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Oil prices slide near pre-Iran war levels – but it could take months for gasoline to fully drop
Oil prices fell about 10% this week to their lowest price since the Iran war started, after President Trump signed a deal to reopen the Strait of Hormuz – but it could take months for gasoline prices to get back to pre-war levels. Brent crude futures fell 0.1%...
Anthropic floats proposal to Commerce Secretary Howard Lutnick to end US ban of powerful ‘Mythos,’ ‘Fable’ AI models: sources
Anthropic executives are pledging to work more closely with the White House in a proposal to Commerce Secretary Howard Lutnick as they scramble to resolve security concerns that triggered a crackdown on its powerful “Mythos” and “Fable” AI models, The Post has...
DOJ probes JPMorgan, Citigroup over Iran Supreme Leader Khamenei’s money flows: report
The Department of Justice is reportedly looking into JPMorgan and Citigroup as part of an investigation into Iranian Supreme Leader Mojtaba Khamenei’s trail of money flows through the US. Amid a broader effort to crack down on money laundering and corruption,...
Neiman Marcus to lay off 67 employees as landmark Dallas flagship slated to close for good
The landmark Dallas Neiman Marcus flagship is closing its doors after more than a century on Sept. 30 — laying off 67 employees in the luxury retailer’s home town. The layoffs were disclosed in a government filing by parent company Saks Global – which filed for...
Warsh shocks Wall Street with hawkish turn as Fed rate hikes come back into play
Federal Reserve Chair Kevin Warsh shocked Wall Street this week by delivering one of the most hawkish messages investors have heard in months, prompting traders to rapidly abandon expectations for interest-rate cuts and begin pricing in the possibility of rate...
Waymo recalls over 3,800 robotaxis following close calls at construction zones
Waymo, the self-driving vehicle unit of tech giant Alphabet, is recalling over 3,800 robotaxis in the U.S. after a software glitch caused more than a dozen of its vehicles to drive into freeway construction zones – the latest in a string of tech blunders. The...
Dow jumps 250 points as Wall Street tries to recover from Fed sell-off over interest rates, inflation fears
Stocks rose Thursday morning as Wall Street tried to recover from a sell-off the previous day, when Fed Chair Kevin Warsh came out with a tough, anti-inflation stance that spooked investors hoping for interest-rate cuts. The Dow Jones Industrial Average jumped...
Owner of Stop & Shop, Giant grocery chains to pay $40M over pharmacy scandal: ‘Inflated prices’
A massive grocery store operator has agreed to pay $40 million to settle claims it reported inflated prescription prices to federal healthcare programs – which led the government to pay higher reimbursements than it should have. Ahold Delhaize USA Inc. – the...
Apple’s Tim Cook says price hikes are on the way, citing memory chip crunch
Apple plans to hike its prices, citing the rising costs of storage chips and memory, CEO Tim Cook says. The shift comes as the AI industry has been gobbling up memory, driving up the costs, and as inflation has been plaguing the economy. “Unfortunately, price...
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