AI Boom Faces Reality Check as Massive Spending Meets Uncertain Returns
The artificial intelligence boom that has driven markets, corporate strategy, and investor enthusiasm over the past few years is beginning to face a critical reality check. While AI remains one of the most transformative technologies of the modern era, analysts and investors are increasingly questioning whether the enormous financial commitments pouring into the sector will […]
Lucas Museum Reveals First Exhibitions With ‘Star Wars,’ Comics, Rockwell and Narrative Art Across Cultures
The Lucas Museum of Narrative Art has unveiled the first exhibitions visitors will see when the long-awaited Los Angeles institution opens on Sept. 22, and the overall message is clear: this will not simply be a museum for “Star Wars” fans. The Los Angeles Times reported that the museum will debut with about 20 inaugural […]
U.S. Telecom Agency Broadens China Restrictions With New Push on Device Testing and Network Links
The Federal Communications Commission has voted to expand its technology crackdown on China, signaling that U.S. officials want tighter control not only over Chinese telecom equipment itself but also over the systems and institutions that help bring electronic devices into the American market. The FCC unanimously advanced a proposal to bar all Chinese laboratories from […]
Most Split Fed Vote Since 1992 Leaves Markets Rethinking the Outlook for Lower Rates
The Federal Reserve left interest rates unchanged on April 29, but the real significance of the meeting was how divided policymakers appeared to be. Fed kept its benchmark rate in the 3.5% to 3.75% range, as expected, yet the vote was the most split since 1992. Eight officials supported holding rates steady, while four dissented: […]
First Refunds From Trump Tariffs Expected in May as Importers Wait for Billions in Repayments
The U.S. government says the first refunds tied to President Donald Trump’s overturned tariffs are expected to begin going out around May 11, marking the next major step in unwinding one of the most disruptive trade policies of his administration. The update came from U.S. Customs and Border Protection, which is overseeing the process of […]
High Court Strikes Down Louisiana’s Black-Majority District, Opening Door to Wider GOP Redistricting Gains
The U.S. Supreme Court has delivered a major blow to the Voting Rights Act by striking down Louisiana’s second majority-Black congressional district, a ruling that could reshape redistricting battles across the country and strengthen Republican efforts to hold or expand control of the House. In a 6-3 decision, the court’s conservative majority said the Louisiana […]
Crude Climbs Past $111 With Iran Peace Talks Frozen and Hormuz Risks Unresolved
Oil prices moved back above $111 a barrel as hopes for a diplomatic breakthrough between the United States and Iran continued to fade, keeping traders focused on the risk of a prolonged supply shock. Peace talks had stalled with no clear path to reopening the Strait of Hormuz, one of the world’s most important routes […]
U.S.-UK Trade Tensions Rise as Trump Warns of ‘Big Tariff’ Over British Tech Tax
President Donald Trump has threatened to impose a “big tariff” on the United Kingdom if it does not scrap its digital services tax, escalating a transatlantic trade dispute centered on how governments tax large American technology companies. Trump said the United States would retaliate if Britain continues targeting firms such as Apple, Google, and Meta […]
Stronger-Than-Expected Tesla Results Come With a Bigger Bet on Robots, AI and Future Growth
Tesla reported first-quarter results that beat Wall Street expectations and used the moment to signal an even bigger long-term investment push. The company said it now expects capital expenditures in 2026 to exceed $25 billion, a sharp increase from both last year’s spending and its earlier forecast of around $20 billion. This would amount to […]
Trump Taps Minnesota Economist Christopher Phelan to Lead White House Economic Council
President Donald Trump has nominated University of Minnesota economist Christopher Phelan to serve as his chief economic adviser, filling a key White House vacancy at a moment when economic policy is under heavy political and financial scrutiny. Phelan would become the new head of the Council of Economic Advisers, or CEA, if confirmed by the […]
