At 5:50 a.m. Eastern Time today, oil was priced at $86.09 per barrel with Brent serving as the benchmark (we’ll explain different benchmarks later in this article). That’s an increase of $1.45 compared with yesterday morning and around $16 higher…
When Party City and Joann Fabrics liquidated last year, Michaels Stores had an opportunity to swoop in and fill the void each retailer had left in the market. It jumped at the chance. In a matter of months, Michaels, an…
In May, Shark Tank star Kevin O’Leary blamed alleged Chinese Communist Party-adjacent actors for an influx of what he characterized as bot-written comments flooding his social media accounts in opposition to his proposal to build one of Utah’s largest data…
American companies are finally getting relief from tariff refunds—only it’s just in time for a new wave of inflationary economic factors. The U.S. Customs and Border Protection issued $49.2 billion in refunds in June, according to the U.S. Treasury’s monthly…
In the summer of 2016, Alexandr Wang was a 19-year-old building his data-labeling startup, Scale AI, in a Silicon Valley pool house with his cofounder, Lucy Guo, while the two participated in the Y Combinator startup accelerator. When not working,…
Marc Lore is ready to ring the bell. The serial entrepreneur—who previously sold Jet.com to Walmart for $3.3 billion—told Fortune exclusively that his food delivery and service company Wonder will be “ready and prepared to go public early next year.”…
The Oracle of Omaha is finally investing in tech stocks, and that’s purely because they’ve changed their capex spending model to stay competitive in the AI race. “The real question with Google and all of its competitors now, because they’re…
The American Experiment is a five-episode documentary that features Apocalypse Now actor Martin Sheen as the voice of George Washington along with a panoply of contemporary figures from U.S. politics including ex-vice presidents Kamala Harris and Mike Pence. It also…
Chinese startup Moonshot AI has released the latest version of its Kimi AI model, further shrinking the performance gap between Chinese and U.S. models just as global businesses are increasingly questioning the cost of deploying models from Anthropic and OpenAI.…
Federal safety investigators looking into a runaway Tesla that killed a grandmother in her home say the driver had pressed the accelerator to full speed, suggesting the vehicle’s self-driving software was not to blame. The driver had told police that…