Federal Reserve Governor Lisa Cook has issued a stark warning about hedge funds’ growing influence in Treasury markets. Their debt-fueled basis trades could amplify instability during market stress, potentially impacting the entire financial system.
The SEC’s chief accountant says current auditor independence rules might not be “fit for purpose” given complex tech partnerships. This could give large tech companies more auditor choices beyond the current limited options.
NVIDIA’s blockbuster $100 billion partnership with OpenAI faces uncertainty according to recent filings. The AI giant acknowledges the deal may not finalize despite OpenAI’s growing user base and ambitious compute plans. Industry concerns about financing and demand visibility loom over the massive A
The bioeconomy represents a generational opportunity for American industry, leveraging biological feedstocks to create sustainable alternatives to petroleum-based products. With the right strategy, the U.S. could lead this $30 trillion market by mid-century. But fragmented approaches could push inno
Curastory founder Tiffany Kelly has resigned as CEO after the SEC accused her of overstating revenue to investors. She’s been replaced by Dave Dickman, former CEO of Tagger, as the company attempts to move forward.
Major tech companies have taken on $121 billion in debt this year to fund AI expansion, up from an average of $28 billion annually. This debt surge could increase corporate bond yields and create risks for smaller players in the AI ecosystem. The warning comes as private credit markets show signs of
Fitbit appears to be working on a new feature designed to help users manage pre-doctor visit anxiety. The tool would help identify possible reasons for symptoms and estimate their urgency while emphasizing it’s not a diagnosis. Users could also report back what their healthcare provider ultimately d
China’s gig economy now includes 200 million workers like Zhou, who sifts through Guangzhou labor markets daily. Temporary manufacturing jobs offer flexibility but trap workers in endless cycles without benefits or advancement. The system creates a skills deficit that could haunt China’s economy.
Microsoft’s AI chief is pushing back against critics who say the company’s AI features are unnecessary. His comments come amid growing user frustration about AI being stuffed into Windows. The divide between industry enthusiasm and user skepticism is widening.
Evercore ISI’s Julian Emanuel says the AI sector’s heavy debt issuance mirrors the dot-com bubble’s risky financing. While still bullish on AI, he calls investor fears “rational” as companies borrow heavily without clear revenue timelines. The combination of high debt and uncertain payback could spe
