Federal Reserve Holds Interest Rates Steady Amid Hawkish Shift in Leadership
In his first meeting as chair, Kevin Warsh kept interest rates unchanged and signaled fewer cuts this year, highlighting persistent inflation and geopolitical energy risks.
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Markets & Macro
AI & Tech Regulation
Anthropic CEO Calls for Unified Global AI Regulation Amid U.S. Export Controls
Anthropic’s CEO urged G7 leaders to maintain a coordinated approach to AI governance while the Trump administration’s export restrictions sparked internal staff concerns.
Energy & Climate
Carbon Capture Startup Launches Newcastle Plant and Eyes $50M Capital Raise for Expansion
MCi Carbon has unveiled its first carbon recycling plant and plans to raise $50 million to scale up operations and advance its mission to reduce industrial CO2 emissions through innovative building materials.
Big Tech
Apple Surpasses Huawei with Record iPhone Sales in China Amid Domestic Brand Struggles
Apple’s iPhone 17 series hit an unprecedented activation milestone in China, reclaiming market leadership as Huawei faces declining sales and shifting consumer loyalty.
Markets & Macro
Federal Reserve Holds Interest Rates Steady in First Meeting Under Chair Kevin Warsh
The Federal Reserve announced it will maintain current interest rates in its initial policy decision with Kevin Warsh serving as chair of the board.
AI & Tech Regulation
PM Modi Advocates Human-Centered AI and Global Collaboration at G7 Summit
Prime Minister Narendra Modi urged development of safe, inclusive AI that prioritizes human empowerment and called for international cooperation on AI governance at the G7 summit.
Markets & Macro
US Stocks Slide as Federal Reserve Signals Possible Interest Rate Hike This Year
U.S. stocks fell amid Federal Reserve projections pointing to higher interest rates before year-end, raising concerns over economic growth and investment valuations.
AI & Tech Regulation
AI Ethics Expert Applauds Anthropic’s Call for Slowing AI to Safeguard Human Values
An AI ethics specialist supports Anthropic’s appeal for a global pause in advanced AI development to address risks of autonomous AI evolution and preserve human oversight.
Corporate Power
EU Antitrust Chief Urges Stronger Support for Cross-Border Bank Mergers to Boost Integration
The EU’s antitrust leader calls on member states to back cross-border bank mergers, emphasizing their role in advancing the single market and funding green and digital transitions.
Markets & Macro
Fed Confronts Persistent Inflation in Warsh’s Inaugural Rate Decision
Kevin Warsh’s first Federal Reserve rate decision comes amid rising inflation and elevated borrowing costs, challenging relief for households and businesses.