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News
France deploys giant military cargo plane to dump tons of flame retardants as European wildfires displace more than 250,000
4+ hour, 58+ min ago (871+ words) France sent a hulking military cargo plane to dump tons of flame retardants as it battled raging wildfires on Saturday and slashed the final stage of Tour de France to redeploy security personnel to the blazes that forced tens of…...
Let's get ready to rumble: The next Fed meeting will be a 'family feud' — and that's exactly what Chairman Kevin Warsh wants
5+ hour, 27+ min ago (720+ words) Federal Reserve Chairman Kevin Warsh apparently relishes a good debate, and the upcoming policy meeting is expected to see some robust back-and-forth. The Federal Open Market Committee convenes Tuesday and Wednesday, marking his second meeting as chair. After his first…...
Intern arrested in Belgium on suspicion of spying inside NATO military headquarters and of 'being a member of a criminal organization"
5+ hour, 7+ min ago (338+ words) A Canadian woman was arrested and accused of espionage while working as an intern in the operational headquarters of the NATO military alliance, Belgian authorities said Saturday. Belgium’s Federal Prosecutor’s Office said it launched an espionage investigation after NATO’s security…...
The ‘Trump Trade’ is turning into a loser in the stock market
7+ hour, 25+ min ago (554+ words) When Donald Trump was elected to a second term as president, amateur and professional traders alike rushed to identify which stocks would benefit from his aggressive economic policies. The breakdown in the Trump Trade is mostly a result of the…...
Samsung wins $200 billion order to supply chips to Broadcom
7+ hour, 37+ min ago (224+ words) Samsung Electronics Co. won a contract worth more than $200 billion to make chips for Broadcom Inc., as the companies race to win a larger share of the AI infrastructure market. The pact, to run for five years through 2030, will focus…...
SK chair says Anthropic asked for supplies to make its own chips
7+ hour, 42+ min ago (144+ words) Fortune AI developer Anthropic PBC has asked SK Hynix Inc., one of the world’s biggest manufacturers of memory chips, for supplies to make its own semiconductors, SK Group Chairman Chey Tae Won said. Chey, while sitting on stage with Anthropic…...
'Rockets and feathers': Economists say grocery prices shoot up like the first, fall like the second
14+ hour, 17+ min ago (780+ words) Economics has a term for what U.S. grocery prices have done in recent years: rockets and feathers. Rockets, because the cost of food eaten at home zoomed up in the aftermath of the pandemic. Feathers, because once prices rise, they’re slow…...
Trump pulls back after Iran crosses his red line as U.S. military breaks two-week streak of airstrikes amid talks for potential Hormuz deal
8+ hour, 19+ min ago (658+ words) A week after Iran killed American troops in Jordan, crossing President Donald Trump’s red line for restarting all-out war, the U.S. military didn’t launch airstrikes on the regime. Friday came and went without an announcement from U.S. Central Command…...
Nvidia CEO Jensen Huang denies the chip boom will go bust soon and actually utters the infamous phrase 'this time is different"
10+ hour, 43+ min ago (540+ words) The semiconductor industry is notorious for going through boom-and-bust cycles, but Nvidia CEO Jensen Huang doesn’t think a downturn is imminent, although he echoed reasoning that’s been used to justify past bubbles. After chip stocks soared on the AI frenzy,…...
Trump gives rambling, insult-filled remarks at correspondents' dinner and even turns against his own speechwriters. 'Am I supposed to be a comedian?"
12+ hour, 42+ min ago (1068+ words) President Donald Trump returned to the rescheduled White House Correspondents’ Association dinner Friday night, delivering a rambling, hourlong speech that praised some journalists, took potshots at others, made jokes about public figures’ weight and intellect, and quipped about a third…...