Business

Key Takeaways President Donald Trump said he expects the GENIUS Act to clear a key procedural hurdle Wednesday after the stablecoin bill ran into resistance a day earlier. The price of Bitcoin climbed above $119,000, and shares of crypto companies like Circle and Coinbase improved in recent trading. Trump said on Truth Social he convinced Republicans who voted with Democrats …

Wholesale prices are flat in June, PPI shows, and point to muted effect of tariffs on inflation  MarketWatchView Full Coverage on Google News Source link

AI safety researchers from OpenAI, Anthropic, and other organizations are speaking out publicly against the “reckless” and “completely irresponsible” safety culture at xAI, the billion-dollar AI startup owned by Elon Musk. The criticisms follow weeks of scandals at xAI that have overshadowed the company’s technological advances. Last week, the company’s AI chatbot, Grok, spouted antisemitic comments and repeatedly called itself …

SpaceX’s patch for the KF-01 mission illustrates a Falcon 9 rocket with a batch of Kuiper broadband satellites inside its payload fairing. Credit: SpaceX Vulcan, Ariane 6, and New Glenn have all now launched successfully, but none of them have yet demonstrated the ability to launch more than twice a year. Vulcan and Ariane 6 appear to be on track …

US companies in China decry overproduction as price war hits profits  Financial TimesView Full Coverage on Google News Source link

US House votes to move forward with stablecoin GENIUS, crypto market structure bills following tumultuous procedural vote  The Block Crypto bills stall again on House floor  Politico Trump says crypto regulation bills that failed to advance earlier now have the votes to move forward  CNBC Genius Act, Clarity Act, Crypto Week, and Why It All Matters  Barron’s Republicans declared it ‘crypto’ week in the …

Key Takeaways Netflix’s second-quarter results are due out after the closing bell Thursday. Analysts expect the streamer to post substantial growth year-over-year in both revenue and profit. Analysts will be watching for the impact of higher subscription prices and Netflix’s new first-party advertising platform. Netflix (NFLX) is scheduled to report second-quarter results after the closing bell Thursday, with analysts largely …

Mark Zuckerberg proclaimed that Meta would spend hundreds of billions of dollars on developing artificial intelligence products in the near future and, to that end, construct a data center planned to be nearly the size of Manhattan. The parent company of Facebook, Instagram and WhatsApp is among the large tech companies that have struck high-profile deals, and doled out multimillion-dollar …

The chief executive of Guinness-owner Diageo has stepped down with immediate effect, the drinks giant has announced. In an unusual move for a big corporation, Debra Crew has left her role without a succession plan in place. The firm is looking for a replacement, and in the meantime chief financial officer Nik Jhangiani will take on her role. Diageo has …

As Apple’s stock trades down double digits since the start of the year, market onlookers are hoping its next earnings call will show strength and dispel doubts about Tim Cook’s leadership. The iPhone maker has faced pressure across the board since the start of the year, especially as President Donald Trump’s tariffs threaten its Asia supply chain. At the same …