Business

Trump Live Updates: Pittsburgh A.I. Summit, Ukraine Weapons, Mass Layoffs and More  The New York Times A $75B investment is coming to Pa. Here’s what tech and energy leaders are saying before the Pittsburgh summit.  Pittsburgh Post-Gazette Pittsburgh event featuring Trump, Shapiro to tout $70B in energy, AI investments across Pa.  TribLIVE.com Trump attending major energy and AI summit today at Pittsburgh’s Carnegie …

Ruth Porat, President & Chief Investment Officer of Alphabet & Google, speaks during the Reuters NEXT conference, in New York City, U.S., December 10, 2024. Mike Segar | Reuters Alphabet‘s Google will invest $25 billion in data center and artificial intelligence infrastructure over the next two years in states across the biggest electric grid in the U.S., the technology company …

Today Apple announced a new commitment of $500 million with MP Materials, the only fully integrated rare earth producer in the United States. With this multiyear deal, Apple is committed to buying American-made rare earth magnets developed at MP Materials’ flagship Independence facility in Fort Worth, Texas. The two companies will also work together to establish a cutting-edge rare earth …

JPMorgan CEO Jamie Dimon warned that President Trump’s trade policies pose “significant risks” to the US economy — even as the bank announced second quarter profits that were once again boosted by its trading. Dimon, at the helm of JPMorgan for nearly two decades, reiterated that the commander-in-chief’s tariff plans could upend growth, while praising the passing of Trump’s Big …

WASHINGTON (AP) — JPMorgan’s second-quarter profit fell to $15 billion in second quarter, but the New York bank beat Wall Street expectations. CEO Jamie Dimon on Tuesday touted another strong performance by the bank, particularly its markets division, where revenue rose by 15% to $8.9 billion. JPMorgan earned an adjusted $5.24 per share in the period, beating the $4.48 analysts …

NEW YORK (AP) — The lights are on at the Consumer Financial Protection Bureau across the street from the White House, and employees still get paid. But, in practice, the bureau has been mostly inoperable for nearly six months. CFPB employees say they essentially spend the workday sitting on their hands, forbidden from doing any work by directive from the …

U.S. Inflation Accelerated in June as Trump’s Tariffs Pushed Up Prices  The New York Times Inflation picks up again in June, rising at 2.7% annual rate  CNBC Live: Analysis of US CPI Report for June  Bloomberg.com Inflation heats up in June amid fears of Trump trade war effects  Axios US inflation rebounded in June to highest level in four months  CNN Source link

Jane Fraser, CEO, Citigroup, speaks at the 28th annual Milken Institute Global Conference at the Beverly Hilton in Beverly Hills, California on May 5, 2025. Patrick T. Fallon | AFP | Getty Images Citigroup reported second-quarter results on Tuesday that topped analyst expectations after a three-month period that saw the bank’s stock dramatically outperform the market. Citigroup’s net income of …

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Bitcoin Pulls Back as Record Rally Triggers Profit Taking  Bloomberg.com Bitcoin tops $120,000 for the first time  CNN What is the US’s Crypto Week? Why has Bitcoin hit a record high?  Al Jazeera Bitcoin Price Soars Past $120,000 at Outset of House’s ‘Crypto Week’  The New York Times Bitcoin becomes world’s fifth-largest asset by market cap, surpassing Amazon as price hits $122,000  The Block Source …