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Fed Chair Warsh Holds Rates, Reviving Greenspan’s AI Bet to Keep Inflation in Check
Federal Reserve Chair Kevin Warsh used his first meeting in charge of the central bank this past week to hold interest rates steady and to make clear how he plans…
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H&M Profit Stays Flat as Restructuring Costs Offset Its Turnaround Gains
H&M, the Swedish fashion retailer, reported second-quarter earnings on Thursday, June 25, that fell short of analysts’ expectations as restructuring costs offset continued improvements in the company’s underlying profitability. Chief…
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Nearly 1 million bottles of heart and kidney medication recalled over foreign substance found on tablets
Nearly one million bottles of heart and kidney medication have been recalled nationwide over the possibility of a “foreign substance,” according to the U.S. Food and Drug Administration. California-based Amgen,…
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Ken Griffin Donates $26 Million to Complete Theodore Roosevelt Library Before July 4 Opening
The Theodore Roosevelt Presidential Library announced Thursday, June 25, that it has received a $26 million gift from billionaire investor Kenneth C. Griffin to help finish construction of the library…
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Bahrain condemns Iran’s ‘systematic pattern of aggression,’ calls on UN to hold Tehran accountable
The renewed Iranian attack marks a “dangerous escalation” that is part of a continued, targeted attack against Bahrain’s sovereignty, the Bahraini Foreign Ministry said in a statement on Sunday morning.…
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Leaked draft reveals Trump’s Gaza Board of Peace seeks total legal immunity, free property – report
US President Donald Trump‘s Board of Peace (BoP) is planning to grant itself total legal immunity for actions undertaken in the Gaza Strip, according to a leaked resolution draft published…
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South Korea planning to train 500,000 ‘drone warriors’ to counter North Korea
South Korea will rapidly expand its drone and counter-drone capabilities to counter North Korea, including by training 500,000 “drone warriors” and distributing tens of thousands of unmanned systems across frontline…
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U.S., Israel and Lebanon Sign Friday Accord Netanyahu Calls Blow to Iran and Hezbollah
Israeli Prime Minister Benjamin Netanyahu said Saturday, June 27, that a new agreement his government signed with Lebanon and the United States is a major blow to Iran and the…
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Trump Orders Saturday Strikes on Iranian Air Defenses and Drone Sites Over Tanker Attack
The fragile ceasefire that had eased fears of a prolonged disruption to global energy markets came under renewed pressure Saturday, June 27, after the United States launched a second consecutive…
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Mamdani’s Democrats: New York City’s primary results bode ill for US-Israel relations – editorial
The results of the New York House primaries that took place on Tuesday were an alarming wake-up call for supporters of Israel and any Jewish Democrats concerned about the future…
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Nobel economist warns AI doomsday job fears could become self-fulfilling prophecy
A Nobel Prize-winning economist has warned that persistent predictions of artificial intelligence destroying the job market could become a self-fulfilling prophecy. Robert Shiller, who shared the 2013 Nobel Prize in…
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Venezuela welcomes 1,600 foreign rescuers in urgent search for quake survivors
Venezuela’s government said on Saturday that 1,600 members of foreign rescue teams had arrived to help search for survivors of the devastating twin earthquakes, which killed more than 900 people…
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Warriors, AI Cloud provider Iren reach sponsorship deal that reportedly is largest in North American sports
The Golden State Warriors will have a new company patch on their jerseys, and it will set a new precedent in the sponsorship deal space. IREN, an Australian-founded vertically integrated…
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Ryanair ‘reluctantly’ ends mandatory fees for parents to sit with children amid investigation
Ryanair will “reluctantly” allow parents to sit with their children for free after an investigation into the practice was opened, bringing the airline in line with European industry standards. Previously,…
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Nasdaq Plunges 4.6% for the Week as AI Selloff Accelerates, Dow Defies the Market
Wall Street closed a bruising week on Friday, June 26, with investors continuing to dump many of the technology companies that have fueled the market’s historic rally over the past…
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US strikes Iran in retaliation for Strait of Hormuz cargo ship attack
The United States conducted military strikes against Iranian targets on Friday in retaliation for Iran’s attack against a cargo ship in the Strait of Hormuz on Thursday, US Central Command…
