The project will involve the purchase of key minerals such as rare earths, copper and lithium, which will be sourced by three partnered trading companies © Lauren Petracca/Bloomberg The US government will launch a $12bn critical minerals stockpile as part of its efforts to counter Chinese dominance over key metals and support domestic manufacturers during…
The US Department of Labor headquarters building is seen at dusk on June 21, 2024 in Washington, DC. J. David Ake | Getty Images News | Getty Images The Bureau of Labor Statistics will not be releasing the January jobs report as scheduled Friday due to the partial government shutdown, a department spokesman confirmed Monday….
Bitcoin’s BTC$78,937.14 price action looked strangely lethargic early last month even as traditional assets such as precious metals and equities pushed to fresh highs. The world’s largest cryptocurrency repeatedly failed to clear the $90,000 level — a stall that, in hindsight, foreshadowed the recent sharp sell-off to $75,000. STORY CONTINUES BELOW At the time, traders…
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In the wake of Alex Pretti’s death at the hands of federal officers in Minneapolis, a growing number of corporate leaders, employees and Minnesota-based companies are speaking out. Some are condemning the fatal shooting and President Donald Trump’s broader immigration enforcement in the state. But the response has also exposed a familiar tension in corporate…
NEW YORK (AP) — U.S. stocks rose on Monday following sharp swings that shook financial markets overnight, including tumbles for Asian stocks. Gold and silver prices sank further following their latest wild moves. On Wall Street, the S&P 500 added 0.5% and snapped a three-day losing streak. The Dow Jones Industrial Average rose 515 points,…
Sign up for the Slatest to get the most insightful analysis, criticism, and advice out there, delivered to your inbox daily. Last August, Adam Thomas found himself wandering the dunes of Christmas Valley, Oregon, after a chatbot kept suggesting he mystically “follow the pattern” of his own consciousness. Thomas was running on very little sleep—he’d…
Disney’s Magic Kingdom park in Florida. The company said it expected to repurchase $7bn of its own stock in 2026 © Joe Burbank/Orlando Sentinel via AP Higher guest spending at Disney’s theme park and cruise ship business pushed the company’s revenues higher in the last three months of 2025, but the company warned of potential…
Elon Musk insists xAI’s chatbot doesn’t break the law, but it’s still churning out nearly naked, sexualized images of men. Elon Musk insists xAI’s chatbot doesn’t break the law, but it’s still churning out nearly naked, sexualized images of men. Feb 2, 2026, 2:09 PM UTC Robert Hart is a London-based reporter at The Verge…
We’ve seen plenty of evidence suggesting that prolonged use of popular AI chatbots like ChatGPT can coax some users into spirals of paranoid and delusional behavior. The phenomenon, dubbed “AI psychosis,” is a very real problem, with researchers warning of a huge wave of severe mental health crises brought on by the tech. In extreme…
In this article DIS Follow your favorite stocksCREATE FREE ACCOUNT Disney reported quarterly revenue and earnings on Monday that topped analyst expectations, lifted by its theme parks, resorts and cruises segment. The experiences unit reported more than $10 billion in quarterly revenue for the first time, CFO Hugh Johnston told CNBC. Disney’s domestic theme parks…
Oil markets could be in for a major shock as President Donald Trump mulls a military strike on Iran, according to a top energy analyst. The Islamic Republic responded to domestic unrest with unprecedented violence, slaughtering tens of thousands of people since protests broke out in late December. Trump warned the regime not to kill…
AUSTIN, Texas, Feb. 1, 2026 /PRNewswire/ — Oracle Corporation (NYSE: ORCL) today announced its full calendar year 2026 plan to fund the expansion of its rapidly growing Oracle Cloud Infrastructure business. Oracle is raising money in order to build additional capacity to meet the contracted demand from our largest Oracle Cloud Infrastructure customers, including AMD,…
A study of affluent Chinese released this month by consulting firm Oliver Wyman found that 22% of respondents were negative about the economy when surveyed in May. It just exceeds the 21% seen in October 2022, just before Beijing announced plans to ease its stringent zero-Covid policy. Dukai Photographer | Moment | Getty Images South…
In this article .STOXX .SPX BTC.CM= .DXY XAU= XAG= Follow your favorite stocksCREATE FREE ACCOUNT Kevin Warsh, Fellow in Economics at the Hoover Institution and lecturer at the Stanford Graduate School of Business, speaks during the Sohn Investment Conference in New York City, U.S., May 8, 2017. Brendan McDermid | Reuters .ido-promo__content { box-sizing: border-box;…
Gold and silver fell on Monday as the reversal of a record-breaking rally in precious metals extended into a second week. Gold, which on Friday suffered its biggest one-day drop in more than 40 years, fell as much as 9 per cent in early trading, before rebounding to leave it down 4.5 per cent on…
