AI chatbots are offering financial advice. Should you trust them?
More people are turning to AI for financial advice. What are they asking, and is the advice any good?
CoreWeave's stock jumped 12% after the AI cloud provider reported revenue doubling and beating earnings expectations, signaling accelerating enterprise demand for GPU infrastructure. CEO framed the quarter as "an important inflection point" for the company's scaling trajectory.
CoreWeave's outperformance validates the thesis that AI infrastructure providers are capturing real, measurable workload migration from enterprises. The stock move reflects investor confidence in sustained demand for compute capacity, though the company carries $35 billion in debt that will require careful management as it scales.
Two-thirds of enterprises now run AI workloads in production, per recent surveys. CoreWeave's results suggest the bottleneck is shifting from AI model development to infrastructure provisioning—a structural tailwind for compute providers but a cost headwind for enterprises still flying blind on AI spending.
Iran-backed Houthi forces killed six crew members in attacks on container and cargo vessels in the Red Sea and Gulf of Oman, marking the first fatalities in over a year. Traffic through the Strait of Hormuz has fallen to new lows as shipping routes face sustained disruption from the escalating U.S.-Iran proxy conflict.
Renewed Red Sea volatility pressures shipping rates and energy logistics. Crude oil and LNG prices face upside risk if attacks force longer routing around the Cape of Good Hope. Insurance premiums for transit through the Strait will likely spike, raising input costs for global supply chains already stressed by geopolitical fragmentation.
The conflict has metastasized from the Persian Gulf to critical chokepoints controlling 20% of global maritime trade. Sustained disruption could accelerate de-risking of Middle East exposure and reinforce reshoring momentum in Western manufacturing.
President Trump's threatened 50% tariffs on Canadian goods are set to take effect later this month, creating acute pressure on construction businesses that depend on cross-border material flows. The tariff threat has already begun reshaping procurement decisions and project economics across the sector.
Construction materials—lumber, steel, cement—sourced from Canada will face significant cost increases if tariffs are implemented. Builders will either absorb margin compression or pass costs to end customers, pressuring residential and commercial real estate development. Publicly traded construction and building products companies face near-term margin headwinds.
The tariff threat underscores Trump's willingness to weaponize trade policy and signals a broader shift toward protectionism. If implemented, the move would test the resilience of North American supply chains and potentially trigger retaliatory measures from Canada.
New energy vehicle penetration in China's passenger car market reached a new high in July, with electric and plug-in hybrid vehicles now dominating sales. Tesla remains a major player but faces accelerating competition from BYD, NIO, and other domestic manufacturers scaling production aggressively.
Tesla's China exposure—roughly 25% of revenue—faces structural margin pressure as local competitors undercut on price and expand model lineups. Domestic EV makers are capturing share in the world's largest EV market, limiting Tesla's pricing power and forcing continued investment in localized product development.
China's EV dominance reflects years of industrial policy investment and manufacturing scale that Western automakers are struggling to match. The shift signals a permanent reordering of global automotive competition, with Chinese brands increasingly competitive on cost and technology.
The unprecedented coordinated U.S.-Japan intervention to support the yen has largely failed, with the currency erasing roughly half its intervention gains in less than two weeks. The yen's renewed weakness reflects persistent interest rate differentials favoring dollar assets and structural capital flows.
A weaker yen boosts Japanese exporters' competitiveness but signals the Bank of Japan's limited ability to defend the currency without sustained Fed support. Currency volatility will pressure Japanese equities and complicate hedging decisions for multinational corporates with yen exposure.
The intervention's failure underscores the limits of policy coordination when fundamental rate differentials persist. Japan's structural challenges—aging demographics, low growth, low rates—will continue to weigh on the yen absent a major shift in monetary policy divergence.
Sen. Amy Klobuchar won the Minnesota Democratic primary for governor as the heavy favorite, advancing to the general election against Republican Lisa Demuth. The race reflected broader Democratic primary dynamics pitting moderates against progressives.
