Tech

Meta hit with lawsuit alleging AI targeted sick workers for layoffs

Twenty-six former Meta employees are suing the company, alleging AI-powered software disproportionately targeted workers with disabilities or medical leave in this year’s mass layoffs. Meta denies the claims.

Markets

Buffett to Exit Entire Berkshire Stake by 2034 Through Charity

Warren Buffett plans to dispose of his entire Berkshire Hathaway stake within about eight years, targeting a full exit by December 31, 2034, via donations to four family-linked foundations.

Markets

Taco Bell probed in massive cyclospora outbreak causing 'explosive' diarrhea

Federal and state health officials are investigating whether Taco Bell is linked to a multistate cyclosporiasis outbreak that has sickened thousands, with lettuce eyed as a potential source.

Politics

New Mexico AG: DOJ withholding unredacted Epstein files, blocking state probe

New Mexico AG Raul Torrez says the DOJ is withholding unredacted Epstein files needed for the state's Zorro Ranch probe, escalating political pressure on the Trump administration.

Macro

US Sent $49.1B in Tariff Refunds to Businesses in June

The US Treasury paid out $49.1 billion in tariff refunds to businesses in June, more than double May’s payouts and well above the $23.6 billion in tariff revenue collected during the month.

Macro

US CPI Cools to 3.5% in June, Below 3.8% Forecast

June US CPI printed 3.5% YoY, below the 3.8% forecast and down from 4.2%. Falling energy costs led the drop while core inflation eased to 2.6%, reopening the rate-cut debate.

Real Estate

1 in 3 Adults Under 35 Lives with Parents, Impacting Housing Market

A significant portion of adults under 35 are living with their parents, affecting housing demand and the real estate market.

Markets

Stocks and the economy are out of sync, and AI is the reason

Stocks are up nearly 10% in the first half of 2026 while GDP growth trends near 2%. Economists say AI is the reason the market and economy look out of sync, and a wobble in AI names could hit the real economy through the wealth effect.

Geopolitics

Iran Labels Musk's Middle East Assets Military Targets

Iran has declared Elon Musk's Middle East companies, including SpaceX's Starlink, as military targets, adding geopolitical risk hours before the SpaceX IPO debut.

Politics

Trump to Deliver Thursday Prime-Time Speech on 2020 Election Intel

Trump will deliver a 9 p.m. Eastern speech Thursday on newly declassified intel the White House says shows foreign plans to interfere in the 2020 election. Here are the tickers traders should watch.

Geopolitics

Trump Notifies Congress of Resumed War With Iran, Oil Surges

Trump formally notified Congress that US military action against Iran resumed on July 7, restarting the War Powers clock. A reinstated Strait of Hormuz blockade sent Brent up nearly 10% in a single session.

Politics

Trump Administration Launches Campaign to ‘Dismantle’ the ICC

The Trump administration is launching a whole-of-government campaign to dismantle the International Criminal Court, with Rubio pressuring allies to withdraw support and threatening cuts to US assistance.

Politics

Judge Voids Trump’s $1.8B IRS Settlement, Refers Lawyers for Discipline

A federal judge voided Trump’s settlement with the IRS that granted sweeping tax protections and set up a nearly $1.8B fund, referring lawyers for discipline.

Energy

Dubai's DP World plans new Fujairah port to bypass Strait of Hormuz

DP World is planning a new port and container terminal on the UAE's east coast in Fujairah to bypass the Strait of Hormuz, reducing dependence on the Jebel Ali hub as Iran tensions escalate.

Markets

Ohio Named CNBC’s Top State for Business in 2026

Ohio is CNBC’s No. 1 State for Business in 2026, its first top finish since the study began in 2007, edging North Carolina as infrastructure becomes the highest-weighted category.

AI

High-Earner Families Ditch Traditional Schools for AI Learning

High-income families are pulling kids from traditional schools in favor of AI-powered alternatives like Alpha School and Forge Prep, with tuition running up to $75,000 a year.

Markets

US Housing Hits Record Unaffordability, Per CBS Report

Per CBS, US home affordability is at a historic low. Median existing home prices hit $440,660, with buyers needing $117K+ in income and over 75% of listings out of reach.

Politics

Sen. Lindsey Graham Dies at 71 from Aortic Dissection

Sen. Lindsey Graham, 71, died from an aortic dissection linked to arteriosclerosis. His sister, Darline Graham Nordone, appointed to fill his Senate term.

AI

Musk: AI and Robots Will Bring Universal High Income, Work Optional

Elon Musk says AI and robots will make work optional and deliver universal high income. Michael Burry replied ‘False. There will be revolution first.’ Here is the trade angle.

Crypto

Trump’s $1.4B Crypto Haul Tops Every US Public Crypto Firm

Trump’s 2025 financial disclosure shows at least $1.4B in crypto income, edging out Coinbase’s $1.26B and topping every publicly traded US crypto company on the board.

Markets

FIFA weighs 64-team World Cup for 2030 as Infantino floats expansion

FIFA President Gianni Infantino says the body will examine expanding the World Cup to 64 teams for 2030, adding another 16 nations and reshaping the tournament's commercial footprint.

Markets

Delta CEO: Fares Stay Elevated Even If Jet Fuel Prices Fall

Delta CEO Ed Bastian told investors ticket prices will stay elevated even if jet fuel eases, citing labor and structural costs. DAL beat Q2 estimates despite a record $4.4B fuel bill.

Macro

US entry-level job market weakest in 37 years as new-entrant unemployment hits 13.3%

The share of unemployed Americans who are new workforce entrants hit a 37-year high at 13.3% in 2025, with finance and info services bleeding jobs and AI closing the door on entry-level white-collar work.

Tech

Microsoft Hit With Backlash Over 4,800 Layoffs and 2,273 H-1B Approvals

Microsoft is facing backlash after cutting 4,800 jobs including 1,600 at Xbox while USCIS data shows the company was approved for 2,273 H-1B hires this year.

Tech

Phoebe Gates’ shopping app Phia accused of claiming commissions it didn’t earn

Phia, the shopping app co-founded by Bill Gates’ daughter Phoebe, has been accused of ‘cookie stuffing’ to claim affiliate commissions on sales it didn’t generate, leading to suspension from Impact.com.