Elizabeth Warren Calls Trump's Memecoin An 'Illegal Scam'
The SEC should determine whether the cryptocurrency amounted to an illegal scam or a "soft rug pull," where insiders gradually profit while retail investors absorb heavy losses.
Business
Saudi Aramco Reports Strong Q2 Earnings
CEO Amin H. Nasser said the company's infrastructure, storage capacity and export terminals helped maintain production despite regional instability.
Amazon Reaches $3 Trillion Market Value On AI Boom
Chief Executive Officer Andy Jassy said both the company's artificial intelligence and custom chip businesses have surpassed annualized revenue run rates of $25 billion.
US Manufacturing Hits Four-Year High In July
Fifteen of the 16 major manufacturing industries recorded growth during the month, with chemical products being the only sector to contract.
Trump Criticizes Exxon, Chevron Over Iran War Profits
The increase has been driven in part by concerns over disruptions to oil shipments through the Strait of Hormuz.
FAA Certifies Boeing 737 MAX 7 After Years Of Delays
The company is now increasing production of the 737 MAX and 787 Dreamliner as it works toward its long-term financial targets.
US Pushes To Reduce Reliance On China's Rare Earth Magnets
Beijing's dominance of the sector and its use of export controls during the 2025 trade dispute prompted Washington to strengthen domestic production and diversify supplies.
U.S. Manufacturing Growth Beats Expectations
The ISM Purchasing Managers' Index rose to 55.6 in July from 53.3 in June, beating analysts' expectations of 54
What Did Hugging Face CEO Say About China's AI Progress
Delangue attributed China's rapid progress to its collaborative open-source ecosystem
ABC Complains Of ‘Retaliation’ By Trump Administration
ABC said that the Trump administration agency’s nearly unprecedented decision to order an early license review of the eight Disney-owned ABC stations is a warning from the government to other media companies
China Rejects US Forced Labour Allegations Over Xinjiang
The ministry said the measures disrupt global supply chains, harm the legitimate interests of Chinese companies and amount to economic coercion.
Chevron, Exxon Post Higher Profits On Rising Crude Prices
Chevron's net income climbed to $12 billion, nearly four times higher than a year earlier, while adjusted earnings exceeded Wall Street expectations.
Why Did Amazon Shares Surge While Apple Stock Fell
The contrasting performances highlight Wall Street's growing focus on artificial intelligence
Mamdani Announces City-Run Grocery Stores Will Offer 30% Discount. Critics Say It Will Crush Local Businesses.
Mamdani’s office noted that the basket of goods “will include all fresh produce, meat and seafood, along with roughly 20 additional categories of pantry staples, dairy and refrigerated goods.”
Labor Department Reports Modest Rise In Unemployment Claims
The previous week's figure was revised upward to 188,000, while the four-week moving average, which smooths short-term fluctuations, declined to 202,750.
What Caused The US Economy To Miss Growth Expectations
Gross domestic product grew at an annualized rate of 1.5% between April and June, below both the previous quarter's 2.1% pace and economists' forecasts