Business
Microsoft CEO says superintelligence must ‘help humanity’
CFRA Research Senior Vice President Angelo Zino joins ‘Making Money’ to discuss Microsoft stock as CFRA raises its price target to 550.
Microsoft CEO Satya Nadella said Sunday that the pursuit of superintelligence — AI technology that could surpass humans across virtually every cognitive task — should focus on “helping humanity” and remain under “human control.”
In a post on X, Nadella called for broader AI adoption through what he described as a “frontier ecosystem” where both closed- and open-source AI models can “thrive” across countries, communities and businesses.
“Any pursuit of superintelligence has to be grounded in the core principle that if the AI we build is not helping humanity and under human control, it’s not worth pursuing,” Nadella wrote. “We also need to accelerate and spread the benefits of AI, such that they are diffused broadly across countries, communities, and companies. This requires a frontier ecosystem in which both closed and open-source models can thrive.”
BILL GATES OUTLINES THE STAKES OF THE AI ERA: ‘GREATEST EQUALIZER… OR WORST SOURCE OF INJUSTICE’

Microsoft CEO Satya Nadella said Sunday that the pursuit of superintelligence must remain focused on “helping humanity” while staying under “human control.” (Fabrice COFFRINI / AFP via Getty Images)
He added that organizations should be able to build AI systems using their own data rather than becoming dependent on a single model provider.
“For firms, it’s imperative that they retain full control over their unique and tacit knowledge,” Nadella wrote. “Every organization should be able to build its own continuous learning loop/hill climbing machine, without becoming dependent on any one model provider, and have the ability to embed its own knowledge into models and weights they control.”
Nadella called for a deliberate approach to AI development, saying Microsoft supports concepts such as “embedded evaluators.”
“So, in this context, we welcome the research, focus, and deliberate pacing needed to get alignment right as the design goal,” he said. “We also welcome ideas like ‘embedded evaluators’ and the broader efforts to develop the mechanisms to make this more than just talk.”
NVIDIA, MICROSOFT URGE US TO AVOID BROAD RESTRICTIONS ON OPEN AI MODELS

Nadella also said advanced AI development should not be controlled by a handful of companies. (Craig T Fruchtman/Getty Images)
Nadella also said advanced AI development should not be controlled by a handful of companies.
“The key is that this cannot be controlled by a handful of entities, but must have broad representation across the ecosystem, countries, and fields, including academia,” he said.
“This is the approach we are taking: broad access and choice at every layer of the AI stack; enterprise control of learning loops and models; and the ‘Code of Conduct’ that underlies our own first party MAI models that we’ll publish tomorrow for public consultation.”
His comments come as debate intensifies over the rapid pace of AI development and the risks posed by increasingly capable systems.
MICROSOFT CEO HAS A WARNING ABOUT THE AI RACE

Anthropic CEO Dario Amodei said that there are “real dangers” associated with AI development. (Anna Moneymaker/Getty Images)
“I won’t lie to you – there are real dangers,” Anthropic CEO Dario Amodei said in an interview with CBS News. “And I think for too long the industry lied to people about the fact that this technology had risks.”
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Last week, former Anthropic researcher Jacob Coxon warned on social media that Anthropic and OpenAI are “gambling with our lives” by pursuing self-improving superintelligence, adding that AI has a greater than 10% chance of “kill[ing] all humans” within “the next decade.”
FOX Business’ Robert McGreevy contributed to this report.
Business
Claims Son-In-Law Tommaso Cioni Fled Arizona Spark Wave of Online Speculation and Scrutiny
TUCSON, Ariz. — A social media user describing himself as an independent investigator has claimed that Tommaso Cioni, the son-in-law of missing 84-year-old Nancy Guthrie, has left Arizona, a claim that has not been confirmed by law enforcement but has nonetheless fueled a fresh wave of online speculation into the seven-month-old case.
The claim was posted on the social media platform X by an account identifying itself as JLR Investigates, run by a self-described investigator who said his own sources told him Cioni had “left town” and was no longer in Arizona. Neither Tucson-area law enforcement nor the Guthrie family has publicly confirmed or addressed the claim, and no official update on the investigation has been issued in connection with it.
