Target announced it has appointed its first ever chief artificial intelligence officer on Tuesday in the retailer's latest bet to capitalize on the AI boom.
The company named Chandhu Nair as its chi… [+2422 chars]

Target announced its first-ever chief artificial intelligence officer on Tuesday as retailers race to take advantage of the AI boom.

CNBC

Target appoints its first chief AI officer as big retailers bet on AI - CNBC

LOS ANGELES For years, JPMorgan executives have been talking with Olympics organizers about sponsoring the games. Before the next event, taking place in Los Angeles in 2028, the firm officially opted… [+3268 chars]

JPMorgan is making a nine-figure bet as the Olympics Games' first-ever global banking partner.

Why JPMorgan is investing big in the 2028 LA Olympics - CNBC

The federal budget deficit is now expected to surpass $2 trillion this fiscal year, which would be one of the largest shortfalls on record as spending growth continues to outpace tax receipts.
The n… [+4446 chars]

The CBO's monthly update shows the federal budget deficit on track to hit $2.1 trillion as national debt interest costs surge 14% year over year.

Fox Business

Federal budget deficit on track to surpass $2T this fiscal year as spending outpaces revenue - Fox Business

NEW YORK (AP) The presidents media company has tried its hand at a half-dozen new lines of business to lift its stock, but nothing has worked.
Now its getting back to its roots.
In a conference cal… [+5264 chars]

The president's social media company is going back to its roots. The parent of Truth Social said Monday it is abandoning several new businesses — crypto, online betting, financial services — to refocus on building up its social media platform. Part of that ef…

Associated Press

As Trump Media scraps some businesses, it's doubling down on Truth Social and the president - AP News

WASHINGTON -- Sales of previously occupied U.S. homes slowed again in July as record prices and the highest mortgage rates in a year prove to be an insurmountable hurdle for many prospective homebuye… [+2537 chars]

Sales of previously occupied U.S. homes slowed again in July.

Abcnews.com

US existing homes fall 1.7% in July as record prices, high mortgage rates stifle would be-buyers - ABC News - Breaking News, Latest News and Videos

Information in Investors Business Daily is for informational and educational purposes only and should not be construed as an offer, recommendation, solicitation, or rating to buy or sell securities. … [+1064 chars]

Stock Market Today: The Dow Jones index gives up gains as oil rises. SpaceX rival Rocket Lab falls on earnings. A Roger Federer play dives.

Investor's Business Daily

Stock Market Today: Dow Rises On Iran Claim; SpaceX Rival Rocket Lab Falls But Chips Move Up (Live Coverage) - Investor's Business Daily

Nearly 30,000 pounds of raw beef products imported from South America have been recalled in two states because they entered the United States without undergoing a required inspection.
Corte Argentin… [+2272 chars]

Nearly 30,000 pounds of raw beef from South America has been recalled in two states due to a missed inspection.

USA Today

Nearly 30,000 pounds of raw beef recalled. See the affected products - usatoday.com

WASHINGTON, D.C. Palantir CTO Shyam Sankar said hes seen significant progress since his Fox News op-ed imploring America to take advantage of both AI and the American worker, while sharing some obser… [+3387 chars]

Shyam Sankar says AI helped a submarine parts manufacturer cut production planning from two weeks to under an hour, adding a third shift.

Fox News

Palantir's Shyam Sankar says ‘every day we’re making progress’ as AI supercharges American workers - Fox News

Samsung SDI is taking full control of its Indiana battery plant. The South Korean cell maker is buying out General Motors 49.99% stake in their joint venture, according to a regulatory filing, ending… [+4480 chars]

Samsung SDI is buying out GM's 49.99% stake in their $3.5B Indiana battery plant, taking full control as slower US EV demand reshapes both companies' plans.

Electrek

GM exits $3.5B Indiana battery plant as Samsung SDI takes full control - Electrek

Plus, how restaurants are leaning on innovation to escape the discount trap

The Wall Street Journal

Buc-ee’s Trademark Blitz Sparks Backlash in Beavercreek and on HBO - WSJ

Nvidia is doubling down on its open-source efforts, pouring investment into an ambitious new in-house AI model that it hopes will drive demand for its hardware—but that could also compete with customers and partners. Nvidia is aiming for the new model, the bi…

The Information

Why Nvidia Is Trying To Develop The World’s Best Open-Source AI Models - The Information

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(NEXSTAR) – The U.S. is inching closer to ditching its penny and potentially replacing its nickel following the Senate’s passing of the “Common Cents Act” this weekend.
The Senate p… [+2839 chars]

You've likely already noticed some changes when paying with cash.

The Hill

Senate passes bill that could change nickels and how you pay with cash - The Hill

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Anthropic is making its AI-generated content easier to identify, in compliance with EU rules.
Anthropic is making its AI-generated content easier to identify, i… [+4870 chars]

Anthropic has pledged to start marking Claude-generated text and images with machine-readable data, to comply with European rules for AI transparency.

The Verge

Claude will apply invisible watermarks to AI text and images - The Verge

New York City Mayor Zohran Mamdani has thrown his support behind legislation that could become a first-in-the-nation law to regulate Amazon's network of subcontractors that deliver the $3 trillion co… [+4989 chars]

New York City Mayor Zohran Mamdani is taking a stand against Amazon's exploitative subcontracting practices that put profits over people. Should big corporations like Amazon be held accountable for the safety and well-being of their delivery workers? Join the…

Common Dreams

Mamdani Backs Proposal to End Amazon's 'Exploitative' Delivery Model in New York City - commondreams.org

CISA confirmed today that ransomware gangs have begun abusing a high-severity Microsoft SharePoint remote code execution vulnerability, which has been flagged as actively exploited since early July.… [+2898 chars]

CISA confirmed today that ransomware gangs have begun abusing a high-severity Microsoft SharePoint remote code execution vulnerability, which has been flagged as actively exploited since early July.

BleepingComputer

CISA: Microsoft SharePoint flaw now exploited in ransomware attacks - BleepingComputer

Baby products company Frida is expanding into a line of personal care products for kids ages 6 to 11 that will be sold in Walmart and on Amazon, the company told CNBC exclusively.
CEO Chelsea Hirsch… [+3526 chars]

Baby products company Frida is launching a new category of personal care items for kids, tapping into a growing market and largely untapped space.

Baby products company Frida is expanding into kids’ personal care - CNBC

The eighth-largest Powerball jackpot in the game's history is nearing the $1 billion mark, reaching an estimated $905 million with a cash value of $391.9 million for the Monday, Aug. 10, drawing.
Th… [+4107 chars]

The eighth-largest Powerball jackpot in history is worth an estimated $905 million. Here are the winning numbers.

Powerball winning numbers drawn for $905M jackpot. Check your ticket - USA Today

I never understood the appeal of shredded cheese until this past spring, when my moms arthritis flared, and I saw how painful and challenging a seemingly simple task like grating cheese for pizza and… [+2982 chars]

Less is more, according to these experts.