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Alex Daniel

Alex Daniel

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OpenAI has restructured as a for-profit company

The shift resolves a year of uncertainty about how the company behind ChatGPT would raise the enormous sums needed to develop AI technology

yesterday 0

Quartz

Alex Daniel

PayPal to launch digital wallet feature inside ChatGPT, sending shares soaring 14%

Chief executive Alex Chriss said: “It’s hard to imagine that agentic commerce isn’t going to be a big part of the future” 

yesterday 10

Quartz

Alex Daniel

Jamie Dimon renews JPMorgan's return-to-office push as staff calls for hybrid work

Dimon doubled-down about a week after an internal petition calling for more flexibility reached 2,000 signatures

yesterday 1

Quartz

Alex Daniel

Amazon is cutting 14,000 corporate jobs in a big AI push

Bosses at the e-commerce and tech giant said they are "convicted that we need to be organized more leanly" to move quickly on AI

yesterday 0

Quartz

Alex Daniel

Stocks rise on hopes that the U.S. and China will strike a trade deal this week

U.S. and Chinese officials said they reached agreements on contentious points including export controls, fentanyl, rare earths, and shipping fees

previous day 9

Quartz

Alex Daniel

Striking Boeing workers rejected another offer as earnings loom

The strike by about 3,200 workers complicates matters for Boeing, which is trying to rebuild after a slew of scandals in recent years

previous day 9

Quartz

Alex Daniel

Bernie Madoff is still costing banks billions, as HSBC sets aside cash to cover legal costs

Madoff ran the world’s biggest Ponzi scheme, paying old investors with money from new ones rather than real profits

previous day 8

Quartz

Alex Daniel

Sam Altman wants to make ChatGPT an 'everything app.' He's made big promises before

The OpenAI boss has a pattern of walking back artificial general intelligence timelines, safety promises, and regulation

23.10.2025 4

Quartz

Alex Daniel

Missed car payments, GoFundMe for groceries, booming pawn shops, and more recession clues

The government shutdown has halted official data releases. These alternative signals could hint at the next downturn

22.10.2025 10

Quartz

Alex Daniel

Coca-Cola's growth is coming from prices. But demand is still flat

The world's largest soda maker saw flat sales volumes in North and Latin America and a decline in Asia Pacific in the third quarter

21.10.2025 2

Quartz

Alex Daniel

Walmart joins the Thanksgiving price wars with cheaper turkeys

Walmart is also launching a Thanksgiving meal bundle for less than $4 per person, as retailers target price-conscious shoppers

21.10.2025 2

Quartz

Alex Daniel

iPhone 17 sales are off to a strong start thanks to steady prices and trade-in deals

Sales across China and the U.S. were about 14% higher than the previous model over the first 10 days of availability

20.10.2025 3

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Alex Daniel

Trump has demands for China before trade talks

Trump and Chinese President Xi Jinping are set to meet later this month in South Korea. China is betting Trump will blink first in the trade war

20.10.2025 3

Quartz

Alex Daniel

Consumers are getting gloomier — just before the holidays

A majority of consumers polled by Deloitte said they think the economy will weaken over the next 12 months. Many are planning to spend less this year

15.10.2025 2

Quartz

Alex Daniel

Even fund managers say the AI stock boom is a bubble, BofA survey says

About 54% of fund managers polled by Bank of America said tech stocks were overvalued. Stocks have soared this year amid a flurry of AI announcements

14.10.2025 4

Quartz

Alex Daniel

Stocks swoon again as the U.S.-China trade war has markets on a rollercoaster

Beijing sanctioned American shipping units, after Treasury Secretary Scott Bessent said Beijing wants "to pull everybody else down with them"

14.10.2025 4

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Alex Daniel

General Motors counts the cost of faltering U.S. electric vehicle market with $1.6bn hit

Washington scrapped subsidies for EV buyers last month, and many U.S. manufacturers have been forced to pare back production plans.