Nancy Guthrie, the mother of NBC “Today” show co-anchor Savannah Guthrie, was reported missing after disappearing from her home in the Catalina Foothills area of Tucson on February 1. Cioni, who is married to Nancy’s daughter Annie Guthrie, has drawn public attention because he and Annie live near Nancy’s home and are reported to be among the last people to see her before she vanished. Investigators have said Cioni dropped her off at her house before she disappeared.
Law enforcement officials have repeatedly stated that no members of the Guthrie family are considered suspects in the case. Authorities have not announced any breakthrough or identified a suspect in the seven months since Nancy Guthrie was reported missing, and they have continued to appeal to the public for information.
Despite the absence of any official confirmation, the claim about Cioni’s whereabouts spread quickly after the same social media account turned its attention to Cioni’s past involvement in a music group called Early Black. The account shared excerpts of songs from the project and questioned the tone of some lyrics, which it described as “dark.” One clip shared by the account included the lyrics, “Tell me why, you want to die.” The account went on to reiterate its central claim, writing, “Tommaso is the last person with Nancy Guthrie before she vanished.”
A livestream from the account, titled “TOMMASO’S HIDING! FLED SCENE!!,” drew a large audience and a flood of comments and theories from viewers. One user commented on the broadcast, “This band makes some weird music! IMO.” Another user posted an elaborate and unverified theory about the day of the disappearance, writing, “I speculate that maybe Nancy was missing before the 31st. Tomasso may have dropped some one off at Nancy’s on the 31st. This person dressed up like Nancy, called an Uber. Walked with walker got in the uber and went to Tomassos house.”
None of the claims made in the posts or the livestream have been substantiated by investigators, and officials have cautioned the public and media against drawing conclusions from unverified online speculation while the case remains open. The proliferation of amateur theorizing reflects a broader pattern that has surrounded the case since Guthrie’s disappearance, with online commentators scrutinizing the family’s movements, statements and personal histories even as formal investigative details have remained limited.
Savannah Guthrie has spoken publicly about her mother’s disappearance and the toll the uncertainty has taken on the family, without commenting directly on the specific claims circulating about her sister’s husband. NBC has also taken steps in recent months tied to the ongoing scrutiny surrounding the case, though the network has not issued detailed public statements addressing individual social media claims.
The case has drawn sustained national attention in large part because of Savannah Guthrie’s public profile as a longtime network news anchor, with outlets and social media users tracking developments closely even in the absence of confirmed updates from investigators. That dynamic has periodically produced cycles of viral claims, including previous unverified assertions about Cioni’s background, that circulate widely online before fading without official corroboration.
Authorities investigating Nancy Guthrie’s disappearance have not released a timeline beyond confirming she was last known to be at her home on February 1, and they have not disclosed whether any physical evidence, surveillance footage or forensic leads have advanced the case since it began. The Pima County area, which includes Tucson, has seen periodic public appeals from investigators seeking tips from residents who may have seen Guthrie or noticed unusual activity around the time of her disappearance.
For now, the claim that Cioni has left Arizona remains unverified and originates from a single social media account rather than from any law enforcement source, court filing or statement from the Guthrie family. Investigators have not indicated any change in Cioni’s status in the case, and he has not been named a person of interest or suspect by authorities at any point since Nancy Guthrie went missing.
As speculation continues to circulate online, family members and law enforcement alike have urged caution about drawing conclusions from social media claims that have not been independently verified. The case remains open, with no arrests made and no suspect named more than seven months after Nancy Guthrie disappeared from her Tucson home.
Business
Trump downplays AI risks after dire expert warnings and calls to slow development down
The issues surrounding AI have prompted fierce debate – and present a dilemma for many world leaders.
On one hand, the sector is seen as a huge opportunity to boost economic growth and a way to improve outdated digital systems and ways of working.
But there have also been a number of incidents where AI appears to have gone seriously wrong.
In August, OpenAI said it had slowed down training some of its most advanced AI models to improve security.
The ChatGPT-maker said it was adding new measures after its AI agents bypassed safeguards and hacked the tech start-up Hugging Face.
And the same month it was disclosed two of the world’s most powerful AI tools created fake human profiles to try and trick people in attempted cyber-attacks.
