June inflation eased as energy prices fell, but oil risk remains
The CPI rose 3.5% from a year earlier in June, down from May as gasoline and energy costs declined, the Bureau of Labor Statistics...
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Stocks
Zipline hires Tesla, Waymo and Uber veterans as drone delivery expands
The startup says it has topped 2.5 million commercial deliveries and is adding senior leaders as U.S. volume accelerates.
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SK Hynix options debut as memory-chip ETFs draw bigger action
SK Hynix options began trading Tuesday, but activity lagged Micron and a memory-chip ETF despite a sharp rise in the stock.
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Lucid denies bankruptcy talk after stock volatility
Lucid shares swung sharply after an EV-focused site reported the company was weighing bankruptcy or going private, claims Lucid ca...
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New York pauses new large AI data centers for one year
Gov. Kathy Hochul’s order targets power-hungry AI facilities as electricity costs and grid concerns become political flashpoints.
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Cybersecurity stocks rise after IBM flags AI-driven spending rethink
IBM CEO Arvind Krishna said AI-related cyber worries are causing some customers to pause major deals and reassess budgets.
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Goldman Sachs jumps after earnings beat and stronger deal backlog
Goldman Sachs topped second-quarter estimates as trading and investment banking surged, prompting CNBC’s Investing Club to lift it...
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T. rex fossil Gus sells for record $50.1 million at Sotheby’s
The 67-million-year-old specimen topped its estimate and became the priciest dinosaur fossil ever sold at auction, according to So...
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Apple weighs PrismML tech to run bigger AI models on iPhones
PrismML says its compression can make large AI models small enough for recent iPhones, a potential boost for Apple’s privacy-focus...
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Nvidia H200 chip shipments to China have resumed at a small scale
A Commerce Department official said only a limited number of Nvidia H200 AI chips have reached China and Hong Kong under U.S. expo...
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Social Security COLA estimate for 2027 slips as inflation cools
Early estimates put the 2027 Social Security COLA near 3.7% to 3.8%, with the final adjustment due from the SSA in October.
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Buffett plans to give away remaining Berkshire shares by 2034
Warren Buffett is moving faster on philanthropy, donating nearly $6 billion of Berkshire stock to four family-linked foundations.
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