Costco Caps Motor Oil Purchases and Nearly Doubles the Price as Oil Shock Hits Wallets
Costco is raising prices and limiting purchases of its Kirkland brand and Mobil 1 motor oil as energy costs continue to climb across the country. The retailer is capping how much oil customers can buy each week amid broader fuel price increases, with gas averaging $4.32 per gallon and diesel surpassing $6 per gallon nationally.
Republican Senator Pushes Bill to Force AI Companies to Build Emergency Shutdown Switches
Senator John Kennedy of Louisiana is preparing to introduce legislation that would create an AI kill switch, giving authorities the ability to shut down artificial intelligence systems if needed. The Republican senator planned to introduce the bill under unanimous consent on Wednesday. The move reflects growing congressional concern about the risks posed by rapidly advancing AI technology.
China’s Spy Chief Sounds the Alarm on AI as a Weapon of Foreign Powers
A Warning From the Top of China’s Intelligence World China’s top intelligence official delivered one of Beijing’s most detailed warnings yet about AI, saying rapid advances in the technology could threaten political stability and critical infrastructure. The message came not from a think tank or…
Trump White House Backs Crypto Ethics Rules in Last-Ditch Bid to Save Landmark Bill
A Last-Minute Deal on Ethics The White House agreed to new ethics language in the Digital Asset Market Clarity Act — the most sweeping cryptocurrency market-structure legislation ever to reach the Senate floor — ahead of a pivotal cloture vote on Tuesday, September 15, 2026….
Top AI CEOs Agree It’s Time to Pump the Brakes on Powerful AI Models
A Rare Moment of Industry Unity Around AI Risk On Saturday, September 12, Dario Amodei, the chief executive officer of the artificial intelligence company Anthropic, published a 3,800-word essay calling for AI companies to slow down their improvement of AI models. What made the moment…
Oil at $100, Surging Yields, and a Looming Fed Hike Rattle Wall Street — But Two Stocks Stand Out
A Brutal Week for Stocks as Multiple Pressures Converge Wall Street just endured one of its most punishing stretches in years, and the pressure isn’t letting up. Despite Friday’s bounce, the stock market had a tough week amid $100 oil prices and surging Treasury yields….
Jeff Dean’s AI Startup Leaps From $10 Billion to $50 Billion Valuation in Weeks
Jeff Dean, who previously served as chief scientist at Google, is raising a new round of funding for his AI startup at a valuation of approximately $50 billion. This marks another fundraising effort for Dean’s venture, signaling strong investor interest in his work and reflecting the continued surge in demand for artificial intelligence companies.
One Company Had Your License Scan and Now 150 Million Are Exposed
A massive data breach has exposed the personal information of over 150 million driver’s licenses, potentially affecting a huge portion of the American public. The hack compromised sensitive details typically found on licenses, such as names, addresses, and identification numbers. Anyone who holds a driver’s license should take steps to monitor their personal information and watch for signs of identity theft.
Treasury Yields Edge Toward 5% as Global Bond Selloff Rattles Markets
A Critical Threshold Under Siege The yield on 10-year Treasury notes climbed almost 20 basis points in a single week to trade just below the psychologically important 5% level — a move that may attract dip buyers but also risks triggering further selling that could…
Wholesale Inflation Hits 5.4% Annually as Oil Tops $100 and Fed Rate Hike Looms
Stock futures are trading slightly higher as investors prepare for a key wholesale inflation report, the first of two major inflation readings expected this week. Rising oil prices are also drawing attention in the markets. Traders are closely watching the data, as inflation figures can significantly influence Federal Reserve policy decisions and broader market direction.