The UK’s AI Security Institute (AISI) said in the most serious case, Anthropic’s Mythos AI tried to gain access to a service by sending private messages, having set up fake accounts mimicking real people – then hid the evidence.
The Trump administration argues that the US must maintain global tech dominance as a matter of national security, though it has admitted a need for vigilance around the risks posed by the emerging technology.
The weekend call by major AI executives sparked discussion in Washington, where lawmakers are facing pressure to address those potential risks around rapid AI developments.
On Sunday, Speaker Mike Johnson, the top House Republican, urged caution about rushing AI regulation during an appearance on CNN’s Jake Tapper on State of the Union, arguing it could “smother American innovation”.
“If Congress just races in and does some sort of emergency session to try to regulate AI, we will lose the race to China, and that is a threat to every single American,” he said. “So, we’ve got to have balance. We’ve got to have steady hands at the wheel.”
Democratic House Minority Leader Hakeem Jeffries argued for “decisive action” by lawmakers.
He told George Stephanopoulos on ABC’s This Week that the US should slow down “the pace of development in order to protect the American people and ensure that AI is proceeding safely”.
Responding to recent comments from the AI industry, tech investor David Sacks, who serves on Trump’s Council of Advisors on Science and Technology, called on the companies to police themselves.
“Stop pretending you need anyone else’s permission,” he posted on X.
“So go ahead and pace the frontier. You are the ones setting it… Demanding your preferred regulatory framework as the price of that will look like blackmail of the public and the political system. So just do it.”
Still, there is at least some cross-party consensus on AI regulation. In July, a group of House Democrats and Republicans introduced the Frontier Act, a bipartisan bill that seeks to establish a national safety and oversight framework for AI.
“Safety researchers are resigning, powerful AI models are breaking out of their labs, and companies are racing ahead anyway,” Rep Lori Trahan, a Massachusetts Democrat who co-authored the bill, wrote on X this week.
“It’s past time for Congress to get off the sidelines and do its job.”
Business
Asia tech stocks tumble as AI trade doubts deepen before Fed, BOJ decisions

Asia tech stocks tumble as AI trade doubts deepen before Fed, BOJ decisions
Business
Cleanaway Shares Rise 3.70% to $2.665 as EQT’s $9.4 Billion Takeover Bid Clears Due Diligence Hurdle
SYDNEY — Shares in Cleanaway Waste Management Ltd. rose 3.70% to $2.665 on Monday, adding 9.5 cents, as investors continued to price in the prospect of a takeover after Swedish private equity firm EQT Infrastructure confirmed over the weekend that its multibillion-dollar offer for the company remains intact following the completion of exclusive due diligence.
Cleanaway told the market on Saturday that the hard exclusivity period under its Transaction Process Deed with EQT had ended as planned, and that EQT had confirmed nothing uncovered during its review would cause it to withdraw or reduce its indicative proposal. The two parties are now working toward negotiating a binding scheme implementation deed, though no such agreement has yet been reached, and the offer consideration remains at least at the previously indicated level.
The update extends a takeover saga that began in mid-August, when EQT Infrastructure lobbed a conditional, non-binding proposal to acquire 100% of Australia’s largest waste and recycling company for $3.13 cash per share, implying an enterprise value of roughly $9.4 billion. That offer represented a 32.1% premium to Cleanaway’s last closing price of $2.37 before the announcement, and a similar premium to the stock’s one-month and three-month volume-weighted average prices. If completed, the deal would rank among the largest take-private transactions in Australian corporate history.
Cleanaway’s board granted EQT up to nine weeks of exclusive due diligence to negotiate the terms of a binding transaction. In its original announcement to the market, the board stated: “After careful consideration and consultation with its advisers, the Cleanaway board has determined that it is in the best interests of Cleanaway shareholders to provide EQT Infrastructure with the opportunity to undertake up to nine weeks exclusive due diligence and to negotiate a scheme implementation deed (SID) to agree a binding transaction.” The board added at the time that, subject to a deed being executed at a price no less than $3.13 per share and on otherwise acceptable terms, directors intend to recommend shareholders vote in favor of any scheme of arrangement.
