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.
Category: News
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.
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.
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.
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.
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.
The FBI said on Tuesday it thwarted a planned attack on the Ultimate Fighting Championship mixed martial arts event on the White House lawn on the weekend, taking five people into custody, according to court documents.
President Donald Trump said on Tuesday he was willing to send his interim deal to end the war with Iran for review by the U.S. Congress, as lawmakers, including many of his fellow Republicans, said they were largely in the dark about the pact.
A $300 billion private fund designed to trigger investment into Iran is outlined in the U.S.-Iran framework agreement and more than half that sum has already been committed, a source with direct knowledge of the deal told Reuters.
U.S. single-family homebuilding fell to an eight-month low in May, pressured by higher mortgage rates and building material prices, suggesting the housing market could remain a drag on economic growth in the second quarter.