Even famed "bond king" Bill Gross is warning investors about the risks of owning longer-term bonds, arguing that excessive debt and current macroeconomic conditions have made them increasingly risky. But his recommendation comes with one important exception.
In a Sept. 30 op-ed for the Financial Times, Gross, who co-founded ***** et management giant Pacific Investment Management Company (PIMCO), put it bluntly: "Don't own bonds."
Dave Ramsey warns nearly 50% of Americans are making 1 big Social Security mistake. Here's what it is and 3 simple steps to fix it ASAP
The tax breaks in Trump's 'big beautiful bill' expire after 2028. Here are 4 reasons why retirees can't afford to waste time
Jeff Bezos backs a platform that lets anyone invest in rental homes for as little as $100 — 6 ways to build wealth like a landlord without actually being one

#gross #bill #bonds

Meghan Markle and Prince Harry's friend has reportedly suggested that the couple's recent romantic photos from their UK outing may carry a deeper meaning. The Duke and ***** ss of Sussex were recently photographed holding hands during a lunch date at a Cotswold pub. Notably, the outing marked the couple's first public appearance together since reportedly relocating back to the UK on August 26.
Prince Harry and Meghan Markle's friend told Rob Shuter that the photos from the couple's recent UK outing were taken with intention and purpose. For those unfamiliar, The Sun published exclusive images of the Sussexes on October 2, showing Harry and Meghan holding hands as they arrived at The Falkland Arms pub in the Cotswolds on October 1.
The couple opted for subtly coordinated dark-toned outfits, and both wore sunglasses during the outing. The "Suits" star wore an all-black ensemble with her hair loose, while the Duke of Sussex sported an olive-green fall jacket and a baseball cap.
The friend claimed, "This has Meghan's fingerprints all over it." The source explained that Markle is highly familiar with the worlds of media, photography, and publicity. According to the friend, she understood that the timing was right to send a pointed message to their critics and naysayers through the loved-up images.
A media insider also weighed in on the couple's recent UK outing, arguing that the paparazzi did not simply happen to capture the pair. Instead, the insider claimed that Harry and Meghan provided ample opportunities to be photographed.

#outing #duke

Hartnett says he continued acting but pursued smaller projects outside Hollywood's biggest productions
After finishing Black Hawk Down at 22, he took a year off and wrote a screenplay
He previously said he declined roles like Superman and Batman to maintain control over his career
Josh Hartnett is opening up about what some view as a step back from acting — arguing he was still working, just not in the big Hollywood projects for which he had become known.
The actor, 48, was interviewed by Out Of Order, when he was asked if he takes "offense" to the idea that he was "on hiatus" from the film industry for two decades.

#superman

Ari Kytsya has never pretended that making adult content is all big checks, flexible hours, and glamorous trips. Long before the allegations surrounding the so-called "Cornell 7" case reignited a national conversation about consent, exploitation, and women's safety, the TikTok personality warned that adult creators can face harassment, privacy violations, predatory contracts, and frightening encounters with people who refuse to let their online relationships remain online.
Kytsya has not publicly connected her experiences to the Cornell case. However, her warnings offer another look into the risks women say they face when money, **** , and entitlement collide.
ZUMAPRESS.com / MEGA
Kytsya, who has built an audience of millions across TikTok and other social media platforms, has been unusually open about the realities of working in the adult-content industry. In a video highlighted by Yahoo Entertainment, the OF creator pushed back against the idea that selling explicit content offers an easy path to wealth. "This job is not easy money," she declared, arguing that she works just as hard, or harder, than she did in her previous jobs.
Kytsya also claimed that some creators lie about how much they earn. According to her, those making significant amounts of money generally entered the industry with an established audience rather than building a profitable account from nothing. Even successful creators cannot depend on a consistent paycheck, she explained. One month's income can be extremely high, then fall dramatically the next.

