US government has allowed Anthropic to release its powerful Mythos AI model to select companies and organizations, revising license requirements after ordering an export block earlier this month in the wake of national security fears
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An executive at Amazon pushed back against fears that AI will eliminate most jobs, arguing that “wipe out” and “change” are different. According to Fortune, the executive said AI is reshaping work rather than replacing it outright, even as Amazon continues to hire thousands of Gen Z graduates.
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According to The Hollywood Reporter, an increasing number of Hollywood workers are taking jobs training AI models as traditional employment opportunities in the entertainment industry remain limited.
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APPLE SEEKS U.S. APPROVAL TO SOURCE MEMORY CHIPS FROM CHINA’S CXMT: FT
Apple is seeking U.S. government clearance to purchase memory chips from Chinese DRAM maker CXMT, according to the Financial Times.
The move aims to ease supply shortages and rising memory chip costs driven by AI demand.
CXMT is on the Pentagon’s Chinese Military Company blacklist, making the proposal politically sensitive despite no current legal ban on purchases.
If approved, the deal could diversify Apple’s memory supply chain and reduce dependence on Micron, Samsung, and SK Hynix. (https://t.co/Vx4hGylMK9)
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Apple is seeking U.S. government clearance to purchase memory chips from Chinese DRAM maker CXMT, according to the Financial Times.
The move aims to ease supply shortages and rising memory chip costs driven by AI demand.
CXMT is on the Pentagon’s Chinese Military Company blacklist, making the proposal politically sensitive despite no current legal ban on purchases.
If approved, the deal could diversify Apple’s memory supply chain and reduce dependence on Micron, Samsung, and SK Hynix. (https://t.co/Vx4hGylMK9)
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SOUTH KOREAN STOCKS HIT BY SHARP SELLOFF AMID BUBBLE FEARS
South Korean equities suffered a steep decline on Tuesday as investors rushed to book profits.
Analysts cite extreme market concentration, record margin leverage, and unprecedented retail investor optimism as classic signs of a potential market bubble.
The sharp correction has intensified concerns over stretched valuations after the market’s rapid rally.
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South Korean equities suffered a steep decline on Tuesday as investors rushed to book profits.
Analysts cite extreme market concentration, record margin leverage, and unprecedented retail investor optimism as classic signs of a potential market bubble.
The sharp correction has intensified concerns over stretched valuations after the market’s rapid rally.
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U.S. LEVERAGED ETF TRADING HITS RECORD HIGH, SIGNALING SURGING SPECULATIVE ACTIVITY
Trading in U.S.-listed leveraged and inverse ETFs has reached unprecedented levels, with cumulative notional volume soaring to $5.5 trillion, up 50% from the same period in 2025.
Average daily notional trading volume has climbed to ~$45 billion, equivalent to roughly 30% of the sector’s total assets under management (AUM) changing hands every day.
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Trading in U.S.-listed leveraged and inverse ETFs has reached unprecedented levels, with cumulative notional volume soaring to $5.5 trillion, up 50% from the same period in 2025.
Average daily notional trading volume has climbed to ~$45 billion, equivalent to roughly 30% of the sector’s total assets under management (AUM) changing hands every day.
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TEXAS BECOMES FIRST U.S. STATE TO REQUIRE BIBLE READINGS IN PUBLIC SCHOOLS
Texas has become the first U.S. state to mandate Bible passages as part of the required reading curriculum for public school students.
The new statewide reading list, approved by the Texas State Board of Education, will be rolled out in phases beginning in 2030 and will cover more than 5 million students.
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Texas has become the first U.S. state to mandate Bible passages as part of the required reading curriculum for public school students.
The new statewide reading list, approved by the Texas State Board of Education, will be rolled out in phases beginning in 2030 and will cover more than 5 million students.
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UAE URGES PROTECTION OF STRAIT OF HORMUZ IN RARE HIGH-LEVEL CALL WITH IRAN
The UAE held a rare high-level call with Iran, emphasizing the need to safeguard freedom of navigation through the Strait of Hormuz.
Both sides discussed regional stability and the importance of ensuring uninterrupted maritime trade through one of the world’s most critical energy corridors.
The outreach comes amid heightened geopolitical tensions and renewed concerns over the security of global oil and LNG shipments passing through the Strait.
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The UAE held a rare high-level call with Iran, emphasizing the need to safeguard freedom of navigation through the Strait of Hormuz.
Both sides discussed regional stability and the importance of ensuring uninterrupted maritime trade through one of the world’s most critical energy corridors.
The outreach comes amid heightened geopolitical tensions and renewed concerns over the security of global oil and LNG shipments passing through the Strait.
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U.S. EXPANDS BAN ON CHINESE TECH IMPORTS TO INCLUDE LEGACY TELECOM, SURVEILLANCE EQUIPMENT
The U.S. has broadened restrictions on Chinese technology imports, extending the ban to older-generation telecommunications and surveillance equipment.
The expanded measures aim to close regulatory loopholes that previously allowed imports of legacy devices despite national security concerns.
