Fed holds rates steady, pares down statement to remove cutting bias
The Federal Reserve on Wednesday released its interest rate decision.
Chairman Warsh drastically alters Fed rate statement. Here’s what’s changed
This is a comparison of Wednesday’s Federal Open Market Committee statement with the one issued after the Fed’s previous policymaking meeting in April.
Trump and Iran’s President Pezeshkian sign memorandum aimed to end war
President Trump earlier said at the G7 summit that the memorandum of understanding with Iran “might not be the kind of document that I should be signing.”
CEOs of Anthropic and Google DeepMind call for U.S.-led AI coalition in meeting at G7
Tech leaders and heads of state, including President Donald Trump, joined a meeting about AI standards at the G7 Summit.
CarMax shares fall after used car retailer reports earnings beats, CEO details turnaround plan
Despite the beats, questions remain about the company’s ability to grow and cut costs under the plan amid tougher market conditions, including margin pressure.
JetBlue to reduce Newark, LaGuardia footprint as it forges ahead in Fort Lauderdale
JetBlue is planning to cut some employee bases at Newark Liberty International Airport in New Jersey and tech bases at New York’s LaGuardia Airport.
Trump sabotages Senate bid to fast-track Clayton as DNI, committee scuttles hearing
Any delay, and continuation of acting DNI Bill Pulte in the role, is likely to endanger the reauthorization of a key U.S. intelligence authority.
The private space race is spurring a luxury hotel land grab for Florida oceanfront property
The rise of the private space industry, with companies like SpaceX and Blue Origin, has spurred demand for commercial real estate on Florida’s space coast.
Carvana’s new vehicle strategy turns dealership into ‘playground,’ test-drive center with sales all online
But don’t expect Carvana to sell you a vehicle at one of its seven Stellantis stores, marking a stark contrast from typical franchised dealers.
SpaceX posts first losing day as stock sinks 5%, losing momentum after a multiday rally
Elon Musk’s space and AI company has seen its stock surge since its blockbuster IPO on Friday.