#money #TikTok #case #face

The OpenAI CEO sought to distinguish his policy stance from rival developer Anthropic.
OpenAI CEO Sam Altman argued in an exclusive interview with Decoded by POLITICO that AI’s benefits justify accepting some risks. | Heather Diehl/Getty Images
10/05/2026 05:55 AM GMT+9
OpenAI CEO Sam Altman said there remains a fundamental difference in worldview between his company and rival Anthropic on artificial intelligence regulation, arguing in an exclusive interview with Decoded by POLITICO that the technology’s benefits justify accepting some risks — and that AI should remain broadly accessible to the public.

#anthropic #decoded #benefits #justify

An Arizona road rage killer will be resentenced after an appeals court ruled that an AI-generated video message from his dead victim was improperly aired in court.
Gabriel Paul Horcasitas was found guilty by a jury of shooting and killing Christopher Pelkey, 37, during a confrontation at a red light in 2021. He was sentenced to 10 years behind bars.
But his legal team appealed, arguing that the trial judge should not have allowed an AI video, created by Pelkey's family, to be shown in court ahead of last year's sentencing.
The Arizona Court of Appeals agreed, ruling that Horcasitas, 55, must be resentenced because the AI clip "crossed that line".
"Rather than document an event or recording a particular moment, the AI video presents a depiction of the victim and his thoughts created from the imaginings of the victim's sister," the court of appeals wrote on Wednesday.

#arizona #horcasitas #resentenced #created

Correction: An earlier version of this story mistakenly said the emergency court hearing request was granted by a judge.
An Oct. 2 emergency court filing seeks to preserve all evidence related to Tennessee's failed execution of Christa Pike, arguing the state botched the lethal injection procedure.
A judge was considering the request shortly after it was filed. While an unsigned document for the hearing was filed in the court system, no date or time was immediately listed.
Pike was set to be executed by the Tennessee Department of Correction on Sept. 30, but survived two doses of pentobarbital. The document, filed in Davidson County Chancery Court on Oct. 2, revealed more details about Pike's condition. It said she is intubated, on a ventilator and unconscious, and that both her arms were swollen, burned and blistered. As of the night of Oct. 1, Pike was still in critical condition at a Nashville-area hospital, the motion said.
"Hospital staff are working to save Ms. Pike's life and to clear the pentobarbital from her system," the Oct. 2 motion stated.

#pike #correction #hospital #hearing

MACOM Technology Solutions is suddenly giving investors two numbers to think about: its stock has more than doubled over the past year, and its newest optical components push data rates toward another doubling.
asharkyu/Shutterstock.com
MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) announced a 3.2-terabit optical chipset on September 17 built around eight 448-Gbps PAM-4 channels. A day later, BMO Capital upgraded the shares to Outperform with a $335 target, arguing that a 36% decline from the May peak had compressed MACOM's forward valuation to roughly 29 times earnings while data-center fundamentals remained intact.
That puts Coherent Corp. (NYSE:COHR) directly in the conversation because both companies supply the optical connectivity needed to keep larger AI clusters fed with data.
MACOM's new platform combines drivers, photodiodes and transimpedance amplifiers for next-generation optical modules. The company says the components are already available, rather than merely a research roadmap.

#data #macom #holdings #NASDAQ

Markets have a familiar reflex when fear spreads through technology stocks. Investors wait to hear what Jim Cramer thinks.
This week, the fear did not come from a short seller or a regulator. It came from inside the AI industry itself, from one of its own leaders.
Cramer said Wednesday, Sept. 16, that he won't back away from the AI trade, according to CNBC. That comes despite a weekend essay from a top AI executive arguing that the technology is moving too fast.
He predicted spending on AI infrastructure will keep climbing, because the industry's two biggest labs are already turning that spending into real revenue. There's too much money at stake for them to stop now, the "Mad Money" host said.
The warning that shook markets came from Anthropic CEO Dario Amodei, not from a critic outside the industry. In an essay ****** led "We Must Pace the Frontier," Amodei wrote that we must slow the pace at which we improve the capabilities of AI models.

