Trump Postpones Signing Of Plans Establishing Voluntary Review Process For AI Because He ‘Didn’t Like Certain Aspects’
President Trump delays signing an AI executive order creating a voluntary federal review process for advanced systems, citing concerns about overregulation and maintaining U.S. technological leadership.
Walmart Warns About Possible Price Hikes If Fuel Costs Do Not Come Down Soon
Walmart warns it may raise prices if fuel costs stay high, as rising transportation and energy expenses squeeze profits and pressure consumers already facing higher living costs.
Jeff Bezos Denied Personal Involvement In $40M ‘Melania’ Documentary But Calls It ‘Good Business Decision’
Jeff Bezos denies personal involvement in Amazon's $40M "Melania" documentary but defends the controversial Brett Ratner-directed film as a commercially sound, high-interest business decision.
Meta Claims Layoffs Are Part Of ‘Continued Effort’ To Run Operations More Efficiently In Email To Thousands Of Affected Employees
Meta notified thousands of employees on May 20 that they were laid off to improve efficiency, representing 10% of the workforce, with no additional company-wide cuts expected in 2026.
Editor's Pick
Beloved Restaurant Chain ‘Red Lobster’ To Close Oldest Operating Location After 56 Years In Attempt To Regain Financial Stability
Red Lobster will close its oldest Tallahassee restaurant after 56 years, part of broader post-bankruptcy cost-cutting efforts aimed at restoring the seafood chain's financial stability.
Elon Musk Claims Jury ‘Never Ruled On The Merits Of The Case’ After They Dismissed His Lawsuit Against OpenAI
Elon Musk criticizes a jury's dismissal of his lawsuit against OpenAI as a mere timing technicality, saying the court never ruled on the case's core claims.
PS5 Buyers File Class-Action Lawsuit Against Sony Over Price Hikes
PS5 buyers file lawsuit against Sony over console price hikes tied to tariffs, seeking refunds after alleged overcharges.
Investors
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Regions
Colombia Gives In To US Deportation Flights To Avoid $53.5B Trade War
Colombian President Petro blocked US deportation flights, prompting Trump's tariff threats, but after escalating tensions, Colombia agreed to accept the flights, avoiding a trade war.
Democratic Rep. Slams Trump Over Tariffs On Countries Sending Oil To Cuba: ‘Designed To Cause a Humanitarian Collapse’
US Seizes Record $15 Billion in Bitcoin From Global ‘Pig Butchering’ Scheme Linked to Chen Zhi
EU Faces ‘Transitional Period’ After Trump’s New Import Surcharge Shakes Trade Deal
A months-long transitional period looms in transatlantic trade as President Donald Trump's new import surcharge threatens last year's U.S.-EU trade deal.
Novo Nordisk CEO Faces Investigation After Senate Reveals Ozempic And Wegovy Cost Up To 13 Times More In The US
Novo Nordisk CEO Lars Fruergaard Jørgensen will face a Senate hearing over the high prices of weight loss drugs Wegovy and Ozempic in the US.
Seized US Canned Food Company Looks to China, North Korea as Russian Sales Crash
China Imposes Retaliatory Tariffs on US Imports, Launches Google Antitrust Probe
Deals
Funding
AI Startup Funding Surging Despite Sting of High Interest Rates
AI startups are riding a wave of fresh capital in 2025—even as the Federal Reserve keeps interest rates at multi-decade highs. Instead of slowing down, the sector is posting some of its boldest funding figures yet, fueled by surging demand for both AI infrastructure and specialized applications.
Cost Over Climate: Australians To Spend AU$80B On Energy Upgrades
On average, households plan to spend AU$7,500 on energy-efficient upgrades over the next five years, which could add up to more than AU$80 billion nationwide. About 50% of Australians want to make their homes eco-friendlier, driven mostly by a desire to reduce energy costs.
Australian Superannuation Funds Rethink US Bets Amid Dollar Volatility
"Like every other fund, we are questioning our exposure to the U.S. It would be fair to say that we've hit peak exposure and will be reducing over time," said John Pearce, chief investment officer of UniSuper, said.
Trump UK Trade Deal Pumps Crypto: $ETH Skyrockets, $BTC Hits $103K, $XRP Surges
President Trump has announced a trade agreement with a long-time ally, pumping crypto prices, including Bitcoin, which had been struggling to return to $100,000 in recent weeks.
People
University of Arizona Students Boo Former Google CEO Eric Schmidt After Discussing AI in Commencement Speech
Former Google CEO Eric Schmidt is booed by University of Arizona graduates after praising AI in his 2026 commencement speech, amid student protests over his record.
LinkedIn Announces New Layoffs, Says Cuts Are Not Attributed To AI Replacing Jobs
LinkedIn is cutting 5% of its workforce, affecting approximately 900 employees, citing organizational restructuring rather than AI automation as the reason for the layoffs.
Meta Raids $12B AI Startup Thinking Machines Lab, Snags Founding Engineers in Talent War
Meta hires key engineers from Mira Murati's $12B AI startup, highlighting an intensifying talent war as top firms compete for elite AI expertise.
