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New pro‑AI group pledges $100m to influence US midterms amid regulation debate
technology-and-us-politics12 days ago

New pro‑AI group pledges $100m to influence US midterms amid regulation debate

A fresh pro‑AI political group, Innovation Council Action, backed by Donald Trump adviser David Sacks and led by Taylor Budowich, plans to spend at least $100 million to back midterm candidates, signaling AI policy as a key battleground. The effort adds to a slate of pro‑AI fundraising as Washington weighs a federal regulatory framework versus state rules, with Sacks arguing for a single national standard. The move comes alongside other industry‑funded efforts and shifting public opinion on AI oversight.

via Financial Times|
#ai-regulation#david-sacks#political-fundraising
Goldman Sachs Says S&P 500 Could Reach 7,600 by 2026 on Earnings Growth
business26 days ago

Goldman Sachs Says S&P 500 Could Reach 7,600 by 2026 on Earnings Growth

Goldman Sachs projects the S&P 500 could reach 7,600 by end-2026 as corporate earnings grow and the economy expands, with the information technology sector leading the gains and financials, health care, and communication services providing support; the index trades around 21x forward earnings, near its long-run average, implying roughly a 14% upside from current levels.

via Seeking Alpha|
#business#earnings-growth#goldman-sachs
Block halves its staff as AI tools reshape operations
business1 month ago

Block halves its staff as AI tools reshape operations

Block Inc. will cut about 4,000 jobs—nearly half its workforce—while leaning into AI tools, a move CEO Jack Dorsey says reflects how intelligence tools transform building and running a company. The announcement sent Block shares up over 25% after hours; the company reported about $6.3 billion in Q4 revenue and a $234 million hit from bitcoin investments, illustrating the broader AI-driven shift and the crypto-risk backdrop.

via Financial Times|
#ai-and-jobs#block-inc#business
Stripe hits a $159B valuation after private-share sale, delaying IPO
business1 month ago

Stripe hits a $159B valuation after private-share sale, delaying IPO

Stripe’s latest employee-share sale lifts its private-market valuation to $159 billion, letting it stay private longer while focusing on AI and stablecoins rather than a public listing. Investors including Thrive Capital, Coatue and Andreessen Horowitz bought stock, with Stripe also purchasing shares itself. The company processed $1.9 trillion in payments in 2025, up 34% year over year, and reported profitability for a second straight year as it expands globally and leans into AI-enabled, consumer-friendly payments.

via Financial Times|
#business#european-companies#fintech
AI Fears Drag Software and Analytics Stocks Down
technology2 months ago

AI Fears Drag Software and Analytics Stocks Down

US tech stocks slid as AI concerns weighed on software and analytics names, with the Nasdaq down 2.2% and the S&P 500 off 1.4%. Gartner and S&P Global led the losses after Anthropic launched Claude Cowork tools to automate legal tasks, and others such as Intuit, Equifax, Moody’s and FactSet also fell, while European peers like Relx and London Stock Exchange Group dropped as AI demand cooled.

via Financial Times|
#anthropic#artificial-intelligence#gartner
"Top Vanguard ETFs to Enhance Your S&P 500 Portfolio"
finance1 year ago

"Top Vanguard ETFs to Enhance Your S&P 500 Portfolio"

With the S&P 500 hitting record highs, it's still a good time to invest in the long term. Two recommended Vanguard ETFs for a $900 investment are the Vanguard S&P 500 ETF (VOO) and the Vanguard S&P 500 Growth ETF (VOOG). VOO tracks the S&P 500 index with a low expense ratio of 0.03%, while VOOG focuses on high-growth stocks, particularly in the technology sector, with an expense ratio of 0.1%. Both ETFs offer exposure to top tech companies like Microsoft, Apple, and Nvidia, and have shown strong historical returns.

via The Motley Fool|
#ai#finance#investment-strategy
U.S. Bans Kaspersky Software, Sanctions Executives Over Russian Ties
international-relations1 year ago

U.S. Bans Kaspersky Software, Sanctions Executives Over Russian Ties

The US Treasury Department's Office of Foreign Assets Control has sanctioned twelve executives from Kaspersky Lab for their involvement in Russia's technology sector, following a ban on Kaspersky software sales and updates in the US due to cybersecurity concerns. The sanctions freeze the executives' US assets and prevent them from accessing them.

via BleepingComputer|
#cybersecurity#international-relations#kaspersky-lab
Stocks Edge Up Amid Steady Inflation Trends
finance1 year ago

Stocks Edge Up Amid Steady Inflation Trends

The S&P 500 surged nearly 1% in the final 20 minutes of trading, marking its best month since February, driven by dip buying and sector rotation. Despite a volatile session, the Dow Jones rose 1.5%, while the Nasdaq 100 remained flat. Treasuries extended gains, and inflation data showed a slight increase, hinting at potential rate cuts by the Federal Reserve later in the year. Analysts warn of a possible correction in overextended tech shares.

via Yahoo Finance|
#federal-reserve#finance#inflation