Why Is FIFA Set To Earn A Record $9 Billion From The World Cup
The new 48-team format increased the tournament from 64 to 104 matches, creating more broadcasting rights, ticket sales and commercial sponsorship opportunities
Business
U.S. Judge Declines To Halt Meta Layoffs Amid AI Bias Lawsuit
Meta has denied the allegations, maintaining that employment decisions were made by managers rather than artificial intelligence.
Anthropic, Meta Hold Early AI Infrastructure Talks
The New York Times reported the potential agreement could be worth about $10 billion, lifting Meta's shares on Friday.
Apple Briefly Overtakes Nvidia As World's Most Valuable Company
Nvidia's stock briefly fell about 3%, reducing its market capitalization to around $4.84 trillion, while Apple's valuation climbed to roughly $4.88 trillion
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
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