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Ford to recall over 741,000 US vehicles due to park system issue, NHTSA says
Ford is recalling 741,195 vehicles in the U.S. over a transmission park system defect and 36,046 Bronco vehicles for fender flare issues, says NHTSA.
US energy chief exhorts data center backers to push back against opponents
U.S. Energy Secretary Chris Wright urges data center supporters to push back against critics who raise concerns about power use and ai impacts.
Oil settles up on US-Iran strikes; cautious hopes for shipping cap gains
Oil prices rose over 1% following US-Iran strikes, with cautious optimism for energy shipping recovery through the Strait of Hormuz amid ongoing talks.
US Supreme Court rejects Trump’s unprecedented bid to fire Fed’s Cook
The U.S. Supreme Court blocked Donald Trump's attempt to fire Federal Reserve Governor Lisa Cook, preserving the Fed's independence from presidential removal.
Trump threatens 100% tariff on any country that imposes digital services tax
U.S. President Donald Trump threatens a 100% tariff on goods from countries that impose digital services taxes on American companies, escalating trade tensions with Europe.
Nursing homes, factory owners and immigrants brace for fallout from Supreme Court ruling
The Supreme Court ruling ends temporary protected status for Haitians and Syrians, risking job losses in nursing homes and factories across the U.S.
Trump clean energy tax credit cutoff drives project rush as prices set to soar
June 26 (Reuters) – U.S. solar developers have secured federal subsidies for a wave of projects large enough to nearly double current capacity, rushing to beat a July 4 deadline that could send renewable power costs sharply higher. The projections reflect the loss of valuable renewable energy tax credits worth at least 30%[...]
Oil set for big weekly losses as tankers exit Strait of Hormuz
Oil prices dropped about 3% as more tankers exited the Strait of Hormuz, easing supply concerns despite recent vessel attacks near Oman.
JPMorgan sets a new succession plan but Dimon plans to stay on
JPMorgan elevates Doug Petno and Troy Rohrbaugh to co-presidents while Jamie Dimon plans to remain CEO for at least three more years.
Apple raises prices of MacBooks, iPads as memory costs skyrocket
Apple raised prices for MacBook and iPad models due to soaring memory and storage chip costs driven by AI datacenter demand.
Oil falls to pre-war levels on rising Middle East supply
Oil prices fell to levels last seen before the Iran war as rising Middle East supply and resumed Strait of Hormuz flows ease market concerns.
Micron tops estimates, touts $22B in customer deals for memory chips
Micron forecasts quarterly profit and revenue above estimates and secures $22 billion in customer deals for memory chips amid ai-driven demand.
