Federal Reserve Holds Interest Rates Steady At Warsh’s First Meeting
The decision, approved unanimously by the Federal Open Market Committee, reflects the central bank’s view that inflation remains elevated relative to its long-term target of 2%.
Business
How Are China’s Slowdown And The Iran War Hurting BMW
BMW cited higher energy costs linked to the Iran conflict, saying elevated prices are increasing operating expenses and hurting consumer confidence across global markets
Mortgage Rates Ease But Housing Market Remains Weak
Total mortgage application volume fell 3.8% from the previous week. The average rate for a 30-year fixed mortgage remained at 6.60%, while refinancing applications declined 5%
SpaceX Rally Continues As Market Value Surpasses Amazon
The surge pushed SpaceX past Amazon in market capitalization on Tuesday and briefly allowed the company to overtake Microsoft
Are All Billionaires Thieves Or Can One Legitimately Earn Wealth?
This idea reflects the labor theory of value as expressed by Karl Marx. Workers, in justice, claim the entire value of production, according to Marx.
Is DoorDash Down? What We Know About The Latest Outage
Users reported problems logging into accounts, placing food orders, tracking deliveries, and accessing the company's website and mobile applications.
SpaceX Beats Microsoft In Market Value After IPO Rally
SpaceX’s market capitalization reached approximately $2.94 trillion, edging above Microsoft’s $2.93 trillion valuation
What Does SpaceX’s $60 Billion Cursor Acquisition Mean For AI
Cursor will become a wholly owned subsidiary of SpaceX after the deal closes in the third quarter
U.S. Oil Emergency Reserve Reaches Reagan-Era Levels
According to newly released Department of Energy data, the reserve stood at approximately 340.3 million barrels for the week ending June 12.
DoorDash To Stop Blacklisting Conservative Nonprofits In Employee Giving Program
DoorDash uses the impact platform Deed to facilitate employees’ charitable giving and volunteering
Why Did The Trump Administration Restrict Anthropic’s AI Models
Amazon CEO Andy Jassy raised concerns with senior Trump administration officials about potential security risks linked to Anthropic’s most advanced AI models
What Does Fox’s $22 Billion Roku Deal Mean For Streaming
The acquisition combines Fox’s portfolio of news, sports and entertainment content, including its free streaming service Tubi, with Roku’s platform and device ecosystem, which reaches roughly 100 million users.
Why Is Ford Recalling More Than 255,000 Vehicles Again
According to the recall notice, a malfunctioning canister purge valve can cause engines to stall unexpectedly while vehicles are in motion, increasing the risk of crashes and injuries
Investors Eye SpaceX Debut As Markets Await Iran Breakthrough
The S&P 500 rose 0.2%, the Dow Jones Industrial Average gained nearly 200 points, and the Nasdaq Composite slipped slightly.
How Did Elon Musk Become The World’s First Trillionaire
The new SpaceX valuation lifted his fortune to just over $1 trillion, cementing his position as the world's richest individual
Appeals Court Allows U.S. To Continue Collecting 10% Tariffs
The decision allows the tariffs, imposed in February under Section 122 of the Trade Act, to remain in effect as the court reviews whether the administration acted within its legal authority.