The Bank joins the Fed and Bank of Japan in sitting tight, as war in the Middle East drives oil prices higher and blows the spring rate-cut playbook apart.
A network of 25 gas stations in Pennsylvania and New Jersey, branded as Freedom Fuel Network, is offering significant discounts promoted by President Trump. Industry experts are baffled by the sustainability of the discounts and the identity of the entity footing the bill.
A new "Freedom Fuel Network" offering gas discounts of up to 50 cents per gallon has emerged in Pennsylvania and South Jersey, baffling industry experts and officials. The network, incorporated just before Trump promoted it, claims to be a private company with no subsidies, but its ownership and sustainability remain unclear.
The Trump administration's American AI Exports Program, designed to promote U.S. AI technology abroad, has received far fewer applications than expected. Major AI companies remain unconvinced by government incentives and are wary of policy shifts, such as the Anthropic incident, potentially hindering foreign sales.
The Trump administration's American AI Exports Program, designed to promote US AI technology abroad, has received significantly fewer applications than expected. Major AI companies are reportedly unconvinced by government incentives and unnerved by policy shifts, raising concerns about the program's effectiveness in competing with China.
The US administration's increasing involvement in private companies, including potential equity stakes in AI firms and support for chipmakers like Intel, is raising concerns among investors and economists about market distortion and political favoritism over fundamental growth.
The Gordie Howe International Bridge connecting Detroit and Windsor, Ontario, will open on July 27, following a delay caused by former President Donald Trump's trade dispute with Canada. The agreement, supported by the U.S. government, resolves outstanding issues over bridge ownership and revenue sharing.
