U.S. strikes three Iranian oil tankers near Kharg Island, CENTCOM says

Deciding between a high-growth AI pioneer and a steady financial software titan involves weighing potential against stability. Both C3.ai (AI +1.94%) and Intuit (INTU +2.89%) offer unique paths for long-term growth. C3.ai provides enterprise-grade artificial intelligence tools to help massive organizations optimize operations, whereas Intuit focuses on essential financial platforms like TurboTax and QuickBooks. While…

Solana (SOL +1.05%) burns, or destroys, about 648 SOL per day in transaction fees as of early August. At the same time, it issues around 60,000 SOL each day, meaning that its supply inflates over time, diluting holders. A new proposal seeks to change that. Solana Improvement Document 553 (SIMD-0553), a proposed protocol change, would…

As politicians encroach on areas that require technical knowledge, the risk of costly policy mistakes increases. The failures of Narendra Modi and Donald Trump show that when it comes to economic policymaking, political acumen is no substitute for a deep understanding of incentives, markets, and institutions. NEW DELHI—During the seven years I served as chief…

Evidence that domestic outsourcing lowers pay comes largely from on-site transfers, in which workers move to a contractor but keep the same jobs. Displacement is rarely observed: whether workers lose their jobs, where they go, how earnings evolve. In Brazil’s 1993–1994 pro-outsourcing reforms, which differentially affected security guards, such transfers were rare; firms instead used…

Although the company holds a sizable stake in Alphabet, much like his predecessor, Warren Buffett, current Berkshire Hathaway (BRKA +2.03%) (BRKB +1.71%) CEO Greg Abel isn’t making any major, hyperaggressive bets on artificial intelligence (AI) technology. He’s certainly not unaware of the industry’s rapid growth, though, and is making a point of preparing one of…