Month: May 2025
Musk’s xAI says Grok’s ‘white genocide’ posts resulted from change that violated ‘core values’
Muhammed Selim Korkutata | Anadolu | Getty Images Elon Musk’s xAI on Thursday evening made its first public comment about the latest controversy surrounding Grok, writing in a post on X that an “unauthorized modification” caused the chatbot to generate variations of a “specific response on a political topic.” That controversial topic was “white genocide” […]
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Shein to set up huge Vietnam warehouse in U.S. tariff hedge, Reuters reports
People walk at the Shein office building in China on April 16, 2025. Tingshu Wang | Reuters Fast-fashion online retailer Shein is leasing a huge warehouse in Vietnam, two people familiar with the deal told Reuters, its first in the country, in a move that could reduce its exposure to unpredictable U.S.-China trade tensions. Shein, which was founded in China and sells products […]
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Aramco says it has U.S. tie-ups worth up to $90 billion amid Trump Gulf tour
Saudi Aramco logo and stock graph are seen through a magnifier displayed in this illustration taken September 4, 2022. Dado Ruvic | Reuters Saudi Aramco said on Wednesday it had signed 34 preliminary deals with major U.S. companies, potentially worth up to $90 billion in a push to deepen commercial ties with the United States on the back of […]
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Former FBI Director James Comey under investigation for post seen as a potential threat to Trump’s life
Former FBI Director James Comey speaks at Harvard Kennedy School with Harvard’s Eric Rosenbach on February 24, 2020 in Boston, Massachusetts. Paul Marotta | Getty Images The Department of Homeland Security and Secret Service are investigating a social media post by former FBI Director James Comey that several U.S. officials interpreted as calling for the assassination of President […]
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Japan’s economy contracts by a more than expected 0.2% from prior three months as exports fall
Commercial and residential buildings at dusk in the Minato district of Tokyo, Japan. Bloomberg | Bloomberg | Getty Images Japan’s economy shrank for the first time in a year, contracting 0.2% in the March quarter as exports declined sharply, preliminary government data showed Friday. The gross domestic product data was poorer compared to the 0.1% […]
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Asia-Pacific markets trade mixed as investors parse Japan’s downbeat GDP data
Yukinori Hasumi | Moment | Getty Images Asia-Pacific markets were mixed Friday as investors parsed Japan’s latest gross domestic product figures and awaited a slate of other economic data from the region. Japan’s benchmark Nikkei 225 slipped 0.14%, while the Topix added 0.12% after Japan’s economy contracted 0.2% quarter-on-quarter for the three months ended March. […]
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Walmart’s former U.S. CEO Bill Simon thinks retailer can easily absorb tariff costs, criticizes its ‘doom and gloom’ commentary
Fast Money Walmart’s former U.S. CEO Bill Simon thinks retailer can easily absorb tariff costs, criticizes its ‘doom and gloom’ commentary Published Thu, May 15 20257:47 PM EDTUpdated 37 Min Ago Stephanie Landsman@stephlandsman WATCH LIVE Source
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Cerebras CEO says chipmaker’s ‘aspiration’ is to hold IPO in 2025
Toronto , Canada – 20 June 2024; Andrew Feldman, co-founder and CEO of Cerebras Systems, speaks at the Collision conference in Toronto on June 20, 2024. Ramsey Cardy | Sportsfile | Collision | Getty Images Cerebras CEO Andrew Feldman said his hope is to take his company public in 2025 now that the chipmaker has […]
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Why this German automaker will benefit from the U.K.-US trade deal
British businesses are still hashing out exactly what the recently-unveiled U.K.-U.S. trade deal — the first under President Donald Trump’s tariff-first , negotiate-later regime — means for them. The European Union is yet to strike its own deal. Despite this, one automaker from the bloc’s biggest economy is about to see benefits due to its […]
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Bitcoin RICO: Feds say $265 million crypto theft ring blew $13M on exotic cars, nightclubs
Malone Lam, a defendant in a $230 million bitcoin heist, in a booking photo from the Broward County Sheriff’s Office in Florida. Broward County Sheriff’s Office Federal prosecutors in Washington, D.C., charged 13 men in what court records describe as a wide-ranging conspiracy to identify victims with substantial holdings of cryptocurrency, steal those assets, and […]
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