VENTURE CAPITAL POST

Elon Musk recently arrived in Bali to inaugurate the Starlink satellite internet service, aiming to provide reliable internet access to Indonesia's remote areas.

Gas prices are expected to rise by about $0.10 per gallon this summer due to decreased refinery capacity and higher refining costs, with the average price projected to be around $3.70 per gallon.

Boeing shareholders vote to retain the departing CEO amid ongoing challenges. The company is searching for a new chief executive to address the safety crisis and declining share prices, with potential candidates including industry experts like Patrick Shanahan, David Gitlin, and Greg Smith.

Silver has surged past $30 an ounce, outpacing gold with a 29% increase this year, driven by strong financial and industrial demand and a projected market deficit.

OpenAI has disbanded its AI safety team less than a year after its creation, following the recent departures of influential company leaders.

Chinese companies are optimistic about global trade, posing challenges to complete separation, especially as European firms, notably Germany, Spain, and France, express confidence in expanding their presence in China.

The Chinese government announced measures to stabilize the struggling real estate market. It allocated $42.25 billion to help state-owned enterprises purchase unsold apartments, aiming to provide liquidity and promote affordable housing.

Microsoft's aggressive push into artificial intelligence (AI) faces criticism as its carbon emissions surge, challenging its climate objectives despite commitments to become carbon negative by 2030.

Analysts believe a full-blown trade war is unlikely as both sides show reluctance to escalate tensions, although some retaliatory measures from China are anticipated.

China implements 15-day visa-free stays for international cruise travelers, while expanding visa-free transit and digital payment options to boost post-pandemic tourism numbers.

The Supreme Court has upheld the Consumer Financial Protection Bureau (CFPB) 's funding mechanism despite a challenge from conservative groups, ruling 7-2 in favor of the agency's funding structure.

Singapore introduces Checkmate, a service supported by the new Centre for Advanced Technologies in Online Safety (Catos), allowing users to verify suspicious text messages for scams or misinformation, as part of efforts to combat online harms.

China reiterated its call for a political resolution to the Ukraine war during Russian President Vladimir Putin's visit. President Xi Jinping recognized the need for any settlement to respect the security and sovereignty of all parties involved.

Uber launched a new US shuttle service and expanded its partnership with Costco to attract budget-conscious consumers amidst Lyft's competition.

Wall Street hits record highs as US inflation slows to 3.4%, sparking optimism among investors, although concerns linger about potential consumer spending gaps amid weaker-than-expected retail sales growth.