Wall Street Rallies After Fed Defies Trump With First Rate Hike in Three Years
Markets Breathe a Sigh of Relief Wall Street staged a broad recovery on Thursday, September 17, as investors welcomed a bold move from the Federal Reserve that signaled the central bank is serious about tackling inflation — even if the White House isn’t happy about…
The 5% Treasury Yield Isn’t Breaking Markets Yet — But Time Is Running Out
The 10-year Treasury yield has climbed to its highest level since 2007, raising concerns about stress on the financial system. While markets have so far absorbed the surge in borrowing costs, analysts warn that prolonged elevated yields could expose vulnerabilities in weaker parts of the economy and financial sector, making the situation increasingly difficult to sustain over time.
Japan’s Central Bank Set to Push Rates to Highest Level in 30 Years
A Historic Shift in Japanese Monetary Policy The Bank of Japan is expected to raise rates to 1.25% at the end of its two-day meeting on Friday amid inflationary pressures, according to a CNBC survey. If confirmed, the move would mark a significant milestone in…
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….
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.
