Category: Business & Markets

A.I. Hype Similar to 1999, But Be Careful Calling it a Bubble: Investor

The stock market has been soaring for most of this year, with much of the gains due to excitement surrounding artificial intelligence. Nvidia’s stock alone is up more than 200 percent this year. Many investors are comparing what’s happening now to the dot-com bubble of the early 2000s. But it is really a bubble this…


[PREMIERING NOW] Warner Mendenhall: Medical Malpractice, Unprecedented Overreach, and Hospital Protocols That Killed

“The upper bounds of damages against Pfizer would be $3.6 trillion dollars. And obviously, Pfizer’s not worth $3.6 trillion dollars. That company would have to be seized in bankruptcy, its assets distributed and sold off, and I think that’s an appropriate end for that company. So I’m doing everything I can to get there.” After…


China’s ‘One-and-Done’ Arms Buyers

Commentary What is the secret to success as an arms exporter? Repeat business. Countries buy arms from certain suppliers for specific reasons: performance, reliability, cost, alliance politics, and so on. An important sign of success as an arms producer is building up a large and reliable overseas customer base—countries that return, year upon year, to…


Facebook’s Zuckerberg Responds to Cage Match Challenge From Twitter’s Musk

Mark Zuckerberg and Elon Musk, the owners of competing social media platforms, could soon get into a cage match if their talk on social media is to be believed. Zuckerberg—who co-founded Facebook and whose Meta Platforms Inc. owns Instagram—has reportedly been preparing a new social media platform to compete with Twitter. Musk, who bought out…


JPMorgan Fined $4 Million for Deleting 47 Million Emails: SEC

The Securities and Exchange Commission (SEC) fined JPMorgan Chase’s broker-dealer arm $4 million for deleting tens of millions of emails from early 2018, with some relating to subpoenas in regulatory investigations. According to a June 22 adminstrative order, the federal regulator said that J.P. Morgan Securities LLC erased 47 million emails during the period January…


LIVE NOW: System Error: Where Big Tech Went Wrong and How We Can Reboot–An AEI Event

In a conversation held by the American Enterprise Institute (AEI) at 3:30 p.m. ET on June 22, Rob Reich, Faculty Associate sirector, Stanford Institute for Human-Centered Artificial Intelligence, and Jeremy M. Weinstein, senior fellow, Freeman Spogli Institute for International Studies, discuss the effects and implications of Big Tech’s operations. …


System Error: Where Big Tech Went Wrong and How We Can Reboot–An AEI Event

In a conversation held by the American Enterprise Institute (AEI) at 3:30 p.m. ET on June 22, Rob Reich, Faculty Associate sirector, Stanford Institute for Human-Centered Artificial Intelligence, and Jeremy M. Weinstein, senior fellow, Freeman Spogli Institute for International Studies, discuss the effects and implications of Big Tech’s operations. …


Top Executive for Bud Light Parent Wins ‘Creativity’ Award, Despite Losing $20 Billion Over Trans Fiasco

The top marketing executive for Bud Light parent Anheuser-Busch InBev won the “Creative Marketer of the Year” award, despite costing the company $20 billion over its recent transgender fiasco. Bud Light has lost billions of dollars in revenue due to massive boycotts after the beer company decided to pair the brand with transgender activist Dylan Mulvaney, who…


Missing Titanic Submarine Crew Likely Died in ‘Catastrophic Implosion’: Coast Guard

The operator of a submersible vehicle that went missing while trying to view the Titanic wreckage in the Atlantic Ocean said that it’s likely all five people on board have died, while U.S. Coast Guard officials said a “catastrophic implosion” likely occurred. “We now believe that our CEO Stockton Rush, Shahzada Dawood and his son…


5 Men on Missing Titanic Submarine Died in ‘Catastrophic Implosion’: Coast Guard

The operator of a submersible vehicle that went missing while trying to view the Titanic wreckage in the Atlantic Ocean said that it’s likely all five people on board have died, while U.S. Coast Guard officials said a “catastrophic implosion” likely occurred. “We now believe that our CEO Stockton Rush, Shahzada Dawood and his son…