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Tesla reveals $2 billion investment in Elon Musk’s xAI and officially kills the Model S and Model X
Tesla also scrapped its mission to ‘accelerate the transition to sustainable energy’ with a new goal of building ‘a world of amazing abundance’
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ServiceNow stock falls despite earnings beat as CEO Bill McDermott tries to get investors to stop thinking of it as a SaaS company
The workflow automation giant posted strong earnings and announced an Anthropic partnership, as it tries to convince Wall Street it deserves an AI premium.
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Microsoft demand backlog doubles to $625 billion thanks to OpenAI, but hefty spending and slower revenue growth spook investors
Future revenues in the form of RPO rose 110% on the back of a $250 billion commitment from OpenAI, but Azure growth slowed to 39% in the second quarter.
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Jerome Powell says Fed independence isn’t lost … yet. ‘I certainly hope we won’t’ lose it
Powell made clear he believes the Fed can remain independent despite attacks from the Trump administration.
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The American taxpayer spent nearly half a billion dollars deploying federal troops to U.S. cities in 2025, CBO finds
Trump’s federal troop deployment to U.S. cities is costing about $93 million a month, according to the Congressional Budget Office.
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Bessent says Trump administration still pursuing ‘strong dollar policy’
Greenback rebounds after Treasury secretary rejects speculation that Washington is intervening to boost yen
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Federal Reserve signals no rush to cut rates as economy powers ahead
Chair Jay Powell says robust growth and steadying jobs market show borrowing costs are not ‘restrictive’