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US-Israel-Lebanon sign trilateral framework agreement aimed at dismantling Hezbollah
The United States, Israel, and Lebanon signed a trilateral framework agreement aimed at combating Iran-backed Lebanese terrorist group Hezbollah on Friday, after days of US-mediated talks in Washington. According to…
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Polestar banned from US market under rule targeting China-linked connected vehicles
Polestar said on Thursday that the Trump administration is forcing the electric vehicle maker to stop selling vehicles in the U.S. starting with the 2027 model year under a new…
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State Medicaid Directors Defend Records as House Probes Fraud
Representative John Joyce of Pennsylvania, chairman of the House Energy and Commerce Oversight and Investigations Subcommittee, led a hearing Thursday in which Medicaid directors from four states defended their fraud-prevention…
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Dell shareholders approve legal move from Delaware to Texas
Dell Technologies on Thursday announced that shareholders granted their approval to the company’s plan to switch its state of incorporation from Delaware to Texas. Michael Dell, founder and CEO of…
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Amazon’s Zoox Unveils a Production Robotaxi and Prepares to Start Charging for Rides
Zoox, the self-driving unit owned by Amazon, unveiled what it called a “production-intent” version of its cube-shaped robotaxi on Wednesday and said it plans to begin charging passengers for rides…
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Small Plane Crashes Into Beijing’s Tallest Skyscraper, Triggering Evacuation
A small aircraft crashed into Beijing’s tallest building Friday afternoon, according to witness accounts and Chinese media reports, damaging the glass façade of the CITIC Tower and forcing an evacuation…
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Mamdani celebrates rent freeze for stabilized housing as board member quits, blasts vote process
The New York City Rent Guidelines Board (RGB) voted 7-1 on Thursday to freeze the rent for rent-stabilized apartments. A summary of the rent-stabilized apartment guidelines adopted on Thursday indicates…
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Tech CEO predicts AI glasses will turn Americans into ‘walking cameras’ as next tech era arrives
The next era of mobile technology will turn everyday Americans into “walking cameras” as AI-powered smart glasses monitor everything they see and hear, according to Qualcomm CEO Cristiano Amon. During…
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AI Chip Rout Drags Emerging Markets Down 3.9%, Triggers New Korea Trading Halt
The Korea Exchange halted trading on its benchmark Kospi index on Friday, June 26, after a fresh wave of selling in artificial-intelligence and memory-chip shares tore through emerging markets and…
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Iran reasserts its right to control shipping in Strait of Hormuz after ship hit near Oman
Tehran reasserted its right on Friday to control shipping in the Strait of Hormuz and warned Gulf states against siding with the US, a day after an attack on a…
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Apple raises iPad and MacBook prices as memory chip costs surge
Apple on Thursday announced that it raised prices on its iPad and MacBook devices because of rising memory and chip costs amid the rapid buildout of the AI industry. The…
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SpaceX Plans an 8-Mile “Starpipe” Gas Line in Texas to Fuel Its Starship Rockets
SpaceX plans to begin construction next month on an eight-mile natural gas pipeline called Starpipe to feed its South Texas launch complex, according to a filing made last month with…
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Tucker Carlson’s campaign to get Ambassador Mike Huckabee fired – opinion
A coordinated campaign Mike Huckabee flew to Washington to take part in very sensitive negotiations concerning Lebanon. He arrived to find that The Daily Caller, founded by Tucker Carlson, had…
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Two-year rent freeze for NYC stabilized apartments approved by Rent Guidelines Board
The Rent Guidelines Board on Thursday voted to approve a rent freeze for one- and two-year leases for New York City’s one million stabilized apartments, the first time the panel…
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Nasdaq Sinks 1.1%, S&P 500 and Dow Slip on Reported OpenAI IPO Delay
Wall Street opened lower Friday, June 26, as a fresh wave of selling in technology shares weighed on the major indexes, even as new economic data showed Americans are becoming…
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JPMorgan Names Two Co-Presidents and Loses a Front-Runner in the Race to Replace Jamie Dimon
JPMorgan Chase promoted two of its most senior executives, Doug Petno and Troy Rohrbaugh, into newly created co-president roles on Thursday, the bank announced, in the clearest signal yet of…
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Gulf countries weigh next steps after Iran war amid Rubio visit to Bahrain, Kuwait, UAE
US Secretary of State Marco Rubio traveled to the Gulf to meet with key US partners in the region, with a goal of showcasing “strong partnerships,” the US Department of…
