Articles

In One Chart: As T-bill yields climb, Fed’s reverse repo facility shrinks to lowest level in 1½ years

Yields on Treasury bills are well above 5%, eclipsing the rate investors earn by parking cash at the Federal Reserve's reverse repo program.

Key Words: OpenAI’s Sam Altman tells Salesforce’s Marc Benioff that AI ‘hallucinations’ are more feature than bug

The public face of generative AI told the head of Salesforce Inc. on Tuesday said AI hallucinations are more a feature of the technology than a bug.

Key Words: Here’s what DoubleLine’s Jeffrey Gundlach thinks about Bill Gross’s ‘bond king’ slap down

Jeffrey Gundlach, CEO of DoubleLine Capital, shook off Bill Gross’s comments at the Future Proof conference that suggested he couldn’t wear the crown of “bond king.”

: House Freedom Caucus talks tough as government shutdown could hit in 2½ weeks

House Freedom Caucus members on Tuesday continuee to take a tough stance on a short-term spending bill that would prevent a partial government shutdown.

: BP CEO Bernard Looney resigns over relationships with colleagues

BP Chief Executive Bernard Looney has resigned due to what the company said were insufficient disclosures of past personal relationships with colleagues.

IPO Report: Iconic sandal maker Birkenstock files for U.S. IPO

German sandal maker and in-again fashion icon Birkenstock has filed for an initial public offering, according to a filing late Tuesday.

: Apple Watch 9 vs Google Pixel Watch and Samsung Galaxy Watch6

Here’s how the new Apple Watch compares with some of the rivals.

: CDC advisers recommend updated COVID shots for people 6 months of age and older

Newly approved Pfizer and Moderna vaccines to hit pharmacies for fall vaccination season.

: Apple event: iPhone 15, Apple Watch Series 9 and everything else on the way

Apple refreshed its iPhone and Apple Watch lineups, focusing on camera and processing improvements for the phones as well as new gesture controls for the watch

The Tell: S&P 500 sector correlations are low, a welcome sign for 2023 bull market, says DataTrek

U.S. stocks remain in a strong bull market despite recent choppiness, as the correlations between 11 S&P 500 sectors and the major index are sending some positive signs, according to DataTrek Research. 

: Apple to drop plastic packaging by end of next year, no leather cases for iPhone15

iPhone15 launch features green efforts, including a faster shift from plastic and leather. Analyst thinks Apple needs to be a bigger sustainability disruptor.

: UAW strike ‘seems inevitable,’ with effects on GM and Ford hinging on how long it might last

The market's best hope for the companies centers on a short strike offset by rising inventories.
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