Senate Confirms Kevin Warsh to Fed Board, Clearing Path to Chairmanship Vote
Kevin Warsh secured Senate confirmation to the Federal Reserve board, advancing toward a vote on his nomination as Fed chairman amid partisan opposition and policy debates.
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Markets & Macro
AI & Tech Regulation
Sam Altman Responds to Elon Musk’s Lawsuit Over OpenAI’s Direction and Leadership
In a high-stakes trial, Sam Altman dismisses Elon Musk’s claims of theft and corporate mismanagement, defending OpenAI’s mission and leadership.
Corporate Power
Applied Materials and TSMC Join Forces at $5 Billion Silicon Valley Hub to Advance AI Chip Technology
Applied Materials and TSMC are collaborating at a $5 billion Silicon Valley EPIC Center to accelerate semiconductor innovations that address the complex demands of advanced AI chips.
Trade & Tariffs
NYC Correction Department Set to Renew Controversial Rikers Phone Contract Amid Privacy Concerns
The city plans to extend a multimillion-dollar deal with Securus Technologies, despite privacy advocates warning over AI surveillance of detained individuals’ phone calls.
Energy & Climate
Maine Advocates Urge State to Enforce Climate Goals Through Legislation
A coalition of environmental groups calls on Maine to transform voluntary climate targets into binding laws, including land restoration, pesticide bans, and a new conservation office.
Defense & Security
Pakistan Denies Sheltering Iranian Aircraft Amidst US-Iran Ceasefire Strain
Pakistan rejected claims of hosting Iranian military planes amid escalating tensions as the fragile US-Iran ceasefire faces growing uncertainty and diplomatic strain.
Markets & Macro
Motorola Launches Moto Tag 2 with UWB Support and Extended Battery Life for Android Find Hub
Motorola has quietly started selling the Moto Tag 2, featuring ultra-wideband tracking and a significantly longer battery life, enhancing the Android Find Hub ecosystem.
Trade & Tariffs
Trump and Xi Aim to Manage Iran Dispute Without Derailing China Summit Talks
Ahead of a critical summit in Beijing, the United States and China strive to prevent their sharp disagreements over the Iran conflict from undermining broader diplomatic and trade discussions.
Crypto & Fintech
Bitcoin Escape from Panic Selling, Yet Strong Capital Inflows Remain Limited
Bitcoin has exited its panic selling phase with price gains and reduced losses, but capital inflows have yet to reach levels seen in previous recoveries.
Crypto & Fintech
CleanSpark Reports $378M Q2 Loss Driven by Bitcoin Price Decline Amid AI Expansion
Bitcoin miner CleanSpark posted a $378 million net loss in its fiscal second quarter, largely due to Bitcoin’s price drop, yet continued expanding its BTC holdings and AI infrastructure.