Gap shares jump 9% after company names new Old Navy CEO to revive struggling brand - CNBC

Gap announced a new CEO for Old Navy on Thursday as the brand reported a decline in comparable sales for the most recent quarter.

Exclusive | Trump Family’s New Crypto Bank Is Backed by Abu Dhabi Sheikh - WSJ

Fed Chairman Kevin Warsh delivers his key Jackson Hole speech Friday. Here's what to expect - CNBC

Prior Fed chairs have used the speech as an opportunity to lay out broad policy frameworks and intentions.

AI industry says Trump plans to tax chips in the “single dumbest way imaginable” - Ars Technica

Tech industry is perplexed by Trump’s plan to win AI race by taxing data centers.

Anthropic Considers Letting Shareholders Sell In IPO, Departing from SpaceX Playbook - The Information

Anthropic has been working on a plan to let existing shareholders sell some stock in its blockbuster initial public offering while also considering longer-than-usual lockup periods for sales after it’s public, people familiar with the process said. Allowing s…

Stock Market Today: S&P 500 and Nasdaq are up in tech-fueled rally as Nvidia's stock jumps after its earnings beat expectations; Dow rises as Salesforce shares surge and Jackson Hole symposium gets started; Marvell Technology results on tap - MarketWatch

The S&P 500, Nasdaq and Dow were rising Thursday afternoon as tech rallied after earnings reports from Nvidia and Salesforce. Traders also were assessing the latest weekly jobless claims data while looking ahead to Fed Chair Warsh's Jackson Hole speech.

California McDonald's worker accused of shooting colleague in restaurant before police intervene - Fox Business

A California McDonald's employee allegedly shot a co-worker inside the Lodi restaurant before he was killed in an officer-involved shooting.

‘Headless software’ signals further AI-led shake-up - Financial Times

The SaaS-pocalypse might be easing but industry change is accelerating

Trump Administration Executive Order for New AI Regulator Stalls - The Information

The Trump administration has internally circulated a draft executive order in recent weeks, calling for the creation of a self-regulatory organization for AI companies that produce state-of-the-art models, according to two people who have viewed a draft. Draf…

Hackers steal data from millions of airport customers - BBC

About 8.7 million customers had their data accessed and a ransom was demanded.

Lisa Cook fires back at White House, argues no legal basis for her removal - MS NOW

Legal counsel for Federal Reserve Governor Lisa Cook pushed back sharply on the White House’s latest attempt to remove her from her post, pointing to the president’s own past financial filings on his properties to argue she never committed mortgage fraud.

Trump declares national emergency to ban some foreign grid equipment - The Hill

President Trump has declared a national emergency seeking to block some foreign equipment from being used in the U.S. electric grid. Trump, in a Wednesday executive order, said foreign supply of electric equipment “constitutes an unusual and extraordinary thr…

Fed's Hammack says 'now is the time to act' on raising interest rates - CNBC

She still thinks the Fed needs to take action against inflation that is straining household budgets.