Companies
CEO of viral backflipping robot company says robots are still years from ‘ChatGPT moment,’ even after investors sent his stock soaring 460%
CEO Wang Xingxing says humanoid robots still struggle to match humans and adapt to unfamiliar tasks.
Eric Schmidt is reportedly at odds with Google cofounder Sergey Brin over how a $100 million campaign against California’s billionaire tax is spent
The former Google CEO is disgruntled with the use of his funding for other measures that are not focused on California's Proposition 40.
‘Damage from the chaotic tariff regime cannot be refunded’: The $100 billion in refunds have wiped out revenue the import taxes brought in since May
In June, the Trump administration saw a more than $25 billion loss in net customs revenue as a result of tariff refunds outpacing revenue.
The banking lobby’s bad faith campaign to kill the Clarity Act will backfire
The banks' arguments against the Clarity Act are not rooted in reality, and serve to highlight their own anti-consumer position, says a Columbia professor.
The trick to getting kids to stop trusting AI: Ask it to draw a map of the world
Kids laughed as Mali was spelled “Mail.” Egypt was identified as “Sopth.” In place of Libya was something simply called “Africa.”
China’s onetime richest man has lost everything but creditors are still owed $300 billion
A court accepted a liquidation against Evergrande’s property development unit a day after 67-year-old founder Hui Kan Yan was sentenced to life in prison.
Cuba opened its economy on Washington’s orders. Rubio’s answer: more sanctions
“What are you afraid of?" Ambassador Ernesto Soberón Guzmán asked hypothetically. "Why do you need to implement almost every two weeks new sanctions?”
College sports’ talent race is turning each athletic department into a $40 million business empire
“Athletics doesn’t have a revenue problem. It has a spending problem," said Penn professor Karen Weaver.
Philanthropy has long been dominated by the wealthy. This $12 million campaign wants Black Gen Z to see it differently
BackBlack is betting that thousands of small donations can help underfunded Black-led nonprofits rely less on wealthy benefactors.
CFO turnover at America’s largest companies is on pace to hit 18.3%—the highest since the pandemic
The next generation of CFOs stepping in may be younger and less experienced.
New York Times correction over a college basketball player wrongly named at the scene of a shooting leads to $9.25 million jury verdict
“We’re disappointed the jury found The Times liable for an honest mistake,” spokesperson Charlie Stadtlander said in a statement Thursday.
The changing college sports landscape has women’s programs turning to philanthropy as funding dries up
Advocates are urging wealthy donors to endow less lucrative teams as universities redirect resources toward their biggest revenue generators
Current price of oil as of August 21, 2026
When oil prices change, it affects your energy costs—and even the price of everyday items. Here’s why.
Jamie and Jools Oliver pay themselves £1.7m dividend as profits almost halve
Pre-tax earnings slump at chef’s food and media group after one-off costs including for a new cookery schoolJamie and Jools Oliver have paid themselves a £1.7m dividend – more tha…
How Silicon Valley just might save America from the growing drone threat
In June, Allen Control Systems raised $200 million on the strength of its Bullfrog platform, which can respond to a drone threat in seconds by shooting them out of the sky with bu…
Airbus bows to remote working demands after series of strikes
Aeroplane maker said to have watered down plans to restrict working from home to one day a weekAirbus has reportedly bowed to employee demands on remote working, after a series st…
America faces an affordability crisis like the one from 25 years ago, but needs a fresh solution
We are living in an era when companies must find solutions that are not just lower-cost, but rather higher value. Costco and Walmart are worth a look.
What does Tyson’s shutdown of two US beef plants mean for grocery costs?
Meat producer closes facilities in Utah and Iowa as beef prices rise for consumers amid historic cattle shortageTyson Foods, the largest meatpacking company in the US, announced l…
Quarter of branded baby foods in UK still have too much sugar, analysis finds
Exclusive: Of 224 branded infant foods and snacks, more than half are in breach of guidelines brought in a year agoAlmost a quarter of popular branded baby foods sold in UK superm…
Wall Street is bemused by Bessent’s bond plan and the unwinding punt on the Japanese yen—he’s hinting he knows something the markets don’t
"What do I know that the market doesn’t know?"
Anthropic to SpaceX: You ain’t bigger
In today's edition: Anthropic IPO, Trump digs data centers, SuperMicro's investigation, ChatGPT Apple Messages, Slack, Poolside Nvidia deal, Broadcom, Airwallex
Bond traders believe Bessent’s ‘band-aid’ was ‘a heinous financial crime’
Everything you need to know before you reach the office this morning.
I worked at OpenAI. Here’s how tech companies can prepare for a slowdown | Miles Brundage
I understand the pressure on AI companies to rush forward. But employees are right to be concernedLast month, more than a thousand employees at frontier AI companies signed a lett…
The bond market is sending CEOs a blunt message: Borrowing costs are going to go up
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