BUSINESS NEWS
- Nvidia-backed Reflection AI unveils its first open model, Beam. Could it be America’s best chance to compete with China?
by Emily Forlini on October 5, 2026 at 7:00 pmThe New York-based company already has deals with several U.S. government agencies, and billion-dollar compute agreements.
- Taxpayers are still paying $1.6 million a week to keep 420 radio staffers out of work
by Joshua Hong on October 5, 2026 at 6:30 pmThe United States Agency for Global Media can’t document 99% of the gear from Voice of America that it dumped in 2025.
- Amazon’s answer to data center backlash: $1 billion for community college and home energy upgrades
by Mia Osmonbekov on October 5, 2026 at 5:46 pmThe company said it will also pay for job training and energy-efficiency upgrades as hyperscalers face community backlash over data centers.
- NYSE owner and crypto exchange OKX seek SEC clearance for tokenized U.S. stock trading
by Camila Grigera Naón on October 5, 2026 at 5:24 pmOKXICE’s move comes three months after former New York Gov. Andrew Cuomo became its cochair.
- U.S. shale executives have no idea when the oil market will go off a cliff
by Jason Ma on October 5, 2026 at 4:36 pmWhile more than half see substantial margin remaining, one-third of oil executives think the SPR is already below or nearly at tank bottoms.
- Just a few years into working, Gen Z is already the most anxious generation about AI derailing their retirement—51% fear it will cut their nest egg
by Preston Fore on October 5, 2026 at 3:18 pmAs AI disrupts career paths, Gen Z is already far more worried than millennials or Gen Xers about having enough money for their golden years of retirement.
- Workers feared AI would kill jobs. Instead, it could boost their paychecks: 72% of employers say they’ll pay more for AI skills
by Emma Burleigh on October 5, 2026 at 2:58 pmAccording to Robert Half, 72% of bosses will boost pay for recruits with AI skills, and job-seekers in Silicon Valley have the best odds of earning more.
- Persian Gulf oil flows return to prewar levels, but Iran could resort to a ‘scorched earth campaign’ as U.S. deploys more ships and Marines to Mideast
by Jason Ma on October 4, 2026 at 8:03 pm“That is what everyone who actually follows this region and its dynamics is worried about.”
- Even ‘Bond King’ Bill Gross warns ‘Don’t own bonds’ as long-term debt enters a new era of volatility
by Jason Ma on October 4, 2026 at 5:34 pm“Be prepared for the end of ‘what you are used to’ stock markets and higher volatility in prices for the benchmark 10-year Treasury bonds.”
- Iran’s currency is getting obliterated as the regime is about to run out of oil to sell and can’t even get its money from customers
by Jason Ma on October 3, 2026 at 9:40 pm“We can’t even get our own money out of a country to which we’ve supplied goods, let alone using those funds to pay someone else in another corner of the world.”