#markets #pace #came

Coinbase (COIN) dropped sharply when the CLARITY Act failed its Senate vote as Bitcoin barely moved, proving the bill served exchanges, not the coin.
Circle (CRCL) sold off alongside COIN while Polymarket prices Bitcoin reaching $95,000 by December at just 26%, well below Wall Street's bullish targets.
Grok flags October's Fed hike as Bitcoin's real gate, arguing that if it proves to be the last, returning ETF inflows could bring $100,000 within reach as a stretch target.
Read More: Avoid these 13 retirement mistakes before they derail your future (sponsor)
Coinbase (NASDAQ:COIN) and Circle (NYSE:CRCL) both fell sharply after the September 15 Senate cloture vote failed to advance the CLARITY Act, while Bitcoin (CRYPTO:BTC) barely moved.

#Coinbase #circle

Palantir Technologies (NASDAQ:PLTR) CEO Alex Karp just added a third front to the fight over artificial intelligence (AI) safety on Thursday, arguing that the companies developing the technology -- the Anthropics and OpenAI's of the world -- should face civil and criminal penalties if AI causes the damage their CEOs are warning of.
Speaking with CNBC, Karp said that he agreed that "reasonable guidelines" for the industry should be enforced, but that "you can't do it" and that "the first line of defense" instead should be to hold companies and their leaders responsible for their own actions.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
Karp was weighing in on an ongoing and high-profile debate within the industry. After Anthropic CEO Dario Amodei penned an essay warning that AI capabilities were improving too quickly for researchers to understand and control them and that action must be taken to ensure the public's safety, he was joined by several AI leaders with calls for a slowdown and increased oversight.
Here's a look at what they had to say:

#safety #Companies #warning #leaders

On September 8, 2026, Reuters reported that NIKE, Inc. (NYSE:NKE) shareholders rejected a proposal urging greater transparency on how the company plans to meet its 2030 emissions-reduction targets, despite support from Norway's sovereign wealth fund, Nike's 11th-largest shareholder.
Nike's board had urged a "no" vote, arguing management is "best positioned to determine the targets and related disclosures that are appropriate." Shareholders separately approved the company's executive compensation proposal, including pay for CEO Elliott Hill, in a vote that had faced some opposition.
The failed climate proposal gives NIKE, Inc. (NYSE:NKE)'s management more flexibility to focus on its operational turnaround. Shareholders rejected the request for greater disclosure on how Nike plans to meet its 2030 emissions targets. It allows CEO Elliott Hill and his team to prioritize product innovation, sales recovery, and market-share gains. Nike faces significant operational challenges. So management could benefit from directing more resources toward restoring growth and profitability.
Nike has already made measurable progress toward its environmental targets. It limits the immediate financial impact of the rejected proposal. The company reported an 11% reduction in supply-chain emissions from its 2015 baseline in fiscal 2024, while its 2030 targets call for a 65% reduction in operational emissions and a 30% reduction across its supply chain. This progress gives Nike evidence that it is chasing its climate goals even without expanding its current disclosure.
Shareholders' approval of Elliott Hill's compensation package shows support for Nike's leadership despite the difficult turnaround. Investors approved more than $36 million in total compensation for Hill for fiscal 2026, even though Norway's wealth fund and major proxy advisers opposed the package. Shareholder support gives Hill greater room to execute his strategy as Nike works to stabilize sales, rebuild its market position, and restore long-term earnings growth.