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Senate Democrats Open Probe Into Trump’s $16 Million Reflecting Pool Repair
AP Photo: Workers clean algae from the Lincoln Memorial Reflecting Pool on the National Mall in Washington, D.C., as restoration work continues following a multimillion-dollar renovation. A group of Senate…
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Grocery Inflation Holds Near a Three-Year High at 2.7% in May
Grocery prices are still climbing at close to their fastest pace in years, keeping pressure on household budgets even as the broader economy’s inflation story is dominated by energy. According…
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onsemi Buys Synaptics for $7 Billion to Chase Physical AI as Its Shares Fall
AP Photo: The onsemi corporate logo is displayed at the company’s headquarters as semiconductor components used in automotive, industrial and artificial intelligence applications are shown in the foreground. onsemi and…
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Waymo Sets Up a German Company, Aiming Its Robotaxis Straight at the Heart of Europe’s Car Industry
Waymo, the self-driving unit owned by Alphabet, has registered a German company as it prepares to bring its driverless robotaxis to Europe, according to a company registration filing first reported…
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Microsoft CEO Nadella Warns a Few AI Giants Could Swallow the Economy
Microsoft Chief Executive Satya Nadella warned that a small group of powerful artificial intelligence companies could end up capturing most of the wealth the technology creates, hollowing out entire industries…
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Permira-Backed Womenswear Retailer Reformation Files for US IPO
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Spain’s lower house calls on PM Sanchez to resign in non-binding vote
The fragmented lower house of the Spanish parliament on Thursday passed a non-binding resolution urging Prime Minister Pedro Sanchez to resign due to a slew of corruption scandals hounding his…
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U.S. Bars Polestar From Selling Cars Starting in 2027 Over Its Chinese Ownership
Polestar, the Swedish electric-vehicle maker, said Thursday that the U.S. Department of Commerce declined to grant it authorization to sell cars in the United States from the 2027 model year…
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Fire at Delta’s Pennsylvania Refinery Injures Three and Tests an Already Tight Fuel Market
A fire broke out Thursday at the Trainer Refinery in Pennsylvania, owned by Delta Air Lines through its Monroe Energy subsidiary, the company said in a statement, sending a towering…
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BlackBerry Lifts Fiscal 2027 Forecast as QNX Software Sales Jump 26 Percent
BlackBerry raised its full-year sales and profit forecast on Thursday, June 25, after its embedded-software division turned in one of its strongest quarters in years and Chief Executive John Giamatteo…
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California voters to consider ballot measure to increase taxes on billionaires
California voters will decide in November whether to impose a one-time 5% tax on billionaires under a ballot measure supporters say could raise about $100 billion to help offset federal…
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How antisemitic rhetoric seeped into Albania’s anti-Kushner protests
The massive daily street protests rocking this Balkan capital began May 31 as a public outpouring of anger against a $4 billion coastal resort proposed by US President Donald Trump’s…
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Today’s the freshest angle. Let me pull the original source to confirm the figures and the Friday catalysts.
Let me confirm the Apple price-hike consumer angle, which is the everyday-business hook here. Korean Stocks Plunge Over 8% as Apple Price Hikes Sink Chipmakers, Halt Trading South Korea’s main…
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Iran seeks multibillion-dollar role in Strait of Hormuz reopening as US forbids tolls – report
Iran is looking to make billions of dollars from the re-opening of the Strait of Hormuz, the Wall Street Journal reported Thursday, citing officials familiar with the matter. According to the officials,…
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SK Hynix Files for a $29 Billion U.S. Listing, One of the Largest Ever
South Korean memory-chip giant SK Hynix filed with the U.S. Securities and Exchange Commission on Wednesday, June 24, to raise roughly $29 billion through a Nasdaq listing — a deal…
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Flexport CEO Calls Remote Work ‘White-Collar Fraud,’ Reigniting the Office Fight
The chief executive of an $8 billion logistics company that boomed during the pandemic has reopened the debate over working from home with a blunt verdict: it’s a scam. Ryan…
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Iran Strikes Cargo Ship Near Oman, Oil Jumps 2% and Hormuz Evacuation Halts
AP Photo: Oil tankers and cargo vessels wait at anchor near the Strait of Hormuz off the coast of Oman as commercial shipping cautiously resumes through one of the world’s…
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