Economy

Economy
Economy

I drove Tesla FSD, Rivian Autonomy+ ‘hands-free’ driving systems. Here’s how they compare

Comparing the current state of semi-autonomous driving feels like watching a high stakes race where one competitor has a significant head start. After spending hundreds of miles testing Tesla’s Full Self Driving and Rivian’s newer Autonomy Plus systems across the Midwest, it is clear that while Rivian is making massive strides, Tesla still holds the

Read More
Economy

David Tepper’s Appaloosa sells AI memory stocks while loading up on Magnificent Seven in the second quarter

Hedge fund titan David Tepper has made some significant pivots in his investment strategy during the second quarter, signaling a shift in how he views the artificial intelligence landscape. According to recent filings, Tepper’s Appaloosa Management decided to trim its positions in several AI memory stocks, moving away from the hardware components that have fueled

Read More
Economy

Situational Awareness filing shows AI bets before forced portfolio sale to Citadel

Recent regulatory filings have cast a spotlight on the strategic maneuvers of Situational Awareness, revealing a concentrated series of bets on artificial intelligence just before the firm was compelled to sell off its portfolio to Citadel. The documents suggest that the fund leaned heavily into AI assets during its final independent stretch, signaling a high

Read More
Economy

FDA upgrades egg recall to highest risk level as salmonella sickens dozens across several states

Federal health officials have escalated a massive egg recall to their most severe risk category after a salmonella outbreak left nearly a hundred people ill across the United States. The Food and Drug Administration officially upgraded the situation to a Class I recall on Wednesday, a designation reserved for instances where there is a reasonable

Read More
Economy

Berkshire boosted its Alphabet stake by 83% during its biggest stock-buying quarter in years

Berkshire Hathaway has aggressively expanded its footprint in the tech sector, boosting its stake in Alphabet by a staggering 83 percent during what marks its most active stock buying spree in several years. Under the leadership of new CEO Greg Abel, the conglomerate grew its holdings in the parent company of Google to approximately 106

Read More
Economy

Trump-linked World Liberty crypto venture gets preliminary approval from currency comptroller

The Office of the Comptroller of the Currency has granted preliminary conditional approval for a national trust bank linked to World Liberty Financial, a cryptocurrency project involving the family of President Donald Trump. According to a letter published on the regulator’s website, the move clears a major hurdle for World Liberty Trust Company, National Association,

Read More
Economy

723 jobs being lost as Tyson Foods closes Eagle Mountain facility

Hundreds of workers in Eagle Mountain are facing an uncertain future after Tyson Foods announced it will shutter its case ready meat facility this October. According to a notice filed with the Utah Department of Workforce Services, 723 employees will lose their jobs as part of a broader corporate restructuring effort. For many staff members,

Read More
Economy

Why tech bosses keep sharing their manifestos about AI

Mark Zuckerberg has joined a growing club of Silicon Valley titans who prefer long form essays over traditional press releases. His recent 6,500 word open letter, titled The Future is for Everyone, outlines a hopeful vision for artificial intelligence and pushes back against the prevailing narrative of digital doom. This follows a pattern established by

Read More
Economy

Berkshire Hathaway boosts Alphabet to a top three holding, ups Delta and housing bets

Berkshire Hathaway has signaled a major shift in its investment strategy, ending a fourteen quarter streak of net stock sales to become an aggressive buyer once again. According to recent regulatory filings, the conglomerate poured nearly twenty billion dollars into equities during the second quarter, most notably catapulting Alphabet into its top three largest holdings.

Read More
Economy

Pull up to the window, please, for a glimpse of an American icon: The drive-thru

To understand the true essence of American convenience, one only needs to look at the intersection of two national obsessions: fast food and automobiles. While many remember the nostalgic image of the mid-century drive-in, complete with carhops on roller skates delivering trays to windows, that was merely the prologue. The real revolution arrived in the

Read More