14.10.2025 3

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Alex Daniel

Trump says 'don't worry about China' — and stocks surge

Major indexes had posted their worst one-day performance since the spring following a string of combative comments from Trump toward China

13.10.2025 10

Quartz

Alex Daniel

China is getting around U.S. chip export rules, lawmakers warn

Foreign chip makers sold to Chinese firms that U.S. firms were banned from supplying, lawmakers said, hindering efforts to curb Beijing’s progress

08.10.2025 3

Quartz

Alex Daniel

Bitcoin’s record high has investors predicting these key milestones are next

Standard Chartered sees the price pushing to $135,000 in the weeks ahead, with traders betting the rally has further to run this year.

07.10.2025 2

Quartz

Alex Daniel

Trump picks another company for the U.S. to invest in — and the stock soars 230%

A 10% stake in Trilogy Metals comes after the Trump administration took holdings in Intel, rare earth company MP Materials, and mining firm Lithium...

07.10.2025 30

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Alex Daniel

America’s latest recession warning is a brown cardboard box

Falling demand for cardboard boxes — long a proxy for consumer spending — is raising concerns over the U.S. economy

07.10.2025 10

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Alex Daniel

Tesla stock climbs on cryptic videos hinting at possible new car launch

The posts sparked speculation that Elon Musk’s company is preparing to unveil a long-promised entry-level vehicle, seen as key to boosting demand

06.10.2025 2

Quartz

Alex Daniel

OpenAI signs a multi-billion dollar chips deal with AMD — and the stock skyrockets 37%

It's the latest in a string of infrastructure deals for OpenAI, which has pledged roughly $1 trillion in the last two weeks to expand its computing...

06.10.2025 4

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Alex Daniel

‘The weekend is disappearing’ for Silicon Valley’s AI startup workers

Once outlawed in China, the grueling "996" workweek is gaining traction in San Francisco as startups race to ship AI products

02.10.2025 10

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Alex Daniel

Trump yanks his BLS pick, throwing the agency into further chaos

The president had nominated EJ Antoni last month, after removing Erika McEntarfer following employment numbers that showed the jobs market stalling

01.10.2025 4

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Alex Daniel

The AI boom will require $7 trillion in global investment, Brookfield says

Brookfield is one of the major players involved in the buildout of AI infrastructure such as data centers

01.10.2025 4

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Alex Daniel

Private sector sheds jobs, says ADP, as shutdown halts official data

With the government shutdown canceling the official jobs report, policymakers are turning to data from the private payroll firm

01.10.2025 4

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Alex Daniel

New York Fed president says tariffs haven't fueled inflation as much as feared

John Williams’ remarks came after Cleveland's Fed president warned inflation may stay elevated until 2027, highlighting divisions among policymakers

30.09.2025 3

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Alex Daniel

Markets brace for a government shutdown as stock futures and the dollar slip

The vice president warned of a likely shutdown after talks with Trump and congressional leaders failed to break a deadlock

30.09.2025 3

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Alex Daniel

OpenAI adds parental controls to ChatGPT after teen's death

The measures, including a "potential harm" notification system, follow a lawsuit by a U.S. family claiming ChatGPT played a role in their son's death

29.09.2025 3

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Alex Daniel

J.D. Vance is 'confident' that Trump’s TikTok deal will protect U.S. user data from China

The Trump administration insists the deal shifts TikTok’s U.S. operations to American control, though ByteDance would still retain a minority share

29.09.2025 10

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Alex Daniel

Don't expect inflation back at 2% for another 2 years, Cleveland Fed president says

Cleveland Fed President Beth Hammack said she doesn’t expect prices to retreat to the Fed’s target of 2% inflation until the end of 2027 or early 2028

29.09.2025 4

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Alex Daniel

'You’ve been workslopped': Study warns AI is wasting workers’ time

As companies push new tech into daily tasks, workers say useless, AI-crafted content is draining hours every time it lands on their desk.

