Business

Elon Musk escalated tensions in the critical artificial intelligence race Thursday, asserting his most advanced AI model, Grok 4 Heavy, was already outperforming OpenAI’s newly launched GPT-5 two weeks ago."Bottom line though: Grok 4 Heavy was smarter 2 weeks ago than GPT5 is now and G4H is already a lot better," the Tesla and SpaceX CEO posted to X Thursday. "Let that sink in." Musk posted hours after OpenAI unveiled GPT-5, […]

President Trump’s message to global chipmakers is: Manufacture in the United States, and you won’t be slapped with a hefty tariff. "We'll be putting a tariff on approximately 100% on chips and semiconductors. But if you're building in the United States of America, there's no charge, even though you're building, and you're not producing yet in terms of the big numbers of jobs and all of the things that you're building. […]

EXCLUSIVE: A coalition of state financial officers is backing President Donald Trump's new executive order aimed at halting "discriminatory debanking," calling it a critical step toward restoring fairness and neutrality in the financial system."For too long, federal regulators have weaponized the concept of ‘reputational risk’ to pressure financial institutions into cutting ties with individuals and organizations they find politically or ideologically objectionable," the 31 financial officers wrote in a joint […]

Skydance Media and Paramount Global announced the completion of their long-planned, $8 billion merger on Thursday as the Federal Communication Commission (FCC) continues to probe CBS News. The new company is dubbed "Paramount, a Skydance Corporation," which is the parent company to a variety of media and entertainment assets, including CBS, Comedy Central, MTV, Paramount Plus and an iconic movie studio. The FCC last month approved the high-stakes merger that puts the new […]

OpenAI unveiled GPT-5 on Thursday, calling it a significant upgrade from its predecessors and a major step forward in building the capabilities of large language models. OpenAI CEO Sam Altman described the model as "like having a team of PhD-level experts in your pocket." Altman also believes that GPT‑5 marks a major step to achieving artificial general intelligence (AGI). AGI refers to the hypothetical intelligence of a machine that has the ability […]

The weaker-than-expected July jobs report and large downward revisions to the prior two months' job gains could signal that the U.S. economy is at a turning point, as Federal Reserve policymakers continue to monitor economic conditions and weigh interest rate cuts.Fed Governor Lisa Cook spoke on a panel with Boston Fed President Susan Collins at the Boston Fed. Cook said that the report was "concerning" as it could signal the U.S. […]

The ESPN-NFL deal reportedly faces a major roadblock from the United States Department of Justice (DOJ).The sides agreed to a deal, formally announced Tuesday, in which ESPN will acquire NFL Network and other media assets, including NFL RedZone, from the National Football League in exchange for the league taking a 10% equity stake in the all-sports network as part of a landmark agreement.However, the DOJ is expected to conduct a […]

President Donald Trump called on Intel CEO Lip-Bu Tan to step down immediately on Thursday after Senate Republicans raised concerns over his links to Chinese companies and a criminal case involving his former company."The CEO of INTEL is highly CONFLICTED and must resign, immediately. There is no other solution to this problem. Thank you for your attention to this problem!" Trump posted on Truth Social.His post came shortly after U.S. […]

United Airlines temporarily grounded all of its mainline flights Wednesday evening due to a technical issue, the airline said.Mainline flights are operated directly by United, using its own aircraft and crew. These typically include Boeing 737, 757, 767, 777, and 787 jets, as well as Airbus A319 and A320 models. "Due to a technology issue, we are holding United mainline flights at their departure airports," a spokesperson told FOX Business. "We […]