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Cris Tolomia

Cris Tolomia

Quartz

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Google DeepMind's Demis Hassabis is pushing for a U.S.-led AI watchdog

Demis Hassabis proposed a public-private watchdog that would screen frontier AI models before U.S. deployment, funded by the industry

yesterday 1

Quartz

Cris Tolomia

Investor warns that hidden AI overspending inside companies is about to hit earnings

Venture capitalist Chamath Palihapitiya says CEOs and CFOs have no idea how much AI token spending is accumulating inside their companies

yesterday 1

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Cris Tolomia

Boeing's first-half jet deliveries hit an 8-year high as 737 production ramps up

The U.S. planemaker handed over 314 commercial aircraft through June, a 12% increase over the same period last year

yesterday 1

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Cris Tolomia

Apple is in talks with a startup that squeezes powerful AI models onto an iPhone

PrismML says it compressed a 27-billion-parameter model from 54GB to under 4GB, letting it run on an iPhone 15 or newer

yesterday 1

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Cris Tolomia

20 ways the human body is stranger than most people realize

From skeletons that rebuild themselves to nostrils that work in shifts, the body runs on hidden systems far odder than its calm surface suggests

yesterday 2

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Cris Tolomia

New York is halting large data center construction in the U.S.'s first statewide ban

Gov. Kathy Hochul signed an executive order Tuesday halting permits for data centers using 50 megawatts or more for up to one year

yesterday 0

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Cris Tolomia

20 court cases that changed how the law works

Marbury v. Madison to Mabo, these landmark rulings rewrote the rules of citizenship, speech, privacy and power across the U.S. and beyond

yesterday 0

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Cris Tolomia

Citigroup's profit surged as record stock-trading revenue beat every analyst estimate

Net income rose to $5.8 billion, or $3.15 per share, topping all 20 analyst estimates as equities trading revenue climbed 45%

yesterday 2

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Cris Tolomia

15 languages that are dying — and what will be lost when they go

From Siberian reindeer camps to the Kalahari, these 15 endangered languages carry knowledge, history and ways of seeing the world that no dictionary...

yesterday 2

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Cris Tolomia

Frontier Airlines is finally getting in-flight Wi-Fi through a deal with Starlink

The budget carrier and four other Indigo Partners airlines plan to install Starlink on more than 1,000 aircraft combined

yesterday 3

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Cris Tolomia

Chipotle is bringing its Mexican-inspired food to Mexico for the first time

The fast casual chain is launching in the Monterrey area in partnership with Alsea, with plans to expand into Mexico City in 2027

yesterday 2

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Cris Tolomia

CPI beat expectations. IBM crashed 22%. Oil surged. The S&P is barely up

June CPI came in at 3.5% annually, below the 3.8% economists expected, but rising oil prices and an IBM warning capped gains

yesterday 3

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Cris Tolomia

Fed chair Kevin Warsh promises to defeat five years of elevated inflation in Congress debut

Warsh held rates steady at 3.5%–3.75% at his first FOMC meeting and outlined 5 task forces to review Fed operations

yesterday 4

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Cris Tolomia

Inflation just dropped from 4.2% to 3.5%. Oil prices did that — for now

The monthly decline was the largest since April 2020, but rising oil prices in July could reverse the trend

yesterday 3

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Cris Tolomia

Q32 Bio stock soared after its alopecia drug cleared a key clinical bar

The biotech's Phase 2a study of bempikibart showed a 35.3% mean reduction in hair loss scores, with the company planning a registration-directed...

yesterday 2

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Cris Tolomia

U.S. small business owners grew more optimistic in June but inflation worries are climbing

The NFIB's optimism index rose to 97.4 in June, nearing its 52-year average, as 21% of owners named inflation their top business problem

yesterday 2

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Cris Tolomia

New frozen blended Energy Refreshers available at Starbucks for the summer starting today

