Bezos Opens Blue Origin to Outside Investors for First Time, Raising 0B at 30B Valuation
After 26 years of self-funding, Jeff Bezos brings in Coatue and major investors to compete with SpaceX's trillion-dollar lead.
IMF Warns Global Economy Caught Between War Shock and AI Boom as Disinflation Stalls
July World Economic Outlook projects 3.0% global growth, but rising inflation and regional divergence threaten stability.
Cavaliers Lock Up Donovan Mitchell for 73M, Set Stage for LeBron James Homecoming
Cleveland's massive extension sends a message to the NBA's biggest free agent: come home and win another championship.
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Business
Microsoft Cuts 4,800 Jobs as AI Investments Reshape the Company
Xbox takes the biggest hit with 3,200 layoffs planned as Microsoft restructures around artificial intelligence, joining a wave of tech companies cutting workers while boosting AI spending.
Economy
U.S. Services Sector Growth Slows in June as Economy Shows Signs of Cooling
The ISM Services PMI fell to 54 percent in June, marking 24 months of expansion but signaling that America's economic engine may be losing steam as the Fed holds rates high.
Sports
Royals Pull Off Rare MLB Feat, Score in Every Inning of 15-1 Rout Over Phillies
Kansas City achieved something exceedingly rare in baseball, scoring at least one run in all nine innings while tagging Phillies ace Cristopher Sánchez for a career-worst outing.
Business
Palantir CEO Karp Blasts AI Industry: 'Something Has Gone Completely Wrong'
Alex Karp delivers blistering critique of OpenAI, Anthropic business models, calls token-based pricing 'effing insane' and warns enterprises are losing their competitive edge to AI labs.
Economy
US-China Tariff Truce: Stockholm Talks Buy Time as August 12 Deadline Looms
American and Chinese negotiators agree to pursue 90-day extension following 'constructive' Stockholm meetings, potentially clearing path for Trump-Xi summit in October.