Money, mansions, and the IPO ripple effectFrom soaring home prices to philanthropy and unexpected industries, the AI wealth wave is already transforming the city
The Fed's latest headache: Way too much AI spendingAn AI spending blitz is demolishing new Fed chair Kevin Warsh's argument for interest rate cuts with more price increases about to ripple through the economy
Microsoft is cutting 4,800 jobs as Xbox plans to spin off 4 game studiosXbox CEO Asha Sharma said the division's business "is not healthy" and will cut roughly 20% of its staff through fiscal year 2027
OPEC+ is raising oil output for a fifth straight month as Strait of Hormuz shipping recoversSeven core members agreed to add 188,000 barrels per day in August, continuing a gradual unwinding of 2023 production cuts
Rich, educated Americans are suddenly the most scared about losing their jobsWhite-collar workers are anxious about job security. But their concern is outrunning the actual pace of layoffs
Two members of Congress bought SpaceX stock after its IPO. One oversees one of SpaceX's biggest customers
The world's first Pokémon-themed airport will aid in earthquake recoveryNoto Satoyama Airport in Ishikawa Prefecture will reopen as a Pokémon attraction in July to help revive tourism after a 2024 earthquake
ByteDance and Alibaba are disabling AI companion features ahead of new China rulesBeijing's rules on humanlike AI interaction services take effect July 15, targeting emotional dependence and content harmful to minors
Extreme trade and immigration policies could slow growth and fuel stagflation, strategist warnsKevin Gordon, Director and Senior Investment Strategist at Charles Schwab, breaks down how Donald Trump's tariff war could impact investors
Politics & GovernmentRenewable energy stocks slide as Senate eyes tax-credit rollbacksLooming rollbacks are driving down clean-energy stocks amid outcry from advocates — including Elon Musk
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