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U.S. Treasury Yields Reach Highest Level Since 2002
Rising bond yields are squeezing consumer and corporate borrowers and increasingly weighing on parts of the stock market. The elevated yields are not expected to ease anytime soon.
Mortgage Rates Hit Highest Level Since 2023, Pushing Buyers Toward ARMs
The average 30-year fixed-rate mortgage rose to 7.28 percent, up from 6.34 percent a year ago. As costs climb, more homebuyers are turning to adjustable-rate mortgages.
Trump's Diesel Export Ban Threat Alarms Global Markets; UK Eyes Fuel Reserves
A shrinking number of refineries has already pushed diesel to record highs, and a U.S. export ban would be a "tremendous shock and blow" to economies abroad. Trump has threatened the ban to ease domestic prices. The UK is reportedly in talks with EU partners about releasing strategic fuel reserves if needed.
Opinion: An Oil Price Crash Looms After Current Surge
This opinion piece argues that the current run-up in oil prices will inevitably be followed by a bust.
Legal Scholars Debate Who Is Liable When AI Agents Go Rogue
Many argue AI companies should be held responsible for runaway technology. Legal scholars warn that applying existing law to such cases could be messy.
Chinese Open-Weight AI Model Wins Cybersecurity Hacking Contest
The winner of a cybersecurity competition relied on an "open weight" Chinese model. The result is another sign that available AI systems may already be too powerful to regulate easily.
Philosopher Nick Bostrom Now Warns About Utopia, Not Apocalypse
In an interview, the Silicon Valley-favored thinker says he is no longer chiefly worried about catastrophe. His new concern is the risks that come with a utopian outcome.
Baltic States Train for War With Russia
In Lithuania, civilian and military units are conducting realistic drills, including simulated firefights at a rail station. The Atlantic's report examines how the Baltic states are preparing for a potential conflict.
UK-Iranian Dual National Arrested Over RAF Fairford Incident
A 27-year-old British-Iranian man was arrested in Westminster, London, the sixth arrest tied to Sunday's incident near the air base. British officials believe Iran played a part in planning it.
Netanyahu Says Flydubai Hijacking Attempt Was Driven by Islamist Radicalization
Israel's prime minister said the pilot who tried to take over the Flydubai plane had undergone "Islamist radical indoctrination." He said the pilot clearly intended to "down the plane."
Russia Strikes Kyiv's Pivdennyi Bridge as Metro Train Crosses
The Pivdennyi bridge was hit while a metro train was traveling across it. It is the first such attack on the Ukrainian capital's bridges.
California's Proposition 2 Would Let State Boost Rainy Day Fund
Democrats want to amend the state constitution to allow larger deposits into budget reserves. The change would give lawmakers another way to avoid returning excess revenue to taxpayers as rebates.
Judge dismisses Chegg and Penske antitrust suits over Google AI Overviews
US District Judge Amit Mehta ruled for Google, finding that claims by Chegg and Rolling Stone parent Penske Media don't hold up under antitrust law. The companies had alleged Google abused its monopoly power and drove away web traffic with its AI-powered search features.
Microsoft Office and Teams chief Ryan Roslansky departs after nearly 18 years
Roslansky, formerly LinkedIn CEO, was promoted to head of Office last year and took over Teams earlier this year. His exit triggers another leadership shuffle at Microsoft, with CEO Satya Nadella saying in an internal memo that Roslansky leaves the organization "in a strong position."
Nadella pitches Copilot as "OS for work" to key enterprise customers
At an invite-only event for leaders from major enterprise customers, Microsoft CEO Satya Nadella outlined a rethink of Copilot. The company is adding coding and agent capabilities and bringing the full power of Office into Copilot for the first time.
OpenAI launches Dots agent at DevDay to challenge Meta's Muse platform
CEO Sam Altman unveiled Dots, a personal assistant agent powered by GPT-6 Astra, as OpenAI moves to compete with rivals, primarily Meta, whose Muse AI agent platform has seen early runaway success. The question is whether OpenAI can compete against a free offering.