Minnesota's gubernatorial race has limited direct market impact but signals voter appetite for moderate candidates in a swing state. Klobuchar's victory suggests Democrats believe centrist positioning is more viable in general election matchups than progressive alternatives.
Minnesota remains a bellwether for national Democratic strategy. Klobuchar's primary win, combined with progressive victories in other races, reflects a fractured party still negotiating its ideological center of gravity ahead of the general election cycle.
The world's largest sovereign wealth fund, valued at $2.34 trillion, reported a record $184 billion profit and disclosed a previously undisclosed stake in SpaceX. The fund invests in over 7,000 companies globally and has become a major player in private markets alongside traditional equities.
The SpaceX disclosure signals confidence in Elon Musk's space venture and validates the commercial space sector's growth trajectory. Norway's willingness to hold illiquid private equity stakes reflects the structural shift toward alternative assets among mega-funds seeking yield in a low-rate environment.
Sovereign wealth funds are increasingly shaping capital allocation globally, with Norway's fund serving as a bellwether for institutional investor appetite. The SpaceX stake underscores the convergence of geopolitical capital and commercial space ambitions.
Hiroshi Okuda, the former CEO who transformed Toyota into a global automotive powerhouse, died at 93. Okuda led the company through decades of expansion and established the operational excellence and quality standards that defined Toyota's competitive advantage.
Okuda's death is a symbolic moment for Toyota as the company navigates the EV transition and faces intensifying competition from Chinese manufacturers. His legacy of continuous improvement and long-term thinking will be tested as Toyota balances hybrid strategies with full electrification.
Okuda's era represented Japanese manufacturing at its peak. His passing marks the end of an era in global automotive leadership and underscores the generational shift in the industry as legacy automakers confront disruption from Tesla and Chinese competitors.
More people are turning to AI for financial advice. What are they asking, and is the advice any good?
If President Trump's threatened 50% tariffs go through later this month, construction businesses that rely on materials imported from Canad…
The conflict between the U.S. and Iran has spread to the Red Sea and another strategic shipping route.
The fund — currently valued at around $2.34 trillion — is an investor in more than 7,000 companies across 60 countries.
Hiroshi Okuda, the former chief executive of Toyota who led the Japanese automaker’s stellar rise in global markets, has died at 93
Crowly pulls off last-minute victory in tight race after polls had shown his progressive opponent as a clear frontrunner David Crowley, the…
The yield on the 10-year U.S. Treasury note — the key benchmark for U.S. government borrowing — was largely flat at 4.682%.
Fit-out specialist StructureTone Ltd has more than doubled its turnover and boosted its profit by 661 per cent in what its directors called…
Starlink hardware molded into the Tesla Cybercab’s roof shows how satellite links can back up 5G and LTE for driverless fleet and passenger…
Footage shared on social media shows a baby being rescued from the bloody arms of a man trapped underneath a destroyed building in Cali aft…
Roger Federer is no longer a billionaire with the tennis icon watching on as millions of dollars were wiped out on Tuesday. The 20-time gra…
I run the iconic Big Sur restaurant Nepenthe. The Timber Fire is costing us up to $70,000 a day in sales.
It’s a great betrayal: poor communities neglected while multimillionaires peddle a global Maga agenda. How is that America first?“THE CORRU…
Stazione Remota joins the Home of Bentley, The Quail and Pebble Beach as the brand stacks eight appearances across Monterey Car Week.
The movement had been riding high off a string of primary victories this cycle. But Francesca Hong’s loss Wednesday led to an immediate rou…
David Crowley unexpectedly beat a progressive candidate in the Democratic primary for Wisconsin governor, and will face Republican Rep. Tom…
China is the country most prepared for self-driving cars, according to a new report. The new study by the B2B car company eCarsTrade analyz…
Suspected North Koreans IT workers joined a fake crypto startup — without realizing their every move was being tracked to extract valuable …
Across 170 enterprises, AI infrastructure has moved decisively into production — two-thirds now run AI workloads live and three in 10 run t…
Across 107 enterprises, agentic orchestration is not a choice of a single platform.The typical enterprise runs three orchestration platform…
Across 116 enterprises, agents are in production and so are the incidents: A majority have already had a confirmed agent security event or …
Across 101 enterprises, the context feeding AI agents is failing often and repeatedly. Sixty-eight percent have traced a confident but wron…
Across 108 enterprises, trust in automated agent evaluation rose sharply in July — and the failure rate it is supposed to predict did not m…
The Japanese yen has erased about half of the gains from an unprecedented U.S.-Japan intervention less than two weeks ago.
