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Google’s AI divisions are getting reshuffled, the search giant announced on Wednesday, with chief scientist Jeff Dean leaving the company after 27 years. Demis Hassabis, the CEO of Google DeepMind, is moving into a chairman role of that unit and also assuming the title chief scientist of parent company Alphabet, according to a memo from CEO Sundar Pichai that was posted to Google’s blog. Alphabet shares fell about 4% after the announcement.Dean, a pioneer in artificial intelligence who’s been credited with some of Google’s most important technical breakthroughs, is starting his own company along with Google senior fellow Sanjay Ghemawat,…

I created the dominant assurance contract aka the refund bonus mechanism in 1998–it’s a mechanism capable of producing some types of public goods privately–in recent years working with Tim Cason and Robertas Zubrickas I’ve put refund bonuses to the test in lab experiments and they work! I’ve written an accessible Refund Bonus Explainer that covers this body of work. Here’s one bit: The dike is a public good. Once it stands, it protects everyone nearby, and a neighbor who contributed nothing cannot easily be excluded. That property is what makes it hard to finance. Paul Samuelson defined public goods in…

Banxico Expected to Hold Interest Rate at 6.50%: Reuters Poll Mexico Business News

Jeff Dean, Google’s chief scientist and one of its first employees, is leaving to launch his own company.

Please enable JavaScript if it is disabled in your browser or access the information through the links provided below. August 04, 2026 Federal Reserve Board announces approval of the application by Banco Santander, S.A. and Santander Holdings USA, Inc. For release at 4:30 p.m. EDT The Federal Reserve Board on Tuesday announced its approval of the application by Banco Santander, S.A., of Madrid, Spain, and Santander Holdings USA, Inc., of Boston, Massachusetts, to acquire Webster Financial Corporation, and thereby indirectly acquire Webster Bank, National Association, both of Stamford, Connecticut. For media inquiries, please…

I use a few behavioral hacks to manage my executive-function challenges. The simplest is a weekly email to myself reminding me to make reservations for date night that weekend. I have been doing this in one form or another for decades.1  Pre-pandemic, the most desirable dinner reservations at popular restaurants were for the 7:00 to 7:30 slot. But as of late, the earlier time slots have become increasingly popular. 6:30 is the new 7:30. I can’t tell you for sure why this is; maybe people are excited about getting home to stream the latest season of Lioness or Ted Lasso?…

The three traits to look for in young companies that could attract a Big Tech buyer. Listen to the audio version of this article (generated by AI). Editor’s Note: Sometimes the biggest clues about the future of AI come from the acquisitions the tech giants make. That’s why I asked my colleague Luke Lango to share his latest research. Today, Luke examines Apple’s acquisition of Q.ai – an obscure AI startup it reportedly purchased for nearly $2 billion despite having no sales or public product. He explains what that deal tells us about where the biggest AI gains can be…

Listen to the audio version of this article (generated by AI). The 47% earnings headline has an asterisk… the sector actually carrying the load… and the guy who keeps building things nobody saw coming The second-quarter earnings season has turned into one of the strongest in years. The S&P 500 is on pace for blended earnings growth of 47.4% for Q2. If that holds, it’ll be the best growth rate the index has posted since Q2 2021. Just one week ago, that estimate sat at 38.0%. Two weeks before that, it was 23.2%. In other words, this number has nearly…

Nasdaq-100 Posts Worst Month Since March 2025 Amid heightened AI-related scrutiny, volatile energy prices tied to the ongoing Iran conflict, and mounting uncertainty over the Fed’s policy path, equities were mixed in July, with the Nasdaq-100 declining roughly 7% for its worst month since March 2025. Although the S&P 500 finished the month down 0.1%, the S&P 500 Equal Weight Index gained 1.0%, outperforming its market-cap-weighted counterpart for the second consecutive month. US value (+2.1%) was the only segment to post a gain, while US small-caps             (-1.9%) and US mid-caps (-2.3%) lagged. Bonds struggled as investment grade corporate bonds and…

Cotton futures were down 8 to 22 points in the front months with other contracts, up 2 to 40 points. Crude oil was down $5.20 per barrel, with the US dollar index down $0.031.The Monday Crop Progress report showed condition ratings pegged at 42% good/excellent, down 4 percentage points on the week. The Brugler500 index was down 11 points to 325. A large portion of that drop came in TX (-17 points), with GA up 1 point.  Don’t Miss a Day: From crude oil to coffee, sign up free for Barchart’s best-in-class commodity analysis.   Export data from Census showed…