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Storm clouds hover over the U.S. Capitol on July 1, 2025 in Washington, DC. Chip Somodevilla | Getty Images Several cryptocurrency-related bills backed by President Donald Trump failed to clear a key procedural hurdle in the House of Representatives on Tuesdays, dealing a major blow to the crypto industry. The failed vote delivers a major blow to to the crypto …

Trump tariffs push up inflation despite pressure on Fed to cut rates  Politico Here’s how Trump’s tariffs could be impacting prices for US consumers  CNN Rising Inflation Underscores Risks in Trump’s New Tariff Threats  The New York Times Inflation picks up again in June, rising at 2.7% annual rate  CNBC Inflation heats up in June as President Trump’s tariffs start to bite  NPR Source link

A Rolls-Royce aircraft engine on view during the Hannover Messe industrial trade fair on March 31, 2025. Ronny Hartmann | Afp | Getty Images British aerospace and defense company Rolls-Royce announced it is investing $75 million to expand its engine manufacturing facility in Aiken, South Carolina. The investment will boost output of mtu Series 4000 diesel engines, which are used …

By Nupur Anand, Tatiana Bautzer and Saeed Azhar NEW YORK (Reuters) -Large U.S. banks expressed optimism about the investment banking outlook for the rest of the year after dealmaking rebounded in the second quarter, as they reported in earnings on Tuesday. Yet lenders remained cautious about the uncertain economic environment and U.S. tariff policies. JPMorgan Chase, Citigroup and Wells Fargo …

In many corporate cultures, blame is the one currency that’s easy to give but difficult to hold. Who is really to blame for Nissan’s woes and, more pointedly, for the hard decisions the company now has to make? I think it’s important to reflect on this as the current CEO decides to make a change that, up until recently, seemed …

U.S. President Donald Trump on Tuesday publicly called on all Republicans to vote in favor of the GENIUS Act, a sweeping crypto bill aimed at positioning the United States as the global leader in digital assets during what is now being billed as “Crypto Week.” What Happened: Taking to social media platform Truth Social, Trump said, “Happy Crypto Week! The …

Scott Bessent confirms moves to replace Jerome Powell are under way: ‘There’s a formal process that’s already starting’ The search for the next leader of the world’s most influential central bank is officially under way, Treasury Secretary Scott Bessent told Bloomberg on Tuesday. “There’s a formal process that’s already starting,” he said when asked about efforts to find Jerome Powell’s …

Grok checked Musk’s posts, called itself “MechaHitler” xAI has been checking Elon Musk’s posts before providing answers on some topics, such as the Israeli/Palestinian conflict. xAI acknowledged this in an update today that addressed two problems with Grok. One problem “was that if you ask it ‘What do you think?’ the model reasons that as an AI it doesn’t have …

Alibaba, JD.com, Baidu Stocks Rise. China’s Economy Shows Resilience to Trump Tariffs.  Barron’s China’s Economy Grows Steadily Despite Trump’s Tariffs  The New York Times China posts better-than-expected Q2 growth in face of Trump tariffs  CNN China growth beats expectations as Trump tariffs loom  BBC China’s economy beats expectations in face of Trump’s trade war  The Guardian Source link

WeTransfer has confirmed it does not use files uploaded to their service to train artificial intelligence (AI) models. The file sharing company had received lots of criticism from customers on social media after changing its terms of service, which some interpreted as allowing it the right to use files for AI training. A WeTransfer spokeswoman told BBC News: “We don’t …