#reduction #elliott #greater

Elon Musk's ***** eX has been talking, internally, about buying the leftover customer files of startups that already went under. Not licensing data from companies that are still operating and can say no. Buying the digital estate of companies that no longer exist to say anything at all.
The discussions are happening inside ***** eXAI, the artificial intelligence division born in February when ***** eX merged with xAI. People familiar with the talks told Bloomberg they're informal and might go nowhere. But the idea makes sense from the perspective of an AI lab racing for the frontier.
The goal is basically cheap fuel for Grok. AI models learn from training data—the text, code, and records an algorithm studies to get better at predicting what comes next—and the good stuff, real business records instead of scraped web pages, is getting expensive. A dead company's file cabinet is apparently a bargain by comparison.
Google already did the same. The search giant paid $10 million in a bankruptcy auction for the internal records of Spirit Airlines, the discount carrier that shut down for good this year. They got around 100 million emails, 500 million Microsoft Teams messages, decades of employee files, all headed into an AI training pipeline.
That data belonged to real employees who signed up for a job, not an AI experiment. A flight attendants' union objected in bankruptcy court, arguing that scrubbing names off records—what companies call "de-identifying" data—doesn't stop someone from piecing together who said what in a decade of internal chats. The court fight is still ongoing.

#million #buying #still #training

On September 10, 2026, The Lovesac Company (NASDAQ:LOVE) reported second-quarter fiscal 2027 results for the period ended August 2, 2026. Net sales rose 0.4% to $161.2 million, a record for the quarter, and the company swung to net income of $7.4 million, or $0.51 per diluted share, from a loss of $6.7 million a year earlier. Inside that $0.51 sits $0.86 of net benefit from IEEPA tariff refunds. Omni-channel comparable sales fell 1.9%.
Canaccord's Maria Ripps read the quarter as in line, with revenue and adjusted EBITDA both landing within guidance and near consensus while tariff refunds pushed gross margin and earnings above expectations; she cut the firm's target on The Lovesac Company (NASDAQ:LOVE) to $20 from $22 but held the Buy rating.
Roth Capital's Matt Koranda also called the quarter in line with consensus, though he flagged omni-channel comps trending modestly negative on soft lower-end consumer demand. He lowered the firm's target on The Lovesac Company (NASDAQ:LOVE) to $20 from $22 as well, keeping a Buy rating, and noted that management reset full-year guidance lower on a tough demand environment and modest product launch delays.
DA Davidson offered a similar interpretation of the lower guidance, arguing that the reset reflects the new CFO's approach more than a deterioration in the underlying business. The firm said the CFO, who joined during the quarter, appears to be establishing more conservative expectations that could restore a beat-and-raise pattern the stock had lacked. DA Davidson lowered its target on The Lovesac Company (NASDAQ:LOVE) to $18 from $20 while maintaining its Buy rating.
The operating case rests on the high end: configurations above $6,000 grew double digits against a tough comparison, showroom net sales rose 4.6% to $114.1 million on 14 net new locations, and Snugg helped push other products revenue up 198.2%. Lovesac ended the quarter with $68.8 million in cash and no debt.

#quarter

On September 9, 2026, Academy Sports and Outdoors, Inc. (NASDAQ:ASO) posted second-quarter results for the period ended August 1, 2026. Net sales rose 3.0% to $1.65 billion, adjusted earnings per share climbed 19.1% to $2.31 from $1.94, and gross margin widened 440 basis points to 40.4%. Management lifted full-year adjusted EPS guidance to $6.50 to $6.90 and gross margin guidance to 35.5% to 36.0%. What the quarter did not deliver was a positive comp, which fell 0.4%.
Telsey Advisory came away seeing nothing that changes the thesis, calling the risk-reward attractive and pushing its target on Academy Sports and Outdoors, Inc. (NASDAQ:ASO) to $63 from $60 while staying at Outperform.
Wells Fargo's Ike Boruchow described himself as cautiously optimistic at current levels, arguing that both the quarter itself and management's forward commentary delivered upside surprise; his target moved to $55 from $50, though the rating stayed Equal Weight.
Barclays **** yst Adrienne Yih focused on the fact that Academy Sports and Outdoors, Inc. (NASDAQ:ASO) held its fiscal 2026 sales and comp guidance despite a tougher consumer backdrop and sequential demand deceleration, lifting her target to $53 from $50 at Equal Weight.
Supporting the case: e-commerce sales grew 12.8%, Sports and Recreation rose 6%, myAcademy loyalty membership passed 15 million, and the company raised adjusted free cash flow guidance to $300 million to $350 million after repurchasing $182.1 million of stock in the first half.

