American business news channel and website
Warren Buffett has redirected about $6 billion of Berkshire Hathaway stock away from the Bill & Melinda Gates Foundation to four family foundations and has accelerated plans to distribute his remaining Berkshire shares by Dec. 31, 2034. He has said he reviewed Bill Gates’s testimony about Jeffrey Epstein and has met Gates in Omaha since those documents were released.
A wave of personal accounts and expert insights shows couples navigating aging, monogamy, open arrangements, and menopausal changes. The pieces highlight communication, mental health, and the role of technology in intimate life, with updates on ongoing trends and evolving relationship norms.
Airlines are expanding unbundled premium fares and no-middle-seat rows to attract high-spending travelers. United and Delta are rolling out basic business and no-middle-seat options, with mixed consumer response. Other carriers test similar strategies as travel demand stays strong.
A set of recent studies examining GLP-1 weight-loss drugs finds mixed effects beyond health: some show improved social outcomes for some groups, while others show limited or variable long-term benefits. Observational data suggest temporary improvements in employment and relationships, but long-term causal effects remain uncertain. New analyses call for individualized treatment and longer follow-up.
GDP has risen by 0.1% in May, driven by services though production and construction slipped. The upside comes amid ongoing Middle East tensions and ahead of a new prime minister taking office, with analysts noting fragile momentum and potential inflation risks.
The provided articles cover streaming services, sports events, and broadcasting options. They discuss NBCUniversal's channel reintroduction on Fubo after a blackout, ESPYs and MLB All-Star streaming options, UFC 329 coverage, and related streaming contracts and pricing. Readers are guided through what to watch, where to stream, and how pricing is evolving as networks renegotiate deals.
A mounting body of studies shows climate hazards are increasingly disrupting data centers worldwide, raising costs and threatening reliability. Insurers warn of higher premiums; operators push for water-efficient cooling and location strategies. With heat waves intensifying, a systemic rethink of cooling, water use, and siting is underway.
New funding and product integrations are accelerating the deployment of humanoid robots globally. Investors back Zeroth in China, Unitree unveils an integrated Nvidia platform, and Morgan Stanley upgrades China’s market outlook as companies push from demos to real-world use.
The SAVE income-driven repayment plan has ended and servicers have begun notifying roughly 7–7.5 million borrowers that they have 90 days from their notice to choose a replacement. New Department of Education rules that took effect on July 1 have created a Repayment Assistance Plan and a Tiered Standard plan, tightened graduate and Parent PLUS borrowing caps, and added a temporary autopay interest discount.
E. Jean Carroll has received more than $5.62 million that a 2023 jury awarded after finding Donald Trump liable for sexual abuse and defamation. The funds had sat in court escrow while Trump exhausted appeals and sought last-minute delays; the Supreme Court recently declined to hear his appeal, allowing a judge to order the disbursement.
SK Hynix has raised $26.5bn by selling 177.9m American depositary receipts at $149 each, in the largest-ever US share sale by a foreign company. Its ADRs have begun trading on Nasdaq under temporary ticker SKHYV and will convert to SKHY; the company is using proceeds to expand fabs, packaging and EUV capacity as AI-driven memory demand surges.
The yen has weakened to multi-decade lows as US rates remain higher than Japan's. Intervention is being considered, but the long-running carry trade and energy costs keep downward pressure on the currency. Markets are watching potential official action and the broader implications for Japan's economy and global markets.
Microsoft has announced 4,800 job cuts companywide, including 3,200 roles in Xbox during fiscal 2027 and 1,600 Xbox positions eliminated immediately. Xbox will spin out or divest five studios and reduce management layers as it restructures to strengthen margins while shifting resources toward AI and core franchises. The move has reduced Xbox headcount by about 20%.
OnePlus has announced it will stop launching new phones in Europe and North America and will focus new device rollouts on India and China. The company has said existing phones will keep receiving software support, but OxygenOS will be replaced globally by Oppos ColorOS with the Android 17 update.
SpaceX COO Gwynne Shotwell has donated a portion of SpaceX stock to the Trump Accounts for more than 2 million U.S. children, with emphasis on those in lower-income areas near central Texas. The move follows earlier pledges from Michael and Susan Dell and other tech giants, as the program seeds $1,000 per child and enables future retirement-style accounts. Officials say donations accelerate the accounts’ rollout.
Meta has released Muse Spark 1.1, a more capable agentic and coding-focused model, with public API access and aggressive pricing. The upgrade aims to close the gap with OpenAI and Anthropic, offering pricing at $1.25 per million input tokens and $4.25 per million output tokens, and promising stronger performance on coding tasks and multi-task workflows.