24.09.2025 2

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Alex Daniel

Sam Altman on OpenAI’s rapid growth: 'People are worried. I totally get that'

The CEO’s comments come as OpenAI pushes ahead with $850 billion in data center plans that will demand vast amount of power

24.09.2025 3

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Alex Daniel

Trump threatens to sue Disney-owned ABC over Jimmy Kimmel's return to TV

The president wrote on Truth Social: 'Last time I went after them, they gave me $16 million dollars'.

24.09.2025 10

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Alex Daniel

Nvidia's deal with OpenAI sparks a chip stock rally

The surge came despite a warning from consultants at Bain & Co. that AI firms face an $800 billion revenue gap by 2030

23.09.2025 10

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Alex Daniel

Tylenol maker's stock bounces back after Trump baselessly links painkiller to autism

Trump's advice for pregnant women to avoid Tylenol alarmed doctors. A lack of scientific proof for his claims sent Kenvue's shares higher

23.09.2025 20

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Alex Daniel

Trump's H-1B visa changes are are 'anti-growth,' economists warn as corporate panic spreads

The president's new rules for the visas for high-skilled workers include hiking the fee to $100,000, about 60 times the previous cost

22.09.2025 8

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Alex Daniel

Donald Trump and Elon Musk reunite at Charlie Kirk memorial, sparking talk of truce

The two were seen shaking hands and having a short conversation at the Glendale, Arizona stadium, months after their public spat

22.09.2025 2

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Alex Daniel

Trump's TikTok deal is coming into focus

Larry Ellison, Rupert Murdoch, and Michael Dell will likely be part of the group taking over TikTok's U.S. arm

22.09.2025 10

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Alex Daniel

China is banning its top tech firms from buying Nvidia's AI chips, report says

The country's internet regulator reportedly told companies including ByteDance and Alibaba to stop buying the U.S.-made AI chips

17.09.2025 30

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Alex Daniel

Big Pharma flinches first over Trump tariffs as Eli Lilly and GSK promise U.S. investment

The pharma giants' multibillion spending promises come as drugmakers look to mitigate the threat of levies on imported medicines

17.09.2025 5

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Alex Daniel

Scott Bessent says Trump's willingness to shut down TikTok 'turned the tide' on deal talks

Beijing indicated that the U.S. version of TikTok may still use ByteDance’s algorithm after a framework deal was agreed between the two countries

16.09.2025 3

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Alex Daniel

Trump can't oust Lisa Cook from the Fed before today's key meeting, court rules

Trump's effort to fire Fed Governor Lisa Cook was halted shortly before his board nominee, Stephen Miran, won Senate confirmation

16.09.2025 3

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Alex Daniel

Tesla stock surges 6% after Elon Musk puts up $1 billion of his own cash

The purchase comes after Tesla directors proposed a 10-year pay package that could deliver Musk as much as $1 trillion in stock

15.09.2025 20

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Alex Daniel

U.S.-China trade talks edge closer on TikTok while Beijing rules against Nvidia

Scott Bessent said TikTok talks are “very close” in Madrid, while China issued an antitrust ruling against Nvidia at the same time

15.09.2025 3

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Alex Daniel

Trump makes a fresh push to oust Fed Governor Lisa Cook before the central bank meets this week

A new legal filing came as new documents showed Cook labeled her Atlanta condo a second home, undercutting Trump's fraud claims

15.09.2025 20

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Alex Daniel

Klarna stock surges 30% on Wall Street debut as IPO wave kicks off

Klarna’s stock market debut signals renewed momentum for IPOs as fintech companies look to win over cautious investors

10.09.2025 4

Quartz

Alex Daniel

Borrowers rush in as mortgage rates hit lowest level in nearly a year

Lower rates are offering relief to borrowers, but high living costs and Fed uncertainty continue to weigh on households.

10.09.2025 4

Quartz

Alex Daniel