Netanyahu Frames Israel as Aggressors as IDF Continues to Kill Lebanese Paramedics

Pentagon Picks OpenAI To Replace Anthropic Update (2345ET): Sam Altman on Friday night announced that OpenAI and Department of War have struck a deal in which the DoW will be able to use the company's AI for military applications, and has agreed to abide by the company's red lines regarding safety (which were similar to rival Anthropic).  "Two of our most important safety principles are prohibitions on domestic mass surveillance and human responsibility for the use of force, including for autonomous weapon systems," Altman said on Friday night, adding "The DoW agrees with these...

Americans' Savings-Rate Slumps In April As Fed's Favorite Inflation Signal Soars After accelerating significantly in March, The Fed's favorite inflation indicator - Core PCE (a measure of price changes in consumer goods and services that excludes volatile food and energy costs) - rose 0.2% MoM in April (less than expected +0.3% MoM), but pulled up the YoY measure to +3.3% (as expected) - its highest since Nov 2023. The rise in Services costs (headlined by Housing & Utilities, Financial Services, and Healthcare) dominated the increase in Core PCE YoY... The headline PCE...