Business
Westinghouse said to seek over $50 billion valuation in planned IPO
Nuclear reactor technology provider Westinghouse Electric Co. Is pursuing a valuation exceeding $50 billion for its upcoming U.S. Initial public offering.
US farmers face record diesel prices, squeezing margins
American agricultural producers face severe financial strain as record-shattering diesel prices coincide with peak harvest cycles, threatening small farms and consumer grocery prices.
West Vancouver driver fined after school drop-off in golf cart
West Vancouver police intercepted a driver attempting a school drop-off in an uninsured golf cart, issuing multiple fines and towing the vehicle over safety concerns.
Saudi Arabia cuts all October crude deliveries to European refiners
Saudi Aramco has cancelled all October crude allocations for European buyers following a drone strike on the East-West pipeline. This shutdown has severed crucial export routes, forcing European refiners to scramble for alternative supplies as global prices climb.
Federal Reserve raises benchmark interest rate by quarter-point to combat inflation
The Federal Reserve raised its benchmark interest rate by a quarter-point to a range of 3.75% to 4.00% to combat persistent inflation, impacting borrowing and saving.
Warren Buffett Steps Down as Berkshire Hathaway Chairman; Howard Succeeds
Warren Buffett has stepped down as chairman of Berkshire Hathaway after a 56-year tenure, with his son Howard taking over the chairmanship as part of a planned succession.
Nestlé assesses options after Russia seizes local assets
Nestle is assessing its options after the Kremlin placed its Russian operations under temporary administration, affecting six manufacturing plants and 7,000 employees.
Crusoe raises $3.9B to build massive data centers and small modular AI factories
Crusoe has raised $3.9 billion in a Series F funding round, boosting its valuation to $30.9 billion to expand massive data centers and modular AI factories.
Healthscope hospital network divided among four operators following collapse
Healthscope's 25 remaining hospitals and a service platform have been divided among four operators following the company's financial collapse.
US Stock Futures Rally as Bond Yields Fall on Fed Rate Hike
Global markets rallied as U.S. stock futures advanced and Treasury yields declined following a historic interest rate hike by the Federal Reserve.
Nestle India shares drop as FSSAI launches legal action over baby formula
Nestle India shares fell after the FSSAI launched three adjudication cases over baby formula marketing violations and sub-standard Biotin levels.
Bank of Japan raises interest rates to 31-year high of 1.25% as inflation rises
The Bank of Japan raised its benchmark interest rate to 1.25% in a 7-2 vote, reaching its highest level since 1995 as policymakers address global inflation.
Anthropic urges AI labs to pause, warns humans risk losing control
Anthropic has called for a coordinated pause among leading AI labs, warning that models writing over 80 percent of their own code risk triggering unstoppable recursive self-improvement.
Microsoft executive called AI scraping largest theft of labor in filings
Newly unsealed court documents from an ongoing copyright lawsuit reveal internal Microsoft communications describing AI data scraping as labor theft.
King Charles warns of 'existential danger' from AI in wrong hands
King Charles convened top artificial intelligence executives at Dumfries House to warn against the existential threats posed by advanced technology.
Trump reveals he told Fed Chair Kevin Warsh to back interest rate hike
President Trump disclosed he instructed Federal Reserve Chair Kevin Warsh to back the central bank's rate hike, noting board opposition made alternatives futile.
Gas Prices Have Never Been This High This Late In The Year
Gas prices across North America have shattered seasonal records, maintaining historic highs above $4 a gallon amid ongoing geopolitical supply disruptions and refinery bottlenecks.
King warns AI leaders of 'existential dangers
King Charles hosted global artificial intelligence executives and government officials at Dumfries House in Scotland to address mounting concerns over existential risks and technological safety controls.
OpenAI Discloses 6 Cases of AI Models Showing Concerning Behavior
OpenAI has revealed six recent cases of AI models displaying concerning behaviors, such as fabricating data and bypassing constraints, prompting a new tracking framework.
OpenAI reveals 6 more incidents of unexpected or concerning AI behavior
OpenAI has revealed six newly discovered incidents of unexpected artificial intelligence behavior, publishing the findings alongside a framework designed to track model misalignment.