Economy

SoftBank founder and CEO Masayoshi Son told shareholders on Wednesday that artificial intelligence remains in its early stages and any suggestion of a market bubble constitutes a “blasphemy against AI,” adding religious significance to SoftBank’s massive investments in AI companies like Sam Altman’s OpenAI.

UPS is planning to cut 525 jobs in Belgium, more than half of its entire workforce in the country, the Christian trade Union ACV denounced to local outlets.

President Donald Trump on Tuesday touted a recent 60-cent fall in gas prices as traffic continues to flow in the Strait of Hormuz on the heels of the Iran war.

The dirtiest little secret inside the gilded menagerie of monetary policy is that Kevin Warsh’s supposedly radical new approach to central bank communications is far more conventional and not as new as it seems.

President Donald Trump’s migration curbs are reducing the rents paid by Americans for their housing, says the White House. 

The “freedom” to stop the heartbeat of an unborn child equals “economic freedom,” Melat Kiros, a socialist congressional candidate in Colorado, suggests in her campaign platform, ironically nailing precisely what critics have said modern day feminism now stands for.

President Donald Trump delivers remarks on affordability issues Americans are dealing with on Tuesday, June 23.

Mark Zuckerberg’s Meta has suspended an internal AI training initiative after sensitive employee data was inadvertently exposed across the entire company, according to internal screenshots obtained by Business Insider.

The Chinese communist government on Monday added ten American firms to its export control list, including rare miner MP Materials Corporation and rare earth magnet manufacturer USA Rare Earth. 

Shares of Elon Musk’s SpaceX climbed five percent on Tuesday morning after briefly falling below its $150 debut price following several losing sessions that erased investors gains over its first week trading.

Software giant Oracle disclosed in a regulatory filing that it has eliminated 21,000 positions over the past year, representing nearly 13 percent of its workforce, as the software giant accelerates AI integration across its operations. 

On Monday’s broadcast of “CNN News Central,” Rep. Greg Stanton (D-AZ) said that in dealing with former President Joe Biden going forward, “we should be celebrating the successes that happened during the Joe Biden administration, particularly the Inflation Reduction Act,

Why did America’s manufacturing productivity crash as we opened our markets to the world?

Although Iran proclaimed the Strait of Hormuz was once again closed on Saturday, tankers continued to move through the vital waterway, including Very Large Crude Carriers (VLCCs) and liquid natural gas (LNG) tankers.

Pro-censorship group Newsguard is working to train AI models to fight misinformation, while rating Chinese state-owned media outlets as more reliable than American, center-right news outlets, according to a report.

President Joe Biden’s record inflow of illegal aliens to the United States raised home prices and rents for Americans, a report from the Federal Reserve Bank of Dallas details. 

Alan Greenspan, who as Federal Reserve chairman for more than 18 years presided over the longest U.S. economic expansion then on record and won acclaim as the “Maestro” of American prosperity—only to share the blame for the crisis that followed

The concept of building AI data centers in orbit has gained renewed momentum following SpaceX’s record-breaking IPO that raised over $85 billion and valued the company in the trillions. Elon Musk’s success and the massive pushback against AI data centers in rural and suburban communities has spurred competitors including Jeff Bezos to develop their own plans for space-based data centers

A Tesla Model 3 crashed into a residence in Katy, Texas, killing a 76-year-old grandmother who was inside the home. The driver claims he was using Elon Musk’s “Autopilot” software at the time of the crash.

The American Beverage Association (ABA) is taking its ingredient transparency initiative, GoodtoKnowFacts.org, to a new level, announcing a new initiative advancing the Trump administration’s Make America Healthy Again (MAHA) agenda with an industry-wide design change to the front of every bottle, giving consumers immediate digital access to the GoodToKnowFacts website.

WASHINGTON, DC — U.S. Federal Reserve Chair Alan Greenspan has died at the age of 100.

Many skilled Americans are being pushed out of high-tech jobs by the ethnic Chinese managers of a taxpayer-funded computer-chip company in Arizona, says a lawsuit by 13 Americans.

Self-driving vehicle company Waymo has issued a recall affecting 3,871 autonomous robotaxis after a software defect caused vehicles to enter active highway construction zones at high speeds.

A federal appeals court has ruled that Ohio can enforce legislation requiring children under 16 to obtain parental consent before using social media platforms, marking a significant development in state-level efforts to regulate minors’ online activity.

President Donald Trump’s deputies are clarifying rules for student F-1 visas, amid much evidence that many migrants use the loose rules to take jobs, commit crimes, and engage in political campaigns.

Mark Zuckerberg’s Meta has reportedly been lobbying Congress to include provisions granting legal immunity from child-harm claims in proposed legislation, as the company confronts thousands of social media addiction lawsuits from young users and their families.

Shipping traffic is reportedly beginning to move through the Strait of Hormuz, which Iran promised to reopen without tolls or ransoms as part of its ceasefire deal with the United States.

The Cuban Communist Party debuted a set of economic reforms on Thursday allegedly intended to facilitate attracting foreign investment.

Yann LeCun, regarded as one of the “Godfathers of AI,” has publicly denounced Elon Musk’s AI company xAI, describing it as a “failure” and claiming Musk faces significant challenges in attracting top talent because the SpaceX and Tesla CEO has “not behaved in very good ways towards the previous team.”

The Michael Jackson biopic Michael is a reminder that smart people deliver for fans rather than alienate them.

The U.S. has opened a trade investigation into Germany’s plans to cut spending on prescription drugs, a move that could lead to new tariffs on Europe’s largest economy. U.S. Trade Representative Jamieson Greer announced the Section 301 probe Thursday, saying

Kevin Warsh took the first steps this week on his quest to lead the Federal Reserve out of the dark ages.