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House Democrats Urge President Trump to Keep Ban on Chinese Automakers

Key Points: More than 70 House Democrats urged President Donald Trump to block Chinese automakers from the United States. Representatives Debbie Dingell and Ro Khanna lead the political push to protect the American auto industry. Politicians worry Trump might use the car market as a bargaining chip during his upcoming summit with Xi Jinping. Major domestic and foreign auto groups strongly support keeping the ban...

Wall Street Slides as OpenAI Misses Targets and Iran Conflict Disrupts Markets

Key Points: OpenAI missed its 1-billion-user goal, dragging down major tech and cloud computing stocks. President Donald Trump claimed Iran is in a state of collapse as the Strait of Hormuz remains closed. The Bank of Japan held its interest rate at 0.75% while warning about high oil prices. General Motors and Coca-Cola posted strong earnings, while UPS reported a 28% drop in profit. Wall...

Financial Regulators Fall Behind Banks in the Artificial Intelligence Race

Key Points: Financial firms currently adopt artificial intelligence technology at more than twice the rate of government regulators. Only 24 percent of financial authorities collect data on how banks use these new advanced systems. A massive 76 percent of the financial industry relies almost entirely on models built by OpenAI. Cybersecurity experts warn that new models like Anthropic's Mythos can easily exploit weaknesses in older...