By 8 a.m. Eastern Time today, oil had reached $103.98 per barrel, measured using the Brent benchmark. That’s $4.36 less than it cost yesterday morning and about $36 above its price a year earlier. Oil price per barrel % Change Price of oil yesterday $108.34 -4.02% Price of oil 1 month ago $90.16 +15.32% Price
Rising fears of an AI apocalypse have rattled markets and forced investors to reckon with a potentially existential risk. A future where robots take over and terminate humans remains a radical vision, fueled by recent warnings from AI researchers who consider doomsday a possible, but very unlikely, scenario. Yet it’s worth asking how people can
Federal Reserve Chairman Kevin Warsh told markets yesterday that the central bank’s rate-setting committee had unanimously agreed on a 25 basis point interest rate hike to combat inflation. The U.S. base rate now sits at 3.75% to 4%, a quarter-percentage-point increase in the opposite direction of the downward trajectory Trump has been aggressively lobbying for.
JPMorgan has launched $2,000 monthly spending limits for some employees using Claude Code, internal messages seen by Business Insider show. The cap, along with a new security effort for some Claude users, marks another evolution in how America’s biggest bank is refining its AI use amid ballooning costs and risks, and reshaping expectations for software
While Florida, California, and New York continue to undeniably be hot spots for wealth, one real estate CEO says there are more markets to watch out for. Ryan Serhant, CEO of his namesake firm and Owning Manhattan star, said high-net-worth clients continue to buy in the historically wealthy and luxury-oriented cities—but they’re also seeking secondary
I decided to hit the pavement at Salesforce’s gigantic Dreamforce conference to ask tech-minded people about AI’s catastrophic risk. Turns out, it’s not all AI gloom and doom — that’s only if you’re looking online. Last week, Anthropic researcher Jacob Coxon announced he was resigning from the company, saying that AI labs are “gambling with
