House Panel Urges Wizards, Capitals Owner To End Alibaba Ties
According to the report, Rep. John Moolenaar requested confirmation by July 15 that the company has severed ties with the Chinese technology giant and its affiliates.
Business
Trump Administration Ends Iran Oil Sales Authorization
According to the report, U.S. officials said the memorandum of understanding with Iran was always intended to be performance-based, with continued sanctions relief dependent on Tehran's conduct.
Amazon Eyes $25 Billion Debt Raise For AI Investments
Amazon, Alphabet, Microsoft and Meta are collectively expected to spend more than $700 billion on AI this year.
Ro Khanna Says The Quiet Part Out Loud About His ‘Billionaire’ Tax
Anyone who knows any history about taxes knows that the left always uses “tax the rich” as a cover to raise taxes on the middle class
Why Are Senate Democrats Investigating Trump's IRS Settlement
Senators Elizabeth Warren, Chuck Schumer and Ron Wyden sent letters to 11 companies connected to Trump and his family
Trump Rings Wall Street Opening Bells, Highlights Stock Market Gains
The report said the benchmark stock index has gained about 10 percent this year, even as consumer prices have increased 4.2 percent over the past 12 months.
Microsoft Cuts 4,800 Jobs As AI Push Reshapes Business
According to the report, about 1,600 of the job cuts will affect the Xbox division immediately, with additional reductions planned during the fiscal year.
Boeing Accelerates 737 Manufacturing Amid Rising Demand
The company is raising monthly 737 production from 42 to 47 aircraft following consultations with the Federal Aviation Administration.
Why Is Lockheed Martin Acquiring Ultra Maritime
According to the report, the acquisition will strengthen the company's naval defense portfolio as global demand for advanced military technologies continues to rise.
China's Foreign Minister Begins Nordic Tour In Denmark
The visit marks the first stop in Wang's broader engagement with Nordic countries.
Former Olympian Indicted Over Lincoln Memorial Reflecting Pool Damage
If convicted, Hearn could face a maximum prison sentence of 10 years under federal law.
U.S. Job Growth Slows Sharply In June
Despite the slowdown, the unemployment rate edged down to 4.2%, reflecting continued resilience in the broader labor market even as hiring softened.
Why Did Tesla Stock Fall Despite Strong Delivery Numbers
Tesla is attempting to recover from two consecutive years of declining vehicle sales amid stronger competition from Chinese and European automakers
What Is Behind The EU's $4.7 Billion Fine On Google
The case marks the conclusion of the European Union's long-running competition battle against Google.
Why Does Robinhood Believe AI Can Rival Human Traders
Robinhood's vision for "agentic trading" is to let AI agents execute trades and financial tasks that currently require human decision-making.
Microsoft Creates New AI Team To Help Businesses Adopt AI
The new unit will deploy 6,000 employees directly with clients through a model known as forward deployed engineering (FDE).