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Scott Bessent kicks off Milken bash by doubling down on Trump agenda

Los Angeles Times

Treasury Secretary Scott Bessent kicked off Michael Milken's annual financial bash in Beverly Hills by doubling down on President Trump's economic policy of trade reform, tax cuts and deregulation -- promising the "America First" agenda would be "the blueprint for a more abundant world." The former hedge fund manager, in a brief speech Monday that opened the Milken Institute Global Conference, said that all three elements of the policy must be taken together in order to be understood. "They are interlocking parts of an engine designed to drive long-term investment in the American economy," he said, in remarks at the Beverly Hilton. "Tariffs are engineered to encourage companies like yours to invest directly in the United States. Hire your workers here, build your factories here, make your products here. You'll be glad you did, not only because we have the most productive work force in the world, but because we will soon have the most favorable tax and regulatory environment as well," he said.


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Mashable

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Get an AI assistant to help you make wise investments for just A 108 for life

Mashable

TL;DR: Sterling Stock Picker is an AI-powered Stock guidance tool to help you invest your money, and it's only A 108 for life. When you're first starting out, investing can feel a bit like gambling. You throw your money down, and it's a crapshoot whether you'll get more back or lose it all. Thing is, that's not actually how the stock market works. If you do your research, you can learn how to reduce your risk and make better investments, whether that means they're safer or there's more room to grow.


Microsoft beats Wall Street expectations for fourth quarter in a row amid AI boom

The Guardian

Microsoft released its quarterly earnings report on Wednesday after the New York stock market closed, beating Wall Street's expectations for the fourth quarter in a row amid a financial boom for artificial intelligence businesses. The company revealed revenue of 70.07bn and earnings of 3.46 per share. The result exceeded analyst predictions that revenue would grow to 68.42bn, or 10.6% year-over-year, and that earnings-per-share would come in at 3.22. Shares in the tech giant jumped more than 5% in after-hours trading. Analysts viewed the earnings report as a temperature check on Microsoft's artificial intelligence (AI) business, which has announced it will invest around 80bn in this fiscal year alone, though it has also terminated some data center leases in recent months.


Humanoid workers and surveillance buggies: 'embodied AI' is reshaping daily life in China

The Guardian

On a misty Saturday afternoon in Shenzhen's Central Park, a gaggle of teenage girls are sheltering from the drizzle under a concrete canopy. With their bags of crisps piled high in front of them, they crowd around a couple of smartphones to sing along to Mandopop ballads. The sound of their laughter rings out across the surrounding lawn – until it is pierced by a mechanical buzzing sound. A few metres away from the impromptu karaoke session is an "airdrop cabinet", one of more than 40 in Shenzhen that is operated by Meituan, China's biggest food delivery platform. Hungry park-goers can order anything from rice noodles to Subway sandwiches to bubble tea.


US trade restriction on Nvidia sends markets tumbling again

The Guardian

US stocks have fallen further after Donald Trump imposed a new trade restriction on the chip designer Nvidia, rattling investors and triggering a sell-off across the semiconductor industry. The S&P 500 index dropped by about 1.3% in early trading, with the tech-heavy Nasdaq index down 2.1%. The Dow Jones fell 0.6%. Nvidia, the Californian company at the heart of the revolution in artificial intelligence technology, lost billions of dollars from its market value at the opening bell, with its shares down about 6%. The sell-off, which has spread to semiconductor makers in Asia and Europe, comes after Nvidia said the Trump administration had restricted the sale of its H20 chip in China by means of new licence requirements.


Nvidia to build 500bn of US AI infrastructure as chip tariff looms

The Guardian

The chip designer Nvidia has said it will build 500bn ( 378bn) worth of artificial intelligence infrastructure in the US over the next four years, in a sign of manufacturers investing in operations on American soil amid Donald Trump's tariffs. The announcement comes after Trump reiterated threats on Sunday to impose imminent tariffs on the semiconductors that Nvidia makes mostly in Taiwan, and after the chipmaker's chief executive, Jensen Huang, dined at the president's Mar-a-Lago resort earlier this month. Nvidia, whose chips have helped drive the huge wave of artificial intelligence (AI) development in recent years, will work with its manufacturing partners to design and build factories so it can create "supercomputers" completely within the US. Production of its popular Blackwell graphics processing unit has already started at Taiwan Semiconductor Manufacturing Company's plant in Phoenix, Arizona, Nvidia said. Construction of new plants is also under way with the manufacturers Foxconn in Houston and Wistron in Dallas. Mass production at both plants is expected to ramp up in the next 12 to 15 months.


Bank of England says AI software could create market crisis for profit

The Guardian

Increasingly autonomous AI programs could end up manipulating markets and intentionally creating crises in order to boost profits for banks and traders, the Bank of England has warned. Artificial intelligence's ability to "exploit profit-making opportunities" was among a wide range of risks cited in a report by the Bank of England's financial policy committee (FPC), which has been monitoring the City's growing use of the technology. The FPC said it was concerned about the potential for advanced AI models – which are deployed to act with more autonomy – to learn that periods of extreme volatility were beneficial for the firms they were trained to serve. Those AI programs may "identify and exploit weaknesses" of other trading firms in a way that triggers or amplifies big moves in bond prices or stock markets. "For example, models might learn that stress events increase their opportunity to make profit and so take actions actively to increase the likelihood of such events," the FPC report said.


Jon Stewart roasts Trump over the stock market crash

Mashable

Jon Stewart roasts Trump over the stock market crash "What are you doing?" By Sam Haysom Sam Haysom Sam Haysom is the Deputy UK Editor for Mashable. He covers entertainment and online culture, and writes horror fiction in his spare time. Read Full Bio on April 8, 2025 Share on Facebook Share on Twitter Share on Flipboard Watch Next Jon Stewart roasts Trump cabinet for leaking its own military plans via group chat Stephen Colbert brutally roasts Trump for tanking the stock market Jon Stewart weighs in on DeepSeek AI hammering the U.S. stock market Jon Stewart mocks Trump with a'Severance' joke With stock prices cratering following Trump's tariff trade war, Jon Stewart has turned his attention to the economy. In the Daily Show monologue above, the host breaks down everything from Trump disappearing to play a golf tournament while the economy burned down to Trump's shouty "ONLY THE WEAK WILL FAIL!"reaction on TruthSocial.