Trump Delays Meeting with China’s Xi

Anthropic Warns Of 'Existential AI Risks To Humanity' In IPO Prospectus; OpenAI Scraps Release Of "Deceptive" Model Update (1010ET): Another day, another doom headline involving frontier AI labs. Yesterday, OpenAI announced that they would be scrapping the planned release of its next-gen AI model because of "deceptive" behavior. Today, we find out from a leaked prospectus ahead of Anthropic's $2T IPO that AI could pose "catastrophic or existential risks to humanity."  Anthropic CEO Dario Amodei"Our development of highly advanced models, platforms, and applications and expansion of use cases could further ⁠increase the risk that our models cause...

Trump Renews Threat Of Legal Action To New York Times Over Iran Coverage Authored by Owen Evans via The Epoch Times, U.S. President Donald Trump renewed his threat of legal action against The New York Times on June 21, accusing the newspaper of publishing "treasonous" coverage that downplayed the impact of the nearly four-month war with Iran. The New York Times Building in New York City on Feb. 5, 2024.Samira Bouaou/The Epoch Times "I will be adding all of their false and ridiculous reporting to my multi Billion Dollar lawsuit against them. They...

Core US Factory Orders Surged In March To Best YoY Growth Since Nov 2022 Headline Factory Orders rose 1.5% MoM in March (dramatically better than the 0.6% MoM expected) - the best since November. February's data was also revised higher. However, overall, orders were only up 2.1% YoY - the lowest since JUly 2025 Source: Bloomberg Core Factory Orders surge 1.6% MoM (also better than the 1.3% MoM expected) and up for the 5th straight month. That dragged the YoY growth in core orders up 4.09% YoY - the best since Nov...