US Mint produces a $1 coin bearing Trump's face to help celebrate America’s 250th birthday
Read full article: US Mint produces a $1 coin bearing Trump's face to help celebrate America’s 250th birthdayThe U.S. Mint has started producing a new $1 coin featuring President Donald Trump to help celebrate America’s 250th birthday.
Fed chair Warsh sidesteps Senate questions on inflation, AI, contact with Trump
Read full article: Fed chair Warsh sidesteps Senate questions on inflation, AI, contact with TrumpFederal Reserve Chair Kevin Warsh on Wednesday sought to evade a range of questions from senators on issues such as the impact of AI on inflation, what contacts he has had with President Donald Trump, and how the central bank will determine the persistence of inflation.
Warren Buffett explains why his kids, not the Gates Foundation, will now give away all his fortune
Read full article: Warren Buffett explains why his kids, not the Gates Foundation, will now give away all his fortuneBillionaire Warren Buffett says his decision to cut the Gates Foundation out of his charitable giving is more about believing his three kids are ready to handle giving away his entire fortune than it is about Bill Gates’ ties to convicted sex offender Jeffrey Epstein.
Amazon will launch its satellite internet in South Africa, seemingly beating Musk in his homeland
Read full article: Amazon will launch its satellite internet in South Africa, seemingly beating Musk in his homelandAmazon says that the technology company will launch its new satellite internet service Amazon Leo in South Africa in 2027.
Hong Kong booksellers are reportedly arrested over alleged sales of seditious publications
Read full article: Hong Kong booksellers are reportedly arrested over alleged sales of seditious publicationsLocal media are reporting that authorities in Hong Kong have raided two bookstores and arrested five people for allegedly selling seditious publications.
US producer prices drop 0.3% from May to June on lower energy prices, but outlook is cloudy
Read full article: US producer prices drop 0.3% from May to June on lower energy prices, but outlook is cloudyU.S. wholesale inflation fell from May to June on plunging energy prices but intensifying hostilities with Iran are clouding the outlook.
Donald Trump endorses 'Pillow Man' Mike Lindell for Minnesota governor
Read full article: Donald Trump endorses 'Pillow Man' Mike Lindell for Minnesota governorPresident Donald Trump has endorsed MyPillow founder Mike Lindell for Minnesota governor, praising him as “one of America’s greatest and most hard working Patriots.”.
US negotiator Brett McGurk will release a book on the Hamas hostage crisis
Read full article: US negotiator Brett McGurk will release a book on the Hamas hostage crisisA lead U.S. negotiator for the release of hostages captured by Hamas during the Oct. 7, 2023, attacks in Israel will have a book out this fall.
Gibraltar ushers in a new era as British territory's border fence with Spain is removed
Read full article: Gibraltar ushers in a new era as British territory's border fence with Spain is removedThe fence separating Gibraltar from Spain has been dismantled to ease travel for thousands who cross daily.
26 Meta employees sue, alleging AI-driven layoff picks hit workers on medical and parental leave
Read full article: 26 Meta employees sue, alleging AI-driven layoff picks hit workers on medical and parental leaveA group of 26 Meta employees has sued the company, claiming it used artificial intelligence systems that disproportionately targeted those on medical or family leave for layoffs.
Subaru issues recall for 541,000 SUVs over label with incorrect weight rating
Read full article: Subaru issues recall for 541,000 SUVs over label with incorrect weight ratingSubaru of America is recalling over 541,000 Crosstrek, Forester and Ascent vehicles in the U.S. due to an inaccurate label.
Bipartisan group of senators introduces legislation to avert looming Social Security shortfall
Read full article: Bipartisan group of senators introduces legislation to avert looming Social Security shortfallLawmakers in the Senate have unveiled a bipartisan proposal to address Social Security's looming insolvency.
Mystery bidder buys T. rex nicknamed 'Gus' for a record $50 million
Read full article: Mystery bidder buys T. rex nicknamed 'Gus' for a record $50 millionA Tyrannosaurus rex fossil billed as one of the world’s largest and most complete specimens has sold for a record $50.1 million at an auction.
Buffett omits gift to Bill Gates' foundation after Microsoft cofounder's Epstein ties disclosed
Read full article: Buffett omits gift to Bill Gates' foundation after Microsoft cofounder's Epstein ties disclosedBillionaire Warren Buffett omitted Bill Gates′ foundation from his annual donations this year after disclosures of the Microsoft co-founder’s ties to convicted sex offender Jeffrey Epstein.