By Katya Golubkova TOKYO, Feb 2 (Reuters) – Oil prices fell 3% on Monday as U.S. President Donald Trump said over the weekend Iran was “seriously talking” with Washington, signalling de-escalation with an OPEC member after risks of a military strike drove prices to multi-month highs. Brent crude futures were down $2, or 2.9%, to…
Silver and gold fell on Monday, extending losses after a major sell-off at the end of last week. Spot silver was last down more than 6% to $78.86 per ounce. Spot gold lost more than 4%, sitting at around $4,662.43. Futures tied to silver rose 2% to $80.11. On Friday, they fell 28% for their…
The Wall Street Journal dropped a bombshell on Friday evening, reporting that Nvidia’s plan to invest up to $100 billion in OpenAI “has stalled after some inside the chip giant expressed doubts about the deal, people familiar with the matter said.” In September, the two sides announced a nonbinding letter of intent that would see…
Good Morning, Asia. Here’s what’s making news in the markets: Welcome to Asia Morning Briefing, a daily summary of top stories during U.S. hours and an overview of market moves and analysis. For a detailed overview of U.S. markets, see CoinDesk’s Crypto Daybook Americas. Bitcoin’s latest slide exposed a familiar pattern in crypto markets: probability gauges…
Bitcoin’s BTC$78,798.47 price crash has shifted the market vibe, with bets on it sliding further now just as hot as moonshot plays over $100,000. The leading cryptocurrency by market value has dropped nearly 10% this week, reaching nine-month lows below $78,000, according to CoinDesk data. The price swoon has traders scrambling for put options, those…
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The director and creator of Ashes of Creation, the MMORPG brought to life via the $3.2 million donated by almost 20,000 backers in 2017, has quit “in protest” against decisions his board was making that he could “not ethically agree with or carry out”. Following a slew of unhappy messages from numerous people posted online…
Trump hosts the UAE’s national security adviser, Sheikh Tahnoon bin Zayed al-Nahyan, at the White House in March 2025 © Daniel Torok/White House/Alamy A crypto venture linked to Donald Trump accepted a half-billion-dollar investment backed by an Abu Dhabi royal days before the US president’s inauguration. The Trump family’s World Liberty Financial (WLF) in January…
How many of the companies with recent layoffs are truly adapting their workforces to the efficiencies and challenges of artificial intelligence? And how many of them were just using AI as an excuse to cover other problems? That’s the question posed by a New York Times article on the trend of “AI-washing,” where companies will…
On Sunday afternoon, residents across the southeast Denver metro area began reporting widespread outages. A resident near the substation on S. Abeline Circle shared a video with CBS Colorado that appears to capture an explosion and a large arc of electricity coming from the substation. He said the video was taken shortly after a larger…
Illustration by Tag Hartman-Simkins / Futurism. Source: Getty Images In a massive 20,000-word screed, Anthropic CEO Dario Amodei warned that AI will act as a “general labor substitute for humans.” Elon Musk has previously imagined a future where “probably none of us will have a job,” but where we’ll all have “universal high income.” Sam…
This is a great question! Yes, it’s true that we largely pull our data from government-led agencies like the Bureau of Labor Statistics and the US Energy Information Administration. And yes, I’d be lying if I said I don’t get a bit concerned about misleading stats. However, there are a few points that bring me…
Inset: Helen Massiell Garay Sanchez (GoFundMe). Background: The Miami Dollar Tree where Helen Massiell Garay Sanchez was reportedly found naked and dead inside of a freezer (WPLG). A Florida anesthesiologist and mother of two wound up dead “inside a freezer” at a Miami Dollar Tree last year after she “became trapped inside,” her family says…
UPDATE: Widespread power outages caused by failed Xcel Energy transformer More than 185,000 customers were left in the dark on Sunday as widespread power outages hit the Denver area, according to energy utility officials. During the peak of Sunday’s outages, roughly 44,000 Core Electric Cooperative customers and 145,000 Xcel Energy customers were without power, according…
Traders work on the floor of the New York Stock Exchange (NYSE) in New York City. Spencer Platt | Getty Images U.S. equities rose on Monday as Wall Street began a new month of trading, with investors looking past the recent losses in silver and bitcoin. The Dow Jones Industrial Average advanced 515.19 points, or…
In a rapidly evolving global landscape, the United States is taking proactive steps to bolster its strategic resources. President Donald Trump’s recent announcement of Project Vault, a strategic minerals stockpile initiative, signals a significant shift towards self-reliance in critical materials essential for technological advancement. This ambitious plan, which marries private investment with government funding, reflects…
Despite the skyrocketing valuations of the Magnificent Seven and anxiety over massive AI capital expenditures, one top economist argues that the U.S. stock market is missing the most critical ingredient of a financial mania: the exit of the “smart money.” Owen Lamont, a portfolio manager at Acadian Asset Management and a former University of Chicago…