Author: Daniel snow

[ad_1] One thing has been true about both the Republican and Democratic parties on Capitol Hill in recent decades — even as the partisan divide has widened. No matter how much they may talk about the deficit and reining in spending, that’s never stopped either party in power from passing bills that don’t exactly add up when it comes to balancing the books of the federal government.Will this time be different?Chief financial officers are betting it won’t when it comes to President Trump’s “One Big Beautiful Bill.”A majority (86%) of CFOs at companies across the economy surveyed by CNBC say…

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[ad_1] AI reasoning models were supposed to be the industry’s next leap, promising smarter systems able to tackle more complex problems and a path to superintelligence.The latest releases from the major players in artificial intelligence, including OpenAI, Anthropic, Alphabet and DeepSeek, have been models with reasoning capabilities. Those reasoning models can execute on tougher tasks by “thinking,” or breaking problems into logical steps and showing their work. Now, a string of recent research is calling that into question.In June, a team of Apple researchers released a white paper titled “The Illusion of Thinking,” which found that “state-of-the-art [large reasoning models] still…

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[ad_1] Traders work on the floor at the New York Stock Exchange on June 23, 2025.Brendan McDermid | ReutersAn aggressive trade war, Middle East escalation and AI competitions overseas — None of 2025’s big curveballs managed to spoil the market’s epic comeback from the year’s lows as stocks stand within reach of a new record. Here’s why.The S&P 500 is just 0.85% away from closing at a new record, rebounding from a near 20% sell-off in April. The tech-focused Nasdaq 100 is already one step ahead, hitting an all-time high on Tuesday. The latest leg higher came as investors bet…

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