Meta launches Muse Wonder and Muse Wonder Full AI models, says it has reached the AI frontier
Meta's new models are pitched as closing the gap with OpenAI and Anthropic, and the paid Muse app subscription tests whether users will pay for AI access.
Ft · +14 outlets
Elon Musk gives $276 million to Republican groups, becoming the biggest known 2026 midterm donor
The record spending comes as Musk rebuilds ties with Trump while his companies hold federal contracts.
CNBC · +9 outlets
Microsoft reclaims $4 trillion market cap as it leans on homegrown Maia AI chips
The milestone caps a revival for Microsoft, which says using its own inference chips will expand margins and reduce reliance on Nvidia.
CNBC · +2 outlets
Houthi attacks on Saudi airports prompt FAA warning and Delta's delay of first US-Riyadh nonstop
The strikes on Riyadh's airport threaten the crown prince's plan to make the kingdom a finance and events hub and disrupt planned US airline service.
CNBC · +2 outlets
Trump weighs firing ambassador to Greece Kimberly Guilfoyle over alleged misconduct
The US president said he is looking at dismissing the envoy after a report she accepted improper gifts while in office.
CNBC · +14 outlets
Trump defends easing sanctions for a Russia diesel deal after bipartisan pushback
Zelenskyy said the move plays into Russia's hands, as global diesel markets grapple with tightening supply.
CNBC · +14 outlets
Fed's Hammack says higher rates may be needed to prevent an inflationary mindset
Fed minutes and Cleveland Fed comments point to another rate hike this year as inflation stays sticky.
CNBC · +3 outlets
Kroger to cut about 3,000 corporate jobs over three years
CEO Greg Foran said the cuts aim to simplify operations at the largest US supermarket chain.
Business Insider · +6 outlets
Nvidia and AMD shares fall as new AI data center announcements fail to re-energize investors
Optical stocks such as Ciena and Lumentum also sold off amid cautious commentary on AI spending.
MarketWatch · +14 outlets
Vance says Microsoft replaced laid-off workers with foreign hires; visa data scrutinized
The administration barred Microsoft and seven other firms from sponsoring green cards over the claims.
CNBC · +14 outlets
HCLTech Q2 net profit rises 11% QoQ to Rs 5,132 crore, beating estimates
The Indian IT services firm's results and FY27 guidance of 2.5% to 4% constant-currency growth are a bellwether for the sector's AI-era demand.
Business Upturn · +6 outlets
Nobel economics prize awarded to Robert E. Hall and Michael Woodford
The US economists were honored for work underpinning the models central banks use to stabilize economies.
CNBC · +14 outlets
Saudi-led coalition says drones and missiles still targeting kingdom as Houthis escalate
Trump said he would look at joining Saudi Arabia against the Iran-backed Houthis, a step analysts warn could stretch US resources.
CNBC · +13 outlets
Intel and Broadcom CEOs warn a capital crunch could become AI's biggest bottleneck
Access to financing, not chip supply, may emerge as the key constraint on the AI buildout.
CNBC · +9 outlets
Nvidia weighs acquisition or further investment in Reflection AI
The move would extend Nvidia's reach into open-model AI development beyond its chip business.
Proactive financial news · +13 outlets
IMF warns AI is hitting the global labor market like a slow-moving tsunami
A World Bank jobs council urged crisis-era employment support measures, with young workers most exposed.
CNBC · +12 outlets
Anthropic invests $100 million to train deployed AI engineers, targeting 10,000 by 2027
The effort aims to accelerate enterprise adoption by embedding engineers inside customer organizations.
Business Insider
US stocks hover near records in mixed trading as oil surges and earnings loom
Investors are awaiting big bank earnings and inflation data while oil prices above $106 weigh on sentiment.
LancasterOnline · +1 outlets