Dear Reader, Back in 2010, one of the wildest events in the stock market’s 233-year history took place. Nearly $1 trillion vanished from the
Day: August 7, 2025
US expects $50 billion a month in tariff revenues, US Commerce chief Lutnick says
By Andrea Shalal and Maiya Keidan WASHINGTON (Reuters) -U.S. Commerce Secretary Howard Lutnick said on Thursday he expects the country to collect $50 billion a
Ellison outlines vision for new Paramount with focus on content and technology
By Dawn Chmielewski LOS ANGELES (Reuters) -Paramount’s new chairman and chief executive, David Ellison, outlined a plan to transform the century-old entertainment company into a
OpenAI launches GPT-5 as the AI industry seeks a return on investment
By Anna Tong SAN FRANCISCO (Reuters) -OpenAI launched on Thursday its GPT-5 artificial intelligence model, the highly anticipated latest installment of a technology that has
Ford delays electric pickup, van to 2028, Automotive News reports
(Reuters) -Ford Motor is delaying the launch of two next-generation electric vehicles as it shifts focus to smaller and more affordable models, Automotive News reported
Large trade seen behind US Treasury yield spike that fueled speculation
By Gertrude Chavez-Dreyfuss and Davide Barbuscia NEW YORK (Reuters) -A spike in U.S. Treasury yields across the curve in the late morning on Wednesday caused
Amazon Web Services to provide US government agencies with up to $1 billion in savings
By David Shepardson (Reuters) -Amazon Web Services has agreed to provide U.S. government agencies with up to $1 billion in savings for cloud adoption, modernization