The chain is rolling out 4 frozen blended drinks today, including a new Passionfruit Guava flavor available for a limited time

yesterday 3

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Cris Tolomia

15 languages that are dying — and what will be lost when they go

From Siberian reindeer camps to the Kalahari, these 15 endangered languages carry knowledge, history and ways of seeing the world that no dictionary...

yesterday 2

Quartz

Cris Tolomia

JPMorgan Chase posted a record profit as stock-trading revenue surged

Equity Markets revenue jumped 86% to $6 billion, while investment banking fees climbed 30% to their highest level since 2021

yesterday 3

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Cris Tolomia

Goldman Sachs smashed profit expectations as dealmaking and equities trading hit records

The bank's equities unit brought in $7.42 billion, its third consecutive all-time record, while investment banking fees climbed 55%

yesterday 3

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Cris Tolomia

U.S. tariff refunds surged to nearly $50 billion in June, outpacing new revenue

The Treasury paid out more than twice what it collected in customs duties last month, deepening the fiscal cost of the Supreme Court's tariff ruling

yesterday 1

Quartz

Cris Tolomia

Warren Buffett dropped the Gates Foundation from his annual Berkshire donation over Epstein concerns

Buffett directed 12 million Class B shares to four family-linked foundations, ending roughly two decades of annual gifts to the Gates Foundation

yesterday 2

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Cris Tolomia

Wells Fargo's profit surged past expectations on wealth and investment banking gains

The bank earned $2.00 per share in the second quarter, topping analyst expectations of $1.72 per share

yesterday 2

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Cris Tolomia

Oil prices are surging to a one-month high as the U.S. reinstates its Iran blockade

Brent crude rose above $87 a barrel on Tuesday as fresh U.S.-Iran strikes and tanker attacks stoked fears over Hormuz supply flows

yesterday 2

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Cris Tolomia

Oil's biggest one-day gain since 2020. IBM missed earnings. CPI drops at 8:30. Warsh testifies today. It's a busy Tuesday

Stock futures pointed in different directions Tuesday as rising energy prices, bank earnings, and key inflation data competed for investor attention

yesterday 2

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Cris Tolomia

Bank of America's profit soared as stock traders hit a record and dealmakers rebounded

The bank's equities trading revenue jumped 70% to $3.6 billion, a record, while investment banking fees climbed 50% from a year earlier

yesterday 1

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Cris Tolomia

IBM stock plunged after the company warned its revenue fell short of expectations

IBM reported preliminary Q2 revenue of $17.2 billion, well below analyst expectations, as large deals failed to close on time

yesterday 1

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Cris Tolomia

20 things the financial industry doesn't want you to know

From hidden fund fees to the fine print in your card agreement, these are the industry practices that profit from what customers never think to...

previous day 2

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Cris Tolomia

Trump declares the U.S. the 'Guardian of the Strait of Hormuz.' Iran says no

Iran declared the strait closed and vowed to block American interference as fresh U.S. strikes hit dozens of targets

previous day 2

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Cris Tolomia

Oil surges and stocks sink as Trump reinstates the Iran blockade

Trump's announcement followed a weekend of renewed strikes between the U.S. and Iran, and came as tanker traffic through the Strait of Hormuz has...

previous day 1

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Cris Tolomia

15 things plants do that most people assume only animals can do

Plants have no brain or nerves, yet they count prey, call for bodyguards, warn their relatives, and make their own heat — here is how they pull it off

previous day 1

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Cris Tolomia

Twelve states sued to block Paramount's $110 billion Warner Bros. merger

California led the multistate antitrust challenge, alleging the deal would raise prices and reduce competition in film distribution and cable TV

previous day 0

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Cris Tolomia

15 letters that changed history

From a smuggled telegram to a jailhouse manifesto, these 15 pieces of correspondence started wars, ended crises, and redrew maps across two millennia

previous day 2

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Cris Tolomia

20 ideas that were considered radical when proposed and are now completely mainstream

From handwashing to the weekend to same-sex marriage, these once-mocked or banned ideas crossed the line from heresy into the ordinary defaults we...

