What we’re reading (2/5)
“Stocks Fall After Powell Says Caution Is Needed On Rate Cuts” (Wall Street Journal). “The S&P 500 backed off its record high and bond yields jumped Monday after investors’ hopes for a Federal Reserve interest-rate cut next month were all but dashed.”
“Palantir Stock Jumps 19% As AI Demand Drives Revenue Beat” (CNBC). “In a letter to shareholders, Palantir CEO Alex Karp said the company’s expansion and growth ‘have never been greater,’ especially as demand for large language models in the U.S. ‘continues to be unrelenting.’ Palantir has been rolling out its Artificial Intelligence Platform, or AIP, and Karp said the company carried out nearly 600 pilots with the technology in 2023, up from fewer than 100 in 2022.”
“How The U.S. Became The World’s Biggest Gas Supplier” (New York Times). “America’s gas export boom initially caught many policymakers by surprise. In the early 2000s, natural gas was relatively scarce at home, and companies were spending billions of dollars to build terminals to import gas from places like Qatar and Australia. Fracking changed all that.”
“Disentangling Demand And Supply Of Media Bias: The Case Of Newspaper Homepages” (Tin Cheuk Leung, Koleman Strumpf). “In this study, we propose a novel approach to detect supply-side media bias, independent of external factors like ownership or editors’ ideological leanings. Analyzing over 100,000 articles from The New York Times (NYT) and The Wall Street Journal (WSJ), complemented by data from 22 million tweets, we assess the factors influencing article duration on their digital homepages. By flexibly controlling for demand-side preferences, we attribute extended homepage presence of ideologically slanted articles to supply-side biases. Utilizing a machine learning model, we assign ‘pro-Democrat’ scores to articles, revealing that both tweets count and ideological orientation significantly impact homepage longevity. Our findings show that liberal articles tend to remain longer on the NYT homepage, while conservative ones persist on the WSJ. Further analysis into articles’ transition to print and podcasts suggests that increased competition may reduce media bias, indicating a potential direction for future theoretical exploration.”
“Real Identity Of Bitcoin Founder ‘Satoshi Nakamoto’ Could FINALLY Be Revealed In Court…And May Unlock £36billion Fortune” (The U.S. Sun). “A UK court will now decide if Craig Wright, 54, is the mysterious, anonymous crypto-king who disappeared from the internet over a decade ago. Wright, an Australian computer scientist who lives in London, has been arguing since 2016 that he is the real Nakamoto - a claim largely dismissed by the cryptocurrency world.”
