Category: Business

Trump Imposes New Tariffs on Solar Panel Materials to Protect U.S. Polysilicon Industry

President Donald Trump has introduced new tariffs and price rules on polysilicon imports to strengthen U.S. solar and semiconductor supply chains and reduce dependence on China

Anthropic’s Claude AI Models Hack Three Companies During Cybersecurity Testing

Anthropic revealed that Claude AI models accessed three companies during cybersecurity testing after a testing environment was accidentally exposed to the internet

Fed Holds Interest Rates Steady as Three Officials Push for Hike Amid Inflation Concerns

The Federal Reserve kept interest rates unchanged at its July 2026 meeting, but three officials dissented in favor of a rate increase as inflation concerns and economic uncertainty continue

Shein Pursues Hong Kong IPO Despite Controversies and U.S. Tariffs

Shein has filed for a Hong Kong IPO as it deals with widening losses, the impact of U.S. tariffs on Chinese goods, and lingering reputational issues related to Xinjiang cotton sourcing

OpenAI Reveals AI Models Autonomously Breached Hugging Face During Cybersecurity Testing

OpenAI revealed that its advanced AI models autonomously breached Hugging Face during a cybersecurity evaluation, raising new concerns about AI agents, model safety, and the future risks of autonomous systems

Samsung Electronics Cuts U.S. Workforce by 739 Ahead of U.S. Headquarters Move

Samsung Electronics America plans to cut 739 jobs in New Jersey as part of cost saving restructuring and ahead of moving its U.S. headquarters to Texas, offering relocation options for affected employees.

Major U.S. Banks Kick Off Q2 Earnings Season

Major U.S. banks begin the Q2 2026 earnings season as investors monitor profits, consumer spending, loan growth, AI investments, and the U.S. economy

Fiat Launches $14,000 Topolino EV in America as Tiny Electric Car Targets Urban Mobility

Fiat has launched the Topolino electric microcar in the United States, offering a $13,995 starting price, compact design, and 46-mile range as the company targets urban communities and short-distance mobility

Stock Markets Edge Higher on Earnings, Tech Gains and Global Macro Signals

U.S. markets ticked higher, led by technology gains and supportive futures, while global markets reacted to China policy cues and macroeconomic developments, pushing stocks ahead on Monday

Iran Peace Deal Boosts Stocks as Oil Prices Slide Globally

U.S. stocks surged and oil prices fell after a tentative Iran peace deal eased energy supply fears, boosting investor confidence and market stability.

Senator Graham Platner Wins Maine Democratic Primary Amid Controversy

Democratic Senator Graham Platner won Maine's closely watched Senate primary despite controversies and internal party divisions, setting the stage for a high-stakes general election in a key battleground state.

Lululemon Cuts Full-Year Revenue and Profit Forecasts, Shares Drop Sharply Amid U.S. Demand Weakness

Lululemon Athletica lowers its full-year revenue and profit forecasts after softening demand in the U.S., sending shares tumbling, while growth in China offsets some domestic weakness.

Anthropic Confidentially Files for Historic U.S. IPO

Anthropic confidentially filed for a U.S. IPO after reaching a reported $965 billion valuation, positioning the AI company for one of Wall Street’s biggest listings.

US Stocks Hit Records as Dell Soars on Strong AI Earnings for 2026

US stocks hit record highs as Dell surged on strong AI earnings, boosting Wall Street amid growing confidence in tech growth and the 2026 economy.

Google Engineer Charged in Alleged Insider Trading Scheme on Polymarket

Federal prosecutors charged a Google software engineer with insider trading after allegedly using confidential search trend data to profit from bets on Polymarket.

Ferrari Unveils Luce, Its First Fully Electric Supercar

Ferrari unveiled the Luce, its first fully electric vehicle featuring over 1,000 horsepower, futuristic design collaboration with Jony Ive, and luxury grand touring performance.

Senate Republicans Delay Immigration Bill After Disputes Over Donald Trump Funding Requests

Senate Republicans delayed a major immigration funding package after internal disputes erupted over Donald Trump’s ballroom project and controversial anti-weaponization fund.

SpaceX Files for Historic IPO That Could Become Largest Stock Market Debut Ever

SpaceX officially filed for its long-awaited IPO, revealing major AI ambitions, Starlink growth, and a potential valuation exceeding $1.5 trillion.

Elon Musk Loses Major Lawsuit Against OpenAI and Sam Altman

A federal jury rejected Elon Musk’s lawsuit against OpenAI and Sam Altman, handing the AI company a major legal victory in a closely watched Silicon Valley battle

PayPal Reaches $30 Million DOJ Settlement Over DEI Program

PayPal agreed to a $30 million DOJ settlement over its diversity-focused investment initiative, marking a major escalation in the Trump administration’s crackdown on DEI programs.

Oil jumps as Trump rejects Iran ceasefire response; shares mixed

Oil prices surged over 4% after Trump rejected Iran’s ceasefire response, while Asian shares traded mixed amid rising Middle East tensions.

Cloudflare Cuts 20% of Workforce in Major AI-First Restructuring

Cloudflare is cutting 20% of its workforce as part of an AI-first restructuring plan, raising concerns about automation and the future of jobs in the tech industry.

Six injured in Washington state school stabbing

At least six people were injured in a Washington state school stabbing, with the suspect in custody and police investigating the incident.