An experimental Alzheimer's drug shows some promise as researchers hunt new approaches
Read full article: An experimental Alzheimer's drug shows some promise as researchers hunt new approachesAn experimental drug might help slow early Alzheimer's disease in a markedly different way than current treatments — by lowering the brain's production of a protein called tau.
Warsh says Fed has 'no tolerance' for high inflation but provides no hints on next move
Read full article: Warsh says Fed has 'no tolerance' for high inflation but provides no hints on next moveFederal Reserve Chair Kevin Warsh pledged to make high inflation “a thing of the past” in his first congressional testimony Tuesday, yet provided no signal about the central bank’s next steps.
Earthquake aid keeps flowing from Florida to Venezuela, as volunteers unite to help recovery
Read full article: Earthquake aid keeps flowing from Florida to Venezuela, as volunteers unite to help recoveryEighteen-year-old Alessandra Izaguirre is part of a massive grassroots effort to help Venezuela after devastating earthquakes.
Banks rake in big profits as both Wall Street and the US consumer stay strong
Read full article: Banks rake in big profits as both Wall Street and the US consumer stay strongFive of the biggest U.S. banks reported record profits on Tuesday, boosted by their trading desks and a remarkably resilient American consumer amid persistent global economic uncertainty.
New York won't build big data centers for a year as it weighs energy and climate risks
Read full article: New York won't build big data centers for a year as it weighs energy and climate risksNew York is blocking new large data centers that fuel artificial intelligence for up to a year to protect the environment and energy grid.
US reimposes its blockade on Iran after Tehran's attacks on ships in the Strait of Hormuz
Read full article: US reimposes its blockade on Iran after Tehran's attacks on ships in the Strait of HormuzThe U.S. military has reimposed its blockade of Iranian ports in response to Iran’s attacks on commercial ships in the Strait of Hormuz.
Subpoenas issued to NY Times reporters seen as 'unprecedented' threat to press freedom
Read full article: Subpoenas issued to NY Times reporters seen as 'unprecedented' threat to press freedomMedia advocates have reacted with alarm to subpoenas issued to five New York Times journalists who reported on security concerns about the new Air Force One.
China's June exports surge 27% from a year earlier as AI boom drives strong demand
Read full article: China's June exports surge 27% from a year earlier as AI boom drives strong demandChina has reported its export picked up pace in June, jumping 27% from a year earlier thanks to strong demand from the boom in artificial intelligence.
Inflation cools more than expected in June as gas costs fall, underlying prices ease
Read full article: Inflation cools more than expected in June as gas costs fall, underlying prices easeU.S. inflation cooled last month as the cost of gas, clothes, and used cars fell, providing some relief to consumers, while underlying price pressures also slowed more than expected.
Hundreds of economists say 'we must act now' on AI’s economic impact and job displacement risks
Read full article: Hundreds of economists say 'we must act now' on AI’s economic impact and job displacement risksHundreds of economists urge immediate action to address AI's potential impact on the economy.
Judge says Trump IRS lawsuit was filed for 'improper purpose,' refers lawyer for possible discipline
Read full article: Judge says Trump IRS lawsuit was filed for 'improper purpose,' refers lawyer for possible disciplineA federal judge says President Donald Trump’s lawsuit against the IRS over his leaked tax returns was filed for an “improper purpose” as she referred one of his attorneys for possible disciplinary action.
Regulators issue new guidance on bank lending risk tied to borrowers living illegally in US
Read full article: Regulators issue new guidance on bank lending risk tied to borrowers living illegally in USThe Trump administration is cracking down on banks lending to people living in the U.S. illegally.
Massive AI buildout poses latest inflation threat as consumers pay more for laptops and electricity
Read full article: Massive AI buildout poses latest inflation threat as consumers pay more for laptops and electricityAmerican consumers — and the Federal Reserve — are being hit with another high-cost headache.
Oil prices jump following the latest fighting in the Middle East, while AI stocks sink
Read full article: Oil prices jump following the latest fighting in the Middle East, while AI stocks sinkOil prices jumped following a weekend of attacks in the Middle East, while slumping AI stocks weighed on stock markets.
Keystone Pipeline system's operator agrees to pay a $26.9M penalty over a major Kansas oil spill
Read full article: Keystone Pipeline system's operator agrees to pay a $26.9M penalty over a major Kansas oil spillA proposed legal settlement with the U.S. government would require the Keystone Pipeline system’s operator to pay a civil penalty of nearly $27 million over a major oil spill in Kansas in December 2022.
