Volatility Gauge Hovers Near Lowest In Four Months on Strong Jobs Data
The volatility gauge was at 16.43 as of 10:41 a.m. in New York, as the S&P 500 puhsed higher by 0.8%. Wall Street's fear gauge opened below 16 at the lowest since Feb. 20.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Bloomberg
23 minutes ago
- Bloomberg
Meta Adds Startup Founder Gross to New AI Superintelligence Lab
Daniel Gross, the former chief executive officer and co-founder of artificial intelligence startup Safe Superintelligence Inc., is joining Meta Platforms Inc.'s new superintelligence lab focused on AI. Gross will work on AI products for the superintelligence group, according to his spokesperson, Lulu Meservey. Meta just restructured its AI unit and has gone on a major hiring spree to recruit industry experts to develop AI technology that will match or exceed human-level competency, known as superintelligence.
New York Times
26 minutes ago
- New York Times
What the Republicans' New Policy Bill Means for Higher Education
The Republican domestic policy bill that cleared Congress on Thursday has far-reaching implications for colleges and students, and could make attending college less accessible, higher education leaders said. The bill would expand the tax on endowments that universities use for financial aid, roll back student loan protections and cap the amount students can borrow for graduate programs. The bill would 'make college less affordable,' said Lynn Pasquerella, president of the American Association of Colleges and Universities, adding that schools could become less economically and racially diverse. Republicans have said that the measures impose accountability on a sector that has failed to police itself. The caps on student borrowing are intended to reign in ballooning graduate student debt, they say, and the tax on university endowments, which schools often use to provide financial aid, fulfills a Trump campaign promise to target the nation's wealthiest schools. The student loan changes are expected to save the government more than $300 billion over a decade, according to a Congressional Budget Office estimate. It comes as the Trump administration has unleashed an attack on colleges and universities, cutting research grants and making it harder for international students to enroll. The administration has singled out top schools like Harvard, Columbia and the University of Pennsylvania. But the bill shows that the Republican agenda for higher education extends far beyond the Ivy League. Want all of The Times? Subscribe.
New York Times
26 minutes ago
- New York Times
Trump Administration Asserted Sweeping Power in Seeking to Bypass TikTok Ban
Attorney General Pam Bondi told tech companies that they could lawfully violate a statute barring American companies from supporting TikTok based on a sweeping claim that President Trump has the constitutional power to set aside laws, newly disclosed documents show. In a series of letters to companies like Apple and Google, Ms. Bondi wrote that Mr. Trump had decided that shutting down TikTok would interfere with his 'constitutional duties to take care of the national security and foreign affairs of the United States.' As a result, she continued, she had concluded that the law banning the social media app 'is properly read not to infringe upon such core presidential national security and foreign affairs powers.' The letters, which became public on Thursday via Freedom of Information Act lawsuits, portrayed Mr. Trump as having nullified the legal effects of a statute that Congress passed by large bipartisan majorities in 2024 and that the Supreme Court unanimously upheld. Shortly after being sworn in, Mr. Trump issued an executive order directing the Justice Department to suspend enforcement of the TikTok ban and has since repeatedly extended it. That step has been overshadowed by numerous other moves he has made to push at the boundaries of executive power in the opening months of his second administration. But some legal experts consider Mr. Trump's action — and in particular his order's claim, which Ms. Bondi endorsed in her letters, that he has the power to enable companies to lawfully violate the statute — to be his starkest power grab. It appears to set a significant new precedent about the potential reach of presidential authority, they said. Want all of The Times? Subscribe.