Even so, Cleanaway has been careful to temper expectations while talks continue. The company reiterated in its original filing that “there is no certainty the proposal will lead to a binding proposal for consideration by Cleanaway shareholders or that any transaction will eventuate,” and said shareholders do not need to take any action while the proposal remains under negotiation. That same cautious framing carried through to Saturday’s update, with the company again noting it will provide further updates as developments occur.
The proposal remains subject to a number of conditions beyond the completed due diligence, including the negotiation and execution of a formal scheme implementation deed, an independent expert concluding the transaction is in shareholders’ best interests, the absence of a superior competing proposal, and regulatory approvals including sign-off from the Foreign Investment Review Board. EQT has engaged Cleanaway with financial advisers Barrenjoey and Macquarie Capital and legal adviser Ashurst Perkins Coie working on the transaction for the target company.
The takeover interest comes as Cleanaway has been posting improved underlying financial performance. The company reported fiscal 2026 underlying EBIT of approximately $470 million, up 14% on the prior year, with the result supported by strong performances in its Solid Waste Services and Contract Resources divisions, along with better-than-expected management of cost impacts tied to the Middle East crisis. Cleanaway has guided to underlying EBIT of between $500 million and $530 million for fiscal 2027.
The offer price under EQT’s proposal is structured to be reduced by the cash amount of any dividends or distributions Cleanaway declares or pays after the date of the proposal, though the deal also contemplates the potential for a fully franked special dividend to deliver additional value to shareholders, subject to their individual tax positions. The indicative price would also be adjusted by a small daily “ticking fee” if implementation of any transaction occurs after March 31, 2027, a mechanism designed to compensate shareholders for extended delays in closing the deal.
Cleanaway has also flagged some unresolved legal matters that could attract scrutiny during the ongoing negotiations. A Victorian Supreme Court ruling found the company owed $6.9 million in underpaid landfill levies for fiscal 2018, with further alleged underpayments of $4.7 million for fiscal 2019 and $7.2 million for fiscal 2022 still to be resolved. While modest relative to the scale of the proposed transaction, the matter has been noted as a factor that may draw attention during the deal process.
The company has also been navigating a leadership transition in its finance function. Chief Financial Officer Paul Binfield is departing the role, with Nigel Simonsz appointed as his successor effective September 1. Binfield is expected to remain with the company through the first half of fiscal 2027 to support the FY26 reporting process and ensure an orderly handover.
Monday’s share price gain came as part of a broader rebound across the Australian market, with Cleanaway named among a handful of stocks catching a bid as the S&P/ASX 200 clawed back a portion of the prior week’s losses. Even with the latest gain, Cleanaway shares remain below EQT’s indicative offer price of $3.13, reflecting ongoing uncertainty in the market about whether a binding deal will ultimately be signed.
Cleanaway’s next scheduled shareholder event is its annual general meeting, set for October 22, at which investors are likely to press the board for further detail on the state of negotiations with EQT. Until a binding scheme implementation deed is reached, the company has said it will continue operating as usual, with shareholders urged to watch for further announcements as the process unfolds in the weeks ahead.
Business
Nomura Tax-Free California Fund Q2 2026 Commentary
Nomura Tax-Free California Fund Q2 2026 Commentary
Business
(VIDEO) Meghan Posts First Glimpse of UK Life With Harry, Archie and Lilibet After August Return
LONDON — Meghan, the Duchess of Sussex, posted a short Instagram video on Sunday showing Prince Harry and their children in the English countryside, the first family footage she has shared since the Sussexes arrived from California in late August.
The clip, about 34 to 35 seconds long, is set to Wham!’s “Wake Me Up Before You Go-Go” and carries a Union Jack and a heart emoji. It opens with Meghan, 45, and Harry, 41, walking hand in hand on a country path. She turns toward the camera and says, “Come on, you.” Later scenes show Princess Lilibet, 5, riding a bicycle with training wheels and a doll on the back as Prince Archie, 7, runs beside her. Archie can be heard shouting “Go! Go!” in what several British outlets described as a distinctly English accent. Harry appears in a small boat fishing with the children. A black Labrador, identified in coverage as Pula, is visible near the water. Other shots include wellington boots in a puddle and a child’s feet by a fireplace.
