Markets
Anthropic Above, DeepSeek Below: OpenAI’s Squeeze Is Now a $1 Trillion IPO Problem
OpenAI lost the revenue lead to Anthropic and got sued by Apple in the same week. The structural problem is worse than either headline.
AI
Meta Claims Its Next AI Model Has Caught OpenAI’s GPT-5.5, Signaling a Narrowing Frontier Gap
Meta’s chief AI officer Alexandr Wang told employees during an internal town hall on July 2 that the…
Enterprise AI
Microsoft Bets $2.5 Billion on Frontier Company to Solve Enterprise AI’s Biggest Problem
Microsoft just admitted what the rest of the industry has been whispering for months: selling AI tools is…
Markets
Stocks, indices, and the macro tape
Business
The EU-US Trade Deal Just Took Effect, and the 15% Tariff Ceiling Changes Everything for Global Business
After months of negotiation and legislative ratification across 27 member states, the most consequential…
AI
Meta Is Building a Cloud Business to Sell Its Massive AI Computing Surplus
Mark Zuckerberg spent more than $60 billion building AI infrastructure nobody outside Meta could…
Business
Tesla Delivers 480,000 Vehicles in Q2, Crushing Wall Street Estimates by 18% as International Sales Surge
Tesla reported 480,126 Q2 2026 deliveries, crushing the 406,024 Wall Street consensus by 18…
Economy
June Jobs Report: ADP Signals Cooling Labor Market Ahead of Today’s Payrolls Data
The June nonfarm payrolls report drops at 8:30 a.m. Eastern Thursday, and the preview…
Artificial Intelligence
The race to build — and regulate — intelligent machines
Technology
Product, platform, and the shape of the Internet
Business
Spain Blacklists Palantir From State Companies Over National Security Fears, Joining France and Germany
Europe’s third ban on the U.S. defense tech giant in two months is not…
Business
FedEx Sells Supply Chain Unit to CMA CGM for $1.4 Billion in Logistics Reshuffling
FedEx is getting out of the contract logistics business. The Memphis-based shipping giant agreed…
Markets
Samsung and SK Hynix Tumble 7% as Global Chip Selloff Spreads From Wall Street to Asia
The semiconductor trade that defined the first half of 2026 is getting a violent…
Cloud & Infrastructure
Bloom Energy Stock Surges 20% as Brookfield Expands AI Data Center Power Deal to $25 Billion
Bloom Energy just landed the kind of deal that turns a fuel cell company…
Policy
Google Loses Final Appeal Over Record $4.7 Billion EU Android Antitrust Fine
The EU Court of Justice has dismissed Alphabet’s last appeal against a EUR 4.125…
Business
Microsoft Cuts Thousands of Jobs and Weighs Closing Arkane Studios in Biggest Xbox Overhaul Yet
Microsoft is preparing to cut under 2.5% of its 228,000-strong global workforce, with the…
Business
Deals, earnings, and corporate strategy
Business
EU Ends De Minimis Exemption: New Customs Duty on Low-Value Parcels Hits Cross-Border Ecommerce
The era of duty-free cheap imports into Europe ended Tuesday. As of July 1, 2026, the European Union abolished the de minimis customs exemption that allowed…
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BusinessKroger Bets $1.65 Billion on Giant Eagle to Rebuild Its Regional Grocery Empire
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BusinessNike Beats Earnings Estimates, but a $986 Million Tariff Refund Is Doing All the Heavy Lifting
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BusinessEchoStar Prepares Chapter 11 Filing for Dish DBS, Betting $14 Billion Bankruptcy Will Unlock Spectrum Goldmine
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Intel Hits All-Time High After Trump Confirms Apple Chip Manufacturing Partnership
Intel just broke a 26-year price record, and it took one Truth Social post to get there. President Trump announced on June 18 that Apple has…
Fed Signals Rate Hike as Nine Officials Back Higher Rates in Warsh’s First Meeting
Partners Group Caps Fund Withdrawals, Triggering a $50 Billion Private Equity Rout
Crypto
Digital assets, tokenization, and the on-chain economy
Policy
Regulation, geopolitics, and capital in Washington
Cloud & Infrastructure
Data centers, chips, and the plumbing of AI
Business
Amazon Commits $48 Billion to India by 2030 as Andy Jassy Makes His First Visit as CEO
Amazon CEO Andy Jassy met Indian Prime Minister Narendra Modi on Thursday and announced…
AI
FERC Orders Six Grid Operators to Fast-Track AI Data Center Connections or Justify Current Rules
The federal government just gave America’s largest power grid operators a 60-day ultimatum: prove…
AI
AI Debt Boom: Morgan Stanley Projects $570 Billion in AI-Linked Borrowing in 2026
The AI infrastructure buildout is no longer being funded primarily from cash flow or…
Business
Oracle Q4 Earnings Beat Wall Street, but a $40 Billion Capital Raise Spooked Investors
Oracle just posted the kind of quarter most enterprise software companies dream about, and…
AI
Meta’s $200 Billion Hyperion Data Center Is Rewriting the Rules of AI Infrastructure
Meta is building the single largest artificial intelligence facility on Earth in rural Richland…
Cloud & Infrastructure
Ohio Suspends Data Center Tax Break After Costs Balloon 11x to $1.57 Billion, Voters May Ban Hyperscale Builds Entirely
Ohio Governor Mike DeWine ordered the state’s Tax Credit Authority to stop accepting new…
Economy
Inflation, employment, and the real economy
The Latest
Everything else across the newsroom
Markets
Wall Street Caps Its Best Quarter Since 2020 as the Dow Hits a Record and AI Chips Surge 88%
AI
GitHub Copilot’s First Metered Billing Cycle Closes Today with Developer Revolt
AI & Machine Learning
South Korea Commits $576 Billion to Semiconductor and AI Supremacy
AI
Alphabet’s Dow Debut Lifts Blue-Chip Index Past 52,000 for the First Time
Business
Rocket Lab Acquires Iridium for $8 Billion, Building the First Fully Vertically Integrated Space Company
Business
Anthropic Accuses Alibaba of Running 25,000 Fake Accounts to Steal Claude AI Capabilities
Business
OpenAI Unveils Jalapeno, Its First Custom AI Chip Built With Broadcom to Cut Inference Costs by 50%
Business
Comcast Stock Surges 23% as NBCUniversal and Sky Spinoff Completes a Three-Way Corporate Breakup
Business
Enterprise AI Spending Hits a Wall as Companies Shift From Tokenmaxxing to Efficiency
Business
SpaceX Joins the Nasdaq-100 in Record Time, Forcing Up to $27 Billion in Passive Fund Buying
Energy
Oil Prices Climb as Renewed Iran-US Strikes Put the Strait of Hormuz Ceasefire on Life Support
Business