High temperatures continue across UK with 38C forecast on Thursday and wildfires stretching emergency servicesAndy Burnham will chair an em…
Treasury yields traded steady as investors awaited U.S. inflation data for clues on whether the Fed could raise interest rates.
A cargoship and containership have been hit in the Red Sea and Gulf of Oman as the war inflicts a toll on the world's critical shipping lan…
Pebble Beach Automotive Week 2026 puts Mercedes-Benz center stage as it links 140 years of classics with modern halo cars and a celebrity-s…
Harmony is working with exchanges to freeze funds and is preparing a patch after claims that 2.8 billion unauthorized ONE hit trading platf…
Exclusive: Pay increases to two weeks in England and Wales after Guardian revealed officers ‘mocked’ for taking time offPaid paternity leav…
JCB Hydromax hits a 406.320 mph FIA flying kilometer average at Bonneville, eclipsing past hydrogen, diesel, and fuel cell benchmarks.
In today’s newsletter: As ministers scramble to resolve overcrowding in prisons, experts say the crisis demands a rethink of who we lock up…
The city is no stranger to complaints about soaring prices during August - but are costs on the rise?
K-9 Ace, the Polk County German shepherd who lost a leg shielding three deputies, made an emotional return to the sheriff's office aft…
Moscow will soon have to redirect a growing share of its exports to Asia.
A Bangkok visit by junta leader Min Aung Hlaing reinforced the two countries’ ties.
Master’s student made first bar with 100% UK ingredients since 1932 to highlight affect of climate crisis on cocoa plants The late queen wa…
Tehran’s proxy risks pushing a newly consolidated Saudi Arabia into an all-out ground war.
The order escalates a jurisdictional fight over whether states may treat federally regulated event contracts as illegal gambling.
OpenAI is quietly testing a pay-to-reset quota feature. Here's what we know.
Rosie O’Donnell says Mounjaro is part of why she’s ‘never felt better’ at 64
Forecasters warned the Chinese capital could receive more than one-third of its average annual rainfall over 24 hoursThousands of people ha…
Yulu aims to have a fleet of 200,000 bikes in the next two years and faster electric two-wheelers, aiming at new logistics use cases.
Elon Musk says SpaceX's AI revenue will outpace all its other products by next month
Taiwan is training its Abrams tank crews to hide and refuel inside its bustling urban sprawl
The PM has announced a rake of measures to help people since taking office three weeks ago.
State’s Democratic lieutenant governor bests Angie Craig in another election contest pitting a progressive against a moderatePeggy Flanagan…
Five 17-year-old boys from Grand Junction, Colorado, died when their vehicle plunged off a cliff along Lookout Lane, with speed being inves…
Lindsay Clancy's murder trial heard desperate messages she sent about intrusive thoughts and medication changes weeks before killing h…
Verdant thinktank says cost could top £25bn a year by 2030 and calls for maximum temperature for working and urban redesign to cool down ci…
First responders, residents and environmental groups say military dropping flares to destroy forests and cropsFirefighters and residents of…
Minnesota House Speaker Lisa Demuth will win the Republican primary in Minnesota's gubernatorial race, CBS News projects.
Milwaukee County Executive David Crowley pulled off a stunning upset Tuesday in Wisconsin’s Democratic gubernatorial primary, defeating soc…
Democratic Rep. John Larson — who has represented central Connecticut since the late 1990s — lost his party's primary Tuesday to former Har…
The president says the Secret Service wanted him to go on a different flight after the Nato summit in Turkey.