Canada builds up domestic launch industry as US relations sour
Once a marginal field of small-rocket startups, Canadian launch efforts are gaining new urgency amid US tariffs and talk of annexation that have angered many Canadians. The strained relationship is pushing the country to take its own space launch capabilities more seriously.
Sony launches QSSR, a faster AI upscaling tier for the standard PS5
Quick Spectral Super Resolution, developed through Sony's Project Amethyst work with AMD, brings AI upscaling to the regular PS5. Sony says PSSR on the PS5 Pro "remains the gold standard," and Digital Foundry's early hands-on suggests QSSR isn't as fast.
Meta's $1,299 VR Glasses blend headset and AR approaches, early impressions say
The Verge's hands-on describes the Meta VR Glasses as neither an opaque VR headset nor transparent AR glasses, but potentially the best of both. The author calls it a game-changer for the category while saying the price is too high for them to buy.
New York City becomes first US city with click-to-cancel subscription rule
As of Thursday, businesses must make canceling a subscription as easy as signing up, so a gym that allows online enrollment can't require a call or in-person visit to cancel. Residents can now submit complaints to the city government about hard-to-cancel recurring fees.
Disney's Dana Walden calls recent layoffs "extremely painful," cites tech disruption
Disney laid off a couple hundred employees earlier this week, following other cuts this year and a recently concluded voluntary retirement program. Walden, the company's President and Chief Creative Officer, acknowledged the toll and said technology has "set their sights" on the entertainment business.
Sony Pictures TV's Mike Wald retires after 32 years; Spivak, Littmann named distribution and networks presidents
Mike Wald, co-president of distribution and networks at Sony Pictures Television, is retiring after more than three decades with the company. Jason Spivak and Paul Littmann are being elevated to presidents of Distribution and Networks. The shake-up follows the recent departure announcement of exec VP of North America Distribution Flory Bramnick.
HBO's Casey Bloys suggests HBO Max and Paramount+ more likely to bundle than merge
Bloys indicated that a bundle is a likelier path than a full combination for HBO Max and Paramount+. He declined to discuss his reportedly probable new role.
Ed Helms wraps Steve Byrne's Caltech basketball comedy "The Streak"
Helms has finished shooting a lead role in the sports comedy, which marks Oscar-winning Lion Forge Entertainment's first move into live-action. The film follows Coach Oliver Eslinger and the 2011 Caltech men's basketball team as they try to end the longest losing streak in NCAA history. Byrne writes and directs.
Sony Pictures Worldwide Acquisitions buys international rights to Sundance horror hit "Buddy"
Sony reportedly paid a high-seven-figure sum for all international rights, beating out multiple suitors. "Buddy" is the feature directorial debut of "Too Many Cooks" creator Casper Kelly and premiered in Sundance's Midnight section to a strong reception.
Arceus, a new-model law firm, raises $17M in funding led by Greycroft
Arceus, which launched earlier this year, has announced a $17 million fundraise led by Greycroft. The raise adds to a growing wave of new-model law firms entering the market.
Former Disney CEO Bob Chapek Recounts His Ousting in New Memoir
In his book *Behind the Castle Walls*, released September 29th, Bob Chapek describes November 20th, 2022, the day he was removed as Disney CEO. He says it began with a Sunday message that Susan Arnold needed to speak with him and ended with a call informing him the board had voted to remove him. The call came a couple of hours before Elton John's farewell concert at Dodger Stadium, an event Disney had arranged.
Piston Peak Tower Crane Begins Operating at Magic Kingdom
The tower crane at the Piston Peak National Park construction site was seen moving for the first time since crews installed it last month. An operator sat inside the cabin during the 9:00am hour as the jib swung across the site, demonstrating an impressive reach. The crane was not observed lifting anything yet.
Eater LA Updates Its Heatmap of Los Angeles's Hottest New Restaurants
Eater Los Angeles maintains its Heatmap, a long-running guide to the most exciting new restaurant openings in the city, which has been published for nearly two decades. Editors report on major openings as well as smaller spots and hidden gems worth watching, with the burger au poivre at Marée among the featured dishes. The guide highlights the local dining scene's continued push into new cuisines and formats despite significant challenges in recent years.