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Moody’s says ‘unprecedented’ AI spending threatens credit quality of Amazon, Meta, Alphabet and others
Moody’s said AI spending is forcing even the world’s most cash-rich corporations to lean heavily on debt, stock sales and off-balance-sheet moves.
Trump threatens EU with ‘substantial TARIFF’ for ‘ROBBING’ U.S. tech giants
President Donald Trump on Friday said his administration will launch a trade probe into the European Union that will cancel hefty fines levied against U.S. tech giants and likely result in a “substantial” tariff on the 27-member bloc. Read more China’s Geely to make EVs at Ford plant in Spain under new joint venture
Russian attack cuts power to around 150,000 in Ukraine’s north as Kyiv hits missile, oil facilities
The update comes as Ukrainian President Volodymyr Zelenskyy welcomed strikes on a key missile components facility in the Russian city of Kirov.
Trump considering a ‘massive attack’ on Iran as Tehran labels UK ‘accomplice’ to America
The president told Axios he was considering an operation “bigger than ever before.”
China’s Geely to make EVs at Ford plant in Spain under new joint venture
Ford and Geely plan for the joint venture will begin operations in the first half of 2027, with the first new vehicles scheduled to roll off the line in 2028.
Pentagon lowers official Iran war death toll, omitting four killed this month
The Pentagon lowered its official Iran war death toll to 14 from 18, removing four service members killed this month.
Southwest Airlines put Texas jet fuel on a boat to LA for the first time amid supply worries
Southwest hired a ship this spring to send fuel from Houston to Los Angeles in case of supply shortages.
Trump to slap ‘sweeping’ new tariffs on 60 trade partners as global duties expire
The Trump administration has ramped its tariff actions back up since the president’s trade agenda suffered major legal setbacks earlier this year.
‘The Odyssey’ is cleaning up for Imax. Expect the momentum to continue
Nolan’s “The Odyssey” is racking up box office dollars for Imax and fueling investor confidence that the company will reach record ticket sales in 2026.
DOJ withdraws subpoenas to NY Times reporters in Trump plane probe
The subpoenas to New York Times reporters were issued by Manhattan U.S. Attorney Jay Clayton, whom Trump has nominated as director of national intelligence.