American businessman, founder and executive chair of Amazon
Slate Auto has unveiled a bare‑bones two‑seat electric pickup with a $24,950 base price and a two‑row SUV conversion starting at $29,950. The company has raised the base EPA range estimate to about 205 miles, is taking preorders with a $300 deposit, and plans production to begin in late 2026 with direct online sales.
Micron has reported blockbuster fiscal third-quarter results — $41.46bn revenue and $28.24bn net income — and has forecast roughly $50bn for the current quarter. The results have pushed Micron above a $1tn market value, restarted buying in memory stocks and have sharpened concerns that soaring AI data‑centre demand is forcing consumer electronics makers, including Apple, to prepare price increases.
The US Department of Commerce has lifted export controls on Anthropic's Claude Fable 5 and Mythos 5, and Anthropic has begun restoring access. Mythos 5 has been cleared for a vetted group of US organisations; Fable 5 — redesigned with stronger safeguards — is being redeployed more broadly after testing and coordination with government officials.
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%.
The disclosures show Melania Trump earning over $17 million in 2025, largely from a $40 million licensing deal and $6 million from NFTs and collectibles. Donald Trump reports more than $2 billion in earnings, much from crypto ventures and meme coins. Critics cite potential conflicts of interest as Amazon and other entities profited around the same period.
Luxury hotel brands are entering the cruise space, offering mega-yacht-like experiences on shorter, curated itineraries. The trend includes brands like Four Seasons, Orient Express and Aman, moving beyond traditional cruise models as ultrawealthy travelers seek exclusive, shipboard living with extensive amenities.
celebrities are staging a high-profile wedding during a heatwave in New York, drawing massive security, road closures, and public attention. Critics say the spectacle underscores a city increasingly tuned to the needs of the rich while ordinary residents bear the burden.
Amazon has reached a milestone with a satellite constellation of over 390 satellites, enabling initial Leo internet service later this year. The launch cadence faces delays from recent rocket setbacks, but the company plans broader coverage as more satellites go online.
Automakers have pulled several electric models from the U.S. market even as quarterly EV sales have risen. Q2 2026 U.S. consumer EV purchases have reached 247,226 vehicles, a sequential rise driven by higher fuel prices, new low-cost entrants and state rebates. Manufacturers and startups are responding with cheaper models, but many legacy brands have cancelled or delayed U.S. EV projects.
JAXA has flown the RV-X, lifting it 11 metres and landing it upright 16 metres away at Noshiro, marking Japan’s first successful launch and landing of a rocket. China’s Long March-10B has achieved a sea-based net catch on its maiden flight, signaling a major step toward reusable launch technology. The stories show growing momentum in global efforts to reduce space-launch costs and expand access to space.
Ford has integrated Apple Maps directly into its universal electric vehicle platform, starting with a $30,000 midsize truck due in 2027. The move, part of Ford’s push for affordability and a simplified tech stack, will power navigation, EV routing, and battery preconditioning, with Latitude AI using map data for a next-gen hands-free system. Apple Maps runs natively in-vehicle, not via CarPlay, and aims to streamline features like home automation and fleet routing.
The AI industry has reached a tipping point as hyperscalers project rising returns from chips and data centers. New analyses forecast trillions in 2026 revenue to justify the AI build-out, even as token costs and cheaper models pressure profitability.
Three robotics and automation startups have raised significant funding this week, underscoring a shift toward automated manufacturing across diverse sectors. Munich-based microagi has secured $55 million in a seed round led by Hummingbird, while Senra instrumentalizes wire harness automation in aerospace and defense with a $65 million Series B. The funding underscores a broader push to standardize and scale automated production amid labor shortages and reshoring pressures.
Amazon has announced its first satellite internet agreement on the African continent, partnering with South Africa’s Herotel to launch a new service in a country of about 62 million people. The deal underscores a broader push into Africa, with Amazon Leo aiming to expand across the continent and to collaborate with Vanu Inc. The move comes amid public criticism from Elon Musk regarding South Africa’s regulatory environment.
