Author: arthursheikin@gmail.com

[ad_1] A version of this story appeared in CNN Business’ Nightcap newsletter. To get it in your inbox, sign up for free here. New York CNN  —  Last July, Donald Trump made a campaign stop that served as his crypto coming out party. Trump, a guy who has an aide follow him around with a portable printer so he can read the internet, got onstage at the Bitcoin Conference in Nashville and promised the moon to a crowd of extremely online crypto-Libertarians. “Oh, you’re going to be very happy with me,” he said, before vowing to make America the “crypto…

[ad_1] CNN  —  A three-judge panel at the US Court of International Trade, a relatively low-profile court in Manhattan, ruled Wednesday to stop Trump’s global tariffs that he imposed citing emergency economic powers, including his “Liberation Day” tariffs imposed on April 2. It also prevents Trump from enforcing his tariffs placed earlier this year against China, Mexico and Canada, designed to combat fentanyl coming into the United States. The court ruled in favor of a permanent injunction, grinding Trump’s global tariffs to a halt before “deals” with most other trading partners have even been reached. That means the bulk –…

[ad_1] CNN  —  A group of Tesla investors is urging Elon Musk to commit at least 40 hours a week to running the electric vehicle company, arguing his undivided attention is needed to repair Tesla’s faltering sales and stock price volatility. “Mr. Musk’s outside endeavors appear to have diverted his time and attention from actively managing Tesla’s operations, as any other chief executive officer of a publicly traded company would be expected to do,” said a letter obtained by CNN Wednesday from the group of shareholders, who collectivley hold approximately 7.9 million shares of Tesla. Tesla currently has over 3…

[ad_1] With earnings season mostly in the rearview mirror, certain names stand out as winners moving forward, according to Jefferies. The firm recently highlighted several buy-rated stocks of companies that beat on earnings and issued solid guidance. It also favors domestic names over foreign, although international stocks are currently outperforming those in the United States. The iShares MSCI All Country World Index ex U.S. ETF (ACWX) has gained about 14% in 2025, while the S & P 500 is fractionally higher so far this year. However, domestically-oriented names are cheap on an absolute basis, as well as relative to names…

[ad_1] DeepSeek has gone viral. Chinese AI lab DeepSeek broke into the mainstream consciousness this week after its chatbot app rose to the top of the Apple App Store charts (and Google Play, as well). DeepSeek’s AI models, which were trained using compute-efficient techniques, have led Wall Street analysts — and technologists — to question whether the U.S. can maintain its lead in the AI race and whether the demand for AI chips will sustain. But where did DeepSeek come from, and how did it rise to international fame so quickly? DeepSeek’s trader origins DeepSeek is backed by High-Flyer Capital Management, a Chinese quantitative hedge…

[ad_1] Chinese startup DeepSeek has released an updated version of its R1 reasoning AI model on the developer platform Hugging Face after announcing it in a WeChat message Wednesday morning. The updated R1, which is under a permissive MIT license, meaning it can be used commercially, is a “minor” upgrade, according to DeepSeek’s WeChat announcement. The Hugging Face repository doesn’t contain a description of the model — only configuration files and weights, the internal components of a model that guide its behavior. Weighing in at 685 billion parameters in size, the updated R1 is quite hefty. (“Parameters” is synonymous with “weights.”) Without…

[ad_1] This article is part of Creative Ventures, a series about business success rooted in creativity.The luxury home design and fragrance brand L’Objet boasts an elegant boutique on New York City’s Madison Avenue. The space, bathed in earthy hues, harmoniously blends handcrafted housewares, decorative items, and scents from the company’s various collections.For two decades, L’Objet’s founder and creative director, Elad Yifrach, has sustained the business on craftsmanship and creativity. In celebration of its 20th anniversary, the brand recently released a collection of nature-inspired objets (“objects” in French), including a gold-plated ladybug bottle opener and a glazed porcelain bowl designed to…

[ad_1] After spending the day promoting his company’s AI technology at a developer’s conference, Anthropic CEO issued a warning: AI may eliminate 50% of entry level white-collar jobs in the next one to five years.”We, as the producers of this technology, have a duty and an obligation to be honest about what is coming,” Dario Amodei told Axios in an interview published Wednesday. “I don’t think this is on people’s radar.”The 42-year-old CEO added that unemployment could spike between 10% and 20% in the next one to five years. He told Axios he wanted to share his concerns to get the government…

[ad_1] The S & P 500 has displayed three key characteristics over the last few weeks, which it will need to replicate for this rally to continue: strong breadth, low two-way volatility, and successful bullish patterns. Strong breadth Tuesday’s trading session couldn’t have gone much better for stock market bulls — as the early positive response to news produced an opening upside gap, which then was bought throughout the day. That resulted in a close near the highs and breadth that surpassed +90%. It was the S & P 500’s fourth 90% breadth day since the April 7 low (vs. two 90%…

[ad_1] Odyssey, a startup founded by self-driving pioneers Oliver Cameron and Jeff Hawke, has developed an AI model that lets users “interact” with streaming video. Available on the web in an “early demo,” the model generates and streams video frames every 40 milliseconds. Via basic controls, viewers can explore areas within a video, similar to a 3D-rendered video game. “Given the current state of the world, an incoming action, and a history of states and actions, the model attempts to predict the next state of the world,” explains Odyssey in a blog post. “Powering this is a new world model,…