Disney's live-action 'Moana' crashes to shore with an underwhelming splash at the box office
Read full article: Disney's live-action 'Moana' crashes to shore with an underwhelming splash at the box officeDisney's live-action “Moana” may be the top movie at the box office, but it didn't make a big splash in its first weekend.
Volkswagen CEO looks to avoid plant closures as automaker moves to cut costs
Read full article: Volkswagen CEO looks to avoid plant closures as automaker moves to cut costsVolkswagen’s CEO has indicated that he’s trying to avoid closing plants as he seeks to turn around the automaker’s performance.
Focus turns to building stronger institutions in Africa to speed shift to renewable energy
Read full article: Focus turns to building stronger institutions in Africa to speed shift to renewable energyAfrica’s renewable energy transition is entering a new phase as the continent shifts from proving that clean energy works to building the institutions needed to deploy it at scale.
Meta appeals landmark jury verdict that found it to blame for social media addiction for young users
Read full article: Meta appeals landmark jury verdict that found it to blame for social media addiction for young usersMeta, the parent company of Instagram and Facebook, is appealing the verdict of a landmark social media addiction lawsuit in Los Angeles.
Fellow passengers pull back man partly sucked out of broken window on a flight from Greece
Read full article: Fellow passengers pull back man partly sucked out of broken window on a flight from GreeceA passenger on board a flight from Greece to Germany was partially sucked out of a window when it broke soon after takeoff.
SK Hynix rises nearly 13% in debut on Wall Street as demand for memory chips soars amid AI frenzy
Read full article: SK Hynix rises nearly 13% in debut on Wall Street as demand for memory chips soars amid AI frenzyShares of South Korean memory chipmaker SK Hynix rose nearly 13% as they made their debut on Wall Street, at a time when demand for chips is surging thanks to the frenzy around artificial intelligence.
US demands Iran publicly state that Strait of Hormuz is open and Tehran won't attack ships anymore
Read full article: US demands Iran publicly state that Strait of Hormuz is open and Tehran won't attack ships anymoreThe U.S. is demanding that Iran make a public statement saying the Strait of Hormuz is open and that ships crossing the vital corridor won’t be attacked anymore.
EU demands Facebook and Instagram dismantle design features it calls addictive for users
Read full article: EU demands Facebook and Instagram dismantle design features it calls addictive for usersThe European Union is accusing Meta of breaching social media laws by designing Facebook and Instagram to be addictive.
New York construction scare highlights the challenges of converting offices into housing
Read full article: New York construction scare highlights the challenges of converting offices into housingThe buckling of two steel columns at the former Pfizer headquarters in Manhattan has raised questions about one of the nation’s largest office-to-apartment conversions.
Andreessen, Chetty among leaders of Fed's new task forces evaluating operations
Read full article: Andreessen, Chetty among leaders of Fed's new task forces evaluating operationsVenture capitalist Marc Andreessen, economist Raj Chetty and former Bank of England governor Mervyn King are among a slate of names released by the Federal Reserve Thursday that will help develop recommended changes to the central bank’s operations.
LA uses World Cup to show off upgraded public transit and test plans to hold car-free Olympics
Read full article: LA uses World Cup to show off upgraded public transit and test plans to hold car-free OlympicsLos Angeles officials have urged fans to chose public transit over driving during the 2026 FIFA World Cup.
Average 30-year US mortgage rate rises to 6.49%, pushing up homebuyers' borrowing costs
Read full article: Average 30-year US mortgage rate rises to 6.49%, pushing up homebuyers' borrowing costsThe average long-term U.S. mortgage rate drew closer this week to 6.5%, pushing up borrowing costs for prospective homebuyers.
News outlets urge a judge to sanction OpenAI in a high-stakes AI copyright fight
Read full article: News outlets urge a judge to sanction OpenAI in a high-stakes AI copyright fightThe New York Times, the Daily News and other media outlets are asking a federal judge to impose sanctions on OpenAI, escalating a legal fight over artificial intelligence and copyright that could shape the future of a struggling news industry.
US home prices hit an all-time high as sales slow and mortgage rates rise
Read full article: US home prices hit an all-time high as sales slow and mortgage rates riseSales of previously occupied U.S. homes slowed in June, but a key measure of home prices climbed to an all-time high, adding to prospective homebuyers’ affordability challenges.
US jobless claims dip modestly to 215,000 last week as layoffs remain at historically healthy levels
Read full article: US jobless claims dip modestly to 215,000 last week as layoffs remain at historically healthy levelsThe number of Americans filing for unemployment benefits dipped slightly last week as layoffs in the U.S. remain historically low.