The CBS News program 60 Minutes is undergoing a major personnel shakeup. Nick Bilton has announced five new hires, including Ross Douthat and Norah O’Donnell, along with Sebastian Junger, Gianna Toboni and Trevor Phillips, to join as correspondents or contributors. The changes follow previous layoffs and leadership shifts under Bari Weiss’s editorship.
Sotheby’s has sold artifacts from Apollo 11, including a broken circuit-breaker switch and a felt-tip pen, for nearly $1 million. Buzz Aldrin recounts how he used a felt-tip marker to rearm the engine arm circuit, enabling the crew’s return from the Moon.
Protests greet Tilman Fertitta’s Venice stop as part of a coastal diplomacy tour marking the US 250th anniversary. Demonstrators accuse the ambassador’s voyage of flaunting wealth amid tensions over Trump administration’s international stance. Venice’s authorities maintain the event showcases partnership and shared history.
Fenway Sports Group has received an approach from a consortium led by Amit Bhatia that has offered to buy a strategic minority stake in Liverpool. Reports have said Jeff Bezos has held talks about joining the group and the bid would value the club at roughly a34.5bn-a36bn; talks are at an early stage.
A SpaceX Falcon 9 upper stage has struck the Moon near Einstein Crater at about 5,400 mph, carving a new crater and launching a dust plume. South Korea’s Danuri orbiter has photographed the site and released images. NASA’s Lunar Reconnaissance Orbiter is scheduled to image the impact next week while scientists begin analysing ejecta and crater formation.
Amazon has filed with the FCC to launch a Direct-to-Device satellite network intended to provide global mobile connectivity, competing with SpaceX's Starlink. The plan leverages Globalstar’s spectrum and envisions service for unserved regions and emergency operations, with initial service slated for later this year and full deployment by 2028. Several partnerships and regulatory waivers accompany the filing.
Amazon has disclosed a $600 million tariff refund in Q2 after a Supreme Court ruling found Trump-era tariffs illegal. The refunds, largely benefiting customers, will be issued automatically where specific charges can be traced. Most refunds will go to affected buyers, with third-party sellers absorbing the bulk of the levies.
The Washington Post and Axios report growing criticism of JD Vance’s bid for Trump’s endorsement, with Journal editorial board pieces challenging his ambitions, temperament, and Iran stance; meanwhile The Guardian and Business Insider UK cover Adam O’Neal’s sudden departure from Post Opinions amid debatable reorientation of the section.
OpenAI’s CEO has said the best opportunities come from going against the crowd, learned from mentors at Y Combinator and Silicon Valley. He recalls the push to secure compute after GPT-4 and the lesson that genuine breakthroughs emerge when founders pursue unpopular bets.
DiCaprio and Bezos have launched the Phoenix Species Project, pledging $200 million to recover critically endangered species across 30 countries. The initiative has drawn swift criticism from critics who accuse the effort of greenwashing, while supporters point to the potential gains for threatened fauna and indigenous communities.
Spain's World Cup-winner Ferran Torres has joined Paris Saint-Germain on a deal through 2031 for about €50m. He arrives after a standout Barcelona season and a World Cup final winner; PSG aim to strengthen under coach Luis Enrique as they pursue further titles.
Ford has announced the Fathom, a sub-$30,000 electric pickup built on a new Universal EV Platform. Prototypes will start in early 2027 with deliveries later that year, as Ford pushes a cost-focused, vertically integrated approach to catch up with Chinese competitors and Tesla.
Vogue World is relocating a major fashion event to San Francisco, highlighting the city’s growing status as a hub for arts, culture, and tech. The move follows recent tech-driven economic and cultural shifts, with San Francisco now touted as a focal point for creative industries.
Fenway Sports Group has sold roughly 30–33% of Liverpool Football Club to 1892 Holdings, a consortium led by Amit Bhatia that includes Jeff Bezos (via K5 Sports), Eduardo Saverinand the Mittal family. FSG has retained majority ownership and operational control; Bhatia will become vice chairman and two consortium representatives will join the board. Regulatory approval is pending.
