Israel-linked hackers have escalated cyber warfare by targeting Iran’s financial systems, destroying over $90 million in assets at a major crypto exchange. This attack, following a breach of a key bank, highlights the growing role of digital conflict in geopolitical tensions.
OpenAI has ended its partnership with Scale AI following Meta’s billion-dollar investment and hiring of Scale AI’s founder. This move highlights shifting alliances in the AI industry, raising questions about data security and competition as OpenAI considers in-house solutions or new partners.
A deadly listeria outbreak linked to frozen chicken fettuccine alfredo sold at Kroger and Walmart has claimed three lives and caused one pregnancy loss. With 17 ill, health officials urge consumers to discard affected products and stay vigilant about food safety.
President Trump has criticized Federal Reserve Chair Jerome Powell, hinting at dissatisfaction with monetary policy and musing about leading the central bank himself. This bold statement raises concerns about the Fed’s independence and its impact on economic stability.
Nike has delayed the launch of its new brand with Kim Kardashian’s Skims, originally set for this spring. The collaboration, blending sportswear and style, aims to redefine athleisure. While reasons for the delay remain unclear, anticipation continues to build for this high-profile partnership.
Credit card annual fees are soaring in 2025, impacting banks like JPMorgan. While higher fees may boost revenue, they risk alienating customers. This trend poses both opportunities and challenges for banking stocks, with consumer behavior and economic factors shaping the future.
The Trump Organization’s $500 Made-in-America smartphone promise has sparked skepticism among experts. Can it defy manufacturing realities, or is it just hype? Industry challenges and lack of details raise doubts about this ambitious vision.
The Federal Reserve now projects a 3.1% rise in the core PCE inflation index for 2025, exceeding prior estimates. This signals persistent price pressures, raising concerns for businesses and consumers. The Fed faces a delicate balance in curbing inflation without stifling growth.
The Federal Reserve has kept interest rates at 4.25%-4.5%, citing concerns over stagflation. With inflation high and growth slowing, Chair Powell emphasized a wait-and-see approach. This cautious stance aims to balance economic risks, but uncertainty lingers for businesses and consumers.
Microsoft is preparing to step back from high-stakes talks with OpenAI over its shift to a for-profit model. Crafting contingency plans, Microsoft aims to protect its AI dominance, signaling a pivotal moment for tech partnerships and the balance between innovation and commerce.
