Reported about 1 month ago
Google is reportedly considering cutting ties with Scale AI, a move that follows Meta's significant investment in the company and similar actions by Microsoft and OpenAI. Initially planning to pay Scale $200 million this year, Google is now exploring options with competitors. Despite the situation, Scale asserts its business is strong and continues to operate independently, serving a range of clients including self-driving car companies and generative AI firms.
Source: YAHOO
Reported about 1 month ago
The conflict in the Middle East intensifies as Israel launched an attack on Iran's South Pars gas field, aiming at critical energy infrastructure. This strike caused significant damage to a gas processing facility, impacting domestic production and raising concerns over oil supply stability in the region. With Iran's energy sector already facing severe difficulties, including massive power outages, this escalation is predicted to further disrupt markets and provoke questions regarding future Israeli operations against Iranian energy assets.
Source: YAHOO
Reported about 1 month ago
Following 23andMe's bankruptcy and acquisition by Regeneron, many customers are worried about the fate of their genetic data. With 1.9 million users requesting deletion of their data, steps are provided on how to manage your 23andMe information. Users can delete some data while noting that certain details may still be retained for legal compliance. Family members are encouraged to act as well to protect their shared DNA information.
Source: YAHOO
Reported about 1 month ago
The US is firmly opposing European calls to reduce the G-7's price cap on Russian oil sales from $60 to $45 per barrel, as part of a strategy to pressure Russia's oil revenues amid its ongoing war against Ukraine. Despite hopes for agreement at an upcoming G-7 summit in Canada, US officials have reiterated their stance from earlier discussions. The EU and UK may consider moving forward without US support, but many member states are hesitant to act unilaterally, recognizing that a unified approach with US enforcement would be more effective.
Source: YAHOO
Reported about 1 month ago
Waymo is restricting its robotaxi services across several cities, including an outright suspension in Los Angeles, in response to the upcoming nationwide 'No Kings' protests against President Trump. This follows recent disruptions that saw Waymo vehicles targeted during protests against immigration policies. The duration of these service limitations remains unclear.
Source: YAHOO
Reported about 1 month ago
This week's review covers key announcements from WWDC 2025, including the unveiling of a revamped iOS 26 and new features across Apple products. It also highlights other significant events like a cyberattack on grocery giant UNFI, the public debut of Chime's IPO, and updates from Google and OpenAI. Additionally, the report sheds light on the launch of Tesla's driverless ride service and concerns surrounding privacy in new AI applications.
Source: YAHOO
Reported about 1 month ago
President Trump announced plans to implement unilateral tariff rates on trading partners within weeks, signaling potential changes as the July 9 deadline for his tariff pause approaches. Despite a recent agreement with China aimed at easing trade tensions, market responses have been mixed. The situation has escalated with discussions of substantial tariffs on various goods and ongoing negotiations with India, as the administration prepares for potential new measures in its trade agenda.
Source: YAHOO
Reported about 1 month ago
Apple has introduced new AI-generated tags for the App Store in the developer beta of iOS 26, enhancing app discoverability. Though not yet visible on the public App Store, these tags are derived from metadata, including app screenshots, and will help categorize apps more effectively. Developers will have the ability to control which AI-assigned tags are linked to their apps, with a human review process in place before tags go live.
Source: YAHOO
Reported about 1 month ago
At its recent WWDC event, Apple showcased improvements to its software but avoided major AI announcements, opting instead for a gradual and focused approach. Instead of launching a groundbreaking AI product like generative AI-powered Siri, Apple announced it would open its on-device AI language models to developers, potentially spurring innovation reminiscent of the App Store launch. This strategy prioritizes systemic integration and developer empowerment, with incremental AI features aimed at enhancing existing apps rather than competing head-on with rivals. By emphasizing privacy and integration, Apple aims to carve out a unique position in the emerging AI landscape.
Source: YAHOO
Reported about 1 month ago
TechCrunch All Stage offers investors the unique opportunity to engage directly with founders and innovative ideas in a dynamic environment. On July 15 at Boston's SoWa Power Station, attendees can interact with emerging tech leaders, provide feedback, and build valuable connections, all while skipping the usual filters of the investment process. With special networking events and a focus on genuine conversations, this event is designed for those focused on early-stage investments and tech advancements.
Source: YAHOO
Reported about 1 month ago
The Federal Reserve is poised to keep interest rates unchanged for the fourth consecutive meeting, contrasting sharply with the European Central Bank, which has recently lowered rates for the eighth time in a year. This disparity arises from divergent economic conditions in the US and Europe, exacerbated by trade tensions and differing inflation forecasts. While the Fed remains cautious about rate cuts due to stronger consumer demand in the US, the ECB is responding to low inflation and growth threats in Europe. The ongoing gap in monetary policy has caught the attention of President Trump, who pressures the Fed to lower rates amidst critiques of their approach.
Source: YAHOO
Reported about 1 month ago
As tensions escalate between Iran and Israel, Iran has retaliated with hundreds of ballistic missiles aimed at Israeli cities, following Israeli strikes on its nuclear facilities. Prime Minister Netanyahu vows to continue military operations against Iran, while Iran threatens more severe responses if attacks persist. The increased hostilities have raised international concerns and disrupted ongoing diplomatic negotiations, with significant casualties reported on both sides. Financial markets are reacting negatively, underscoring the potential for an extended conflict.
