Business

AI Power Plants Bypass Environmental Rules
xAI is running dozens of gas turbines without permits at its Mississippi data center, with the Justice Department backing it for national security reasons.

China’s Z.ai open-sources coding model after US blocks Anthropic
Z.ai released GLM-5.2, a powerful open-source coding model, days after the US restricted foreign access to Anthropic’s latest models—reshaping AI infrastructure choices worldwide.

Half of Millennials Still Get Parental Cash
A third of Gen X and over half of millennials still rely on parents financially, as rising costs delay independence and inheritance waits.

GM Cuts 1,000 Jobs, Adds 50 Robots
General Motors replaces over 1,000 workers with 50 robots at its Detroit plant, drawing union criticism despite rising profits.

Costco Adds New Yasso Yogurt Cups
Costco is testing a new frozen Greek yogurt cup from Yasso in select locations, drawing praise for its lighter dessert profile and portion size.

TD Bank to Monitor Employee Activity
TD Bank plans to deploy WorkiQ software to track employee app usage, raising privacy concerns and drawing comparisons to Meta's internal backlash.

Free AI-Powered Cleaning Comes at a Cost
An AI startup offers free apartment cleanings in NYC — but records everything to train robots. Privacy experts warn of risks.

Trapped in a Haywire Waymo
A San Francisco rider describes a terrifying ride when a Waymo robotaxi ignored construction barriers and sped through cones, prompting a recall of nearly 4,000 vehicles.

Amazon Workers Under Probe for Speaking Out
Three Amazon employees say they’re under internal investigation after speaking publicly about regulating data centers in Seattle.

Jersey Mike's Tops Fast Food Rankings
Jersey Mike's has overtaken Chick-fil-A as America's top-rated fast food chain, according to the 2026 American Customer Satisfaction Index.

Gas Drops Below $4 on Iran Deal
Gas prices have dropped below $4 nationally for the first time since April, driven by a U.S.-Iran deal to reopen the Strait of Hormuz and ease oil market tensions.

Waymo Recalls 3,871 Robotaxis Over Construction Zone Risk
Waymo recalls its entire fifth-gen fleet after incidents in Phoenix and San Francisco revealed safety flaws in construction zone navigation.

LaGuardia Runway Closes Overnight
LaGuardia Airport shuts down a runway after a depression is found, raising safety concerns and disrupting flights.

Apps Will Win the AI Boom
VC veteran Chi-Hua Chien predicts AI app developers—not infrastructure giants—will capture most value, repeating past tech cycles.

Roblox rolls out 3 age tiers globally
Roblox launches three age-based account tiers worldwide to enhance child safety, restricting chat by age and giving parents more control.

New Fed Chair Faces Inflation and Pressure
Kevin Warsh’s first FOMC meeting as Fed Chair unfolds amid rising inflation, energy-driven price spikes, and White House pressure to cut rates.

OpenAI Lost $38.5B in 2025
OpenAI’s 2025 financials reveal $38.5B net loss, $34B in spending, and massive payments to Microsoft — all amid its shift to for-profit.

Japan hikes rates to 31-year high
Japan raises interest rates to 1%—its highest level in 31 years—as it navigates inflation, energy costs, and yen stability.

Starbucks Korea shuts all stores for history lesson
Starbucks Korea is closing all 2,000+ stores for staff history training after a tone-deaf 'Tank Day' promotion tied to a dark chapter in Korean history.

SAVE Plan Ends: Borrowers Have 90 Days
Federal student loan borrowers in the SAVE plan have until October to pick a new repayment option before facing higher payments or losing forgiveness progress.

Amazon’s $10B Data Center Faces Local Pushback
Amazon’s $10B data center in rural Missouri brings jobs and $7M in community investment, but faces local opposition over tax breaks and cultural impact.

China readies digital yuan platform to rival SWIFT
China prepares to launch Mbridge commercially, offering a blockchain-based alternative to SWIFT with lower fees and growing transaction volume.

Alfredo Sauce Recall Hits Highest Risk Level
The FDA has upgraded a nationwide Alfredo sauce recall to its highest risk level over potential salmonella contamination.

All Clover Hill Dairy Cheeses Recalled
Maryland health officials urge consumers to avoid all Clover Hill Dairy cheeses due to ongoing Listeria contamination risks, with nine cases and one death linked across states.

Hormuz Closed 100 Days — Why Oil Prices Stay Low
The Strait of Hormuz has been blocked for over 100 days, yet oil prices haven't spiked—here's how the market is absorbing the shock.

OpenAI Under Scrutiny as IPO Nears
OpenAI faces a multistate investigation into user harm as it moves toward a high-stakes IPO, raising questions about AI safety and corporate responsibility.

OpenAI Under Investigation
OpenAI faces a broad investigation by multiple U.S. state attorneys general over user safety, data practices, and impact on minors.

Roanoke Lands $85M Austrian Bet
Austrian life sciences firm Ringana is investing $85M in Roanoke, bringing 435 jobs to launch its first U.S. base.

Quiet Investor's 15-Year SpaceX Bet Pays Off
A low-profile investor who held SpaceX stock since 2011 stands to gain billions as the company goes public.

SpaceX IPO lifts everyday investors
SpaceX's IPO made headlines and millionaires — not just for Musk, but for everyday investors and employees who held equity.

DOJ Clears Paramount-Warner Merger
The DOJ cleared Paramount’s acquisition of Warner Bros. Discovery, citing stronger competition — but scrutiny continues.

SpaceX IPO Makes Workers Millionaires
SpaceX’s record $75 billion IPO turns factory workers, janitors, and engineers into millionaires overnight.

Fortune's First Crypto 100 Revealed
Fortune launches its first Crypto 100 rankings, with BlackRock, Coinbase, and Hyperliquid topping categories in a sign of maturing digital asset markets.

World Bank Cuts Growth Forecast
The World Bank slashes 2026 global growth to 2.5%, warns of a 'lost decade' for developing economies amid energy shocks and inflation.

Bezos’ AI startup raises $12B
Jeff Bezos’ startup Prometheus raises $12B to build an AI that designs and builds complex physical systems, targeting a transformation in engineering and manufacturing.

CISA Orders Faster Patching Due to AI Threats
CISA’s new directive slashes federal patch timelines to 3 days for critical bugs, driven by AI-powered threats.

Starbucks Brings Back Bearista Cups
Starbucks re-releases its viral Bearista Cup with a soccer twist, available globally in stores and online-only in the U.S.

Jet Fuel Crisis Grounds Budget Airlines
Jet fuel prices spike after Middle East conflict cuts off supply, pushing airlines toward collapse and higher fares.

Social Security Fund Runs Short Sooner
Social Security’s retirement trust fund will face a shortfall in 2032, a year sooner than expected, with benefits potentially reduced to 83% after 2034.

Anthropic releases 'safe' AI to public
Anthropic launches Fable 5, a public-facing version of its most advanced AI, with built-in restrictions on sensitive queries and a high price tag.
