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News
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…...
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…...
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....
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…...
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…...
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…...
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…...
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…...
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…...
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…...