Anyone firing up the grill this summer already knows hamburgers and steaks are expensive, but the latest numbers show prices have climbed to record highs.
In a letter Friday to Mayor Brandon Johnson, NASCAR said it is pausing the race because it needs more time to try to reschedule the event and reduce the build-out and breakdown of the pop-up racecourse in response to city concerns.
Bowing to federal pressure under the Trump administration, UChicago Medicine has become the latest Illinois hospital to end gender-affirming pediatric care.
Japanese Prime Minister Shigeru Ishiba conveyed that US Treasury Secretary Scott Bessent expressed confidence in reaching a favorable trade agreement between the two countries. Ishiba encouraged continued vigorous discussions between negotiators to achieve a mutually beneficial outcome. While specific trade details weren't discussed due to the visit's broader purpose, both sides acknowledged areas for economic and security cooperation.
Meta Platforms has declined to sign the European Union's code of practice for the AI Act, citing concerns about overreach and legal uncertainties for model developers. The voluntary framework aims to help companies comply with the AI Act, including copyright protections and transparency requirements.
Despite President Trump's repeated calls for lower interest rates and his near attempt to remove Fed Chair Jerome Powell, the Federal Reserve is expected to hold steady at its upcoming meeting. Recent data indicates persistent inflation, complicating the case for a rate cut. The Fed's benchmark rate is anticipated to remain in the 4.25%-4.
In 2025, the US share of global equity flows has significantly decreased due to trade war concerns and doubts about American exceptionalism. Foreign inflows have slowed dramatically, influenced by President Trump's trade policies, fiscal deficit, and a weakening dollar.
A Russian lawmaker has advised WhatsApp to prepare for a potential exit from the Russian market, citing the likelihood of the messaging app being placed on a list of restricted software. This warning comes as Russia aims to reduce its reliance on foreign platforms and promote its own state-backed messaging app, MAX.
