Business

IN A NUTSHELL 🚀 Elon Musk’s xAI secures a $200 million contract with the U.S. Department of Defense, aligning with industry leaders like OpenAI and Google. 🔍 The inclusion in the GSA schedule allows federal agencies widespread access to xAI’s cutting-edge AI solutions, such as Grok 4. ⚠️ Concerns arise over bias and reliability in Grok’s output, highlighting the need …

President Trump said late Tuesday that he has reached a deal with most of the House Republicans who derailed a procedural vote earlier in the day, putting a trio of cryptocurrency bills on a path to consideration in the lower chamber. The announcement — made on Truth Social — came after Trump said he met with 11 out of 12 of …

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Goldman Sachs CEO David Solomon speaks during the Goldman Sachs Investor Day at Goldman Sachs Headquarters in New York City, U.S., February 28, 2023.  Brendan Mcdermid | Reuters Goldman Sachs is scheduled to report second-quarter earnings before the opening bell Wednesday. Here’s what Wall Street expects: Earnings: $9.53 per share, according to LSEG Revenue: $13.47 billion, according to LSEG Trading …

Tesla is going to a rare trial after a woman died after a vehicle on Autopilot sent her 75 feet into the air. 04:49 ET, 15 Jul 2025Updated 16:16 ET, 15 Jul 2025 A lawsuit against Tesla and its driver-assistance technology goes to trial in Florida A rare trial against Elon Musk’s car company has begun over the death of …

Trump’s trade war begins to show up in inflation data  Axios Inflation picks up again in June, rising at 2.7% annual rate  CNBC Morning Bid: Tariff imprint in US consumer price data  Reuters Inflation heats up in June as President Trump’s tariffs start to bite  NPR Tariff inflation arrives  Financial Times Source link

An icon of ASML is displayed on a smartphone, with an ASML chip visible in the background. Nurphoto | Nurphoto | Getty Images ASML on Wednesday warned of the possibility of no growth in 2026, even as it beat top and bottom line expectations for the second quarter. ASML’s guidance for the current quarter missed expectations while it narrowed its …

A one pound price label in bowls of produce on a grocery stall at East Street Market in London, UK, in spring 2024. Bloomberg | Bloomberg | Getty Images The U.K.’s annual inflation rate hit a hotter-than-expected 3.6% in June, according to data released by the Office for National Statistics (ONS) on Wednesday. Economists polled by Reuters had anticipated inflation …

WASHINGTON (AP) — President Donald Trump says he has finally found a way to achieve his goal of removing Federal Reserve Chair Jerome Powell, accusing him of mismanaging the U.S. central bank’s $2.5 billion renovation project. The push comes after a monthslong campaign by Trump to try to rid himself of the politically independent central banker, who has resisted the …

For months, Port of Los Angeles Executive Director Gene Seroka warned of slashes to shipment arrivals from China and reduced hours for dock workers and truckers as a result of President Donald Trump’s aggressive tariff threats. As the busiest port in the U.S. saw record-setting shipping volumes last month, Seroka still isn’t breathing a sigh of relief. The Port of …