military logistics vehicles, valued at €770 million.

By The Financial District
Aug 81 min read


Student Borrowers Risk Having Their Wages Garnished Over Loans
Millions of student borrowers could begin having their wages garnished as soon as this summer, according to estimates from credit bureau TransUnion.

By The Financial District
Aug 81 min read


Senate Seeks A Way Out of Confirmation Purgatory
Senators are preparing to remain in Washington through the weekend as Republicans seeking to speed up confirmations of President Trump’s nominees struggle to reach an agreement with Democrats demanding concessions.

By The Financial District
Aug 81 min read


Tech Manufacturing Powered Asia—Now It’s a Casualty of Trump’s Tariffs
When he began his trade war, President Donald Trump said his goal was to bring jobs and manufacturing back to the U.S., reduce trade deficits, and create a more level playing field for American companies competing globally.

By The Financial District
Aug 81 min read


Judges Flub Trump, Keep Restrictions on L.A. Immigration Arrests
The Trump administration’s immigration agenda suffered another setback as an appeals court has upheld a decision temporarily halting federal agents from making immigration-related arrests in the Los Angeles area without probable cause.

By The Financial District
Aug 81 min read


Berkshire Takes $3.8-B Kraft Heinz Write-Down
Warren Buffett's Berkshire Hathaway has announced that it took a $3.76 billion write-down on its stake in Kraft Heinz during the second quarter — a clear acknowledgment that the decade-old investment has not panned out.

By The Financial District
Aug 81 min read


Russia Oil Imports A "Point Of Irritation" In India-U.S. Ties, Says Rubio
U.S. Secretary of State Marco Rubio said that India’s relationship with Moscow remains a “point of irritation” in its ties with the United States.

By The Financial District
Aug 81 min read


Peeved By Weak Jobs Numbers, Trump Fires Labor Official
President Trump lashed out at the state of the labor market, claiming without evidence that the jobs data were “rigged” and announcing he had fired the Senate-confirmed Department of Labor official responsible for compiling the monthly numbers.

By The Financial District
Aug 82 min read


Switzerland Fumes Over 39% U.S. Tariff on Its Exports
Switzerland received a rude shock on its national holiday when President Trump imposed a 39% tariff on goods imported from the Alpine country, one of the highest rates levied on any nation.

By The Financial District
Aug 81 min read


U.S. Senators Head Home After Nixing Trump’s Nominees
The Senate left Washington for its monthlong August recess without reaching a deal to advance dozens of President Donald Trump’s nominees, ending days of contentious bipartisan negotiations.

By The Financial District
Aug 82 min read


Figma Stock Gains 5% After Blockbuster 250% Debut Rally
Figma stock seesawed, ending the day up a little more than 5% after dipping into negative territory during morning trading.

By The Financial District
Aug 81 min read


Trump’s Economic Numbers Worrisome
For all of President Donald Trump’s promises of an economic “golden age,” a spate of weak indicators this week painted a potentially worrisome picture as the impacts of his policies come into focus.

By The Financial District
Aug 82 min read


Carvana’s 10,000% Rally Deals $70-B Blow to Shorts
Carvana Co.’s shares hit an all-time high this week — rising more than 10,000% from their late-2022 low — delivering a staggering blow to investors betting against the online used-car dealer.

By The Financial District
Aug 81 min read


PSE Index Edges Up in Volatile Session
The Philippine Stock Exchange (PSE) index rose slightly Thursday, closing 5.96 points higher, or 0.09 percent, after another volatile session that saw it nearly hit the day’s low due to a sell-down in conglomerates and three other sub-indices.

By The Financial District
Aug 82 min read


Microsoft Embeds Copilot into Its Browser
Microsoft is embedding its AI assistant deeper into its browser, combining Copilot and Edge search into a single text box that can read information across browser tabs.

By The Financial District
Aug 71 min read


Economy Likely Created Only 115,000 Jobs in July
The American job market is weakening—slowly but noticeably.

By The Financial District
Aug 71 min read


Asia's Factory Activity Worsens as U.S. Trade Uncertainty Bites
Asia’s factory activity deteriorated in July as weak global demand and ongoing uncertainty over U.S. tariffs weighed on business confidence.

By The Financial District
Aug 71 min read


Nissan Loses ¥115.76 Billion In Q2 Due To U.S. Tariffs
Nissan Motor Co. has reported a net loss of ¥115.76 billion ($780 million) for the April–June quarter, attributing the downturn to U.S. auto tariffs.

By The Financial District
Aug 71 min read
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