Source Linked
Markets
Trump ally Nigel Farage quits UK parliament amid finance scandal to fight special election
Reform U.K. leader Nigel Farage has quit as MP for Clacton, forcing a by-election that he has said he will fight.
Markets
Why oil investors fear the next toll fight could be the Strait of Malacca
The prospect of fees to transit the Strait of Hormuz has sparked alarm, not least by investors who fear it could be replicated in other maritime corridors.
Markets
Chinese AI models are gaining ground with U.S. companies as OpenAI, Anthropic costs surge
Recent model releases from Chinese companies including DeepSeek and Z.ai are seen by many as highly competitive compared to leading U.S. frontier systems.
Markets
Google backs nuclear fusion startup targeting Europe’s first commercial power plant
Proxima Fusion has raised $468 million as it looks to move towards commercializing the promising but infamously difficult technical challenge of nuclear fusion.
Markets
India fashion retailer Trent tumbles 11% as revenue growth disappoints
Shares of one of India's biggest fashion retailers, Trent, fell over 10% after the company reported weak earnings growth.
Markets
Microsoft cuts 4,800 jobs, as Xbox unit downsizes and plans to spin off four gaming studios
Microsoft is cutting jobs in its commercial business and its Xbox gaming group, where revenue has been shrinking.
Markets
China's Alibaba bans Anthropic AI for employees after 'distillation attack' accusation
Chinese e-commerce giant Alibaba has put Anthropic's Claude Code on a high-risk software list.
Markets
SpaceX President Gwynne Shotwell to donate stock to Trump Accounts
President Donald Trump told CNBC's Joe Kernen last week that he thought SpaceX CEO Elon Musk would donate company stock to the program.
Markets
To future-proof your career in the age of AI, do 3 simple things: You'll 'remain valuable,' says expert
Dan Schawbel, who's spent over a decade researching how technology reshapes careers, says employees who do these 3 things in the age of AI will "come out ahead."
Markets
Options Action
About half-a-million SpaceX options traded by midday Monday, a little below the average since inception.
Markets
NATO tensions are ‘growing pains,’ U.S. ambassador says as Trump presses allies
U.S. Ambassador to NATO Matthew Whitaker said NATO's allies boosting defense spending under pressure from Trump reflects “growing pains,” not a crisis.
Markets
Student loan servicers begin 90-day countdown for borrowers to leave SAVE plan
Student loan servicers have begun alerting borrowers that they have 90 days to leave the Biden-era SAVE plan. Here's what comes next.
Markets
Options Action
Mike Khouw gives a trade on Rivian and Tesla, informed by his wife's recent auto purchase.
Markets
Lockheed Martin to buy naval defense firm Ultra Maritime for $3.45 billion
Ultra is owned by private equity firm Advent International, and specialises in anti-submarine technology.
Culture
Akira Ikezoe’s Frogs and Bears Have Something Urgent to Tell Us
The cartoonish earnestness of both artist and artwork belies a sharp attentiveness to the catastrophes unfolding around us.
Culture
Charles Seliger Painted Nature’s Invisible Architecture
One of the youngest Abstract Expressionists, the artist charted an independent path guided by the beauty and intricacy of cellular structures.
Culture
A View From the Easel With Arghavan Khosravi
“It feels like I am spending my time doing what I love.”
Culture
Revisiting 35 Years of an Iconic Newark Artist-Led Space
Aljira championed the work of Dawoud Bey, Firelei Báez, Jeffrey Gibson, and other socially engaged artists who critiqued gentrification and capitalism.
/https://tf-cmsv2-smithsonianmag-media.s3.amazonaws.com/filer_public/d2/d5/d2d574e6-40de-4620-bbae-9c8947ba0ecc/xavier_and_todd_1.jpg)
Culture
An Archival Discovery Became a Treasure Map Leading a Diver to a 17th-Century Shipwreck Carrying Coins and Gold Jewelry
See artifacts recovered thanks to a clue about the last resting place of a lost captain from an East India Company ship that went down near the Isles of Scilly
Business
Sandwich chain Jersey Mike's files for IPO, reports 50% same-store sales growth in recent years
Jersey Mike's has nearly 3,300 locations, making it the second-largest hoagie sandwich chain in the U.S. behind Subway.
