Is IBM a Canary in the Tech Coal Mine?
The company tumbled sharply after previewing quarterly results that were disappointing. It’s not good news for software and tech consultin…
Official News
Curated from top global sources
Oil Prices Tick Higher as U.S. Reinstates Iran Blockade
The United States reinstated its blockade on Iranian ports in the Strait of Hormuz and shipping slowed to a crawl amid the renewed warfare i…
Social Security Is Trying to Stabilize a Year After DOGE Cuts
The agency has been quietly hiring workers again, and its leadership is focused on improving technology to ease workloads left by the depart…
What Trump’s New Iran Blockade Could Mean for Oil Prices
The first blockade in April choked off Iranian exports without causing a lasting price surge. Now global oil reserves are lower, and ships f…
China’s Chip Champion to Raise Billions in Race for A.I. Control
CXMT, a linchpin in China’s drive to develop homegrown artificial intelligence technology, is aiming to raise nearly $10 billion in a bloc…
China’s Economy Grows at Slowest Pace in Years
Economic growth of 4.3 percent in the second quarter, versus the same period last year, reflected a broad slump outside of the country’s e…
Tech Investors and Longevity Influencers Back Neko Health’s Expansion
The health tech start-up co-founded by Spotify’s Daniel Ek is worth billions more after a new $700 million funding round.
Data Centers to Add Billions in Power Costs in 13 States
A power auction conducted by a giant grid operator is expected to add $6.3 billion in additional charges to consumers and businesses because…
Trump’s Flip-Flop on Strait of Hormuz Fees Raises New Risks
The president now wants Gulf nations to invest in the U.S. in exchange for safe passage. Shipping industry experts worry other nations will …
Chipotle to Sell Its Mexican-Inspired Fast Food in Mexico
The California-based restaurant chain is opening its first location south of the U.S.-Mexico border this week, bringing its bowls and burrit…
In a Change, Warren Buffett Omits His Annual Gift to the Gates Foundation
The decision by the Berkshire Hathaway founder comes in the wake of Epstein revelations that have troubled the Gates Foundation.
White House Cheers Inflation Data While Iran War Sparks New Price Surge
The news of an improvement in consumer prices in June came as the U.S. and Iran escalated attacks, risking a return to high energy prices.