Finance
Nvidia opposed the proposed GAIN AI Act on Friday, arguing the legislation would harm global competition. According to Reuters, the chipmaker compared the bill's potential effects to the AI Diffusion Rule. The Guaranteeing Access and Innovation for National Artificial Intelligence Act requires AI chipmakers to prioritize domestic orders.
Finance
Anthropic agreed Friday to pay $1.5 billion to settle a class-action lawsuit with authors who accused the AI company of using pirated books to train its Claude chatbot. According to The Guardian, the settlement covers approximately 500,000 books and represents the largest copyright recovery in American legal history.
Finance
Tesla's board has proposed a compensation package for CEO Elon Musk worth approximately $975 billion. According to CNBC, the plan would grant Musk more than 423 million additional Tesla shares if the company meets ambitious performance targets over the next decade. The proposal divides into 12 tranches of
Finance
According to iefimerida.gr, Anguilla has transformed from a tourism-dependent Caribbean territory into an unexpected beneficiary of the global artificial intelligence revolution. The British overseas territory, home to just 15,000 residents, earned approximately $39 million in 2024 from selling .ai internet domain names. This windfall represents nearly a quarter
Finance
US Treasury yields showed little movement on Wednesday as investors prepared for the release of critical employment data later this week. According to CNBC, the 30-year Treasury bond yield briefly touched the 5% mark overnight before pulling back to 4.977%. The benchmark 10-year Treasury yield gained 1 basis point
Finance
Nestlé dismissed Chief Executive Officer Laurent Freixe on Monday following an investigation into an undisclosed romantic relationship with a direct subordinate. According to CNBC, the Swiss food manufacturer determined that Freixe's relationship violated the company's code of business conduct. The investigation was overseen by Chairman Paul
Finance
The Trump administration revoked special authorizations on Friday that allowed Samsung Electronics and SK Hynix to import American semiconductor manufacturing equipment to their Chinese facilities without obtaining individual licenses. According to South China Morning Post, the Commerce Department terminated the companies' verified end user status in a Federal Register
Finance
Spirit Airlines filed for Chapter 11 bankruptcy protection for the second time in less than a year on Friday, according to CNBC. The budget carrier emerged from its previous bankruptcy in March but struggled with mounting losses and high costs. Spirit now plans to reduce its network and shrink its
Finance
European stock markets closed lower on Friday as investors digested mixed inflation data and concerns about potential tax increases on UK banks. According to CNBC, the pan-European Stoxx 600 fell 0.6% by mid-morning London time, with all sectors trading in negative territory. French consumer price inflation cooled to 0.
Finance
President Donald Trump fired Federal Reserve Governor Lisa Cook on Monday, citing mortgage fraud allegations in an unprecedented move that tests presidential authority over the central bank. According to CNBC, U.S. stocks remained relatively unchanged Tuesday as Wall Street weighed Trump's action and awaited quarterly results from
Finance
Germany and Canada signed a comprehensive agreement on August 26, 2025 to boost cooperation on critical raw materials as both nations seek to reduce dependence on Chinese supply chains. According to Yahoo News, Chancellor Friedrich Merz and Canadian Prime Minister Mark Carney announced the memorandum of understanding during a Berlin
Finance
China burned more coal at power plants between January and July 2025 than any time since 2016. The country put 21 gigawatts of coal power online during the first six months of 2025. According to Deutsche Welle, this represents the highest six-month level in nine years. The report comes from