North Korea's second ballistic missile launch in less than a week comes as the U.S. and South Korea prepare for Ulchi Freedom Shield e…
Authorities say the 4-year-old suffered an apparent electrical shock from a 220v clothes dryer while playing inside a southeastern Kansas h…
Ahead of a flight from Turkey, President Trump secretly left Air Force One and was moved to another plane with the help of a catering truck…
Prime minister Anutin Charnvirakul calls for tighter gun controls and ‘decisive penalties’ after nine dead in school shooting Thailand has…
The three-day athletic event in Ohio featured dodgeball, tug-of-war and a lot of praise for the president. Just don't tell anyone who won.
Ben Shapiro Admits His Biggest Blind Spot | PBD Podcast #842
The administration of President Donald Trump has escalated its crackdown on transgender medical care ahead of the midterm elections.
Saber denies replacing Rideshare Stimulator’s writers with ChatGPT
Progressive Democrats hope to keep their winning streak rolling in Minnesota and Wisconsin.
Analyst on indefinite leave after Wisconsin arrestCBS Sports president says network ‘still assessing’JJ Watt to join Jim Nantz on lead broa…
The rules, intended to combat money laundering and other financial crimes, imposed an undue burden on American businesses, Treasury Secreta…
Mr. Ellison told Paramount executives that he was considering pulling the company out of California amid a lawsuit brought by state attorne…
Lindsey Graham’s sister, appointed to replace the Republican, held a narrow lead in the Senate primaryUS politics live – latest updatesSign…
It marks another striking episode in the turbulent history of his relationship with Iran, writes Anthony Zurcher.
Regulators allege Goliath promised crypto liquidity-pool returns but instead paid earlier investors and funded its founder’s luxury spendin…
Trump SECRET MISSION REVEALED, It Was A TRAP To Catch BETRAYERS | Timcast IRL
Trump Media loses $238 million as crypto falls
Shark fishing videos caused concern this summer in New Jersey, as some people lured big sharks close to swimmers. Tom Hanson has the story.
The military operation was the first following Defense Secretary Pete Hegseth’s dismantling of an office focused on mitigating unintended c…
Republican senators this week released 11 new text messages from Dr. Anthony Fauci's government phone in 2021 as part of the investigations…
One of America’s biggest supermarket chains is closing dozens of stores — including locations in California.
The worst earthquake on record hit Colombia on Monday, measuring a magnitude of 7.4. Colombia's new president, Abelardo de la Espriella, sa…
Nearly 1 million customers in the Midwest were without power as perilous thunderstorms and extreme wind gusts pummeled the region on Tuesda…
The US president has repeatedly cast doubt on the safety of childhood vaccines, making several misleading claims.
The Pentagon has acknowledged that U.S. military operations killed more than 150 civilians in 2025. The count did not include any deaths fr…
Households living within 1600ft of upgraded pylons will get £250 a year off their electricity bills.
UNESCO says 2.4 million Afghan girls are locked out of secondary school five years after the Taliban banned female education beyond the pri…
What’s behind the defense pact between Turkey, Saudi Arabia, and Pakistan.
British shoppers should expect to see more wonky vegetables due to repeated heatwaves.
Policy comes as debate continues over causes of and solutions to housing issues. Follow today’s news liveGet our breaking news email, free …
Customers are paying up to $100,000 a month for faster access to Truth Social posts from President Trump and other top users of the social …
Xbox Elite 3 prototype pad leaks with tiny built-in screen
Derrick Moore, a Georgia teacher and father of four, rescued a stranger's child from a rip current off Myrtle Beach, South Carolina, b…
The center had sued Chuck Redd when he canceled a free concert last year, citing the addition of the Trump name to the venue. But a judge d…
Tuesday's primary races in Wisconsin and Minnesota will provide clues about democratic socialist momentum. Meanwhile, the South Carolina pr…
Andrew and Tristan Tate would attempt to evade prosecution if they are freed on bail, prosecutors argue.
Though Lumentum posted blowout earnings and an upbeat forecast, its stock was largely flat after hours.
Powerball jackpot grows to staggering $975 million with UK players adding to sum
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