WASHINGTON (AP) — Consumer sentiment increased in June for the first time in six months, the latest sign that Americans’ views of the economy have improved as inflation has stayed tame and the Trump administration has reached a truce in its trade fight with China. The preliminary reading of the University of Michigan’s closely watched…… MORE
Trump Clears Path For Nippon Steel Investment In US Steel, So Long As It Fits The Government’s Terms
WASHINGTON (AP) — President Donald Trump has signed an executive order paving the way for a Nippon Steel investment in U.S. Steel, so long as the Japanese company complies with a “national security agreement” submitted by the federal government. Trump’s order didn’t detail the terms of the national security agreement. But U.S. Steel and Nippon…… MORE
Meta Invests $14.3B In AI Firm Scale And Recruits Its CEO For ‘Superintelligence’ Team
Meta is making a $14.3 billion investment in artificial intelligence company Scale and recruiting its CEO Alexandr Wang to join a team developing “superintelligence” at the tech giant. The move reflects a push by Meta CEO Mark Zuckerberg to revive AI efforts at the parent company of Facebook and Instagram as it faces tough competition…… MORE
Shares Of Meatpacking Giant JBS Fall In Debut On The NYSE
Shares of Brazilian meat giant JBS made their debut Friday on the New York Stock Exchange, dropping 3.9%. Trading in New York has been a long-held goal for JBS, which was founded 72 years ago and is now one of the world’s largest meat companies. Half its annual revenue comes from the U.S., where it…… MORE
Air India Black Box Recovered After Crash That Killed 241 Onboard And Several Others On The Ground
AHMEDABAD, India (AP) — Indian investigators have recovered the digital flight data recorder or the black box of the Air India flight that crashed a day earlier. The crash on Thursday killed 241 people on board and at least five people on the ground. Civil Aviation Minister Ram Mohan Naidu said that the black box…… MORE