The family landed in Britain on Aug. 26 after six years based in Montecito, California. Archie and Lilibet have started the school year in the United Kingdom. The couple have kept their California house and a property in Portugal and have said they are not returning to paid working-royal roles. King Charles’s office last week restated that they remain non-working members of the family. A spokesperson for the Sussexes said they were given little notice before that message went to the media.
Where the Sunday footage was shot has not been confirmed. Reports have placed Meghan in the Cotswolds earlier this month and said the couple have looked at houses in that part of Oxfordshire. Faces of the children are often partly hidden or filmed from behind, consistent with how Meghan has posted them before.
The video landed in an argument that has followed the family since they left senior royal duties in 2020. Royal commentator Kinsey Schofield told Fox News Digital the arrangement looks like an attempt to hold both countries. “I suspect they want the best of both worlds — access to Britain, proximity to the monarchy and the credibility that comes with Harry’s royal identity, while maintaining the freedom and commercial opportunities they associate with life outside the U.K.,” she said.
She compared that to the “half-in, half-out” model Queen Elizabeth II rejected. “Harry and Meghan never do what they say or say what they mean,” Schofield said. “One year ago, Harry told us the U.K. was not safe enough to bring his wife and children. Now someone is briefing the Daily Mail that Harry has a 15-year plan in the U.K. Alternatively, we’re briefed this could be temporary.” “I would describe it as a trial run rather than a definitive homecoming,” she added.
Broadcaster Helena Chard told Fox News Digital the couple are “keeping their options open.” “Things haven’t gone to plan for various reasons, but one thing’s for sure: They need to keep relevant,” she said. “Cue travel to the U.K., be seen with the British Royal Family and push for state-funded armed police protection.” On security, she added: “Like a dog with a bone, Harry will fight for everything he believes his family deserves.”
Those comments are opinion. A YouGov poll of 4,506 adults in Great Britain on Sept. 9 found 51% would rather the couple not return as working royals, 16% would prefer that they did and 33% did not know.
Harry is due at charity events in Britain this month, including work with WellChild and the Invictus community. Meghan continues As Ever, her lifestyle brand, from the United States. Neither has announced a sale of the Montecito house. People magazine, citing people close to the couple, has described the U.K. stay as an extended period with a private, non-royal address rather than a palace.
The contrast is the point of the clip. For six years the Sussexes argued that Britain was unsafe for their children and that the institution boxed them in. The first grid post after the return is rain boots, a bike with tassels, a father in a rowboat and a seven-year-old shouting “Go!” at deer. It does not resolve whether the family will winter in California or enroll the children through GCSEs. It does show what they chose to publish: countryside, not a statement, and children whose faces are still mostly turned away from the lens.
Business
Amazon pauses operations with cargo carrier after fatal Miami crash
E-commerce giant Amazon says it is suspending work with the firm that operated a cargo plane that was involved in a fatal crash in Miami this month.
“After the tragic incident last weekend, we’ve spent time supporting the investigation and reviewing some of the surrounding circumstances, and we’ve decided to pause our operations with 21 Air,” an Amazon spokesperson said on Sunday.
On 6 September, the 21 Air-operated Boeing jet overshot a runway at Miami International Airport and hit several vehicles, killing five people.
The BBC has contacted 21 Air for comment. The firm previously said it was “devastated by the accident” and that it is cooperating with authorities to investigate the incident.
The US National Transportation Safety Board is leading the investigation into the crash.
This breaking news story is being updated and more details will be published shortly. Please refresh the page for the fullest version.
You can receive Breaking News on a smartphone or tablet via the BBC News App. You can also follow @BBCBreaking on X, external to get the latest alerts.
Business
Lovisa Holdings Shares Jump 4.81% to $22.67 as Beaten-Down ASX Retailer Rides Monday’s Bargain-Hunting Rebound
SYDNEY — Shares in Lovisa Holdings Ltd. climbed 4.81% to $22.67 in Monday trading, adding $1.04 as the fashion jewelry retailer rebounded alongside a handful of recently sold-off growth names on a day the broader Australian market clawed back a fraction of last week’s steep losses.