Source: YAHOO
Reported about 1 month ago
President Trump's recent economic indicators suggest a brief period of optimism, with inflation dropping to 2.4% and consumer confidence rising post-tariff adjustments. However, looming geopolitical tensions, particularly the conflict between Israel and Iran, threaten to overshadow these gains, as oil prices surge and potential trade frictions approach a critical deadline. Amidst mixed sentiments, the market remains cautious, and the persistent threat of rising prices from tariffs still looms.
Source: YAHOO
Reported about 1 month ago
Anne Wojcicki's nonprofit, TTAM Research Institute, has secured agreements to acquire the troubled genetic testing company 23andMe, which recently filed for bankruptcy after a significant cyberattack. The deal follows a bidding process that culminated in TTAM's unsolicited $305 million offer, surpassing a previous bid from Regeneron. Wojcicki emphasized the nonprofit's commitment to maintaining customer privacy and the mission of empowering individuals regarding their genetic data; however, the acquisition still requires approval from bankruptcy court and faces legal challenges from state attorneys general concerned about consumer consent.
Source: YAHOO
Reported about 1 month ago
Waymo has established a significant lead in the robotaxi market by providing paid autonomous rides in several cities, while Tesla delays its own robotaxi introduction. Analysts predict a shift towards robotaxi services, with Waymo's multimodal sensor approach and existing operational history giving it an edge. However, Tesla, despite facing safety investigations, has a massive production capability that could influence the future dynamics of this emerging industry.
Source: YAHOO
Reported about 1 month ago
A new report reveals that most American adults struggle with fundamental retirement concepts, scoring an average of only two out of six on a retirement literacy quiz covering Social Security, Medicare, and retirement savings. This lack of knowledge could lead to financial instability in retirement as many are unprepared for the realities of healthcare costs and longevity. Experts emphasize the need for improved financial education and awareness, particularly among younger workers entering the job market.
Source: YAHOO
Reported about 1 month ago
This article features insights from Kerry Hannon as she responds to readers' concerns about Medicare, medical debt, Social Security, and health savings accounts. With an emphasis on various Medicare coverage options and the complexities surrounding healthcare costs in retirement, the column highlights specific reader questions, clarifies misconceptions about Medigap policies, and discusses the implications of long-term care costs for retirees.
Source: YAHOO
Reported about 1 month ago
Recent data from the University of Michigan shows that Americans' concerns about inflation are decreasing, with one-year inflation expectations dropping from 6.6% to 5.1%. The overall consumer sentiment index has also risen, indicating growing optimism among consumers and investors about the economic outlook. Despite some challenges, such as high tariffs and variable policies, both groups are beginning to view the situation more positively.
Source: YAHOO
Reported about 1 month ago
The Trump administration is expanding its 50% steel tariffs to include consumer appliances like refrigerators and dishwashers, which will face additional taxes starting June 23. This move aims to make American-made appliances more competitive against cheaper foreign imports, but critics argue it may raise prices for consumers and complicate the manufacturing landscape.
Source: YAHOO
Reported about 1 month ago
President Donald Trump's planned military parade in Washington on his 79th birthday aims to showcase American power at home, even as his international efforts face setbacks. Featuring thousands of soldiers, tanks, and a helicopter, the $45 million event coincides with protests against his leadership style across the nation. While the parade is reminiscent of national unity moments in U.S. history, it contrasts sharply with ongoing international tensions, including conflicts in Europe and the Middle East and questions about U.S. influence.
Source: YAHOO
Reported about 1 month ago
The Swiss National Bank is considering a historic rate cut to zero, sparking concerns over its impact on the banking sector. This move, aimed at combating deflation and strengthening the economy amidst a strong franc, could complicate banks' operations by eliminating the interest that attracts deposits while also compressing margins on loans. Analysts warn that a sustained zero interest rate could severely challenge Swiss banks, forcing them to adapt their strategies in an already tough economic environment.
Source: YAHOO
Reported about 1 month ago
Nippon Steel Corp has received conditional approval to acquire United States Steel Corp for $14.1 billion, following a national security agreement backed by the Trump administration. This deal, which will create one of the world's largest steel companies, includes a promise from Nippon Steel to invest an additional $14 billion in future projects, while also ensuring compliance with U.S. control measures in the post-transaction company. The merger is expected to close by June 18, aiming to bolster the U.S. steel industry amid ongoing trade dynamics.
Source: YAHOO
Reported about 1 month ago
As President Trump aims for significant economic growth to justify his multitrillion-dollar reconciliation bill, his administration is looking to an AI boom as a potential driver of this growth. Treasury Secretary Scott Bessent and Trump's AI advisor David Sacks suggest that advancements in artificial intelligence could significantly boost GDP, with estimates reaching as high as 4% or 5%. However, critics express skepticism about these projections, warning that actual economic benefits from AI are uncertain and may not correlate directly with the proposed tax bill.
Source: YAHOO
Reported about 1 month ago
The S&P 500 has been hovering near its all-time high, restrained by Wall Street's concerns over a volatile global landscape. Tensions escalated recently between Israel and Iran, leading to a spike in oil prices and market volatility, causing the index to close down 1.1%. Despite this fluctuation, analysts predict that significant progress towards overcoming uncertainty is essential before hitting new highs, particularly as institutional investors show hesitance amid ongoing geopolitical and economic risks.
Source: YAHOO
Reported about 1 month ago
This week, Nvidia CEO Jensen Huang and OpenAI CEO Sam Altman discussed the potential changes AI could bring to the job market. Huang believes that while many jobs will evolve due to AI, new roles will also emerge, contradicting claims of widespread job loss. Altman acknowledged that certain classes of jobs might disappear but expressed confidence in humanity's ability to adapt and find solutions amidst these changes.
Source: YAHOO