WASHINGTON, United States — The U.S. government is preparing a new set of targeted trade tariffs as a temporary 10% global import levy expires on Friday, July 24, 2026. The expiring duty was introduced earlier in the year after a February Supreme Court ruling struck down a prior wave of...
United States markets reeled on Thursday after Brent crude oil briefly traded above $100 a barrel, its highest level in two months, following a fresh escalation of conflict in the Middle East. The price of Brent, the international benchmark, jumped 6.1% to $99.78, while U.S. West Texas Intermediate futures rose...
European Union regulators have imposed an €890 million (about $1 billion) fine on Google for allegedly favoring its own services in search results, marking the first major enforcement action against the company under the bloc’s Digital Markets Act. The European Commission said on Thursday that Google’s shopping, hotel and other...
Washington – Congressional Democrats have introduced the Industrial Bank for American Manufacturing Act, a sweeping proposal to channel revenue from existing Section 301 tariffs on Chinese imports into a new federally backed manufacturing bank. Sponsored by Representatives Ro Khanna, Tom Suozzi and Debbie Dingell, the bill would redirect up to...
NEW YORK — Shares of Alphabet and Tesla fell sharply in U.S. premarket trading on Thursday after both companies signaled significantly higher capital spending on artificial intelligence, intensifying investor concerns about cash burn and negative free cash flow. Alphabet’s stock declined about 4 percent after the company lifted its 2024...
United States traders are heading into next week’s Federal Reserve policy meeting with unusually high uncertainty over the outcome, after Chair Kevin Warsh dismantled the central bank’s long-standing practice of forward guidance. With seven days remaining before the July 29 decision, interest-rate swap markets are pricing roughly a 30% probability...
U.S. Treasury yields rose to multi‑month highs on Wednesday as escalating tensions with Iran and higher oil prices revived concerns about inflation and further Federal Reserve interest rate increases. Two-year yields, which are sensitive to interest rate expectations, climbed to 4.3105%, their highest level since February 2025, while the 10-year...
A federal judge in San Francisco has rejected an emergency bid by 26 Meta employees to halt their terminations, after they alleged that internal AI-driven tools contributed to discriminatory layoff decisions. The workers claimed systems such as the “Metamate” AI and productivity scoring unfairly penalized employees who took legally protected...
The U.S. Department of Justice announced charges against 455 defendants in what it described as the largest coordinated healthcare fraud enforcement action of 2026, involving more than $6.5 billion in false claims. The takedown, conducted with the FBI and other federal agencies, targeted schemes that exploited Medicare, Medicaid, and private...
Wisconsin’s Public Service Commission has upheld strict credit requirements that could force Oracle to post more than $7 billion in financial collateral to guarantee electricity supply for a massive new artificial intelligence data center. The ruling stems from tariff rules that apply to exceptionally large energy users and require companies...
