U.S. News
Houthis claim strikes on Saudi Arabian oil tankers as Rubio says Iran not ready to make a deal
Yemen’s Houthis said they had targeted two Saudi Arabian oil tankers with drones and missiles for allegedly violating its maritime blockade.
Alphabet and Tesla test Wall Street’s patience as AI spending overshadows growth
Shares of Alphabet and Tesla dipped after the companies reported massive spending increases in their quarterly earnings reports.
IBM lowers full-year forecast after earnings warning
IBM is now looking to improve productivity with artificial intelligence, including with a new coding tool called Bob.
Southwest Airlines’ third-quarter forecast falls short as fuel bill climbs
Southwest Airlines reported a more than 9% increase in second-quarter profit as higher fares are increasingly helping the airline cover its fuel tab.
Senate panel advances China auto bill that could bar Mercedes-Benz from U.S.
Mercedes-Benz’s largest individual shareholder is Chinese state-owned BAIC. Cruz warned the bill could hurt Mercedes and accused GM of backing it.
Amazon cuts some jobs in its artificial general intelligence unit
Amazon’s AGI unit has released a set of AI models, called Nova, and also includes groups working on silicon and quantum computing.
Tesla misses on earnings, as free cash flow turns negative and margins slide
Tesla’s earnings report lands in the midst of a slide in the company’s stock price even as its core auto business is rebounding.
Sen. Wyden introduces bill to curb Trump’s tariff powers
Sen. Ron Wyden said Trump has “abused every trade authority at his disposal” and called his new tariffs on Canadian goods a “shakedown.”
Mortgage rates are rising again, but homebuyers are seeing some advantages
Mortgage rates last week rose to the highest level since last August, but homebuyer demand climbed as well, as buyers see more supply.
Citizens United provision allowing foreign campaign contributions draws Democratic bill
Rep. Jamie Raskin, D-Md., and Sen. Sheldon Whitehouse, D-R.I., want to establish foreign ownership thresholds for companies that spend on campaigns.
What is Pickaxe Mountain, the Iranian nuclear facility Trump is threatening to strike?
“We’ll be hitting that area pretty soon, and very heavily,” President Donald Trump said about Iran’s underground nuclear facility in Pickaxe Mountain.
$100M New Jersey deli fraudster James Patten sentenced to 21 months in prison
The notorious New Jersey deli fraud case led to losses of more than $5 million for victims that included two U.S. universities.
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