Labor Shock: US Adds 162K Jobs In August, 4-Sigma Beat And Above Highest Forecast

Warren Buffett Cuts Gates Foundation From Annual Stock Giving As Epstein Scandal Shadows Over Bill Gates Warren Buffett excluded the Gates Foundation from his annual charitable stock gifts for the first time in two decades, as scrutiny over Bill Gates' connections with convicted sex offender Jeffrey Epstein continues to cast a dark shadow over Gates and the foundation. CNBC reports that the 95-year-old chairman will donate 9 million Class B shares to the Susan Thompson Buffett Foundation, and 1 million shares each to the Sherwood Foundation, the Howard G. Buffett...

US Treasury Secretary Scott Bessent has said that he isn’t sure how the Iranian delegation attending the UN General Assembly in New York City will get home due to US sanctions targeting Iran’s airlines and threats to sanction countries conducting flights to and from Iran. In an interview with Fox News on Wednesday, Bessent claimed […]

Bridgewater CEO Warns Unregulated AI Could Trigger 'Societal Breakdown' - Even As The Firm Profits From It Artificial intelligence could displace nearly one-fifth of the US labor market, threatening profound societal disruption if left unregulated, according to Bridgewater Associates CEO Nir Bar Dea. Speaking on an upcoming episode of The David Rubenstein Show: Peer-to-Peer Conversations, Bar Dea projected an 18% labor dislocation rate, noting that a technology capable of radically improving the world carries equally severe downside risks. Nir Bar Dea Photographer: Zak Bennett/BloombergThe stark warning aligns Bar Dea with other...