#sports #guidance #sales #target

On September 2, 2026, Phreesia, Inc. (NYSE:PHR) reported second-quarter fiscal 2027 results for the period ended July 31, 2026. Revenue rose 10% to $129.5 million and adjusted EBITDA climbed to $32.9 million from $22.1 million a year earlier, a 25% margin. Net income reached $1.9 million, marking the company's fifth consecutive quarter of profitability. Management reaffirmed full-year revenue guidance of $510 million to $520 million and adjusted EBITDA of $125 million to $135 million.
The disagreement on Wall Street is about what that reaffirmation actually signals.
Wells Fargo found the highlight in Network Solutions, which grew 9% year-over-year, and pointed to the ProviderConnect pilot delivering a 4% prescription lift in a GLP-1 campaign that management says is generating follow-on business; the firm raised its target on Phreesia, Inc. (NYSE:PHR) to $10 from $9 while holding an Equal Weight rating.
DA Davidson stayed at Buy despite trimming its target on Phreesia, Inc. (NYSE:PHR) to $13 from $14, arguing the stock sold off on a reiterated guide even though network solutions activity is tracking more encouragingly than the prior outlook and AccessOne is opening a growing opportunity in alternative consumer payment options.
Baird ******* yst Joe Vruwink lifted his target to $11 from $10 at Neutral after updating his model.

#million #solutions

On September 2, 2026, Snowflake Inc. (NYSE:SNOW) reported second-quarter fiscal 2027 results for the period ended July 31, 2026. Revenue rose 35% to $1.55 billion against a $1.48 billion consensus, product revenue grew 37% to $1.49 billion, and adjusted earnings came in at $0.62 per share versus the $0.45 ******* ysts expected. Management raised full-year product revenue guidance to $6.07 billion from $5.84 billion. Shares surged more than 20% in extended trading, and within 48 hours eight firms had rewritten their models.
The size of the target revisions tells the story.
Argus ******* yst Joseph Bonner moved to $450 from $300, keeping a Buy rating and arguing that new AI products are driving sales, customer conversion, and retention while Snowflake Inc. (NYSE:SNOW) grows well above management's 30% north star target with expanding margins.
Goldman Sachs also went to $436 from $300, noting product revenue landed 5% above the Street and EBIT margins 270 basis points ahead, and said the stock reaction reflects a setup where estimates keep moving higher over the next 18 months.
JPMorgan lifted its target to $426 from $285 on a third straight quarter of product revenue acceleration, while Raymond James ******* yst Adam Tindle went to $425 from $275, framing Snowflake Inc. (NYSE:SNOW) as an AI-native control plane for enterprise workflows beyond ******* ytics.

#target

Every time Silicon Valley's biggest names line up behind a single message, someone eventually asks who benefits from such universal agreement. This time, that someone was the investor best known for calling the housing crash before almost anyone else saw it coming.
Michael Burry has spent the past year building a reputation as one of the AI industry's loudest skeptics. His latest target is not a stock but a story. When three of the sector's most powerful executives suddenly agreed the technology needed to slow down, Burry saw the timing as less about caution and more like a self-serving pitch.
Burry has spent much of 2026 building short positions against companies tied to the AI trade, disclosing bets against Nvidia, Tesla, Micron, Applied Materials, Caterpillar and a leading semiconductor ETF, according to TheStreet.
On September 14, Burry published a post on X and on his Substack, Cassandra Unchained, arguing that people should take a moment to understand how self-serving it is for OpenAI, Anthropic and other big hyperscaler executives to talk about slowing things down. The post circulated quickly across financial media, Yahoo Finance reported.
Related: Michael Burry doubles down on his surprising AI bet

#michael #time #someone

Manju Boraiah, Senior PM and Head of Systematic Fixed Income at Allspring Global Investment, reacts to Wednesday's Fed rate decision saying fundamentally, 'we needed the hike.' He also discusses how investors can break out from frozen positions, arguing that trillions of dollars of wealth is sitting in concentrated positions that are being held back by tax bills, and offers a possible solution to move toward diversification.

