Author: arthursheikin@gmail.com

[ad_1] New York CNN  —  Water beads have long been criticized for being dangerous, even fatal, for kids. Now two members of a government watchdog are tearing into a decision by the acting chair of the body to delay a final ruling on the toys. For years, the Consumer Product Safety Commission, which is responsible for issuing safety requirements and recalls of consumer products, has been stressing the danger of water beads. The agency said it is aware of a 10-month-old girl who died in 2023 related to swallowing water beads. The CPSC was scheduled to issue a final rule…

[ad_1] The Raleigh, a prominent condo and hotel project along the glitzy Miami Beach waterfront, could soon change hands after six years of stalled development.Two people with direct knowledge of sales discussions said Nahla Capital, a New York City based residential builder, has won a bidding process to purchase the property. One of those people said Nahla agreed to pay around $275 million for the project.They requested anonymity because the sales discussions are confidential.Real estate developer Michael Shvo. who acquired in the Art Deco district of Miami Beach in 2019 for roughly $243 million, is attempting to match Nahla’s offer…

[ad_1] Palmer Luckey, the founder of Anduril, the defense tech giant that makes weapons and military products, announced that it could produce American-made computers at the Reindustrialize Summit, a conference about modernizing American manufacturing, in Detroit on Thursday.”This is one of those things where I started talking to companies years ago about this,” Luckey said. “I think there’s a chance that it’s going to be Anduril.”Luckey added that Anduril has held conversations with “everyone you would need to have to do that,” including people “on the chip side, on the assembly side, on the manufacturing side.”Anduril doesn’t yet make computers,…

[ad_1] CNN  —  A federal judge on Thursday ruled the firing of US Federal Trade Commission member Rebecca Kelly Slaughter by President Donald Trump earlier this year was illegal. US District Judge Loren AliKhan said the Trump administration’s attempt to remove Slaughter did not comply with removal protections in federal law. “Because those protections remain constitutional, as they have for almost a century, Ms. Slaughter’s purported removal was unlawful and without legal effect,” AliKhan wrote. “As the Court recognized today, the law is clear, and I look forward to getting back to work,” said Slaughter in a statement. “The for-cause…

[ad_1] How can AI actually foster more human connection?That’s a question Menlo Ventures, a venture capital firm that’s invested in companies like Uber, Tumblr, and Anthropic, wants to answer.Connection is one of a handful of “white space opportunities” that Menlo Ventures is eyeing as fertile ground for new startups in consumer AI technology, according to the firm’s recent “The State of Consumer AI” report.Menlo Ventures and Morning Consult surveyed roughly 5,000 US-based adults in April about their feelings around AI and how they’ve used the tools within the past six months.”Today, usage is dominated by these generalist AI systems,” such…

[ad_1] A number of asset managers have struggled this week as Q2 earnings have proved less than fruitful. By scanning for stocks making new three-month highs, I was able to identify one asset manager that has diverged from the rest. The charts of Apollo Global Management (APO) feature strong trend characteristics, improving relative strength, and supportive volume readings. We’re inclined to assume this uptrend has much further to go. The daily chart of APO features an inverted head and shoulders bottom pattern, formed by a major low surrounded by a higher low on each side. The key to this classic chart…

[ad_1] CNN  —  Federal Reserve Chair Jerome Powell responded by letter Thursday to a senior Trump administration official who accused the head of the central bank of mismanaging an “ostentatious overhaul” of its Washington, DC, headquarters. Russell Vought, director of the Office of Management and Budget, suggested in a social media post last week that Powell had broken the law by failing to comply with government oversight regulations related to the Fed’s ongoing $2.5 billion renovation, which includes the historic marble Marriner S. Eccles Building on the National Mall. “The President is extremely troubled by your management of the Federal…

[ad_1] OpenAI is launching a new general purpose AI agent in ChatGPT which the company says can complete a wide variety of computer-based tasks on behalf of users. OpenAI says the agent can automatically navigate a user’s calendar, generate editable presentations and slideshows, and run code. The tool, called ChatGPT agent, combines several capabilities from OpenAI’s previous agentic tools, including Operator’s ability to click around on websites, as well as Deep Research’s ability to synthesize information from dozens of websites into a concise research report. OpenAI says users will be able to interact with the agent simply by prompting ChatGPT…

[ad_1] Wall Street is lovin’ McDonald’s newest menu item. Analysts at several firms have this week told clients that the return of the Snack Wrap — the fan favorite that was originally discontinued in 2016 — has been positive for the fast food giant. Investors hope the excitement around the product’s return will help boost sales in the new quarter and can provide a jolt for an underperforming stock. The third quarter “has gotten off to a strong start helped by the relaunch of Snack Wrap,” Evercore ISI analyst David Palmer wrote to clients in a Thursday note. U.S. same-store…

[ad_1] CNN  —  OpenAI on Thursday announced a new feature for ChatGPT that allows the popular chatbot to execute actions on a user’s behalf. It’s part of an industry-wide push to change the way people get things done on the Internet: Tech giants hope that instead of bouncing between apps and manually searching the web, users might be able to one day rely on agents to do it all. ChatGPT’s new agent mode, which begins rolling out immediately, is another sign that tech giants are doubling down on digital helpers that demonstrate significantly advanced capabilities. It also heightens the race…