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Consumer Tech News (August 18–August 22): Powell Turns Dovish As Walmart, Target Earnings Steer Sentiment, While AI Hangover Hits Palantir
Powell’s dovish Jackson Hole tone, mixed WMT/TGT/TJX earnings, and an AI hangover led by PLTR’s slide gave way to a late-week risk rally. read more
Illinois Governor Calls Trump’s Plan To Deploy National Guard In Chicago ‘Abuse Of Power’
President Trump’s plan to send National Guard troops to Chicago sparked backlash from Illinois officials, who say there’s no emergency. read more
Mark Cuban’s Simple Career Tip For The AI Era: ‘Be Nice. Smile’
Billionaire Mark Cuban encourages young professionals to have a positive attitude and smile as AI changes employment. read more
Shark Tank Star Kevin O’Leary Eyes Collectibles As Promising Alternative Market
Kevin O’Leary has turned his attention to the collectibles market, showcasing a Louis Vuitton Labubu on the set of Shark Tank. read more
European Postal Services Halt US Shipments As Trump Administration Ends ‘De Minimis’ Loophole For All Imports
European postal services have suspended shipments to the U.S. due to the expiration of a duty-free exemption on low-value packages. read more
Democrats Slam Trump’s DOJ Release Of Epstein Files, Say 97% Of Them Contain No New Information
Democrats say 97% of released Epstein files contain no new info. Trump initially hesitated to release files but later directed more to be released. read more
OpenAI CEO Sam Altman Says Parenthood Has ‘Rewired’ His Priorities And Approach To AI Development: ‘Best, Most Amazing Thing Ever’
Sam Altman, CEO of OpenAI, shared how becoming a father has reshaped his perspective on artificial intelligence. read more
Federal Judge Halts Operations At Florida’s ‘Alligator Alcatraz’ Detention Facility
Judge halts operations at controversial ‘Alligator Alcatraz’ migrant detention center in Florida due to legal battles, environmental concerns read more
Trump Names Sergio Gor Ambassador To India As Trade Tensions, Russia Oil Dispute Escalate
President Donald Trump nominated longtime aide Sergio Gor as U.S. Ambassador to India amid diplomatic tensions. read more
Coinbase CEO Brian Armstrong Admits Firing Engineers For Not Embracing AI Tools
Coinbase CEO enforces strict AI adoption policy, firing engineers for not using AI tools. AI is seen as crucial for efficiency, innovation. read more