#manju #systematic

Citi has begun coverage of the newly listed The Magnum Ice Cream Company (EURONEXT:MICC, LSE:MICC, NYSE:MICC) with a lukewarm "neutral" rating, warning that the maker of the eponymous chocolate-coated lollies faces a tougher year ahead after a **** per summer.
The broker set a target price of €17.7 on the shares, arguing that kind weather and solid delivery on cost cuts have already pushed Magnum's valuation up to broadly match its European food peers, leaving little room for further gains.
Citi's central doubt is whether the good times can last. A durable re-rating, it said, takes more than one strong season, and history suggests companies leaning on cost-saving stories rarely hold on to lofty valuations for long.
Several clouds loom over next year. The broker flagged the risk that El Niño weather patterns push up ingredient costs in the second half of 2027, which could expose how sensitive take-home ice cream sales are to price rises.
It also cited the spread of GLP-1 weight-loss drugs as a potential drag on demand, alongside the usual uncertainty over weather comparisons.

#micc #year

Lithium Americas Corp. (LAC) is back on Wall Street's radar after JPMorgan turned bullish on the lithium developer, upgrading the stock to an "Overweight" rating from "Neutral" and setting a $6 price target. The target implies close to 100% upside from the stock's previous close, giving investors a potentially significant re-rating opportunity if the bank's bullish **** umptions play out.
The call reflects a more constructive outlook for lithium prices. JPMorgan recently raised its lithium price **** umptions, arguing that lithium carbonate prices have remained above $20 per kilogram and that the market could face a supply deficit through the end of the decade. Those higher price **** umptions materially improve JPMorgan's estimates for Lithium Americas' long-term earnings and net **** et value.
Dear **** eX Stock Fans, Mark Your Calendars for September 21
How to Play IBM Stock as It Teams Up with NASA to Launch a New Open-Source Model
GF Securities Says NAND Prices May Stabilize Later This Year. What This Means for Sandisk Stock.

#play

Former West Virginia Sen. Joe Manchin, a Democrat-turned-independent, said Monday he supports two Republican Senate candidates running in battleground races in November.
During an appearance on CNBC, Manchin expressed support for former Rep. Mike Rogers, who is running for an open seat in Michigan, and Sen. Susan Collins of Maine, who is seeking reelection. Both races are crucial to whether the GOP will retain control of the Senate.
"You lose the Susan Collinses of the Senate, you're losing the soul of the Senate — basically, a person you can talk to, who wants to do the right thing all of the time," Manchin said, adding that he would campaign with the senator.
Manchin, a longtime critic of extremes in both parties, served in the Senate from 2010-2025 and left the Democratic Party during his final months in office, arguing that the party's brand had become "toxic." He has remained involved in politics and launched a national effort in July to help elect more independents.
Mike Rogers, left, and Sen. Susan Collins - Getty Images

#rogers #left

Josh Hokit wasted no time making his case for UFC gold after Tom Aspinall vacated the heavyweight ******* le Monday.
Aspinall relinquished his championship after suffering yet another setback in his ongoing recovery from the eye injuries he sustained against Ciryl Gane at UFC 321 last October. The move clears the way for the UFC heavyweight division to resume it's usual activity; Gane defeated Alex Pereira at UFC Freedom 250 in June to claim an interim ******* le, and will likely be formally upgraded to undisputed heavyweight champion in short order.
And Hokit wants the first crack.
"The fans deserve Me vs Gane. I'll give Ciryl what he has coming. If Alex can win 1 fight in my weight class, I'll give it to him too, early '27. I'll be the most active champ in the company."
Pereira has continued to campaign for an immediate rematch with Gane in the months since UFC Freedom 250, accusing the Frenchmen of using illegal strikes to the back of the head to defeat him in their battle on the White House's South Lawn. Hokit, though, has repeatedly dismissed the former two-division UFC champion, arguing that Pereira should have to earn his way back after being stopped by Gane in less than two rounds.

