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News

Briefs Finance
briefs.co > news > waymo-ends-uber-s-exclusive-access-to-robotaxis-in-two-u-s-c

Waymo Ends Uber's Exclusive Robotaxi Access in Atlanta, Aust

3+ hour, 1+ min ago   (310+ words) For the past three years, Uber has been the only way to hail a Waymo robotaxi in Atlanta and Austin. That arrangement is about to dissolve. The current contract runs until May 2028, so that hundreds of Waymo self-driving cars will…...

Briefs Finance
briefs.co > news > trump-starts-trade-conflict-with-eu-over-big-tech-fines

Trump Starts Trade Conflict with EU Over Big Tech Fines

3+ hour, 1+ min ago   (461+ words) President Donald Trump is opening a new front in his trade war, and this time the target is the European Union. On July 24, Trump announced a Section 301 trade investigation into the 27-member bloc. He said the investigation will almost certainly…...

Briefs Finance
briefs.co > news > new-tariffs-spark-immediate-legal-challenge-from-small-firms

New Tariffs Spark Immediate Legal Challenge from Small Firms

3+ hour, 1+ min ago   (405+ words) The official reason: those countries have not done enough to stop forced labor. The affected trading partners cover 99.4% of all U.S. trade. Brazil got hit with a 25% duty rate under the same authority. Canada faces a threatened 50% rate on certain goods....

Briefs Finance
briefs.co > news > newly-public-firms-shrink-tradable-share-supply

Why New IPOs Are Shrinking Tradable Share Supply

2+ hour ago   (524+ words) Imagine a company sells just a tiny slice of itself to the public during its IPO, while company insiders and early investors hold onto nearly everything else. That slice is called the "free float" - the shares actually available for regular…...

Google News
briefs.co > news > switching-to-a-flat-cola-could-cut-social-security-s-shortfa

Flat COLA Could Cut Social Security Shortfall in Half

3+ hour, 2+ min ago   (356+ words) Since its inception, Social Security has used a percentage-based COLA to protect benefits from inflation. This method gives higher absolute increases to those with larger benefits, even though all retirees face similar cost-of-living pressures. The flat-rate proposal instead provides the…...

Briefs Finance
briefs.co > news > u-s-military-inks-7b-oracle-pact-covering-a-decade

Pentagon Awards Oracle $7B Decade-Long Contract

21+ hour, 59+ min ago   (1145+ words) Briefs Finance U.S. Military Inks $7B Oracle Pact Covering a Decade - The Pentagon awarded Oracle a 10-year contract worth up to $7 billion for on-premises software. - Oracle's shares gained roughly 3% in after-hours trading, though the stock has dropped 38% year-to-date. - Oracle's cloud revenue climbed…...

Briefs Finance
briefs.co > news > oil-breaks-100-as-coordinated-strikes-hit-three-maritime-cho

Oil Hits $100 as Strikes Target Key Maritime Chokepoints

21+ hour, 59+ min ago   (367+ words) The world's oil supply lines are getting squeezed from multiple directions at once. The Strait of Hormuz is now the target of Iranian strikes on vessels. Separately, the Iran-aligned Houthi group attacked two Saudi oil carriers near the Red Sea…...

Briefs Finance
briefs.co > news > 10-year-treasury-yield-ends-at-4-7-driving-up-borrowing-cost

10-Year Treasury Yield at 4.7%: Borrowing Costs Rise

21+ hour, 59+ min ago   (415+ words) If you have been wondering why your mortgage or car loan keeps getting more expensive, look at the bond market. That number matters more than a lot of people realize. Here is how it works. The Federal Reserve sets a…...

Briefs Finance
briefs.co > news > president-trump-contemplates-major-military-action-against-i

Trump Weighs Major Iran Attack; Pakistan Mediates

21+ hour, 59+ min ago   (499+ words) The conflict has lasted nearly five months, with the U.S. conducting airstrikes for 13 consecutive nights. China's earlier diplomatic efforts failed to produce a ceasefire. Iran has warned European countries against supporting U.S. military actions, while Russia and China have assured Trump they…...

Briefs Finance
briefs.co > news > major-ai-firms-urge-u-s-not-to-impose-broad-ban-on-open-weig

AI Firms Urge U.S. to Avoid Broad Ban on Open-Weight Models

22+ hour ago   (301+ words) A group of big names in artificial intelligence is asking the government to pump the brakes. On July 24, a group of major AI firms - Hugging Face, Meta, Microsoft, Mistral, Nvidia - plus the software platform Replit sent an open letter to…...