Off-Grid AI Power Startup TAR Hits $1B Valuation With $120M Round Led by Anthropic Backer Spark Capital
TAR, an Austin startup building solar-battery-gas modular power systems that let data centers bypass the grid entirely, raised $120M at...
OpenAI Ends $1/Year Federal Deal, Moves to 50% Discount Pricing — While Anthropic’s Government Contracts Remain in Legal Limbo
OpenAI is replacing its $1/year federal pilot (which gave 3.5 million government workers ChatGPT access and generated $1.4B in claimed...
Bessent’s Market Dare Is Being Accepted — 10-Year Yields Hit 4.9% Three-Year High as Oil and Bonds Move Against Him
Treasury Secretary Bessent has jawboned the bond market three times and failed each time, per the American Enterprise Institute —...
Oil Surges to $105 as Iran Vows Escalation, Houthis Seize Bab-el-Mandeb Position, and Trump Rules Out Pre-Midterm Relief
Brent crude hit $105.72/barrel Wednesday — up 70%+ year-to-date — as Iran declared it will intensify strikes if attacked, Houthi...
US Existing Home Sales Fall to 14-Month Low as Mortgage Rates Hit 6.85% — Supply Hits Highest Since 2019
August existing home sales dropped 2% to a 3.98 million annualized pace — one of only two readings below 4...
Pensions and Endowments Are Pushing Back on Private Equity’s AI Binge — Circular Deals and Hidden Concentration Alarm LPs
Major institutional investors including Florida's $307B pension fund and Ontario Teachers' are demanding more transparency from Apollo, Blackstone, and Brookfield...
US Producer Prices Jump 5.4% Year-Over-Year in August — Energy Surge and Hospital Costs Raise Odds of September Fed Rate Hike
August PPI rose 0.4% month-over-month (most since May) and 5.4% year-over-year as energy and transport costs surged after two months...
Crypto Scam Victims Are Fighting the US Government to Recover Their Own Stolen Money
Even when US authorities seize crypto stolen in pig-butchering scams, victims are discovering that getting it back is a separate...
Anthropic Researcher Quits, Citing Fear That Industry Is Building AI Systems ‘No One Can Control’
Jacob Coxon, an Anthropic model-training researcher, resigned Tuesday saying he refuses to participate in an industrywide race toward self-improving AI...
Trump Signs Orders Banning Canadian Dairy, Alcohol, and Motorcycles — Import Prohibition Effective in Three Weeks
President Trump signed executive orders Tuesday banning imports of many Canadian dairy products, alcoholic beverages, and motorcycles effective in three...
Premium insights to help you invest beyond the ordinary. Lumida Wealth Management LLC (‘Lumida”) is an SEC registered investment adviser