#pereira #title

Leave it to Elon Musk to say, essentially, I've been right all along.
The **** eX (SPCX) and Tesla (TSLA) CEO agreed with Anthropic (ANTH.PVT) CEO Dario Amodei on his essay arguing for pacing AI advances.
The crux of Amodei's argument is that AI using recursive self-improvement "could outrun our ability to understand and control these systems, and so must be pursued very carefully, if at all."
In order to prevent future harms, Amodei said frontier AI companies should commit to embedding third-party evaluators in their organizations that can **** s their AI models and confirm the labs' "adherence to safety practices and commitments, report incidents, and help **** s the alignment of not just completed AI models but training pipelines and processes."
Musk replied on X.com, "Dario is right," but also added later that he's been "sounding the alarm" over AI for some time now, linking back to a post he made back in 2023, when he wrote, "AGI is significantly higher risk than nuclear weapons, in my opinion. Super smart humans have trouble imagining something vastly smarter than themselves."

#assess

US stock futures sank on Monday morning after the two leading frontier artificial intelligence companies called for an industrywide slowdown of AI development, sending tech stocks tumbling. Rising oil prices and an upcoming Fed meeting this week also put pressure on stocks.
Futures on the tech-heavy Nasdaq-100 (NQ=F) fell 1.5%, led by losses in chip stocks, including Nvidia (NVDA). Futures on the Dow Jones Industrial Average (YM=F) fell 0.3%, while those on the S&P 500 (ES=F) declined by 0.6%. In Asia, shares of memory chip makers SK Hynix (SKHY) and Samsung (005930.KS) dropped.
Tech stocks were poised to fall after Anthropic (ANTH.PVT) CEO Dario Amodei wrote a 3,800-word essay over the weekend, arguing that AI companies should slow the pace of improving AI models in order to address safety concerns. Sam Altman, the CEO of rival AI lab OpenAI (OPAI.PVT), agreed in a post on X, putting the two AI companies at odds with Wall Street, which has banked on a brisk pace of improvement.
Worries about AI safety also led OpenAI to delay its initial public offering until 2027, Altman told Fortune. Anthropic still plans to list in the fall and has reportedly chosen the Nasdaq for its highly anticipated IPO.
Oil prices, meanwhile, continued to climb after Saudi Arabia shut down a key pipeline in the Middle East and as the war in the Middle East spread. Brent crude (BZ=F) traded near $108 per barrel.

#stocks #NASDAQ #openai

Vertex Pharmaceuticals Incorporated (NASDAQ:VRTX) could be positioning itself for its next major phase of growth following its roughly $10 billion acquisition of Crinetics Pharmaceuticals. The deal gives the company immediate exposure to the endocrinology market and provides a new commercial platform beyond its established cystic fibrosis franchise.
On September 3, Citigroup **** yst Geoff Meacham highlighted the strategic importance of the Crinetics acquisition, arguing it could diversify Vertex's business while complementing its existing cystic fibrosis franchise and newer businesses in renal disease, hematology, and pain.
Through the transaction, Vertex Pharmaceuticals Incorporated (NASDAQ:VRTX) gains access to Palsonify (paltusotine), an oral treatment for acromegaly that has already received regulatory approval in Europe. Paltusotine is also in Phase 3 development for carcinoid syndrome **** ociated with neuroendocrine tumors.
Palsonify is particularly important because it provides an immediate commercial revenue opportunity, rather than requiring the company to wait several years for an entirely new drug to reach the market.
Early uptake of Palsonify has been encouraging, supported by expanding physician adoption and improving reimbursement coverage. If that momentum continues, the drug could become an important contributor to Vertex's revenue growth.