Several days of crypto-driven turmoil surrounding Donald Trump’s World Liberty Financial ventures have left nearly 1 million investors in the red, wiping out about $3.8 billion by the end of June. The president’s disclosed $636 million crypto payout in 2025 underscores the scale of the meme-coin saga and its fallout for ordinary buyers.
Federal and local probes have produced new findings and warnings about autonomous vehicles. The NTSB has reported that a Tesla driver manually overrode Full Self-Driving before a June crash that killed a 76‑year‑old in Katy, Texas. NHTSA has issued a directive demanding AV developers fix cases where driverless cars enter or block emergency scenes; Waymo and California regulators are under pressure over several incidents.
Sky has announced it will acquire ITV’s broadcasting and ITVX operations for £1.6bn, creating a major UK challenger to global streaming platforms. ITV Studios remains independent, and a long-term content-supply deal will see ITV Studios provide content to the merged group. Regulators will review the deal, which includes potential contingent payments based on advertising performance.
A wave of new findings shows AI adoption is reshaping hiring and skill needs. High-intensity AI users are growing headcount, while AI-native firms are restructuring teams and boosting senior talent shares. Scottish businesses are adopting AI rapidly but face expertise and trust gaps. The evidence comes from Ramp/Revelio, Harvard/INSEAD, BCG, and national outlets.
The latest updates show a widening gap between President Trump’s crypto push and investor outcomes. Strategy has sold Bitcoin, the Trump-backed memecoin plummets from its peak, and Trump Accounts are live but unclear in impact. Regulators and markets are reacting as billion-dollar losses mount for ordinary buyers.
Menlo Ventures has backed Anthropic since 2023, turning a $4.1 billion pre-money valuation into a potential multi-billion-dollar windfall as Anthropic prepares to go public. The investment has reshaped Menlo, contributing to a new $3 billion fund and elevating Anthropic as a major challenger to OpenAI in AI safety and capability.
A global look at paid time off shows most countries guarantee some leave by law, but the U.S. stands apart, treating it as a voluntary benefit. Top earners in the U.S. still enjoy paid time off at lower rates than peers in other economies, while debates over policy and AI-era work norms shape future protections.
Enterprises are shifting from chasing the top model to integrating best-fit open-weight options, aiming to cut costs while preserving performance. Open-weight models are gaining traction as a flexible backbone for task-specific systems, with large labs facing pressure as organizations route work to cheaper, capable engines.
Fed minutes show policymakers are divided on whether to raise rates this year; markets are betting on a cautious path with speculation about AI inflation and Middle East tensions affecting decisions. Warsh has not provided a clear stand as minutes reflect a range of scenarios.
Meta has expanded its Hyperion AI data-center project, increasing compute capacity to 5GW and the projected cost to over $50 billion. The expansion emphasizes local economic benefits, including teacher bonuses that Meta says total over $50,000 in Richland Parish, Louisiana, while outlining >$1B in local infrastructure investments and over 1,000 jobs upon completion. Critics cite energy, water, and infrastructure concerns as AI data centers grow.
Sen. Whitehouse has expanded a probe into renovations at the Kennedy Center, accusing leadership of mismanaging funds, bypassing contracting rules, and pursuing cosmetic changes to please the president. Courts have forced the removal of the president’s name from the building amid a broader legal fight about branding and governance.
AstraZeneca has announced that Wainua, its gene-silencer drug for transthyretin-mediated amyloid cardiomyopathy, did not meet its primary endpoint in a phase 3 trial. The news triggers a sharp stock drop and prompts investors to rethink the company’s long-term growth targets and the strength of its pipeline.
Waymo has announced the expansion of its driverless robotaxi fleet to four new U.S. cities, starting with employee rides before opening to the public. The Ojai vehicle is introduced as a comfort-focused option, with expansion plans across San Diego, Las Vegas, Tampa, and Denver. The rollout faces regulatory approvals and past safety incidents.
A wave of earnings reports and mixed inflation signals have kept markets cautious. Major corporates report results this week as investors weigh outlooks against rising costs and central-bank expectations.
Trump has ordered officials to prepare a potential sweeping embargo on Spain amid a dispute over defense spending, with lawmakers considering IEEPA- based options. Markets react to the tension as the U.S. and Spain navigate a fragile trade relationship amid NATO debates.
Prices have fallen across major Israeli cities amid war-related uncertainty. April data show a 19% drop in apartment transactions and a sharp decline in investor purchases, while foreign buyers led Jerusalem's 2025 acquisitions.
News organisations have filed a sanctions motion accusing OpenAI of concealing searchable training datasets and millions of ChatGPT logs that could show whether the company used copyrighted journalism. Depositions have revealed OpenAI held large, de‑identified log samples and internal tools to detect regurgitation; plaintiffs say the sample OpenAI produced was unusable.
