Rivian has filed a lawsuit against the U.S. government, U.S. Customs and Border Protection, and its commissioner, seeking a full refund on tariffs paid under President Trump's "Liberation Day" taxes, which the Supreme Court later deemed unconstitutional. The automaker expects tens of millions in refunds while rolling out its R2 SUV.
The U.S. government withdrew subpoenas compelling three New York Times reporters to reveal sources, following sharp criticism from a federal judge who cited "sloppy legal work" and emphasized that such demands on journalists should be a last resort. The subpoenas were linked to articles about President Trump's Qatari-gifted Air Force One jet.
U.S. Treasury yields advanced on Thursday, with the 10-year note reaching 4.707%, driven by Brent crude oil climbing above $100 a barrel due to Middle East tensions and weekly jobless claims falling below 200,000, signaling inflation fears and a potentially heating economy.
A U.S. cargo plane delivered 700 packages of food and hygiene kits to Cuba, part of a $60 million aid tranche aimed at directly assisting Cuban residents via Catholic groups, bypassing the government. This comes amid intensified U.S. pressure and sanctions on Cuba.
Galaxy Digital has launched a Bitcoin Quantum Readiness Initiative, committing up to $5 million in developer grants, a research program, and an advisory council to protect the network from future quantum computing threats, aiming to bridge the gap between quantum advancements and Bitcoin development.
U.S. Treasury yields increased across the curve on Tuesday, driven by escalating Middle East tensions. Reports of ceasefire mediation efforts tempered oil prices, but strategists warn government bonds remain vulnerable to energy price shifts and developments in the Iran conflict.
The Trump administration has suspended disaster recovery funding for the U.S. Virgin Islands' housing authority, citing widespread financial mismanagement, fraud, and the failure to utilize billions in hurricane aid, following a HUD investigation.
U.S. Treasury yields edged higher as escalating tensions in the Middle East, marked by continued U.S. strikes on Iran and Iranian retaliation, influenced markets. Investors are also weighing recent cooler U.S. economic data and anticipate the upcoming S&P Global Flash U.S. PMI report.
A CNBC poll reveals 66% of Democrats oppose the U.S. government taking equity stakes in American companies for national security, compared to 34% of Republicans, highlighting a divisive issue amid growing state investments.
The U.S. government has restored Boeing's authority to issue airworthiness certificates for its 737 Max and 787 Dreamliner aircraft, a responsibility revoked after fatal 737 Max crashes in 2018-2019. The FAA cited comparable production quality findings during an eight-month alternating oversight period.
The US Treasury Department sanctioned 134 cryptocurrency wallets linked to ISIS-K, with 131 on the Tron blockchain. Chainalysis reported these wallets received over $1.4 million since 2023, and Tether has frozen associated funds.
OpenAI is reportedly discussing a 5% equity stake for the U.S. government to ease political concerns and share AI's economic benefits. CEO Sam Altman believes this could democratize AI wealth and foster ties with the Trump administration.
OpenAI has reportedly proposed giving the U.S. government a 5% stake, valued at $42.6 billion, to alleviate political pressure in Washington. CEO Sam Altman suggests this model for leading U.S. AI developers to share AI's benefits and address cybersecurity concerns.
Chip stocks experienced significant declines, with Micron and Samsung seeing double-digit drops. OpenAI's CEO is reportedly considering offering the U.S. government a 5% stake. Meanwhile, Russia launched a large missile and drone attack against Ukraine, prompting reactions from Poland and Finland.
Chinese e-commerce giant Alibaba will pay $600 million to resolve U.S. allegations of facilitating illegal sales of pharmaceuticals and controlled substances. The company failed to prevent merchants on its platforms from importing prohibited items into the U.S. between 2016 and 2024.
OpenAI launched its new GPT-5.6 AI models—Sol, Terra, and Luna—with a limited preview for select partners. This restricted rollout was requested by the U.S. government, which is evaluating frontier AI systems under a developing federal framework.
OpenAI is restricting the release of its new GPT-5.6 AI models, including Sol, Terra, and Luna, to a select group of trusted partners following a request from the U.S. government. This move mirrors previous government actions that led to the takedown of Anthropic's Fable 5 model, raising questions about government control over AI development and potential impacts on the AI race with China.
US Treasury yields declined Tuesday as investors awaited key inflation data. Fears of higher interest rates impacted global tech stocks, while UK bond yields saw slight drops despite a leadership change. The PCE price index release on Thursday is a key focus.
RMS Titanic Inc. plans to auction over 100 artifacts from the wreck, but the US government opposes the sale, citing legal obligations to preserve the site. The company aims to fund future explorations, while opponents argue for public display and preservation.
US Treasury yields climbed Monday, with the 2-year yield hitting its highest since early last year. Investors await key inflation data Thursday and monitor US-Iran war negotiations. Crude prices fluctuated as the Fed signaled a hawkish stance on interest rates.
US Treasury yields climbed Tuesday as investors awaited key inflation data and weighed developments in US-Iran negotiations. The 10-year Treasury yield rose over 3 basis points to 4.483%, with the 2-year and 30-year yields also higher. Crude prices fluctuated amid the geopolitical tensions.
US Treasury yields climbed on Tuesday, with the 10-year note yield rising over 3 basis points to 4.483%. Investors are anticipating Thursday's release of the May Personal Consumption Expenditures (PCE) price index, the Fed's preferred inflation gauge, which is expected to show an increase.
A new Air Force One jet, gifted by Qatar to President Trump, arrived early at Joint Base Andrews. The luxury Boeing 747, valued at approximately $400 million, underwent modifications and will serve as a bridge until the long-term VC-25B is delivered.
Treasury yields showed mixed movement Thursday after Kevin Warsh's initial Federal Reserve meeting. The 10-year yield was flat, the 2-year rose, and the 30-year fell. The Fed held rates steady, signaling potential future hikes and removing language favoring cuts, bolstering market confidence in Warsh's approach to inflation.
