Xi Unveils Global South AI Initiative Amid U.S. Rivalry
Chinese President urged countries to strengthen AI safety while opposing the excessive use of national security concerns to restrict technology development
Business
Why Is Verizon Selling Stores And Cutting Jobs
The report said the latest move marks the third major workforce reduction under Chief Executive Officer Dan Schulman since late 2025.
Regulators Weigh Oversight Of Growing Prediction Markets
Prediction market platforms, including Polymarket, confirmed engagement with regulators, while exchanges such as CBOE are pursuing SEC-regulated products
Nvidia Deepens Japan Push With New AI Ecosystem
Cosmos 3 Edge is a "world model" designed to help robots and vision AI systems understand and navigate real-world environments in real time
Truth Social Launches Real-Time Service For Wall Street Traders
The service is designed for paying customers who want immediate access to posts from leading Truth Social accounts
June Retail Spending Misses Forecast Despite World Cup Boost
Online retailers and automobile dealerships recorded the biggest gains, with both categories rising 1.9%
Lilly Announces $2.8 Billion Psychedelics Acquisition
The deal values AtaiBeckley at $6.75 per share, a 26% premium over its previous closing price
Why Did SpaceX Stock Fall Below Its IPO Price
The report said the shares have dropped about 41 percent from their peak of $225.64, reducing the company's market value significantly.
Which Inflation Indicator Fell More Than Expected In June
The Producer Price Index fell 0.3% during the month, outperforming economists' expectations for no change.
Trump Says U.S. Investigating Possible Iranian Drones In Cuba
Trump told reporters that the administration is examining the possibility and warned that the United States would respond if evidence showed Iranian drones were being kept on the island.
Fed Chair Warsh Outlines New Strategy To Tackle Inflation
He acknowledged that elevated prices over the past five years have burdened American households and businesses
IBM Misses Q2 Expectations As Stock Tumbles
The company reported adjusted earnings of $2.93 per share on revenue of $17.2 billion
Buffett's Berkshire Donations Moves Away From Gates Foundation
Buffett also reiterated his goal of disposing of all his Berkshire shares within about eight years, with his children overseeing the process through 2034
Bosch Begins Sample Production At First U.S. Chip Plant
The report said Bosch acquired the Roseville, California, facility in 2023 and invested about $2 billion to modernize it.
States Launch Antitrust Challenge Against Paramount Deal
According to the lawsuit, the deal would weaken competition in blockbuster film distribution, theatrical releases and cable channel licensing.
Which Gadgets Are Becoming More Expensive Because Of AI
Data centers require large volumes of memory, leaving chipmakers such as Micron, Samsung and SK Hynix unable to meet demand from both AI infrastructure and consumer electronics.