Author: Money Mechanics

Samuel Boivin/NurPhoto via Getty ImagesFollow ZDNET: Add us as a preferred source on Google.ZDNET’s key takeaways Fable 5 accelerates AI’s success rate on remote tasks to 16%. AI capabilities remain all over the map.Still, agent skills have “quadrupled in under eight months,” said CAIS. After a brief hiatus, Anthropic’s lauded Fable 5 model is back, and it’s resetting the bar for automating work. The US government re-authorized the model — which Anthropic said shares capability similarities with Mythos 5, still only available for select organizations’ use — on June 30. But before it was pulled, the Center for AI Safety (CAIS) tested Fable 5 on its Remote…

(Oil Price) – The Bureau of Land Management is giving California another chance to weigh in on oil and gas leasing—whether the state wants it or not. On Thursday, the BLM opened a 30-day public scoping period for 50 federal oil and gas parcels covering roughly 36,000 acres across Kern, Kings, Fresno, and San Luis Obispo counties. The parcels could be included in a future federal lease sale, marking the latest step in the Trump administration’s effort to revive domestic energy development on public lands. If this feels familiar, that’s because it is. Just last week, the BLM signed off on…

Stocks opened higher in Thursday’s low-volume session as market participants gauged what a weak June jobs report means for interest rates. And while the Dow Jones Industrial Average and S&P 500 were higher at the close, the Nasdaq Composite swung lower as chip stocks fell again.At the closing bell, the Dow was up 1.1% at 52,900 — a new record high — and the S&P 500 was fractionally higher at 7,483. The Nasdaq, however, slumped 0.8% to 25,832.Semiconductor stocks created the biggest drag on the tech-heavy Nasdaq on Thursday, as the high-flying industry continued its recent sell-off. The iShares Semiconductor…

An Oregon estate that prominently featured alongside Bruce Willis, Billy Bob Thornton, and Cate Blanchett in the 2001 crime-comedy hit “Bandits” has hit the market for $3.99 million. Set on 1.56 acres in the esteemed community of West Linn, the property boasts stunning panoramic views of the Willamette River and is described as blending “iconic Northwest architecture with resort-style amenities.”Originally designed by Hennebery Architects in 1998, the 6,956-square-foot residence has undergone more recent updates to create a feeling of modern luxury throughout. From the newly installed security gate that offers ultimate privacy to the recently added four-car garage built for…

If you hate waiting in long airport security lines, you’ve likely found yourself considering a Clear+ membership. You may have even been tempted by one of the eager Clear employees who offer to whisk you away from those long lines and to one of the Clear kiosks to enroll and immediately skip to the front.But the annual membership jumped from $199 in 2024 to $209 in 2025 and now, the company announced another $10 price hike taking effect this month.At its new price of $219 per year, travelers should take a careful look at exactly what a Clear+ membership gets…

It’s been a while since consumers across America started cutting back on discretionary spending to cope with rising inflation. A March YouGov report reveals that a financial outlook strongly shapes intentions to reduce spending. For example, it explains that consumers who expect their financial situation to worsen are more likely to cut back on clothing purchases. The U.S. Department of Commerce also noted that clothing store sales dropped another 0.7% month over month at the end of December 2025. I recently reported how WH Smith, owner of several Las Vegas Strip clothing stores, including the Marshall Rousso and Misura brands,…

Please enable JavaScript if it is disabled in your browser or access the information through the links provided below. July 02, 2026 Federal Reserve Board issues enforcement action with Small Business Bank and announces termination enforcement actions with BNP Paribas S.A., BNP Paribas USA, Inc., BNP Paribas Securities Corp., and Community Bankshares, Inc. For release at 11:00 a.m. EDT The Federal Reserve Board on Thursday announced the execution of the following enforcement action listed below: Small Business Bank, Lenexa, Kansas PCA Directive dated June 29, 2026 The Federal Reserve Board also announced…

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Early-stage firm Magnify Ventures has raised $46.6 million for its second fund from LPs, including Melinda French Gates’ Pivotal Ventures. Founded in 2021 by Joanna Drake and Julie Wroblewski, Magnify invests in companies that target the care economy, such as those building assistive robotics, family cybersecurity, and AI for home use.  The firm said Fund II will invest in companies that build AI tools for households, health and home systems, and fintech infrastructure for families. The venture firm last raised a $52 million Fund I in 2022 (Pivotal Ventures anchored that fund) and has backed childcare startup Kinside and children’s…

Article published at 9:00 a.m. CTJJ Kinahan is Senior Vice President, Head of Retail Expansion and Alternative Investment Products at Cboe Global Markets, Inc. (Cboe).Key Takeaways:Volume is thin as investors head out for the holidayCrude oil is falling againNonfarm payrolls disappointedThe markets are crawling into positive territory in the early going as our country – and investors – are prepping for the nation’s 250th anniversary of the day the Continental Congress adopted the Declaration of Independence.As a reminder, the bond market closes at 2 p.m. ET today, and the New York Stock Exchange and the Nasdaq will shut down tomorrow…