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‘Skynet Day’

To be fair, James Cameron did warn us. Long before OpenAI broke out of its test corral and hacked into Hugging Face, before the internet and Sam Altman were even born, Cameron wrote a screenplay about an autonomous artificial intelligence system that triggers a nuclear apocalypse. That ...

Let’s talk about bonds

A reader asked about the capital appreciation potential of bonds: It’s sometimes said that bonds are a better investment than cash because bonds have the potential for underlying capital appreciation in addition to their regular yields. But what does the historical record say about that? Do bonds appreciate over time? And if so, how much? And how has this differed historically among different types of bonds? Strictly speaking, the underlying dollar value of most bonds won’t appreciate. With few exceptions, a bond’s price at maturity (also known as par value) will never ...

Millwood, Litco showcase advanced manufacturing

Local and state leaders recently received a firsthand look at advanced manufacturing and supply chain innovation as Millwood Inc. and its sister company, Litco International, welcomed guests as part of the Lordstown Economic Development Tour hosted by the Trumbull County Tourism Bureau. The ...

Business briefs

PROJECT CALL WINNERS: America Makes and the National Center for Defense Manufacturing and Machining in Youngstown have announced the winners of a recent project call with a $6 million budget. The Powder Alloy Development for Additive Manufacturing (PADAM) 2.0 is funded by the Air Force Research Laboratory, Foundational Technologies Directorate (AFRL/REMD), and aims to advance the readiness, manufacturability, performance and supply chain resilience of high-temperature refractory alloys for additive manufacturing (AM) applications relevant to the U.S. Department of War. “PADAM 2.0 ...

Blackwing tackles German supercars

For decades we’ve looked upon Cadillac as a posh boulevard cruiser with a cushy soft ride suitable for weddings, funerals or a night on the town. While some vestiges remain with large SUVs and sedans, a stable of high-performance sedans is more at home in oval racetracks where it shows off its prowess and then some. Enter the V Series Blackwing sedans, CT4-V and CT5-V — available in limited production starting in 2022. Our test car — a CT5 V boasts a hand-built 6.2-liter supercharged V8 engine mated with a 10-speed automatic transmission that develops 668 horsepower with untamed ...

Oil companies in US rake in huge profits since start of war

NEW YORK — American oil and gas giants raked in massive spring profits while fighting between Iran and the U.S. impeded petroleum shipments and consumers around the world paid more for fuel and confronted shortages. The conflict, now in its sixth month, halted most shipping through the Strait of Hormuz, a narrow waterway that previously served as a delivery route for a fifth of the world’s oil and natural gas. With global supplies constrained, prices for Brent crude, the international standard, soared from about $70 to above $100 a barrel for much of March, April and May, and at ...