VCV | Visual China Group | Getty ImagesGoogle on Wednesday added a Chief AI Architect to its leadership ranks as the company continues to prioritize artificial intelligence and add the technology to more of its products.The company tapped Koray Kavukcuoglu, Google DeepMind’s chief technology officer, for the new senior vice president position, the company confirmed Wednesday. Kavukcuoglu will report directly to Google CEO Sundar Pichai. Semafor first reported the executive change.Kavukcuoglu will help with product strategy and “accelerate how we bring our world-leading models into our products, with the goal of more seamless integration, faster iteration, and greater efficiency,” Sundar…
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Crude oil storage tanks at the Juaymah Tank Farm in Saudi Aramco’s Ras Tanura oil refinery and oil terminal in Saudi Arabia, in 2018.Simon Dawson | Bloomberg | Getty ImagesU.S. crude oil futures rose more than 4% Wednesday on escalating tensions in the Middle East.Brent crude futures rose $2.90, or 4.34%, to close at $69.77 barrel. U.S. West Texas Intermediate crude gained $3.17, or 4.88%, to settle at $68.15.The U.S. is preparing a partial evacuation of its embassy in Iraq due to heightened security risks in the region, sources told Reuters. The U.S. military has authorized the “voluntary departure” of troops’ dependents from…
Under normal circumstances, moderating inflation and a weakening labor market would make an easy case for interest rate cuts. But these aren’t normal times, and a scattering of headwinds on the horizon have made Federal Reserve officials leery of easing monetary policy for fear that the inflation fight isn’t over. That sentiment is setting up an intensifying conflict between the White House and the central bank that could result in President Donald Trump taking the unusual step of naming a “shadow” chair whose responsibility it would be to watch over the Fed and Chair Jerome Powell until a permanent chief…
The American ambassador to Israel has said that it should be up to “Muslim countries” to build a Palestinian state on their territory instead of in the areas that much of the world recognizes as Palestinian lands.If the statements by Ambassador Mike Huckabee are confirmed as representing the U.S. administration’s position, it would be a sharp shift away from decades of American foreign policy on the Israel-Palestinian conflict. A State Department spokeswoman downplayed his remarks.“Muslim countries have 644 times the amount of land that are controlled by Israel,” Mr. Huckabee said in an videotaped interview with the BBC. “So maybe,…
David Paul Morris/Bloomberg via Getty ImagesThe annual inflation rate increased slightly in May as an uptick in grocery inflation somewhat offset lower prices at the gasoline pump.And while inflation was relatively tame, economists said they expect President Trump’s tariff policy to raise consumer prices in coming months — and that there was already some evidence of their impact.The consumer price index, an inflation barometer, rose 2.4% in the 12 months through May, up from 2.3% in April, the Bureau of Labor Statistics said Wednesday.’Calm before the inflation storm’That increase to the annual inflation rate was largely due to a data…
Wall Street analysts are optimistic heading into Oracle’s earnings release Wednesday after the bell. The cloud company is expected to earn $1.64 per share on revenue of $15.59 billion, LSEG said. Shares of the tech company have gained more than 7% this year. However, the highest price target on the Street suggests the stock could rise 13% from Tuesday’s close of $177.48. Most analysts have pointed to its Oracle Cloud Infrastructure, or OCI, business as a key asset in its portfolio. Strong bookings from OCI customers could continue to boost the company’s fundamentals. Here’s what analysts had to say heading…
Out of a universe of more than 10,000 tradable names, a strict technical screen we run at CappThesis recently surfaced just six stocks worth a closer look. One of them is Royalty Pharma (RPRX) , and we think the chart deserves our attention right now. There are four key reasons why RPRX stands out: 1. A bullish inverse head-and-shoulders pattern is nearing completion The first — and most importantly from our perspective — is a bullish inverse head-and-shoulders pattern has taken shape over the past several months. These patterns can mark a trend reversal or continuation of a trend. This…
Musician Brian Wilson performs at Roadside Attraction’s “Love and Mercy” DVD release and music celebration with Brian Wilson at the Vibrato Jazz Club on October 12, 2015 in Los Angeles, California. Kevin Winter | Getty ImagesBrian Wilson, the musical visionary who captured the optimism of early 1960s youth culture as leader of the Beach Boys and crafted some of the most stylistically adventurous pop music of the era with the seminal album “Pet Sounds,” has died, his family confirmed Wednesday.He was 82. His family did not immediately specify a cause of death.”We are heartbroken to announce that our beloved father…
Jamie Dimon, chief executive officer of JPMorgan Chase & Co., during a Bloomberg Television interview at the JPMorgan Chase & Co. Capital Markets conference in Paris, France, on Thursday, May 15, 2025. Cyril Marcilhacy | Bloomberg | Getty ImagesThe impacts of the pandemic-era government spending and monetary policy that helped support the U.S. economy have faded, and that makes the country vulnerable to a downturn in the coming months, according to JPMorgan Chase CEO Jamie Dimon.”I think there’s a chance real numbers will deteriorate soon,” Dimon said at a Morgan Stanley conference on Tuesday, according to a transcript from FactSet.The…
Check out the companies making the biggest moves midday: Oklo — The advanced reactor company surged more than 25% after receiving a notice that it will likely win an award to power an Air Force base. Oklo would deploy one of its Aurora powerhouse plants at Eielson Air Force Base in Alaska. The award is not finalized and Oklo’s reactor design has not been approved by the Nuclear Regulatory Commission yet. GameStop — Shares slipped nearly 5% after GameStop posted first-quarter revenue of $732.4 million, down from the $881.8 million figure seen in the same period a year prior. Bread…
