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Exclusive: US holds off blacklisting China’s DeepSeek, more than 100 firms deemed security risks, sources say

The U.S. has held ​off adding China’s AI startup DeepSeek, memory chipmaker CXMT and more than 100 other companies flagged as national security risks to a trade blacklist, according to two people familiar ‌with the matter, as the Trump administration tries to avoid escalating tensions with Beijing.

June 17, 2026
News

As chair, Warsh finally has a chance to put stamp on Fed balance sheet

In the run-up to becoming leader of the Federal Reserve, Kevin Warsh flagged as a cornerstone issue his belief that the central bank’s bond holdings must be reduced because they are too big and harmful to the U.S. economy.

June 16, 2026
News

Renault teams up with Thales to boost France’s drone production

France’s Renault Group will produce military drones with ‌defence technology firm Thales , the companies said on Tuesday, marking a further push by the automaker into defence manufacturing.

June 16, 2026
News

Crews battle algae bloom in Washington’s newly repainted Reflecting Pool

Work crews poured hydrogen peroxide into the newly repainted Lincoln Memorial Reflecting Pool on Tuesday to combat an algae ​bloom, a little over a week after it was repainted ‌as part of President Donald Trump’s campaign to revamp some of Washington’s major monuments.

June 16, 2026
News

US asset managers file for first ETFs targeting Wall Street’s new obsession, AI and the ‘MANGOS’

Just days after SpaceX wrapped up its record $75 billion initial public stock offering and ignited another burst of enthusiasm among traders for all things AI, two asset managers ​disclosed plans to launch exchange-traded funds linked to the new AI-stock acronym ‌that is all the buzz on Wall Street.

June 16, 2026
News

BMW lowers profit outlook due to China downturn, Iran war double whammy

BMW slashed ​its outlook for 2026 on Tuesday, blaming an accelerated downturn in the key ‌Chinese market as well as the impact of the Iran war, which the German premium carmaker said had hit consumer sentiment and raised energy costs.

June 16, 2026
News

G7 leaders discuss ‘trusted partners’ access to cutting-edge US AI models, sources say

G7 leaders discussed a plan to grant ​select “trusted partners” access to advanced AI models from U.S. firms such as Anthropic, ‌three diplomatic sources said on Tuesday, potentially opening a path around restrictions on non-American use.

June 16, 2026
News

US senators ask for review of Tesla’s ‘Full Self-Driving’ safety data, citing Reuters report

Two U.S. senators are asking the nation’s traffic safety regulator to examine Tesla’s self-published ​crash statistics for its “Full Self-Driving” (FSD) driver-assistance system, following a Reuters investigation last ‌month that found the EV maker was exaggerating its safety claims.

June 16, 2026
News

Trump invokes Defense Production Act for munitions, supply chains

U.S. President Donald Trump has invoked the Defense Production Act to ​address constraints in weapons supply and development ‌for munitions production and supply chains, according to a memo made public on Tuesday.

June 16, 2026
News

Hacking group claims major hack of Novo Nordisk and attempted $25 million extortion

A cyber ​extortion group claimed on Tuesday to have stolen more than a terabyte of data from pharmaceutical ‌giant Novo Nordisk and said it is exploring selling parts of the data after unsuccessfully demanding $25 million from the company.

June 16, 2026

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