previous day 2

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Cris Tolomia

TSMC is adding two chip packaging plants to its growing hub in southern Taiwan

A groundbreaking ceremony marked the start of Phase II at the Chiayi Science Park, which is expected to produce $9.35 billion in annual output

previous day 3

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Cris Tolomia

Chick-fil-A is reviving Cow Appreciation Day and giving away free chicken for the first time in seven years

Customers who dress like a cow can claim a free entrée at participating locations Tuesday from 7 a.m. to 7 p.m.

previous day 2

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Cris Tolomia

Intel is pouring $5.7 billion into its Irish chip factories to meet AI demand

The €5 billion capital program, which began earlier this year, will upgrade facilities and add several hundred jobs at the Leixlip site

previous day 2

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Cris Tolomia

Economists are coming around to the idea that AI really is killing jobs

The statement, signed by 16 Nobel laureates, marks a shift among economists who once greeted such warnings with skepticism

previous day 2

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Cris Tolomia

Volkswagen's CEO is warning of 50,000 more job cuts, bringing the total to 100,000

Oliver Blume cited a 20% cost disadvantage versus rivals as labor representatives blocked a restructuring plan at the supervisory board

previous day 1

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Cris Tolomia

Shein wins China's approval for a Hong Kong IPO targeting a $40 billion valuation

The fast-fashion retailer is scheduled for a stock exchange hearing Thursday and could list as early as the third quarter of 2026

previous day 3

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Cris Tolomia

Musk and Altman are trading barbs on X as Apple's OpenAI lawsuit heats up their rivalry

Elon Musk called Sam Altman "Scam Altman" after Apple sued OpenAI for trade secret theft; Altman fired back over SpaceX's space datacenter plans

previous day 3

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Cris Tolomia

TSMC's June revenue surged nearly 68%, beating its own second-quarter forecast

The chipmaker's June sales hit a record NT$442.68 billion, pushing second-quarter revenue above the top end of its own guidance

previous day 2

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Cris Tolomia

Meta is more than doubling its Louisiana AI data center to 5 gigawatts and $50 billion

The Hyperion supercluster in Richland Parish is nearly double its prior $27 billion price tag and more than double its original 2-gigawatt capacity

previous day 1

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Cris Tolomia

Kalshi is launching a pro trading terminal for its most active prediction market traders

Kalshi Pro, now in public beta, is designed for traders who work across multiple markets simultaneously or need resting order support

previous day 3

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Cris Tolomia

SK Hynix's CEO warned the memory chip shortage will get worse before it gets better

CEO Kwak Noh-jung says customer demand will outstrip the company's production capacity well beyond 2030

previous day 0

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Cris Tolomia

Meta pulled its new AI image tool from Instagram after users and Hollywood pushed back

The feature let users generate images referencing public Instagram accounts without notifying or getting consent from those account holders

previous day 1

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Cris Tolomia

SK Hynix stock plunged over 15% in Seoul the day after its blockbuster Nasdaq debut

The Seoul selloff wiped SK Hynix's market cap below $875 billion and sent South Korea's Kospi index down 9%

previous day 1

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Cris Tolomia

Iran closed the Strait over the weekend. South Korea's market fell 9%. SK Hynix lost its IPO gains in one day. Wall Street braces for bank earnings and CPI

SK Hynix stock lost its entire Nasdaq debut gain in Seoul; Wall Street braces for bank earnings and CPI data on Tuesday

previous day 1

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Cris Tolomia

Meta launched AI models to compete with OpenAI and Anthropic. The stock erased a year's worth of losses

Meta launched Muse Image and Muse Spark 1.1 this week while revealing plans to manufacture its first in-house AI chip in September

10.07.2026 3

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Cris Tolomia

Trump won't sign a bipartisan housing bill. It's becoming law anyway

The president announced he will not sign the 21st Century ROAD to Housing Act, citing Senate Republicans' failure to pass an unrelated election bill

10.07.2026 4

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Cris Tolomia