Volkswagen has presented a transformation plan to streamline its model lineup and reduce production capacity to about 9 million vehicles per year. The group is considering eliminating as many as 100,000 jobs in total, on top of 50,000 already announced, and may close four German plants as part of cost-cutting. Protests have erupted at several sites as unions push back.
Netflix is expanding its strategy to boost engagement by exploring always-on live channels, launching publisher deals for short-form video, and considering free-tier content as it intensifies competition with YouTube, Disney, and others. Analysts expect continued emphasis on ad-supported revenue and content diversification.
A string of mixed earnings and regulatory updates has left investors watching for clues on growth. Wise has reported higher revenue and customer holdings amid expansion, while Feastables growth shows signs of slowing. Gym Group expands UK footprint, and World Cup-linked prediction markets see elevated activity.
Apple has filed a federal lawsuit accusing OpenAI, its hardware arm io Products and two former Apple engineers of misappropriating confidential hardware designs, supplier details and manufacturing techniques to speed OpenAI’s push into consumer devices. Apple has asked the court for injunctions, return of materials and unspecified damages.
Luis Manuel Otero Alcántara has arrived in Miami after a five-year prison sentence in Cuba. The exile follows a U.S. parole grant and mounting diplomatic pressure. He is the cofounder of the San Isidro Movement, whose members have faced persistent repression in Cuba.
Indian markets show strong demand for public offerings while foreign investors pivot toward Indian government bonds in anticipation of potential index inclusion and tax reforms.
OpenAI’s Sam Altman and Elon Musk are trading blunt exchanges as Apple accuses OpenAI of stealing trade secrets. Musk intensifies with taunts about SpaceX’s future IPO and Altman counters with notes on GPT-5.6 Sol’s benchmarks, amid OpenAI’s confidential IPO plans.
Mitch McConnell has stated he did not suffer fractures, a concussion, heart attack, stroke, tumors, or hemorrhages after a fall that left him briefly unconscious. He is undergoing intensive physical therapy and will not return to the Senate floor yet, but remains engaged with staff and his Kentucky team. The senator is retiring at the end of his term.
Enterprises are shifting budgeting to value over token costs as AI costs rise. Leaders argue for metrics based on useful work and task-level economics, with pilots testing open-weight and sovereign models.
Rivian plans a public offering to raise about $1.5 billion while ChangXin Memory Technologies priced its Shanghai IPO at 8.66 yuan per share, potentially raising up to 66.6 billion yuan. The offerings come as Rivian aims to fund a loan-related equity contribution and ChangXin expands its market presence on STAR Board.
CNBC’s 2026 America’s Top States for Business quality-of-life rankings have drawn criticism from conservatives who say the methodology unfairly targets red states. Critics argue the list conflicts with population growth data and different state policy outcomes.
The UK has sealed a 5.2 billion-pound services trade deal with Switzerland, scrapping roaming charges and putting a 90-day services mobility provision on a permanent footing. E-gates will speed border checks for UK travellers, while pharmaceutical protections are maintained. The agreement is described as a landmark for UK services and follows a string of deals with key partners.
European regulators are preparing a package to deregulate and potentially cut capital backstops for banks, aiming to create pan-European lenders capable of competing with U.S. giants. The plan includes cutting Pillar 2 leverage add-ons, reducing capital buffers, easing reporting, and outlining a common deposit-insurance framework. The move follows similar U.S. and U.K. deregulation signals and is seen as a test of Europe’s capacity to finance large-scale strategic investments.
The Strait of Hormuz is open, but tensions have escalated as President Trump reinstates a blockade and proposes a 20% toll on cargo. Oil prices jump again amid new threats and retaliatory strikes; markets and allies react to the developing standoff.
Sterling has firmed on the day after oil prices surged amid Middle East tensions, with traders pricing in potential BoE support and a possible US rate move. Markets are eyeing UK gilts and the outlook for the government’s spending plans as the premiership transition nears.
Oil prices have climbed after President Trump announced a 20% shipping fee for cargo through the Strait of Hormuz and a renewed blockade of Iranian ports. Markets fear supply disruptions as global oil volumes tighten amid renewed conflict, with Brent and WTI futures moving higher following a day of volatile trading.
Governor Kathy Hochul has signed an executive order pausing state permits for new "hyperscale" data centers using 50 megawatts or more for up to one year. The order directs regulators to produce a Generic Environmental Impact Statement covering energy, water, air and community benefits, and it signals potential changes to tax breaks and grid-costing for large AI facilities.