Lutnick claimed to CNBC that Trump's reanimated tariff policies will usher in a wave of economic benefits, including raising domestic growth, shrinking budget deficits and tamping down spiking bond y… [+1193 chars]

Follow Day 2 of the G20 Innovation Ministerial in Chapel Hill, North Carolina, with Jensen Huang, Sam Altman, and ministers discussing AI, policy and trade.

CNBC

G20 live updates: OpenAI's Altman says the use of AI is 'non-negotiable' - CNBC

The Wall Street Journal

Stock Market Today: Dow, S&P 500 Open Higher; Global Bond Selloff Deepens — Live Updates - WSJ

Driving the news: The G20 Innovation Ministerial on Tuesday and Wednesday features some of the tech industry's heaviest hitters and officials from the world's most powerful countries.
<ul><li>Offici… [+4501 chars]

The Trump administration wants the world to follow its lead on AI policy, even as it grapples with divisions at home.

Axios

Trump's AI team fractures over strategy against G20 backdrop - Axios

Its been a tough few months forMicron Technologystock but that doesnt mean the memory-chip boom is waning. All the signs are that shortages are only getting worse ahead of Microns earnings later this… [+164 chars]

Micron stock has stalled in recent months but memory prices keep rising and that should be reflected in its coming earnings.

Barron's

Micron Stock: Amid the Gloom, 1 Big Catalyst Shines Bright Ahead of Earnings - Barron's

THE HAGUE, Netherlands (AP) The Dutch central bank announced Wednesday that it has moved billions of dollars worth of its gold reserves out of North America in a move it described as crisis preparedn… [+1650 chars]

The Dutch central bank has moved billions of dollars worth of its gold reserves from North America to London. The shift, described as “crisis preparedness,” happened between March and August. The bank announced Wednesday that it transferred 86 metric tons of …

Associated Press

Dutch central bank shifts billions in gold to London in ‘crisis preparedness’ move - AP News

Federal Reserve Chairman Kevin Warsh used his keynote speech in Jackson Hole, Wyoming, last week to map out some of the key data points he leans on to read the US economy, offering new insight into h… [+302 chars]

Federal Reserve Chairman Kevin Warsh used his keynote speech in Jackson Hole, Wyoming, last week to map out some of the key data points he leans on to read the US economy, offering new insight into his approach to policy making.

Bloomberg

Fed Chairman Warsh Lays Out His Own Data Dashboard for Reading the US Economy - Bloomberg.com

Companies in the private sector added 38,000 jobs in August, payroll processing firm ADP said in its latest report on Wednesday.
The figure is below economists’ estimates of a gain of 48,000 jobs an… [+2191 chars]

The figure reported on Wednesday is below economists’ estimates of an increase of 48,000 jobs. The prior month's reading was revised higher to 46,000.

Fox Business

Private sector added 38,000 jobs in August, below expectations, ADP says - foxbusiness.com

Nvidia and CrowdStrike Develop New Cybersecurity AI Models - WSJ

Uber is laying off 10% of its corporate staff, joining other tech firms in cutting management layers.
The ride-hailing company's move will eliminate roughly 3,300 positions, the company said on Wedn… [+7611 chars]

Uber announces 10% corporate layoffs, impacting 3,300 staff, as it cuts management roles amid tech sector restructuring.

Business Insider

Uber is laying off 10% of its staff as it seeks to cut management layers - Business Insider

Can’t-miss innovations from the bleeding edge of science and tech
An ongoing class action lawsuit against Meta, which accuses the tech giant of misrepresenting its privacy practices regarding its co… [+4254 chars]

A class action lawsuit against Meta was amended yesterday to include a new class of "bystanders," who claim Meta violated their privacy.

Futurism

Meta Hit With Sweeping New Claims That Its AI Glasses Violated the Consent of "Millions" of Bystanders in Searing Lawsuit - Futurism

Broadcomhas the opportunity to reset the narrative with its third-quarter earnings on Wednesday afternoon after a tumultuous three months for the stock. Though Wall Street analysts expect around 70% … [+188 chars]

Though Wall Street analysts expect around 70% earnings growth this year and next, the stock is down 30% from its all-time high in June.

Broadcom Earnings Today: Stock Looks for a Reset with Third-Quarter Results - Barron's

Berkshire Hathaway CEO Greg Abel noted the growing resistance to the construction of data centers across the U.S. in an interview with CNBC's Becky Quick on Wednesday morning.
"There is a lot more p… [+1276 chars]

The resistance to data centers is gaining steam and occurring nationwide.

There is 'a lot more pushback' on data center construction, Berkshire CEO Greg Abel tells CNBC - CNBC

Nvidia (NVDA) didn't like what it saw in Wall Street estimates for its future revenue growth.
"In addition to having much stronger visibility into next year, the team noted that its decision to prov… [+2697 chars]

More insight on Nvidia's guidance emerges.

Yahoo Entertainment

Nvidia didn't like Wall Street's estimates. So it tried to reset them. - Yahoo Finance

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]

Energy storage stocks Tesla and Fluence may get a Trump boost as he bans some inverters, BESS, and transformers from China.

Investor's Business Daily

Trump Declares Bulk Power 'Emergency'; These Energy Storage Players Benefit - Investor's Business Daily

AIG’s Zaffino Stepping Down as Chairman, Joining Palantir - WSJ

Americans may have plenty of regional beer loyalties, but one light lager attracts more attention nationwide than any other.
According to a new analysis of Google search data by Innerbody, Michelob … [+5210 chars]

What is the most popular beer in America? A new report using Google Trends data ranks the most-searched beers nationwide and in every state. See where Michelob Ultra, Bud Light, Stella Artois, Budweiser, and Guinness rank, plus which states favor hometown bee…

Food & Wine

This Beer Is No. 1 in More States Than Any Other — and It’s Not Bud Light - Food & Wine

Berkshire Hathaway CEO Greg Abel discussed with CNBC's Becky Quick on Wednesday the conglomerate's massive investment in Google parent Alphabet, calling the tech giant a "significant player" in artif… [+2519 chars]

Abel said Berkshire has a clear view of the impacts AI is having across its portfolio of companies, and Google's position relative to the technology is strong.