SpaceX signs computing power deal with open-source AI startup Reflection worth up to $6.3 billion
SpaceX has turned its Colossus data center into a commercial computing power platform, landing recent deals with Anthropic, Google and Cursor.
Treasury Department authorizes Iranian oil sales through August
Iranian supertankers have switched on their transponders, after going dark during the war, as they depart the Persian Gulf loaded with oil.
SpaceX kicks off bond sale days after record IPO, discloses over $100 billion cash pile
SpaceX on Monday unveiled a senior unsecured notes offering and said it held about $100.8 billion in cash.
Chevron to fuel massive Microsoft data center in Texas using natural gas
Microsoft’s embrace of natural gas shows a willingness to invest in fossil fuels to meet the power demand needed in its data centers.
Vance hails ‘great progress’ in U.S.-Iran talks despite ‘threatening’ and ‘whining’
JD Vance said U.S.-Iran talks in Switzerland made progress, with Tehran agreeing to allow IAEA inspectors back into Iran.
Tencent tests AI assistant in China’s most popular app as it looks to catch up with rivals
WeChat is an indispensable part of daily life in China and Tencent is trying to tap into its huge user base to expand use of its AI services.
Defense giant KNDS moves closer to IPO after France-Germany stake deal
France and Germany agreed on a KNDS framework as Germany seeks a 40% stake ahead of a potential multibillion-euro IPO.
2-year Treasury note yield hits highest since February 2025
U.S. Treasury yields climbed on Monday, pushing the 2-year yield to its highest since early last year.
SpaceX stock tanks 16%, extending slump following post-IPO rally
A rally following the company’s record breaking IPO on June 12 has cooled, with stock dropping the past three days of trading.
UK PM Starmer resigns as Britain faces its seventh leader in 10 years
Keir Starmer said he will resign as U.K. prime minister and Labour leader, triggering a contest to choose his successor.