PepsiCo says economic concerns weighed on customers in North American during recent quarter
Read full article: PepsiCo says economic concerns weighed on customers in North American during recent quarterPepsiCo reported stronger than expected revenue in the second quarter despite weaker demand in North America, where it said consumers tightened their budgets due to economic concerns.
Ukrainian drones batter Russian oil facilities and set more oil tankers ablaze
Read full article: Ukrainian drones batter Russian oil facilities and set more oil tankers ablazeUkrainian drones hit more Russian oil facilities and set two oil tankers ablaze in the Sea of Azov, a day after U.S. President Donald Trump pledged to grant Ukraine a license to manufacture the Patriot air defense systems.
Stocks recover losses, and oil prices ease as calm returns to financial markets worldwide
Read full article: Stocks recover losses, and oil prices ease as calm returns to financial markets worldwideStocks rose, and oil prices eased as financial markets calmed a day after President Donald Trump raised doubts about the temporary truce in the war with Iran.
Meta plans billions for first AI data center in Canada, largest outside the US
Read full article: Meta plans billions for first AI data center in Canada, largest outside the USFacebook and Instagram parent Meta said Wednesday it will invest more than 13 billion Canadian dollars ($9.1 billion) to build its first artificial intelligence data center in Canada and its largest outside the United States.
Fed minutes: Officials deeply divided over future path of US inflation
Read full article: Fed minutes: Officials deeply divided over future path of US inflationA Federal Reserve rate-setting committee agreed to keep its key rate unchanged at its meeting last month, though most officials were split over whether inflation is likely to stay elevated or whether it will cool once the Iran war winds down, according to minutes released Wednesday.
Obamacare premiums surged this year. A new analysis shows it's likely to happen again in 2027
Read full article: Obamacare premiums surged this year. A new analysis shows it's likely to happen again in 2027A new analysis of early rate filings shows that Affordable Care Act insurers are proposing another year of double-digit premium increases.
Polymarket is in a high-stakes race to win back trust as it recommits to the US market
Read full article: Polymarket is in a high-stakes race to win back trust as it recommits to the US marketAfter four years in exile, the prediction market platform Polymarket has begun a well-funded campaign to sell a new version of itself to the American public.
Oil prices rise, and stocks drop worldwide after Trump says ceasefire with Iran is 'over'
Read full article: Oil prices rise, and stocks drop worldwide after Trump says ceasefire with Iran is 'over'Oil prices rose, and stock markets dropped in shaky trading worldwide after President Donald Trump raised doubts about the temporary truce in the war with Iran.
US launches new airstrikes on Iran, with Tehran firing back at 3 Gulf Arab states
Read full article: US launches new airstrikes on Iran, with Tehran firing back at 3 Gulf Arab statesThe United States launched new airstrikes against Iran early Thursday, and Tehran responded by hitting Bahrain, Kuwait and Qatar in crossfire that again threatened an interim deal intended to help end the war.
From chicken, waffles to luxury hotels: FIFA World Cup 2026 boosts Houston businesses
Read full article: From chicken, waffles to luxury hotels: FIFA World Cup 2026 boosts Houston businessesA Grambling State University student working at a Houston café and a century-old downtown hotel are among the local businesses feeling the financial impact of FIFA World Cup 2026 and the numbers tell the story.
IMF expects world economy to grow a sluggish 3% this year, weighed down by Iran war but helped by AI
Read full article: IMF expects world economy to grow a sluggish 3% this year, weighed down by Iran war but helped by AIThe International Monetary Fund on Wednesday modestly downgraded its outlook for the world economy this year, citing the energy shock caused by the Iran war.
South Korean law targeting 'fake news' takes effect as journalist groups raise concerns
Read full article: South Korean law targeting 'fake news' takes effect as journalist groups raise concernsSouth Korea is enforcing a law that allows steep punitive damages against news outlets and social media influencers for spreading false information as journalist groups warned it could chill public discourse and invite censorship.
US launches new strikes on Iran, revokes oil sales permit after 3 ships attacked in Strait of Hormuz
Read full article: US launches new strikes on Iran, revokes oil sales permit after 3 ships attacked in Strait of HormuzThe U.S. military has attacked Iran after it said Tehran struck three ships in the Strait of Hormuz.
Trump says Walmart cut prices at his request, but Walmart statement omits administration's role
Read full article: Trump says Walmart cut prices at his request, but Walmart statement omits administration's rolePresident Donald Trump is claiming credit for Walmart's recent price cuts, though the retailer's statement doesn't mention his administration's involvement.
