Business
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Powell Reaffirms Fed’s Dollar Swap Line Role, But Political Risks Loom
Fed Chair Jerome Powell said the central bank stands ready to use dollar swap lines to support global liquidity—but political…
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Job Openings Jump in May, but Hiring Slows — A Labor Market in Stall Mode
Job openings in May surged past expectations to 7.77 million—but with hiring down and layoffs flat, the labor market looks…
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Markets Hold Steady as Trump Tax Bill Clears Senate, But Bond Yields Spike
Stocks mostly held ground after the Senate passed Trump’s sweeping tax-and-spending bill. But bond markets took notice, with rising yields…
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Meta Launches Superintelligence Labs, Brings Scale AI CEO Alexandr Wang Onboard
Meta has consolidated its AI efforts into Meta Superintelligence Labs under Alexandr Wang and Nat Friedman, aiming at AGI with…
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Paramount in Advanced Talks to Settle Trump Lawsuit Amid $8.4B Skydance Merger
Paramount Global is nearing a settlement with Donald Trump over a $20 billion lawsuit tied to a 2024 “60 Minutes”…
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Apple Considers OpenAI or Anthropic to Overhaul Siri, Marking Rare Strategic Shift
Apple is testing AI models from OpenAI and Anthropic to replace or supplement its own underperforming tech behind Siri. The…
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Warren Buffett Donates $6 Billion in Berkshire Stock to Five Foundations
At age 94, Warren Buffett is giving away another $6 billion in Berkshire stock—primarily to the Gates Foundation and four…
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Trump Says He’s Found Buyers for TikTok U.S.—But No Deal Yet
Donald Trump claims a group of top investors is ready to buy TikTok’s U.S. business—but with China blocking algorithm transfers…
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Nvidia Insiders Sell $1 Billion in Stock, But Markets Stay Calm
Despite $1 billion in insider sales—including $500 million this month alone—investors remain confident in Nvidia’s AI-fueled future. Here’s what the…
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Newsom Sues Fox News for $787 Million in Defamation Clash Over Trump Call
Governor Gavin Newsom has filed a $787 million defamation suit against Fox News, claiming the network aired manipulated footage to…
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