OpenAI to cut off AI models for SpaceX-owned Cursor, escalating feud with Musk
OpenAI to cut off AI models for SpaceX-owned Cursor, escalating feud with Musk
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A Tribute to Mark C. Schug’s Career in Economic Education
On July 13, the field of economic education lost one of its leading educators, Dr. Mark C. Schug. I had the privilege of knowing Mark for many years and the honor of coauthoring Economic Episodes in Civics and American Government with him. This tribute aims to preserve the historical record of his remarkable career and…
Swiss Franc steadies as US Dollar holds ground following robust economic data
USD/CHF remains steady after registering 0.5% gains in the previous day, trading around 0.8050 during the Asian hours on Thursday. The currency pair remains bound to a tight range as a resilient US Dollar (USD) holds its ground, bolstered by robust economic data. July’s PCE price index accelerated to 0.2% month-on-month, edging past the 0.1%…
Google’s In-House AI Chip Strategy Could Be a Bigger Threat to Nvidia Than Investors Think. Here’s Why.
Alphabet (GOOGL 0.50%) (GOOG 0.29%) has been developing its own Tensor Processing Units (TPUs) for years. But it wasn’t until recently that the company started to see these processors not just as a side project but as a real alternative to Nvidia‘s (NVDA +3.90%) graphics processors. The shift could be consequential for Nvidia, as Google focuses…
Japanese Yen struggles amid widening Trade Deficit, escalating import costs
USD/JPY appreciates after registering modest losses in the previous day, trading around 158.50 during the Asian hours on Thursday. The currency pair gains ground as the Japanese Yen (JPY) struggles under the weight of wide interest rate differentials, mounting fiscal concerns, and elevated costs for energy and imported goods. Japan’s Merchandise Trade Balance Total showed…