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The U.S. has broadened restrictions on Chinese technology imports, extending the ban to older-generation telecommunications and surveillance equipment.
The expanded measures aim to close regulatory loopholes that previously allowed imports of legacy devices despite national security concerns.
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U.S. State Department: Washington is determined to enhance the capabilities of the Lebanese Armed Forces to enable it to more effectively consolidate its sovereignty
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Iranian media: No damage to Sirik port as a result of the American attack
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POLICE RESPOND TO REPORTED FIRE AT FREEDOM PLAZA STATUE SITE IN WASHINGTON, D.C.
Police responded to Freedom Plaza following reports of a fire involving newly installed statues commissioned under President Donald Trump’s initiative.
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Police responded to Freedom Plaza following reports of a fire involving newly installed statues commissioned under President Donald Trump’s initiative.
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SPACEX, CHARTER IN EXECUTIVE-LEVEL TALKS ON CONSUMER MOBILE PHONE PARTNERSHIP: SOURCES BBG
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ROBOTICS INVESTMENT SURGES TO RECORD $16 BILLION IN A SINGLE QUARTER
Global investment in the robotics sector reached an all-time high of $16 billion in a single quarter.
The record funding reflects accelerating investor confidence in industrial automation, humanoid robots, AI-powered robotics, and autonomous systems.
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Global investment in the robotics sector reached an all-time high of $16 billion in a single quarter.
The record funding reflects accelerating investor confidence in industrial automation, humanoid robots, AI-powered robotics, and autonomous systems.
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JAPAN’S CRUDE OIL INVENTORIES RECORD LARGEST DRAWDOWN IN HISTORY
Japan’s crude oil reserves have posted the largest drawdown on record, marking an unprecedented decline in the country’s inventory levels.
The sharp reduction highlights tightening crude supply dynamics and sustained demand for energy imports.
The development could support higher global crude prices if inventory replenishment remains slow amid ongoing geopolitical and supply uncertainties.
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Japan’s crude oil reserves have posted the largest drawdown on record, marking an unprecedented decline in the country’s inventory levels.
The sharp reduction highlights tightening crude supply dynamics and sustained demand for energy imports.
The development could support higher global crude prices if inventory replenishment remains slow amid ongoing geopolitical and supply uncertainties.
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U.S. SENATORS INTRODUCE BILL TO RAISE FEDERAL MINIMUM WAGE TO $25/HOUR
A bill has been introduced in the U.S. Senate to increase the federal minimum wage to $25 per hour.
The current federal minimum wage remains $7.25 per hour, unchanged since 2009.
The proposal marks a significant shift from the long-standing $15/hour debate, reflecting rising living costs and inflation pressures across the U.S.
The bill faces a lengthy legislative process and would require approval from both chambers of Congress before becoming law.
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A bill has been introduced in the U.S. Senate to increase the federal minimum wage to $25 per hour.
The current federal minimum wage remains $7.25 per hour, unchanged since 2009.
The proposal marks a significant shift from the long-standing $15/hour debate, reflecting rising living costs and inflation pressures across the U.S.
The bill faces a lengthy legislative process and would require approval from both chambers of Congress before becoming law.
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EMPLOYEE CONFIDENCE IN SENIOR LEADERSHIP FALLS TO RECORD LOWS IN 2026: GLASSDOOR
Employee ratings of senior leadership have continued to decline in 2026, reaching their lowest levels on record, according to Glassdoor research.
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Employee ratings of senior leadership have continued to decline in 2026, reaching their lowest levels on record, according to Glassdoor research.
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8 IN 10 GEN ZERS FEAR AI COULD HURT THEIR ABILITY TO LEARN: GALLUP
80% of Gen Z respondents say it is very likely (34%) or somewhat likely (46%) that using AI tools will make it more difficult for them to learn in the future, according to a Gallup poll.
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80% of Gen Z respondents say it is very likely (34%) or somewhat likely (46%) that using AI tools will make it more difficult for them to learn in the future, according to a Gallup poll.
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WHITE HOUSE SEEKS $87.6 BILLION EMERGENCY FUNDING FOR IRAN CONFLICT, FARMERS, EBOLA RESPONSE
The White House has asked Congress to approve $87.6 billion in emergency funding.
The request includes funding for Iran war-related operations, support for U.S. farmers, and resources to strengthen the Ebola response.
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The White House has asked Congress to approve $87.6 billion in emergency funding.
The request includes funding for Iran war-related operations, support for U.S. farmers, and resources to strengthen the Ebola response.
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UTAH DECLARES EMERGENCY, RESTRICTS FIREWORKS AS CREWS BATTLE LARGEST U.S. WILDFIRE
Utah has declared a state of emergency and imposed fireworks restrictions ahead of the July Fourth holiday as firefighters battle the largest active wildfire in the United States.
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Utah has declared a state of emergency and imposed fireworks restrictions ahead of the July Fourth holiday as firefighters battle the largest active wildfire in the United States.
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