#palsonify

Six weeks after AI bets nearly wrecked his hedge fund, Leopold Aschenbrenner is putting money into the same companies again. His hedge fund, Situational Awareness, bought call options on AMD, Bloom Energy, CoreWeave, SK Hynix and SanDisk, CNBC reported, citing sources. The trades ran from late last week into this week.
The former OpenAI researcher became famous for a 2024 essay arguing that AI could reach human-level intelligence by 2027. He built an investment business around that belief, backing companies supplying the computing capacity and electricity AI needs.
July exposed how dangerous that bet had become. Borrowed money magnified falling share prices, triggering demands for cash the fund could not meet. **** ets shrank from a peak above $45 billion to roughly $10 billion, according to CNBC.
Ken Griffin's Citadel bought distressed holdings at a discount. Situational Awareness kept private investments, including Anthropic. The SEC later subpoenaed Wall Street banks over their dealings with the fund. The reported inquiry carried no allegation of wrongdoing.
His return uses call options: contracts that let buyers purchase shares at a fixed price before a deadline. When paid for upfront without borrowing, their losses are capped at the purchase cost. That entire amount can still disappear if the options expire worthless.

#bought #call

Pennsylvania state Rep. David Maloney, a Republican, is asking President Donald Trump to rename Lake Erie to "Lake Pennsylvania" following similar renaming efforts by the president.
Maloney is preparing a resolution calling on Trump, Interior Secretary Doug Burgum and lawmakers on Capitol Hill to take steps to rename Lake Erie to "Lake Pennsylvania," arguing that the change is needed to reflect the lake's modern identity.
"This is Pennsylvania's only Great Lake. Its modern economy and identity are increasingly tied to the boaters, anglers, families and tourists who come to enjoy it," Maloney said in a statement. "Ohio has plenty of shoreline. New York already has two Great Lakes. Canada has four others."
New York Gov Hochul Rejects Trump's 'Lake America' Renaming With Blunt Message
Pennsylvania state Rep. David Maloney, a Republican, is asking President Donald Trump to rename Lake Erie to "Lake Pennsylvania."

#republican

The Supreme Court will no longer hear an oral argument for a case centered on bond rights for noncitizens detained for lengthy periods, ruling the case moot after New York Democratic Gov. Kathy Hochul pardoned a lawfully present Dominican citizen, who pleaded guilty to second-degree ******* ault.
Hochul pardoned Keisy Guerrero Mariano, who is identified in court documents as "Keisy GM," in late August, effectively killing the Trump administration's appeal to the Supreme Court arguing that noncitizens, including those with green card status, do not have a legal right to a bond hearing for a prolonged detention if they have committed crimes that are grounds for mandatory deportation.
Hochul, who is staunchly opposed to President Donald Trump's immigration enforcement crackdown, issued the pardon for Mariano just as the brief was due.
Federal Appeals Court Compares Trump Migrant Detention Policy To ******* anese American Internment
FILE - New York Democratic Gov. Kathy Hochul pardoned Keisy Guerrero Mariano in late August.

#pardoned

Comedian Bill Maher spent the first night of Rosh Hashanah taking aim at Macklemore and other anti-Israel celebrities, arguing that calling the war in Gaza a genocide is fueling a global rise in antisemitism.
During Friday night's episode of HBO's "Real Time," Maher first criticized members of the Democratic Party who have spoken out against Israel during the Israel-Hamas war.
"Because nowhere has this moral confusion become more obvious than in a place called Gaza," Maher said. "A little strip of land that was not part of the original Israel, but they won in a war launched against them, but then gave back, gave back as a peace gesture — did they tell you that part on TikTok, kids?"
Bill Maher Blasts Democratic Party, Says It Is Fine With Religion 'As Long As That Faith Isn't Jewish'
Bill Maher arrives for the 27th Mark Twain Prize for American Humor gala at the John F. Kennedy Center for the Performing Arts on June 28, 2026, in Washington, D.C.

#first