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EXPLAINED: 2 | Vintage Vibes

Palo Alto CEO Warns AI Is Making Aging Defenses Obsolete, Putting $1 Trillion In Infrastructure At Risk

Palo Alto beat fiscal fourth-quarter estimates and provided a strong outlook for its new fiscal year.

International Business Times

The Trump administration says more oil shipments exited the Middle East this week than before the Iran war, but the data says otherwise

More oil is exiting the Middle East of late, but it's not close to pre-war levels, experts said.

Fortune

Chevron expands Venezuela presence with $7 billion plan to double oil output in five years

Chevron shares rose 0.51% to $212.13 on Wednesday as the oil major announced plans to invest more than $7 billion in Venezuela. The company aims to double production through its joint ventures to about 600,000 barrels per day over the next five years.

The Economic Times

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Berkshire Hathaway CEO Greg Abel sees AI, power demand as new engines of growth

Berkshire Hathaway sees AI opportunities beyond technology stocks. The company is investing in Alphabet, a significant player in artificial intelligence. Berkshire Hathaway Energy could benefit from data center power demands. Consumers still face economic pressures from inflation and mortgage rates. Long-term investments in Japanese trading houses remain a strategic focus.

The Economic Times

Meta Agreed To Pay Up To $18 Billion To End A Major Legal Fight. Investors Are Already Looking Past It.

Meta is simultaneously preparing to spend as much as $145 billion on capital projects this year.

International Business Times

Fed's Williams ties rising bond yields to strong economy, CNBC reports

John Williams, the President of the New York Fed, emphasizes the impact of robust economic growth on increasing bond yields. He highlights the Federal Reserve's essential role in managing inflation and achieving its goals. As he continues to analyze data for upcoming interest rate adjustments, recent economic indicators show promise…

The Economic Times

New Orleans woman checks Delta flight tickets to Mexico. The prices had her calling out the airline on TikTok: ‘More than $1000?’

"Spirit will never"

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'Inflation Hits Us All': $400M Businessman Reveals His Favourite Walmart Deals You Probably Buy Too

Kevin O'Leary, worth about $400M, reveals his favourite Walmart deals, from $29 jeans to bulk Bounty paper towels, as inflation squeezes shoppers.

International Business Times UK

Bessent Addresses His Mentor's Criticism Of U.S. Debt Buybacks, Defends Intervening In The Market

"Stan's a great investor, but what I would point out is that again, the U.S. bond market has been the best performing market since the president came in," Bessent said about Stanley Druckenmiller.

International Business Times

'Grand Theft Auto 6' Preview Overwhelms Streaming Platforms. Analysts See Blockbuster Demand Ahead.

The highly anticipated extended look at gameplay for "GTA 6" debuted Thursday, August 27, on Netflix.

International Business Times

From Nike to Starbucks, some American brands are losing aura in China

Global companies once relied on China for consistent growth and expansion. Economic challenges and strong local competitors now impact foreign brands significantly. Brands like Nike and Starbucks are losing market share to domestic rivals. However, some companies succeed by adapting to local tastes and preferences. Success in China now depends…

The Economic Times

SpaceX Stock Has Suddenly Gone Quiet. Options Traders Are Betting on What Comes Next.

After a volatile public-market debut that sent shares soaring before a sharp reversal, SpaceX stock has spent roughly three weeks trading in a narrow range around $140.

International Business Times

The Ultra-Rich Are Putting More Money Into Stocks. AI Giants Are Among Their Favorite Bets.

Microsoft was the most widely owned stock, while private-market allocations fell as private credit, venture capital and real estate funds recorded markdowns.

International Business Times

Custom AI Chips Are Coming for Nvidia. OpenAI's Jalapeño Could Be the Biggest Warning Yet.

OpenAI says the chip can deliver both high throughput and low latency, which translates into faster responses.

International Business Times

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International Business Times

The Midterms Are Coming. Wall Street Sees A Debt-Ceiling Battle In The Future.

With the election about 10 weeks away, investors are increasingly considering what a shift in congressional power could mean for stocks, bonds and fiscal policy.

Motor1

Mate Rimac Has A Bold Prediction For The Future Of Supercars

Bugatti Rimac’s boss now sees future supercars as emotional, low-volume combustion showpieces rather than chasing mass-market electric performance gains.

The Economic Times

Mortgage rates today: 30-year fixed rate hits a three-week high as homebuyer demand weakens

Mortgage rates have edged higher, reaching their highest point in three weeks. This increase is adding pressure to the already sluggish U.S. housing market. Total mortgage application volume saw a slight decrease from the previous week. Refinancing applications dropped, and home purchase demand also weakened. Affordability pressures continue to weigh…

International Business Times

Another Top Executive Departs OpenAI Even As The Company Continues Marching Toward Its Massive IPO

Chris Malone became the latest top executive to leave the company.

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International Business Times

Bessent Is Trying to Push Bond Yields Lower. His Former Mentor Says It Won't Work.

Billionaire investor Stanley Druckenmiller has emerged as one of the most prominent critics of the Treasury's expanding intervention in the bond market.

International Business Times

The Risks China and Major Trade Partners Of Iran Could Face From Trump's Economic Pressure

Although enforcement details remain unclear, the strategy could have major consequences far beyond Tehran, particularly for China, the United Arab Emirates, Turkey, Iraq and India.

International Business Times

Ukraine Continues Attacks On Russian Online Retailers. Putin Vows To Retaliate.

Ozun, Russia's second largest online retailer, has been hit with several Ukrainian attacks.

International Business Times

The SEC Reportedly Wants To Know More About Wall Street Banks' Role In The Fall Of Situational Awareness

Goldman Sachs, JP Morgan, Citigroup and Bank of America have been contacted.

Medical Daily

Estrogen Patch Supply Still Falls Short of Demand While the Product Stays Off the Federal Shortage List

Manufacturers say the supply of estrogen patches cannot meet demand, but the FDA has not listed estradiol patches as in shortage. Here is why that gap matters.

International Business Times

Two Top Banks Say The Treasury's Strategy To Buy Back Bonds Won't Bring Down Yields

"We think the buybacks themselves are unlikely to meaningfully reset rate levels even if scaled up," said Goldman Sachs strategists.

The Economic Times

Studying in America is anything but a dream now

The US education-to-employment route is becoming costlier for Indian students. Annual costs at 16 colleges have crossed $100,000, while a proposed $103,265 H-1B employer fee could complicate post-study hiring. Meanwhile, Indian first-year applications to US colleges have fallen 14%.

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