business News

Health care costs are soaring. Blame insurers, drug companies — and your employer - NPR

Some 154 million people in the United States get health care through their employer — and for many, their costs are about to go way up.

Charlie Kirk's death proves AI chatbots aren't built for breaking news - Mashable

They can't do it all. Nor should they.

Microsoft avoids EU fine after Slack complained about Teams bundling - The Verge

Microsoft has narrowly avoided an EU antitrust fine. The software maker has committed to making Teams bundling changes after a Slack anti-competitive complaint.

How the U.S. Will Break China’s Rare Earth Dominance—and How to Play It - Barron's

Has the Apple iPhone Air killed off the Sim card? - BBC

The iPhone Air will only have an eSim - will other phone makers also shift away from the familiar - but fiddly - plastic cards?

Mortgage Interest Rates Today: Mortgage Rates Plunge to New Low as Key Fed Decision Looms - Realtor.com

Winklevosses’ Crypto Exchange Gemini Raises $425 Million in IPO - Bloomberg.com

Gemini Space Station Inc. raised $425 million in an initial public offering, pricing its stock above a marketed range and shrinking the number of shares.

SK Hynix Stock Hits Record After Next-Gen Chip Breakthrough - The Wall Street Journal

Super Micro Computer Stock (SMCI) Surges with Nvidia Shipments Underway - TipRanks

Super Micro Computer ($SMCI) stock advanced in after-hours trading on Thursday after the company confirmed it has started volume shipments of Nvidia’s ($NVDA) Black...

Alibaba’s Shares Soar After Investors Buy Into Big AI Moves - Bloomberg.com

Alibaba Group Holding Ltd.’s stock gained the most in about two weeks after the company initiated a series of moves intended to shore up its place in China’s AI development boom.

OpenAI Realignment to Give Nonprofit Over $100 Billion Stake - Bloomberg.com

OpenAI said it’s closer to converting into a more traditional for-profit company — nearing the resolution of painful negotiations with top shareholder Microsoft Corp. and outlining terms of at least $100 billion in equity for its nonprofit arm.

Inflation heats up in August as Trump tariffs ripple across economy - Axios

The Federal Reserve will weigh inflation's impact, versus a weak job market, at its policy meeting next week.

Stock futures are flat after rate-cut hopes send market to new highs: Live updates - CNBC

Stocks had a winning session Thursday with all three major averages logging fresh closing highs.

Adobe Boosts Fiscal-Year View as AI Spending Starts to Pay Off - The Wall Street Journal

Housing costs squeeze owners and renters alike, outpacing inflation - The Washington Post

The median increases in rent payments and homeowner costs outpaced inflation, according to new Census bureau data on the U.S. housing market.

OpenAI and Microsoft sign preliminary deal to revise partnership terms - Ars Technica

Companies work to finalize terms as OpenAI pursues for-profit restructuring.

A California bill that would regulate AI companion chatbots is close to becoming law - TechCrunch

SB 243 passed the California Senate on Thursday and heads to Gov. Newsom's desk. If SB 243 is enacted, California would become the first state to require operators to implement safety protocols for AI companions and hold companies legally accountable if their…

OpenAI secures Microsoft’s blessing to transition its for-profit arm - TechCrunch

OpenAI and Microsoft say they reached a non-binding agreement on a revised partnership.

Donald Trump asks appeals court to let him fire Lisa Cook before next week’s Fed meeting - Financial Times

US central bank set to make a pivotal decision on interest rates

A joint statement from OpenAI and Microsoft - OpenAI

OpenAI and Microsoft sign a new MOU, reinforcing their partnership and shared commitment to AI safety and innovation.