Minimalist News

AI Summary

Rheinmetall and Anduril are collaborating to create defense systems for Europe, amid increasing security expenditures across the continent.
Israel is experiencing a critical shortage of Arrow interceptors, leading to urgent efforts to bolster its defense capabilities in light of escalating tensions with Iran.
The geopolitical landscape is shifting as Trump's call for military action against Iran intensifies, raising concerns about a potential escalation of conflict in the region.
The EU is proposing stricter regulations on Russian oil and gas imports, aiming to reduce dependency and bolster sanctions in response to the ongoing Ukraine conflict.
The U.S. Treasury is facing economic pressures, with retail sales declining sharply, triggering fears of recession and influencing market forecasts related to interest rates.

CNBC

Trump weighs potential U.S. military strike on Iran, demands ‘unconditional surrender’ cnbc.com 12 hours ago
President Donald Trump warned Iran's leader, Ayatollah Ali Khamenei, that he is an "easy target" and that "our patience is wearing thin."
The Fed is likely to keep rates the same but give a forecast that moves markets. What to expect cnbc.com 10 hours ago
While any movement on interest rates seems improbable, the meeting will feature important signals that still could move markets.
'Tariff engineering' is making a comeback as businesses employ creative ways to skirt higher duties cnbc.com an hour ago
Global manufacturers are rethinking their products design, looking to tap into a lesser-known legal technique known as "tariff engineering" to…
NYC mayoral candidate Brad Lander released after arrest by ICE cnbc.com 11 hours ago
The arrest comes days after police handcuffed U.S. Sen. Alex Padilla after he was forcibly removed from a press conference held by DHS Secreta…
Sam Altman says Meta offered OpenAI staff $100 million bonuses, as Mark Zuckerberg ramps up AI poaching efforts cnbc.com 3 hours ago
While Meta had sought to hire "a lot of people" from OpenAI, "so far none of our best people have decided to take them up on that," Sam Altman…
Nintendo's Switch 2 has powered a $39 billion rally this year cnbc.com 2 hours ago
Nintendo shares hit a fresh record high on Wednesday continuing a massive rally this year that has been fueled by demand and hype around its S…
Trump to extend TikTok deadline for third time, pushing decision out another 90 days cnbc.com 11 hours ago
President Donald Trump plans to again extend the deadline requiring China's ByteDance to divest TikTok's U.S. business or be effectively banne…
GM unveils quickest Corvette ever with ZR1X 'hypercar' going 0-60 mph in less than two seconds cnbc.com 19 hours ago
GM on Tuesday revealed the 2026 Chevrolet Corvette ZR1X "hypercar" — a souped-up version of the Corvette E-Ray hybrid that went on sale in 202…
Senate tax bill includes $1,000 baby bonus in 'Trump accounts' — here's who qualifies cnbc.com 13 hours ago
A new savings account for children that comes with a $1,000 deposit remained in the Senate’s version of President Trump’s budget bill.
AI will shrink Amazon's workforce in the coming years, CEO Jassy says cnbc.com 13 hours ago
Amazon CEO Andy Jassy said the company's workforce will shrink in the coming years as it adopts more generative artificial intelligence tools …
U.S. Treasury yields slide after retail sales tumbled in May, raising recession fears cnbc.com 12 hours ago
U.S. Treasury yields fell after retail sales fell more than Wall Street expected last month, pushing up fixed income prices and lifting concer…
'SALT' deduction in limbo as Senate Republicans unveil tax plan for Trump's spending package cnbc.com 2 days ago
The 'SALT' deduction is still in limbo as Senate Republicans unveil key tax details of President Donald Trump's spending package. Here's what …
Amazon CEO makes a big prediction on AI — plus, Salesforce hikes prices and a housing market update cnbc.com 14 hours ago
Every weekday, the Investing Club releases the Homestretch; an actionable afternoon update just in time for the last hour of trading.
Senate passes GENIUS stablecoin bill, giving crypto industry first major legislative win cnbc.com 10 hours ago
This is the first legislative victory for the digital asset industry, which put around $250 million in the 2024 election cycle.
JPMorgan moves further into crypto with stablecoin-like token JPMD cnbc.com 14 hours ago
U.S. banking giant JPMorgan is gearing up to launch its own alternative to a stablecoin, called JPMD.
Canva expands from design into analytics with acquisition of MagicBrief cnbc.com 14 hours ago
Canva already provides popular tools for designing ads. Now it wants to help marketers see how they perform.
AWS' custom chip strategy is showing results, and cutting into Nvidia's AI dominance cnbc.com 11 hours ago
Anthropic's Claude Opus 4 launched on Trainium2 GPUs, according to AWS, and Project Rainier is powered by over half a million of its own.
Meta to release smart glasses with Oakley and Prada, extending Luxottica partnership cnbc.com 15 hours ago
Meta plans to release new smart glasses powered by artificial intelligence that carry the Oakley branding, sources familiar with the matter to…
JPMorgan Chase unveils new Sapphire Reserve card perks and $795 annual fee cnbc.com 18 hours ago
JPMorgan, the biggest U.S. bank by assets, shook up the card industry with the launch of the Sapphire Reserve almost a decade ago.
Homebuilder sentiment nears pandemic low as economic uncertainty plagues consumers cnbc.com 18 hours ago
Sentiment among the nation's homebuilders fell due to stubbornly higher mortgage rates, tariff concerns and economic uncertainty among consume…
Nasdaq-traded Chinese herb stock with no revenues rallies 59,000% to top Lululemon in market value cnbc.com 8 hours ago
The developer of traditional Chinese herbal treatments for childhood ADHD and autism is up roughly 59,000% year to date.
Tesla stock slips after report EV maker is pausing Cybertruck and Model Y production cnbc.com 13 hours ago
Tesla is tentatively launching the robotaxi in Austin on June 22, using Model Y vehicles equipped with a new version of its "Full Self-Driving…
How Senate GOP 'no tax on tips' proposal differs from House Republican plan cnbc.com 13 hours ago
The Senate proposed a "no tax on tips" plan that differs in a few ways from one advanced in May by House Republicans.
Trump's $499 smartphone will likely be made in China cnbc.com 14 hours ago
The Trump Organization's newly announced T1 smartphone will likely be made in China, experts said, despite claims the device will be manufactu…
Streaming surpasses combined broadcast and cable viewing for the first time cnbc.com 14 hours ago
Streaming has outpaced the combined share of broadcast and cable TV viewing for the first time ever, according to a new Nielsen report.
Investors see stagflation ahead but slow interest rate cuts, CNBC Fed survey finds cnbc.com 14 hours ago
Respondents continue to forecast weaker growth and higher inflation than they did at the beginning of the year.
Retail sales fell 0.9% in May, worse than expected, as consumers pulled back cnbc.com 17 hours ago
Consumer spending pulled back sharply, weighed by declining gas sales and looming unease over where the economy is headed.
Reddit stock jumps after company rolls out new AI advertising tools cnbc.com 13 hours ago
Reddit shares rallied after the company announced new AI advertising tools to help brands improve engagement.
Democrats press Pfizer, J&J and others over low tax bills and lobbying as Senate debates Trump's plan cnbc.com 15 hours ago
The lawmakers accuse Pfizer, Merck, J&J, AbbVie and Amgen of paying little to nothing in federal taxes despite generating billions of dollars …
Republicans move to eliminate payment pauses for struggling student loan borrowers cnbc.com 15 hours ago
GOP lawmakers' "big beautiful" bill would eliminate payment pauses for student loan borrowers who've lost their job or hit another financial h…