Economy

Economy
Economy

Nvidia is set to challenge Anthropic and OpenAI with a new product

A few months ago, the idea of AI software breaking out of its testing environment and going after real companies sounded like science fiction. Now it has become a product category, and Nvidia just launched its entry. The chipmaker’s answer arrived alongside more than 100 partner organizations, and the group of companies backing the launch

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Economy

Another amusement park closes forever after four seasons

The global theme and amusement park industry is projected to grow from approximately $71.5 billion USD in 2026 to $110.6 billion USD by 2033. Still, individual parks can face pressures ranging from rising operating costs to heavy regional competition and snowballing corporate debt from repairs and renovations that keep rides appealing to visitors. Theme park

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Economy

How a 30-year-old became the youngest member of the Forbes 400 after Cognition, the AI startup Steven Hao founded, raised $2 billion at a $48 billion valuation

At just 30 years old, Steven Hao is the youngest member of the 2026 Forbes 400 list with a net worth of $5.8 billion.  His fortune comes from Cognition, an AI coding startup he founded with Scott Wu and Walden Yan back in 2024, that has now become one of the fastest-growing companies in the

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Economy

Buffett’s final warning flags major threat to purchasing power

Warren Buffett spent his final annual meeting as chief executive officer delivering a warning about the U.S. fiscal outlook rather than a farewell, CNBC reported from the May 3, 2025, Berkshire Hathaway annual meeting. At age 96, he has stepped back from Berkshire’s leadership but remains on the board as chairman emeritus. Greg Abel assumed

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Economy

Microsoft CEO names one key concern with its AI

Artificial intelligence tools that answer questions or generate text on request have become standard in many offices. The newer category of AI software is built around a different premise: It takes multiple steps, interacts with outside programs, and carries out tasks from start to finish without requiring a new instruction at every stage. That shift

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Economy

Google set to challenge Meta Muse in the Agentic AI race

Making a dinner reservation or checking whether an item is still in stock usually means a phone call, time on hold and, depending on the business, a second call to confirm. Restaurants, medical offices, repair shops and local businesses often have no online booking system or real-time inventory information. The call is the only option.

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Economy

Microsoft just sent a strong message to Anthropic

Microsoft has spent the past year watching Anthropic and OpenAI pull ahead in the race to make AI genuinely useful for corporate customers.  On September 25, the company tried to close that gap in one move. It folded years of separate AI products into a single app built to compete directly with Claude. The timing

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Economy

Michael Burry sends a stark warning to Big Tech stock investors

Michael Burry has spent the better part of this year picking apart Big Tech’s AI spending, one balance sheet at a time.  His newest warning goes further than any of his previous posts, arguing the entire industry is now repeating a pattern that has wrecked fortunes before. The five companies at the center of his

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Economy

Cash-strapped Americans are spending big at one surprising place

U.S. consumers are starting to be choosier about where they spend their dollars. They’re holding back on impulsive buys, scrutinizing pricing more closely, and more often wondering if the items in their carts are worth the price. The burden on family finances is high. KMPG surveyed 1,544 U.S. consumers and found that 93% had higher

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Economy

Kevin Warsh and the Fed send stern warning to Americans

Your bank statement can go up every month and you can still be losing money. That is the uncomfortable reality sitting underneath a string of warnings from the nation’s top monetary officials this fall. It has nothing to do with your bank failing or your balance shrinking. The danger is quieter than that. It shows

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