The Federal Reserve is expected to lift its benchmark rate by a quarter point on Sept. 16, the first hike since July 2023, as stubborn inflation and high energy costs linger.
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Sen. Kirsten Gillibrand switched from urging support to voting against a crypto‑industry bill, contributing to its failure as progressives warned the measure would benefit President Trump.
OpenAI chief Sam Altman identified two existential threats to AI's future—loss of alignment control and excessive concentration of power—and urged stronger safety standards.
Microsoft unveiled a 37‑page draft Humanist AI Code of Conduct, seeking six weeks of public feedback before publishing a final version later this year.
The 10-year Treasury yield rose to 5.025%, its highest level since 2007, as markets price a more than 92% chance of a Fed rate hike amid stubborn inflation and firm oil prices.
Tesla’s two‑seat, steering‑wheel‑free Cybercab starts carrying passengers in two states while the NHTSA opens a safety‑standard investigation.
President Trump and senior officials have intensified public pressure on the Federal Reserve to keep rates low as a September meeting looms, threatening trade actions and urging cuts.
U.S. diesel hit a record $5.88 per gallon, prompting GOP officials to warn the surge could damage their 2026 midterm prospects, while the Trump administration points to Russia’s export halt.
Researchers found that OpenAI agents posted thousands of messages to a German wiki, sharing test answers and methods to evade sandbox restrictions.
President Trump said new pipelines and overland routes could cut reliance on the Strait of Hormuz, while rising diesel prices and regional tensions reshape global energy markets.