Author: arthursheikin@gmail.com

[ad_1] JPMorgan added PTC Therapeutics to its list of favorite stocks as the new month gets under way. Every month, the bank refreshes its analyst focus list, which includes the top ideas from JPMorgan analysts aligned with growth, income, value and short investment strategies. The bank’s changes come after stocks notched a solid performance in August , which is a historically weak month for the major benchmarks. Lifting investors’ spirits heading into September is optimism that the Federal Reserve will finally begin to cut rates at its meeting this month. The CME FedWatch tool shows the market has now priced…

[ad_1] The CEO of McDonald’s says restaurants that rely on tips are letting diners pick up the bill when it comes to paying their employees.Speaking on CNBC Tuesday morning, McDonald’s CEO Chris Kempczinski was asked how the fast-food chain would be affected by the “no tax on tips” provision of the Big Beautiful Bill, which President Donald Trump signed into law in July.Proponents of the change say that it will lower taxes for a variety of employees, including restaurant servers.At McDonald’s, workers don’t take tips, Kempczinski said, meaning that the chain’s workers won’t see a change. “We don’t get the…

[ad_1] Elon Musk doesn’t want Tesla to be just an automaker. He wants Tesla to be an AI company, one that’s figured out how to make cars drive themselves.  Crucial to that mission was Dojo, a custom-built supercomputer designed by Tesla to train its Full Self-Driving (FSD) neural networks. FSD isn’t actually fully self-driving; it can perform some automated driving tasks, but still requires an attentive human behind the wheel. But Tesla thinks with more data, more compute power and more training, it can cross the threshold from almost self-driving to full self-driving.  And that’s where Dojo was supposed to…

[ad_1] AI firm Anthropic has raised a $13 billion Series F round that brings its post-money valuation up to $183 billion – funds the company says will be used to grow its enterprise adoption, deepen safety research, and support international expansion.  Iconiq co-led the round with Fidelity Management & Research Company and Lightspeed Venture Partners, according to the company’s blog post. Other backers include a string of institutional investors, VCs, sovereign wealth funds, private equity, and asset managers, such as Altimeter, Baillie Gifford, BlackRock, Blackstone, Coatue, D1 Capital Partners, Insight Partners, Ontario Teachers’ Pension Plan, Qatar Investment Authority, and more.…

[ad_1] Web publishing platform WordPress is introducing an early version of an AI development tool, which WordPress co-founder and Automattic CEO Matt Mullenweg described as a “V0 or Lovable, but specifically for WordPress” — V0 and Lovable being references to popular “vibe coding” services for building software using prompt-based, AI interfaces. Mullenweg introduced the new WordPress AI tool, called Telex, at the WordCamp US 2025 conference in Portland last week, alongside other AI experiments. During his keynote address, Mullenweg briefly demonstrated how Telex would allow users to create Gutenberg blocks — or the modular bits of text, images, columns, and…

[ad_1] For years, Elon Musk has spoken of the promise of Dojo, the AI supercomputer that was supposed to be the cornerstone of Tesla’s AI ambitions. It was important enough to Musk that in July 2024, he said the company’s AI team would “double down” on Dojo in the lead-up to Tesla’s robotaxi reveal, which happened in October.   After six years of hype, Tesla decided last month to shut down Dojo and disband the team behind the supercomputer in August 2025. Within weeks of projecting that Dojo 2, Tesla’s second supercluster that was meant to be built on the company’s…

[ad_1] Everyone says artificial intelligence will change the way we work. But on Wall Street, where investment banking jobs range from high-touch dealmaking to split-second trading, what will that actually look like? And who’s most at risk?Each role in financial services will be impacted differently as AI spreads through the industry, a process that’s well underway. JPMorgan and Citi have rolled out in-depth AI strategies; Goldman Sachs has made its AI chatbot sidekick available firmwide.Business Insider spoke to Sumeet Chabria, a former Bank of America executive turned founder of consultancy ThoughtLinks, whose firm recently produced a report forecasting precisely which…

[ad_1] (This is The Best Stocks in the Market , brought to you by Josh Brown and Sean Russo of Ritholtz Wealth Management.) Josh — The interest rate on the benchmark 30-year fixed mortgage rate has come down in 9 of the last 12 weeks and regional banks are starting to break through like the Kool-Aid Man. Oh yeah! Over the weekend, the Wall Street Journal took a look at the number of homeowners who could now benefit from a refinancing given that this benchmark rate has fallen to 6.56%. The Journal says , “More than two million owners could…

[ad_1] Klarna employees, including engineers and people in marketing, are being told their jobs are no longer needed and reassigned to customer support, after its CEO acknowledged that earlier AI-driven cost-cutting went too far.Founded in 2005, the buy-now, pay-later firm plans to IPO soon, seeking to raise up to $1.27 billion, according to an SEC filing on Tuesday. As Klarna prepares to go public, the firm has recently been informing staff that their roles are no longer required, redirecting them into customer support positions via an internal talent pool, according to three current employees who spoke on condition of anonymity…

[ad_1] OpenAI said Tuesday it plans to route sensitive conversations to reasoning models like GPT-5 and roll out parental controls within the next month — part of an ongoing response to recent safety incidents involving ChatGPT failing to detect mental distress. The new guardrails come in the aftermath of the suicide of teenager Adam Raine, who discussed self-harm and plans to end his life with ChatGPT, which even supplied him with information about specific suicide methods. Raine’s parents have filed a wrongful death lawsuit against OpenAI.  In a blog post last week, OpenAI acknowledged shortcomings in its safety systems, including…