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Nvidia CEO Jensen Huang warns China has ‘all the chips they need’ despite US bans16:01 Nvidia CEO Jensen Huang says China s Huawei is flourishing in America s absence and now exports its technology worldwide, competing with U.S. companies globally. Leftist Seattle mayor admits Starbucks criticism 'caused more harm than good'13:53 Seattle Mayor Katie Wilson walked back boycott comments targeting Starbucks as city leaders debate business conditions, taxes and corporate departures. Trader Joe’s expands with 25 new stores across 14 states in massive growth push3:41 The California-based grocery retailer revealed a fresh wave of upcoming locations stretching from Arizona to New York, bringing the company’s total slate of planned stores to more than two dozen nationwide. Popular Costco patio swings recalled after injuries linked to dangerous fall hazard1:34 World Bright International Limited is recalling about 18,500 patio swings sold at Costco after reports that the seats detached from the frame during use, injuring eight people. Jeff Bezos denies role in Melania Trump documentary, says ‘people are very curious’ about first lady23:59 Jeff Bezos on Wednesday denied involvement in Amazon s Melania Trump documentary, calling it a good business decision and rejecting claims of buying influence. Bezos says Mamdani’s tax on luxury NYC homes is ‘fine’ despite backlash23:59 Bezos backed Mamdani’s pied-à-terre tax proposal while arguing higher taxes on billionaires won’t meaningfully help working-class Americans. SpaceX moves to launch highly anticipated IPO23:27 SpaceX has submitted paperwork for a highly anticipated IPO that could make Elon Musk’s space giant the first U.S. company to go public at a valuation above $1 trillion. High energy prices risk keeping inflation above 2% target, concerning Fed policymakers22:55 Fed minutes reveal policymakers worried about energy prices and tariffs driving inflation higher when they held interest rates steady in April. Federal budget deficit projected to hit $2 trillion this fiscal year, ranking among largest in US history21:19 The U.S. is projected to run a budget deficit of at least $2 trillion in fiscal year 2026, according to Treasury Department and bond market estimates. Standard Chartered CEO walks back comments about replacing 'lower-value human capital' with AI20:47 Standard Chartered CEO Bill Winters walked back remarks about cutting thousands of jobs to replace workers with AI, calling his comments out of context. Five Iron Golf launches real-money tournaments with nationwide simulator competition20:47 Five Iron Golf unveiled a new tournament platform featuring cash-prize simulator competitions, live leaderboards and multiple formats for golfers nationwide. Fanatics, American Express announce partnership where card users can further expand their sports fandom20:47 Fanatics and American Express announced a new partnership on Wednesday that allows Amex cardholders to engage more deeply with their sports fandom while earning Fanatics rewards. US targets Iran’s $7.7 billion crypto network tied to regime operations20:47 The Treasury Department has frozen nearly half a billion dollars in crypto tied to Iran as Tehran reportedly controls $7.7 billion in digital assets. Airbnb launches major expansion with airport pickups, luggage storage and AI-powered travel tools19:43 Airbnb is expanding its platform with car rentals, grocery delivery via Instacart, airport rides and boutique hotels in a major push beyond home rentals. Top economist sounds alarm on America’s 40% recession risk, warns stocks are disconnected from reality17:36 Moody s chief economist Mark Zandi says there is a 40% chance of a U.S. economic downturn within the next year, well above the 15% historical average. |
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