Business

France Opens Criminal Investigation into Musk’s X  PCMag French probe of Musk’s X deepens as police are called in  Reuters France opens criminal probe into X algorithms under Musk  The Hill France launches criminal investigation into Musk’s X over algorithm manipulation  politico.eu France opens criminal investigation into X for alleged algorithmic manipulation  Cointelegraph Source link

The U.S. is inviting a debt shock if it continues on its current trajectory, which is starting to look like unsustainable student loans, according to Jared Bernstein, who previously served as the chair of President Joe Biden’s Council of Economic Advisers. In a New York Times op-ed on Wednesday, he acknowledged that he was once a longtime dove when it …

Global Economy: US Inflation to Pick Up on More Tariff Pass-Through  Bloomberg June Inflation Report Will Show Impact of Tariffs. Is the Market Ready?  Barron’s Week Ahead for FX, Bonds: U.S. Inflation Data in Focus  The Wall Street Journal A key piece of the next consumer-price report risks upsetting the bond market  MarketWatch New U.S. Inflation Data Next Week—This Is a Big One  BMO Economics …

In her last public appearance as CEO of X, Linda Yaccarino sat down last month at the Cannes Lions advertising conference with tennis great Serena Williams. Along with touting Williams’ forthcoming X podcast, the pair found common ground in their experiences with the social media platform long known as Twitter. The exchange took on new resonance this week in light …

Elon Musk has rejected reports that his artificial intelligence venture xAI is gearing up for a new fundraising round. A report had suggested that the company is looking at a funding round that could value the company between $170 billion and $200 billion. What Happened: Saudi Arabia’s Public Investment Fund (PIF) was reported to play a crucial role in this …

Tesla has begun rolling out Grok, an in-car conversational AI assistant developed by xAI, to eligible vehicles starting July 12. The feature marks the most direct integration yet between Elon Musk’s artificial intelligence startup and Tesla’s consumer product lineup, offering drivers hands-free access to a chat-style companion while on the road. Grok comes pre-installed on new vehicles According to Tesla’s …

Midstream operators aren’t flashy, but they crank out dependable cash flow, fund generous distribution payouts, and are set to benefit from surging demand for natural gas tied to artificial intelligence (AI), data centers, and liquid natural gas (LNG) exports. Here are five high-yield stocks with growing distributions that also have solid upside potential. Energy Transfer (yield: 7.4%) Energy Transfer (ET …

Key Takeaways A June report on the Consumer Price Index should show a bump in the inflation rate, possibly due to the impact of President Donald Trump’s tariffs. Some forecasters expect tariffs to have an “undeniable” effect on prices, while others are uncertain. Inflation has stayed relatively mild this year despite concerns among experts and the public that merchants will …

New York CNN  —  President Donald Trump’s shock-and-awe tariff campaign is off to a slow start when it comes to reviving American manufacturing jobs. While it will take time for the full impact to play out, the early results suggest that not only have tariffs failed to inspire a hiring boom, but the chaotic policy rollout is paralyzing businesses. Economists …

Wall Street posted fresh all-time highs this week, fueled by a relentless rally in Nvidia Corp. NVDA, which became the first company in history to surpass a $4 trillion market capitalization, igniting optimism across the tech and AI sectors. The chipmaker extended its winning streak to a seventh straight week — and the 11th in the last 12 — nearly …