The move came as the S&P/ASX 200 traded modestly higher after logging its worst weekly performance in six months, and Lovisa was among a group of previously beaten-down stocks, alongside technology group Xero and property researcher REA Group, that caught a bid as investors rotated back into names that had fallen hardest in the prior sessions. Market breadth remained relatively narrow even as the benchmark index edged up, suggesting Monday’s gains were concentrated in specific pockets of the market rather than reflecting a broad-based recovery.
Lovisa’s bounce follows a stretch of extreme volatility for the stock over the past year, one that has repeatedly seen shares swing sharply in either direction, sometimes with limited company-specific news to explain the moves. Shares in the Melbourne-based retailer have traded as low as roughly $20 and as high as an all-time peak near $44 over the past 12 months, and the stock remains down sharply from that high despite periodic rallies.
The rebound also comes just ahead of a scheduled ex-dividend date. Lovisa shares are due to trade ex-dividend on September 15, with the payment date set for October 15, giving income-focused investors a near-term reason to hold or add to positions heading into the week.
The company’s underlying operating performance has remained a bright spot even as its share price has whipsawed. Lovisa reported full-year results for fiscal 2026 in late August, posting total revenue of $938.8 million, up 17.6% on the prior year, with comparable-store sales rising 2.0%. Earnings before interest and tax increased 14.1% to $158.2 million, while net profit after tax climbed 10.7% to $95.6 million. Operating cash flow rose 21.0% to $294.5 million, and the company lifted its full-year dividend 11.7% to 86 cents per share.
Global Chief Executive Officer John Cheston struck an upbeat tone on the results at the time, saying: “Lovisa has once again been able to deliver strong global sales and profit growth, with the highlights being continued growth in the Americas and Europe and another exceptional Gross Margin performance.”
The company opened 160 new stores during fiscal 2026, expanding its global footprint to 1,136 locations across more than 50 markets. Europe was the strongest region for new openings, with 76 additional stores, including 34 in the United Kingdom and 20 in Germany. Lovisa also closed 43 underperforming locations and relocated a further 12, continuing a strategy of pruning weaker sites alongside its broader international rollout.
Early trading in the new fiscal year has offered further encouragement. In the first eight weeks of fiscal 2027, Lovisa reported total sales growth of 16.4% on a constant-currency basis, with comparable-store sales up 3.0%, suggesting the momentum from the FY26 result has carried into the current period.
Even so, the stock’s performance has diverged sharply from those underlying numbers at times over the past year. Shares have posted double-digit single-session moves on multiple occasions, including double-digit percentage jumps around results announcements as well as sudden slides tied to broker downgrades and shifting sentiment on the durability of the company’s store rollout strategy. Some analysts have flagged concerns about the quality of newer store locations and questioned whether the pace of global expansion has come at the expense of site selection and per-store economics, while others have pointed to Lovisa’s high gross margins and self-funded growth model as reasons for optimism.
Institutional positioning around the stock has also shifted over the year, with at least one major shareholder trimming its stake earlier in 2026 even as some company insiders added to their holdings during periods of share-price weakness, a split that has left investors divided on how to read the stock’s near-term trajectory.
Monday’s advance places Lovisa among the better performers on the ASX 200 for the session, though traders cautioned that a single day’s bounce, particularly one tied more to broad market positioning than fresh company news, does not necessarily signal a durable change in trend for a stock that has proven prone to sharp reversals. The shares will need to sustain buying interest in the sessions ahead if the current move is to develop into a more meaningful recovery rather than another short-lived swing in a volatile trading range.
For now, attention turns to how the stock performs heading into its ex-dividend date this week, and whether the operational momentum reported at the August results, particularly the strong start to fiscal 2027, continues to be reflected in comparable sales growth as the retailer heads deeper into its next reporting period. With reporting season now largely behind the broader market, Lovisa’s next scheduled update is expected to come with its half-year results, when investors will get a fuller picture of whether the early FY27 sales trends noted by management have held up across a longer stretch of trading.
Business
Gold slips as hotter US inflation lifts Fed hike bets, oil stokes price pressures

Gold slips as hotter US inflation lifts Fed hike bets, oil stokes price pressures
Business
Enhertu shows progression-free survival benefit in lung cancer trial

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