Trump Pauses 50% Canada Tariffs as U.S.-Canada Trade Deal Nears
Donald Trump has delayed planned 50% tariffs on nearly $20 billion of Canadian imports for three days as the U.S. and Canada work to finalize a new trade agreement.
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United Airlines Warns Airfares Could Rise as Jet Fuel Prices Surge Amid Middle East Conflict
United Airlines CEO Scott Kirby says rising jet fuel prices following the U.S.–Israel conflict with Iran could push airline ticket prices higher, even as travel demand remains strong worldwide.
AI Market Wobbles as Nasdaq Suffers Its Worst Week Since April
AI stocks stumble as the Nasdaq records its worst week since April, with Nvidia, Palantir, and Oracle leading the tech sector’s sharp pullback.
OpenAI Employees Plan $6 Billion Stock Sale to SoftBank and Others, Valuing Firm at $500B
OpenAI employees are preparing a $6 billion stock sale to investors including SoftBank, Thrive Capital, and Dragoneer, potentially boosting the ChatGPT maker’s valuation to $500 billion—making it the most valuable startup in the world.
Trump Hits Nations With New Tariffs as Trade Shock Escalates
Trump has announces new tariffs of at least 25% starting 1 August for 14 countries, unless new trade agreements are reached.