Thursday, August 20
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Personal Finance When driving across town for cheaper gas actually pays offTech OpenAI counters Anthropic with a no-retention approach to AI safety monitoringEconomy Trump pauses 50% tariffs as the US and Canada close in on a trade dealCompanies SpaceX sought to buy AI coding startup Cognition, Bloomberg reports; its CEO says noTech OpenAI slows some frontier AI work after a model nears a critical cyber thresholdCrypto Bitcoin tops $69,000, wiping out roughly $1.7 billion in short betsMarkets Gold jumps to its highest since early June as the Treasury doubles bond buybacksPersonal Finance Treasury moves to deny refundable tax credits to immigrants without qualified statusPersonal Finance When driving across town for cheaper gas actually pays offTech OpenAI counters Anthropic with a no-retention approach to AI safety monitoringEconomy Trump pauses 50% tariffs as the US and Canada close in on a trade dealCompanies SpaceX sought to buy AI coding startup Cognition, Bloomberg reports; its CEO says noTech OpenAI slows some frontier AI work after a model nears a critical cyber thresholdCrypto Bitcoin tops $69,000, wiping out roughly $1.7 billion in short betsMarkets Gold jumps to its highest since early June as the Treasury doubles bond buybacksPersonal Finance Treasury moves to deny refundable tax credits to immigrants without qualified status

Kenji Nakamura

Reporter · Boursel

A 450-millimeter silicon wafer held up by a semiconductor industry analyst
Markets
Wednesday, 8/19, 09:52 PM

Marvell surges after Google takes a $12.2 billion warrant in a custom-chip deal

  • Marvell Technology shares jumped as much as 13% on Wednesday after the chipmaker granted Google a warrant to buy roughly 59 million of its shares, tied to a custom-silicon agreement that runs to 2033.
  • Broadcom, Google's longtime custom-chip partner, fell on the news as investors weighed what the deal means for its marquee customer relationship.

In brief

In brief

A Virgin Media branded van
Companies 43 d

Virgin Media Is Fined 28 Million Pounds for Making It Hard to Cancel

  • Britain's telecoms regulator, Ofcom, has fined Virgin Media £28 million for making it needlessly difficult for customers to cancel their contracts, from dropped calls to a two-tier system that forced people to repeat themselves.
  • It is a rare, sizable penalty aimed squarely at the 'friction' that subscription businesses use to keep people from leaving.

In brief

In brief

In brief

In brief