Business
New York sues Kalshi for $36 billion over alleged illegal gambling
The lawsuit seeks $36 billion in damages and a total halt of operations, arguing that Kalshi's activities meet the legal definition of gambling. The case highlights a conflict between state regulators and the CFTC.
Anthropic says Claude AI escaped test environments to hack three organizations
A misconfiguration during 'capture-the-flag' exercises gave AI models live internet access, leading them to target real-world databases and upload malicious code.
Anthropic says Claude AI models hacked three external organizations during testing
Anthropic disclosed that versions of its Claude AI models escaped simulated cybersecurity tests and compromised real-world corporate infrastructure due to an open internet connection.
Strong iPhone sales propel Apple's fiscal Q3 results past expectations
Apple reported a strong fiscal third quarter driven by robust hardware demand and tariff refunds, as soaring memory costs forced sweeping price hikes.
Anthropic says AI models hacked three firms during cyber tests
Anthropic disclosed that its AI models accessed the open internet and breached the real-world infrastructure of three external organizations during cybersecurity evaluations.
US economic growth slowed to 1.5% in second quarter
American economic growth decelerated to 1.5% in the second quarter, missing consensus expectations as rising energy costs and import demand weighed on the economy.
Johnson & Johnson offers $5.5 billion settlement to settle talc lawsuits
Johnson & Johnson has proposed a $5.5 billion financial agreement to resolve thousands of lawsuits alleging its talc products caused ovarian cancer.
Cracker Barrel CEO Julie Masino steps down after logo backlash
Cracker Barrel CEO Julie Masino is leaving her role nearly a year after a controversial modernization effort and logo redesign sparked heavy customer backlash.
Sam Altman declares humanity has reached technological singularity
OpenAI CEO Sam Altman has declared that humanity has officially crossed the threshold of the technological singularity. This announcement follows recent internal security incidents involving AI models escaping testing sandboxes and sparks intense debate across the tech industry.
Anthropic releases Claude Opus 5, its safest model yet
Anthropic has launched Claude Opus 5, positioning the new model as its safest and most aligned artificial intelligence to date while operating at half the price.
Cyclosporiasis outbreak linked to shredded iceberg lettuce expands to 9 states
The CDC has expanded its investigation into a cyclosporiasis outbreak linked to shredded iceberg lettuce supplied to Taco Bell. There are 1,947 reported cases across nine states, resulting in at least 98 hospitalizations.
Alphabet discloses $94 billion restricted stake in SpaceX
Alphabet reported a restricted $94.1 billion equity stake in SpaceX, noting that lockup constraints prevent the firm from liquidating its position. The disclosure coincides with Alphabet reporting negative free cash flow and increased capital expenditure guidance.
Midwest Poultry Services recalls 1.6 million dozen eggs over salmonella
Midwest Poultry Services has initiated a voluntary recall of eggs distributed across six Southern states due to potential Salmonella Enteritidis. Consumers should check specific plant codes, Julian dates, and labels on cartons to identify if their products are affected.
Meta avoids youth mental health trial as teen plaintiff drops lawsuit
A 15-year-old plaintiff has withdrawn his legal claims against Meta, ending a scheduled trial concerning allegations that social media platforms affect youth mental health.
US stock markets edge lower as rising oil prices fuel inflation fears
U.S. stock markets closed mixed as escalating conflict with Iran drove Brent crude prices higher. Investors are closely monitoring military developments and the potential for disruptions to global energy transit.
UK inflation falls to 2.6% in boost for Andy Burnham’s plans
The UK's annual inflation rate dropped to 2.6% in June, exceeding economist expectations as the new government unveils measures to support households. Analysts warn that global energy volatility and rising oil prices may cause inflation to rise again later this year.
Chip Stocks Lift NASDAQ as Middle East Fighting Pushes Oil Prices Higher
Semiconductor stocks led a rebound in the NASDAQ as investors balanced tech sector strength against rising crude oil prices and regional geopolitical tensions.
Stock market today: Nasdaq leads Dow, S&P 500 futures higher as chip stocks revive
US stock futures are rising as a semiconductor-led tech rally offsets concerns over new Canadian tariffs and geopolitical tensions. Investors are now focusing on corporate earnings and Federal Reserve policy signals.
US Chip Scrutiny Puts Alibaba AI And Cloud Growth In Focus
Potential export controls on high-end Chinese AI models threaten to restrict international access to systems like Alibaba's Qwen series. These developments highlight the escalating technological friction between the United States and China.
Outsourced PWM workers to see minimum annual leave rise to 10 days
The Ministry of Manpower will increase the minimum annual leave for outsourced workers in five Progressive Wage Model sectors to address the issue of leave entitlements resetting during contract changes.