Meta’s investment in Scale AI has disrupted the tech industry, with Google, OpenAI, and xAI pausing projects. Contractors face uncertainty, and one investor has exited. The partnership raises concerns over data privacy and trust, reshaping the AI landscape.
Nike has delayed the launch of a new women’s activewear brand in the U.S., developed with Kim Kardashian’s Skims. The postponement raises questions about logistics or strategy, but anticipation remains high for this innovative sportswear collaboration.
New Jersey Governor Phil Murphy cuts electric bills by $60 for 3.9 million residents ahead of summer heat waves using $430 million. However, eligibility criteria remain unclear, raising questions about accessibility and long-term relief.
Stock markets face potential sharp declines if the US joins an Israel-Iran conflict, warn analysts. Rising oil prices and geopolitical uncertainty could trigger selloffs, impacting global economies. Investors are advised to diversify as tensions mount in the Middle East.
The Federal Reserve’s latest projections raise stagflation fears, with no rush to cut interest rates amid high inflation and rising unemployment. This cautious stance signals uncertainty for businesses and investors, as the Fed balances economic growth and price stability in a challenging landscape.
Coinbase stock surges with a stablecoin payment solution via Shopify and Senate’s GENIUS bill approval. This innovation challenges Visa, Mastercard, and PayPal, while legislative support boosts crypto adoption. Coinbase leads the digital finance revolution.
The NTSB has issued a rare safety alert over potential engine issues in Boeing 737 Max aircraft, raising concerns in the aviation industry. This could impact Boeing’s reputation, airline operations, and passenger confidence as investigations continue.
The DOJ has executed the largest cryptocurrency seizure ever, targeting ‘pig butchering’ scams. This historic action, involving millions in digital funds, highlights law enforcement’s fight against online fraud and underscores the need for public vigilance in the evolving digital landscape.
Bernie Moreno, Ohio Senate candidate, has joined the MAGA-led criticism of Fed Chair Jerome Powell, accusing the central bank of harming small businesses and lacking transparency. His stance signals a growing political battle over economic policy ahead of the 2026 elections.
Nippon Steel has completed a $14.2 billion acquisition of U.S. Steel, marking a historic shift in the global steel industry. After nearly two years of negotiations and national security debates, the deal raises questions about the future of American manufacturing and international industrial collaborations.
