‘A signal of where power sits’: Trump and world leaders joined by OpenAI, Anthropic, Google at G7
Frontier AI risks, infrastructure and sovereignty are all expected to be discussed at the world leaders’ summit.
CNBC Daily Open: AI protectionism opens new front for G7
G7 attention shifts to AI as the U.S. imposes protectionist policies on access to certain models.
Three Iranian tankers exit U.S. blockade for first time in months as shipowners eye Hormuz in ‘wary disbelief’
At least three Iranian tankers carrying nearly five million barrels of crude oil have exited the U.S. Navy blockade.
Japan exports in May grow at fastest pace in more than three years, beating estimates
Japan’s exports in May grew at their fastest pace since November 2022, boosted by robust demand for cars and semiconductors.
Bill limiting investors from buying homes set to speed through Congress
Top lawmakers reached an agreement on a key housing bill that would limit investor ownership, clearing the way for passage through both chambers of Congress.
These stocks should outperform as the Iran deal is finalized, says UBS
With a deal on the horizon, UBS thinks that stocks like Southwest Airlines and Eastman Chemicals could benefit from a potential settlement.
Michael Burry says he’s tempted to bet against SpaceX, but passes on expensive options
Burry argued the company’s market capitalization had reached levels that dwarf many established businesses and fortunes.
SpaceX gets assist from DOJ in effort to toss NAACP air pollution lawsuit
The DOJ is asking a Mississippi federal court to dismiss a lawsuit filed by the NAACP against Elon Musk’s xAI, now owned by SpaceX.
Fed Chair Warsh expected to withhold ‘dot’ from central bank’s interest rate outlook
The central bank’s Federal Open Market Committee is set to release its quarterly update of where individual officials expect interest rates to head.
Rivian laying off hundreds of workers amid R2 launch
Rivian said Tuesday it was laying off hundreds of workers, or less than 2% of its workforce.