Treasury Secretary Bessent warned Chinese AI firms that large-scale distillation attacks on US models could now trigger sanctions and Entity List designations.
Posted inMarkets
Anthropic Eyes $2 Trillion October IPO That Would Eclipse SpaceX as Largest Ever
Six Anthropic investors told the FT the AI lab is targeting $2 trillion in its October IPO, which would be the largest public offering in history.
Posted inEconomy
Canada Warns New Tariffs Will Halt Trade Talks as August 19 Deadline Arrives
Canada’s chief negotiator warned Washington that the August 19 tariff deadline risks derailing all bilateral trade talks and forcing Ottawa to retaliate.
Posted inGeopolitics
Russia Tops 198 Ballistic Missiles a Month as Strikes on Kyiv Escalate
Russia produced 198 ballistic missiles in July—its highest monthly total of the war—and launched 56 in the first week of August, intensifying attacks on Kyiv.
Posted inWorld
Putin Makes First Visit to Kuril Islands as Japan Calls Trip Unacceptable
Putin’s first-ever visit to Russia’s Kuril Islands on August 13 triggered Japan’s sharpest diplomatic protest in years, reigniting an 80-year territorial standoff.
Posted inTech
Anthropic Signs a $9.1 Billion, 20-Year Data Center Deal with Riot Platforms
Anthropic has secured 191 megawatts of computing capacity from Riot Platforms’ Texas campus under a 20-year lease worth $9.1 billion, as the AI lab races to close a persistent compute gap.
Posted inMarkets
S&P 500 Closes at Record 7,799 as Soft PPI Eases Rate-Hike Fears
Weaker-than-expected producer price data on Thursday pushed the S&P 500 to a new closing record of 7,798.99, trimming the probability of a Federal Reserve rate hike in September.
Posted inEconomy
US Retail Sales Fell 0.6% in July, First Drop in Nine Months
American consumers pulled back sharply in July, with retail sales posting their largest monthly decline in nine months at –0.6%, raising fresh questions about household resilience.
Posted inGeopolitics
Washington Clears $280 Million Turkish Arsenal for Ukraine as Moscow Demands Explanation
The US State Department has notified Congress of a plan to transfer 70 ATACMS missiles and 12 M270 rocket launchers from Turkish stockpiles to Ukraine, drawing a sharp rebuke from Russia.
Posted inWorld
Indonesia Earthquake Kills 47 on Flores Island as Rescue Teams Fight Landslides
A magnitude 7.7 earthquake struck off Indonesia’s Flores Island on Saturday, killing at least 47 people and blocking rescue teams behind landslide-sealed roads.