New York City is weighing the Delivery Protection Act, mandating direct employment of last‑mile delivery workers. The measure, backed by Mayor Mamdani, would disrupt Amazon’s delivery service partner model by banning subcontracting at last‑mile facilities, potentially raising costs for households and reshaping the city’s delivery ecosystem.
Brazil’s ANPD has ordered Discord to suspend its Go Live and similar livestream features within three days until it implements safeguards for minors. The move follows the death of a 13-year-old in a Discord livestream and marks renewed regulatory scrutiny of tech platforms’ handling of minors and live content.
Nigel Farage has won the Clacton by-election but faces a continuing parliamentary standards investigation into a £5m donation. Farage did not attend the count, choosing an overnight event instead, while police and council authorities review licensing for the night’s activities.
The United States has imposed tariffs on Brazilian exports, with duties up to 37.5%, prompting Brazil to seek diplomatic consultations. Lula da Silva says Brazil will defend its position and warns against foreign meddling in the October elections. The dispute follows tensions over visa revocations and ambassador nominations, with both sides signaling potential retaliation but avoiding immediate escalation.
Arsenal have opened the 2026–27 Premier League season with a 3-0 win over promoted Coventry at the Emirates. Kai Havertz, Bukayo Saka and Martin Ødegaard have scored as Mikel Arteta’s side have shown refreshed attacking fluency, parading new signing Ezri Konsa and starting with several key players fit together.
A wave of accelerated bachelor’s programs is reshaping higher education. Universities are offering 90-credit, three-year degrees to curb costs and speed graduates into the workforce, while critics warn of a potential narrowing of learning and challenges for graduate admissions.
An independent arbitrator has ruled that The Washington Post did not have sufficient cause to fire columnist Karen Attiah over her social media posts after Charlie Kirk’s killing and has ordered the paper to reinstate her with full back pay and benefits. The decision has been issued this week and is binding under the paper’s labor agreement.
Developers say physics-first AI models and neural operators are advancing practical automation in robotics and industry, with new standards and tools expanding hardware integration. Startups stress data efficiency and task-specific focus as the field moves beyond lab demos.
President Donald Trump has signed an executive order directing the Interior Department to change the U.S. federal name for Lake Ontario to "Lake America" and has said the change is effective immediately. The move comes as Washington and Ottawa have imposed 50% tariffs on billions of dollars of each other's goods and Canadian leaders have rejected the renaming.
Dolly Parton has died at age 80 in Nashville, her publicist has said. Her nephew, Bryan Seaver, has announced the news on Instagram. Parton has sold more than 100 million records, written thousands of songs including "Jolene" and "I Will Always Love You," and has donated millions through the Imagination Library.
Apple is moving forward under new CEO John Ternus as Tim Cook steps down to executive chairman. A foldable iPhone is expected, with analysts seeing it as a key driver for price and margin growth. The event will mark Ternus’s first major public unveiling and underlines Apple’s emphasis on devices and hardware in the AI era.
Signatories from OpenAI, Anthropic, Google, Microsoft and other leaders have warned there is a limited window to strengthen cyber-defences against AI-powered attacks. The open letter urges coordinated government action, funding for cyber defence, and wider access to capable defensive AI for critical infrastructure, as attacks on hospitals, water systems and airports rise.
Trump has announced the creation of the US Space Academy, a new national institution intended to train astronauts, engineers and civil operators for NASA, the Space Force and the civilian spaceflight industry. The program, described as a “top line” project, is to be guided by a presidential commission and may seek a campus near NASA facilities. The initiative follows Artemis II’s moon mission and includes plans for a 2028 lunar landing and a nuclear-powered Mars mission in 2028.
The FTC and 22 states have filed a federal suit alleging Amazon secretly inflated advertising costs for millions of advertisers by manipulating bids in its own auctions. The case centers on Sponsored Products, Sponsored Brands, and Sponsored Display, with the agency arguing that higher costs were largely passed on to consumers.