Elena Voss
Paramount Sued by 12 States in Bid to Block $111 Billion WBD Merger
A coalition of 12 state attorneys general is suing to block the $111 billion media merger, arguing the deal will stifle competition and increase consumer costs.
Oil Prices Surge as U.S.-Iran Escalation Rekindles Supply Fears
Brent Crude climbed above $79 per barrel as renewed military escalation between the U.S. and Iran sparked global concerns regarding oil supply security.
South African rand weakens as Middle East tensions rattle global markets
Heightened geopolitical instability in the Middle East is driving investors away from emerging markets, placing severe inflationary pressure on the South African economy.
OpenAI, Meta, SpaceXAI compete for more cost-efficient AI models
The AI industry is pivoting from raw intelligence to operational affordability as leading labs compete for enterprise market share through lower token pricing.
Oil Climbs, US Futures Dip on Fresh Iran Strikes: Markets Wrap
Brent crude climbed over 3% following US military strikes and the revocation of Iranian oil sanctions waivers.
Americans fear outliving their savings more than death
A growing majority of Americans report that the prospect of running out of money in retirement has become a greater concern than death itself. Driven by inflation and healthcare costs, many are now re-evaluating their financial strategies to address long-term security.
Apple sues OpenAI, accusing ChatGPT maker of stealing trade secrets
Apple filed a lawsuit against OpenAI and two former employees, alleging a systematic effort to misappropriate proprietary trade secrets to advance hardware goals.
Apple sues OpenAI and two former employees over trade secret theft
Apple is suing OpenAI and two former staff members, alleging they misappropriated confidential manufacturing data and internal designs for hardware development.
Apple files lawsuit accusing ChatGPT maker OpenAI of stealing trade secrets
Apple filed a lawsuit against OpenAI, alleging the company misappropriated confidential trade secrets and intellectual property through former employees.
SK Hynix shares jump 13% in massive $26.5 billion Nasdaq debut
South Korean chipmaker SK Hynix saw its American Depositary Receipts close at $168.01 on its first day of trading, marking the largest foreign IPO in U.S. history.
US gasoline prices reach $1.09 per liter as oil trades at $76.80 per barrel
Renewed hostilities in the Persian Gulf have heightened global energy security concerns, driving up fuel costs as tanker traffic through the Strait of Hormuz declines.
Meta users can now opt out of allowing AI to reuse public Instagram photos
Meta has introduced a feature that uses public Instagram photos as social context for AI-generated images. Users can adjust their privacy settings to restrict how their content is utilized by the tool.
EU threatens Meta with fines over addictive Facebook and Instagram features
European regulators have formally challenged Meta over features like infinite scrolling and autoplay, which the Commission claims foster compulsive use. The company faces potential fines if it fails to overhaul its engagement-driven design.
EU orders Meta to remove addictive features or face significant fines
The European Commission is demanding structural changes to Meta's platforms, alleging that features like infinite scrolling and autoplay exploit user behavior.
OpenAI launches ChatGPT Work agent alongside GPT-5.6 model rollout
OpenAI has launched the GPT-5.6 model suite and ChatGPT Work, a new agent designed to manage multi-step professional projects and integrate with business apps.
Xbox CEO Asha Sharma named to Federal Reserve jobs and productivity task force
The Federal Reserve has appointed Xbox CEO Asha Sharma to a task force evaluating how emerging technologies, including artificial intelligence, affect the economy.
Stocks rise and oil prices ease as US-Iran conflict uncertainty continues
Financial markets saw equities climb and oil prices retreat as investors assessed the impact of the US-Iran conflict and Strait of Hormuz transit constraints.
Existing home prices hit record high as sales drop in June
Existing home prices reached an all-time high of $440,600 in June, even as sales volume contracted due to low inventory and rising mortgage rates.
Canada citizenship proof wait time climbs to 19 months amid backlog
IRCC processing times for Canadian citizenship certificates have reached 19 months as the agency manages a backlog of 99,500 pending applications. This surge follows legislative changes to citizenship by descent and a recent administrative audit of issued certificates.
IMF cuts global growth forecast to 3 percent as Iran war spikes oil costs
The International Monetary Fund has lowered its 2026 global growth projection to 3% due to energy shocks following the closure of the Strait of Hormuz. The agency anticipates a rebound to 3.4% growth next year.