Economy

Economy
Economy

Bessent says Treasury auctions will continue as usual despite expanded buyback program

Treasury Secretary Scott Bessent clarified on Monday that the United States will maintain its standard schedule of debt auctions, easing concerns that a recent expansion of security buybacks might signal a shift in how the government manages its borrowing. Speaking at a press conference primarily focused on economic sanctions against Iran, Bessent pushed back against

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Economy

Situational Awareness, star AI hedge fund that nearly imploded, now being probed by the SEC

Situational Awareness, once the darling of Wall Street’s artificial intelligence craze, is facing a sudden and severe crisis after a meteoric rise. The hedge fund, helmed by former OpenAI employee Leopold Aschenbrenner, built its reputation on an aggressive investment strategy centered entirely on AI technologies. While this approach initially yielded staggering growth and turned the

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Economy

Paramount CEO David Ellison is at the final hurdle before buying WBD. So far, he can’t clear it

David Ellison has spent nearly a year chasing a massive expansion of his media empire, but the finish line remains stubbornly out of reach. The Paramount CEO and son of billionaire Larry Ellison is currently locked in a high stakes battle to acquire Warner Bros. Discovery in a deal valued at roughly 110 billion dollars.

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Economy

Zillow and Redfin settle FTC antitrust case

Zillow and Redfin have reached a settlement with the Federal Trade Commission and five state governments, bringing an abrupt end to a legal battle that was set to go to trial this Monday. The dispute centered on a controversial 2025 partnership agreement that regulators claimed stifled competition within the rental listing market. At the heart

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Economy

Leaked Microsoft pay data shows how much hundreds of employees report making in AI, cloud, and other teams

A glimpse into the inner workings of Microsoft’s payroll has emerged after an internal spreadsheet was leaked, revealing how the tech giant compensates its staff during the high stakes race for artificial intelligence supremacy. The document, which contains reports from nearly 600 employees, breaks down base salaries, annual raises, cash bonuses, and stock awards across

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Economy

California attorney general cancels talks with Paramount, accuses company of leaks

California Attorney General Rob Bonta abruptly canceled a planned meeting with Paramount Skydance on Monday, accusing the media giant of playing games during ongoing negotiations. The clash follows a series of settlement talks intended to resolve an antitrust lawsuit aimed at blocking the massive 110 billion dollar takeover of Warner Bros. Discovery. Bonta stated that

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Economy

Zillow Settles Antitrust Lawsuit With The FTC

Zillow has reached a formal settlement with the Federal Trade Commission to resolve an antitrust lawsuit centered on allegations that the real estate giant paid its competitor, Redfin, to exit the rental market. The legal battle began in September 2025 when regulators accused Zillow of paying Redfin 100 million dollars to shut down its internet

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Economy

Here’s Why Nvidia Stock Is Down Today—Again

Nvidia shares continued their downward slide on Monday afternoon, marking the seventh consecutive day of losses for the artificial intelligence powerhouse. Investors appear to be gripped by pre-earnings jitters ahead of the company’s high stakes financial report scheduled for Wednesday after the closing bell. This nervousness follows a pattern among other tech giants like Meta,

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Economy

AgentX – InferenceXv3: Does CUDA Moat Hold up in Agentic Inferencing?

The landscape of artificial intelligence has shifted dramatically since late 2025, moving away from simple chatbots toward complex, multi-turn agentic workloads. This transition became undeniable by early 2026 when enterprise spending on agents officially surpassed traditional ChatGPT usage. To keep pace with this evolution, the tech community has introduced AgentX 1.0, the first fully open

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Economy

Nvidia says Groq racks will be online this year following $20 billion purchase

Nvidia has officially moved into full production of its Groq 3 LPX rack, signaling the first major commercial milestone since the company spent 20 billion dollars to acquire assets from the chip startup last December. This move represents the largest acquisition in Nvidia’s history and aims to solve one of the biggest hurdles in artificial

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