What to know about Hugging Face, the open-source AI startup reportedly catching Nvidia’s eye
New reports outline deal talks between the two companies as opensource AI technology comes more into focus. Source:MarketWatch
Fed’s Lisa Cook denies committing mortgage fraud, says Trump has no grounds to remove her from office
Cook’s lawyer says she made an inadvertent error listing her apartment in Atlanta as a primary residence Source:MarketWatch
CrowdStrike’s stock soars after AI fuels the cybersecurity company’s ‘best quarter’ ever
“Every enterprise will run on AI, and securing it is the largest market opportunity in our history,” CEO George Kurtz says. Source:MarketWatch
Nvidia tops earnings estimates, guides to $108 billion in revenue next quarter
The tech bellwether reported fiscal secondquarter results after the bell on Wednesday. Source:CoinDesk
Salesforce’s stock surges as AI momentum fuels revenue growth
Salesforce cleared Wall Street’s secondquarter expectations and deepened its ties with AI lab Anthropic. Source:MarketWatch
I just had my first baby and don’t want to go back to work. Is quitting for a year a bad idea?
“I really don’t want to miss my baby’s first year.” Source:MarketWatch
The U.S. economy is better than it looks — but it might be due for a slowdown
Consumer spending soared in the second quarter. A repeat is unlikely. Source:MarketWatch
The ugly math on interest expenses, yields and the $40 trillion U.S. national debt
“The interest payments are starting to snowball,” said Joe Boyle at Hartford Funds. Source:MarketWatch
Bitcoin dips below $78K as stocks, gold fall on higher US PCE Inflation data
Bitcoin stayed away from challenging $80,000 after July US PCE inflation data came in slightly higher than anticipated, pressuring gold and risk assets.…
Bill Gates issues a stark warning about AI — and Americans increasingly share his concerns
The Microsoft cofounder is urging technology leaders and government officials to better acknowledge the risks AI poses to jobs and human connections.…
China is collecting on old debts but won’t pay its own
China’s leaders are working to recoup hundreds of billions of dollars worth of unpaid taxes. At the same time, the country is defaulting on a significant…
12 stocks for ‘bottom-fishing’ investors looking for cheap growth opportunities
Companies with stocks near 52week lows that analysts expect to roar back include Dick’s Sporting Goods, McDonald’s and L3Harris. Source:MarketWatch