Business
Premier Lacrosse League plans to bring in team owners by 2028 'or soon thereafter,' co-founder says
Paul Rabil told CNBC he's banking on the 2028 Los Angeles Summer Games, where lacrosse will return as an Olympic sport, to shine a spotlight on the PLL.
Business
Stock market gains minted nearly 1 million new millionaires in 2025, new UBS report says
Global personal wealth surged by 10.8% in 2025, the biggest jump since 2017, according to UBS.
Business
High-end camping and a capital raise: AutoCamp is banking on summer travel to fuel growth
AutoCamp offers Airstream suites, polished cabins, fire pits, design-forward amenities and access to iconic outdoor destinations.
Business
Ford CEO wants level playing field with Toyota, GM imports as USMCA trade talks reopen
Ford reports it assembled over 2 million vehicles in the U.S. last year – more than any other auto manufacturer, including 311,000 units for export.
Business
Rivian raises 2026 delivery outlook while Lucid misses Wall Street expectations for second quarter
Rivian is increasing its delivery outlook to between 65,000 and 70,000 EVs, up from 62,000 to 67,000 units.
Business
Ford Q2 sales drop 10.3% due to F-Series supplier issue, falling EV demand
Ford said its EV sales fell by 40.7% during the quarter compared with a year earlier, while sales of its F-Series trucks, including the F-150, declined 11%.
Business
Americans are paying record prices for steak. Here's why demand isn't cracking
Despite record beef prices, Americans aren't giving up steak. Consumers are treating beef as an affordable luxury and prioritizing it for special occasions.
Business
Jeff Bezos' family office backed five AI startups in June
Bezos Expeditions is now the most active family office investor thus far this year, per data from Fintrx.
Business
U.S. auto industry faces increased uncertainty without extension of USMCA trade deal
A major issue for automakers is the deal's rules of origin, which determine where a product comes from and which goods are eligible for preferential treatment.
Business
Automakers report mixed U.S. sales results as hybrid vehicles drive market
Second-quarter U.S. new vehicle sales show a sharp divide, with automakers offering hybrid models largely outperforming those without them.
Business
Lamborghini reveals new Urus performance hybrid SUV after ditching EVs
Lamborghini is calling the new Urus SE Performante the "fastest Super SUV in the world."
Business
Nike results top estimates even as China sales drop 12%; retailer expects $986 million tariff refund
Nike was expected to report another quarter of declining sales as the sneaker giant struggles to regain strength under its turnaround strategy.
Business
American Airlines brings grab-and-go lounge to New York's JFK
American Airlines is opening a grab-and-go lounge at New York's JFK
Business
Medicare will start covering obesity drugs for the first time. Here's what patients should know
The move could unlock millions of new patients for Novo Nordisk and Eli Lilly and expand access to medications that were previously out of reach for seniors.
Business
Eli Lilly, Regeneron among first companies selected for FDA initiative to speed review of new manufacturing facilities
Eli Lilly and Regeneron are among the first seven companies the FDA has selected for its PreCheck Pilot Program, CNBC has learned.
Business
Comcast's NBCUniversal spinoff raises hope for more deals. There may not be good options
Comcast plans to separate its cable and media divisions over the next year. This could set each company up for M&A, but there might not be any good options.
Business
Seniors in Medicare are about to get landmark obesity drug coverage — but many may not know it yet
Many seniors may be unaware of the landmark coverage shift starting on July 1, with limited advertising seen from the government or Eli Lilly and Novo.
Business
A 'perfect storm' points to a much smaller U.S. auto market by 2040
The auto industry is selling fewer cars--one forecaster says this is a fundamental change, and it is going to get worse.
Business
How Kohl's lost its way — and is trying to become relevant again
Kohl's went from a household name to a plunging stock as it lost relevancy and its core customer. Now, the company is trying to turn itself around.