Riding High After I.P.O., SpaceX to Buy A.I. Start-Up for $60 Billion
SpaceX exercised its option to acquire Cursor in an all-stock deal, bolstering Elon Musk’s ambitions in artificial intelligence. Source link
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Big Questions for Warsh as New Era for the Fed Begins
Interest rates, inflation, independence are among the challenges the new chairman of the Federal Reserve faces as the central bank’s policymakers meet. Source link
Warsh Faces Tenuous Balancing Act in First Fed Meeting as Chairman
Elevated inflation and the specter of rate increases will greet Kevin M. Warsh in his debut as chairman of the Federal Reserve. Source link
Oil Prices Continue to Fall as Traders Assess U.S.-Iran Deal
Stocks were mixed after strong rallies the day before. Source link
Japan Raises Rates to 31-Year High to Ward Off War Inflation
Going against Prime Minister Takaichi’s wishes, Japan’s central bank acted amid U.S. pressure, a tanking currency and inflation from energy disruptions. Source link
China’s Spending Slowdown Deepens as Households Tighten Their Belts
The unexpected decline in retail sales underscored China’s growing reliance on exports to sustain economic growth as domestic demand continues to falter. Source link
How Kratom, an Addictive Gas Station Drug, Found Allies in Trump’s Cabinet
With support from Markwayne Mullin and Robert F. Kennedy Jr., the kratom industry is pursuing a potentially lucrative policy. Mr. Mullin owns equity in a company that could benefit. Source link
To Toast America’s Birthday, They Blended Bourbon From Every State
United States of Bourbon, the result of a Vermont couple’s many road trips, is just one of several special whiskeys marking the 250th. Source link
Will SpaceX Fortunes Trickle Down to This Texas Town?
Elon Musk built a huge complex outside the city of Bastrop, population 14,000. Its residents now wonder what the historic SpaceX initial public offering might mean for them. Source link
Global Markets Rally on Iran Peace Hopes
A framework agreement could be signed later this week, but details are scarce. Still, investors are cheering the potential breakthrough. Source link