OpenAI Misses Revenue, User Targets As CFO Fears $1.5 Trillion In Commitments Can't Be Paid

It was a few minutes past five in the morning on Easter Sunday, April 5 when President Trump, with all the élan of a drunken sailor suffering from coprolalia, mounted his social media and posted the following: Tuesday will be Power Plant Day, and Bridge Day, all wrapped up in one, in Iran. There will […]

New Home Sales Soared In August, Prices Plunged As Mortgage Rates Spiked With homebuilder confidence plumbing new depths (and Housing Starts and Permits plunging), expectations were surprisingly for a small bounce back in new home sales in August (after collapsing in July). Analyst consensus was correct, with a 6.4% MoM jump (+1.3% MoM exp) with July's 10.5% MoM plunged revised dramatically higher to just 4.3% MoM decline. August was the biggest surge in sales since February, but still left sales down 2.0% YoY... Total new home sales SAAR jumped to 864k -...

TikTok Settles Lawsuit Accusing Social Media Giants Of Harming Florida Boy TikTok has reached a settlement with a Florida teenager who blamed the platform and other social media companies for fueling his addiction, leading to depression, anxiety, and sleep loss, just ahead of a trial to determine the industry’s part in the youth mental health crisis. The settlement, made public Tuesday, lays to rest claims against ByteDance’s TikTok related to the lawsuit filed by the boy. Details of the settlement were not disclosed. Trials against Meta’s Instagram and Snap’s Snapchat remain scheduled for...