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CNN  —  President Donald Trump expanded his tariff threats over the weekend, calling for 30% levies on two of America’s largest trading partners: the European Union and Mexico. Those tariffs are set to take effect August 1, unless either party inks a trade deal or takes other measures that cause the president to reverse course. If that does not happen, …

Amazon’s Prime Day, which leads to an overall boost to U.S. e-commerce thanks to competitive sales, saw a significant increase in retail traffic driven by generative AI products, including chatbots and browsers. According to a post-Prime Day analysis by Adobe Analytics, gen AI traffic to U.S. retail sites increased by 3,300% year-over-year — which was more than the firm had …

Meta’s Zuckerberg pledges hundreds of billions for AI data centers in superintelligence push  Reuters Meta CEO Mark Zuckerberg touts AI build-out, says company will spend hundreds of billions on data centers  Yahoo Finance Mark Zuckerberg Says Meta to Build Several Gigawatt-Size Data Centers  Bloomberg Meta keeps AI spending spree going — plus Amazon shuts down Prime Day critics  CNBC Eighty years after bomb, is …

Panasonic opened its second battery plant in the U.S. on Monday. It’s located in De Soto, Kansas. Tesla is Panasonic’s largest customer, and local production will help protect the batteries from tariffs and global trade tensions. The 2170 cylindrical cells made in De Soto will have more energy capacity, the company claims. Tesla battery supplier Panasonic Energy on Monday inaugurated …

Here’s how Trump’s feud with Fed Chair Jerome Powell escalated  Axios Contenders to succeed Powell slam Fed chair as White House pressure intensifies  Yahoo Finance Trump again slams ‘stupid’ US Fed chairman over interest rate levels  Al Jazeera Powell asks inspector general to review $2.5 billion renovation after Trump blasts Fed project  CNBC Fed Defends Renovations as White House Widens Attacks on Central Bank  The …

How long will Tim Cook stay Apple’s CEO? The question has come up often, but a new report indicates any big leadership transition is likely a lot farther off than you might expect. No internal signs of Cook preparing to retire or find successor, per Bloomberg Last week Apple announced that long-time COO Jeff Williams was leaving. Williams is the …

Cognition, the startup behind the viral AI coding agent Devin, announced in a blog post on Monday that it has signed a definitive agreement to acquire AI coding startup Windsurf. The announcement comes just days after Google hired away Windsurf’s CEO Varun Mohan, co-founder Douglas Chen, and research leaders in a $2.4 billion deal, a reverse-acquihire that left the rest …

Tesla is on trial in Miami today in a case that accuses Elon Musk’s company of liability in a fatal crash involving Autopilot. The driver-assist system has come under scrutiny in the past for a number of fatal incidents, but Tesla has only rarely faced a jury trial over the question of whether Autopilot was at fault for someone’s death. …

The threat to fire Powell is getting real  Axios Why Trump’s push for a 1% Fed policy rate could spell trouble for US economy  Reuters The Fed Is Built to Resist Trump’s Meddling  Bloomberg.com Can the Next Fed Chair Truly Be Independent From Trump’s Influence?  The New York Times Monday Moneybeat: The Fed fight  wng.org Source link

What to Expect From Tuesday’s Inflation Report 50 minutes ago So far, the impact of President Donald Trump’s campaign of steep tariffs against U.S. trading partners has been difficult to spot in hard economic data, but that may be about to change. A report on the Consumer Price Index is expected to show a notable uptick in inflation, according to …