China disapproves of British Steel nationalisation decision by UK

Satya Nadella took a quiet swipe at AI labs like Anthropic for how they train their models. In an X post on Sunday, the Microsoft CEO said that model makers complaining about distillation is hypocritical. Distillation is the process of training a less powerful model based on the outputs of a stronger one. “While the…

The two lead underwriters on SpaceX’s initial public offering, Goldman Sachs and Morgan Stanley, have a valuation gap of more than $1 trillion as they both initiated coverage at buy.

The pace of existing-home sales closed out the second quarter in retreat, slowing from May to June but remaining higher than year-ago levels amid fragile homebuying demand. Updated sales data released Thursday by the National Association of Realtors (NAR) reflected a 2.4% slowdown in closed contracts over the month, which lowered the annualized sales pace…

Dario Amodei, co-founder and CEO of Anthropic, during the company’s Builder Summit in Bengaluru, India, Feb. 16, 2026. Samyukta Lakshmi | Bloomberg | Getty Images Anthropic is lining up meetings with investors ahead of a potential initial public offering later this year, a person with knowledge of the plans told CNBC. Bankers leading the offering…

Investors and analysts alike expected JPMorgan Chase (JPM +2.50%) to do quite well this earnings season, but not this well. The powerful bank delivered a fine second quarter that crushed analyst estimates, thanks in no small part to a major part of its business that has produced meaty growth before. All in all, Mr. Market…