Is AI ready to take over your prescriptions? Doctors are wary of Utah's automated refill program
Read full article: Is AI ready to take over your prescriptions? Doctors are wary of Utah's automated refill programAn AI program in the state of Utah has sparked a vigorous debate about the role of the technology in health care.
Trump rings Wall Street's opening bells as he ties his presidency to stock market gains
Read full article: Trump rings Wall Street's opening bells as he ties his presidency to stock market gainsPresident Donald Trump has rung the opening bells for the New York Stock Exchange and the Nasdaq from the Oval Office.
Nonprofits and brands are navigating the partisan air of the 250th in search of a unifying tone
Read full article: Nonprofits and brands are navigating the partisan air of the 250th in search of a unifying toneNonprofits and companies want to unite Americans behind community service drives and patriotic brand activations in the nation's 250th year.
Delta pilot reports a close encounter with a July Fourth firework before landing in Chicago
Read full article: Delta pilot reports a close encounter with a July Fourth firework before landing in ChicagoA Delta Air Lines flight and a high-flying firework reportedly came into contact in the sky above Chicago as the city celebrated the Fourth of July holiday.
Ukrainian drones hit St Petersburg oil terminal in latest long-range attack on Russia
Read full article: Ukrainian drones hit St Petersburg oil terminal in latest long-range attack on RussiaUkrainian drones have struck an oil terminal in St. Petersburg as Kyiv ramps up bombardment of Russia’s oil infrastructure.
Belgian diamond group that won tariff relief gifted Trump a lavishly encrusted ring
Read full article: Belgian diamond group that won tariff relief gifted Trump a lavishly encrusted ringA lavish gold ring encrusted with diamonds, sapphires, emeralds and rubies has been presented to the U.S. ambassador to Belgium to give to President Donald Trump.
A California farmer is giving away tons of nectarines that he's not allowed to sell
Read full article: A California farmer is giving away tons of nectarines that he's not allowed to sellA California farmer has been giving away free nectarines this week amid a legal dispute with a food market and distributing company claiming exclusive rights over the variety of white nectarine he grows.
StubHub sued by fans who say ticket cancellations crushed dreams of going to World Cup
Read full article: StubHub sued by fans who say ticket cancellations crushed dreams of going to World CupAfter weeks of complaints from frustrated fans, StubHub is being sued by customers who say the ticket reseller’s inability to fulfill orders crushed their dreams of going to World Cup.
Average 30-year US mortgage rate falls to 6.43%, its lowest level in seven weeks
Read full article: Average 30-year US mortgage rate falls to 6.43%, its lowest level in seven weeksThe average long-term U.S. mortgage rate fell this week to its lowest level since mid-May, easing borrowing costs for prospective homebuyers.
Heat adds to strains on areas with data centers, raising the temperature on AI debates
Read full article: Heat adds to strains on areas with data centers, raising the temperature on AI debatesExtreme heat like the weather sweeping the eastern U.S. drives up energy demands for data centers, adding to their strain on power grids and worsening air quality for surrounding areas.
Soccer fans are into this year's World Cup, but the US still isn't a soccer nation, new poll finds
Read full article: Soccer fans are into this year's World Cup, but the US still isn't a soccer nation, new poll findsNew polling from Ipsos Sports, provided exclusively to The Associated Press, shows that the World Cup has excited soccer fans and piqued many Americans’ interest, even as the sport continues to face an uphill climb to reach mainstream popularity in the United States.
Tesla sales jumped last quarter in a possible sign the worst of the Musk backlash is behind it
Read full article: Tesla sales jumped last quarter in a possible sign the worst of the Musk backlash is behind itTesla car sales jumped over the past three months in a possible sign the worst of the boycotts against the automaker and lost market share to rivals are behind it.
Trump administration proposes a rule it says could save Medicare patients $1.1 billion on drugs
Read full article: Trump administration proposes a rule it says could save Medicare patients $1.1 billion on drugsThe Trump administration is proposing a new rule to keep hospitals from marking up discounted drugs for Medicare patients.
U.S. filings for jobless aid fall to 215,000 as layoffs remain at historically healthy levels
Read full article: U.S. filings for jobless aid fall to 215,000 as layoffs remain at historically healthy levelsU.S. applications for jobless aid inched down last week as layoffs remain at historically healthy levels.
A grim job outlook meets a scrappy workforce as administrative assistants harness AI
Read full article: A grim job outlook meets a scrappy workforce as administrative assistants harness AIEmployment data offers a grim outlook for secretaries and administrative assistants in the age of artificial intelligence, but workers in the women-dominated occupation say the numbers don’t tell the whole story.