AI Reckoning: Tech Stocks Tumble as Investors Demand Proof Over Promises
Nasdaq falls 2.2% as global selloff hammers Nvidia, SpaceX and semiconductor stocks. Wall Street questions whether AI spending will ever deliver the promised returns.
Warsh's Fed Faces Inflation Dilemma as May CPI Jumps to 4.2%
New Federal Reserve chairman's tight-lipped approach leaves markets guessing as inflation accelerates and rate hike expectations mount.
White Sox Demolish Royals 22-1 in Historic Offensive Explosion
Tristan Peters hits grand slam with six RBI, Miguel Vargas adds three-run homer as Chicago maintains first place in AL Central with franchise-best offensive performance.
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Business
SpaceX Acquires AI Coding Tool Cursor in Record $60 Billion Deal
SpaceX will acquire Anysphere, parent of the popular AI coding assistant Cursor, in a $60 billion all-stock deal—the largest AI acquisition ever—just days after its Nasdaq IPO.
Economy
Fed Holds Rates Steady, but New Chair Warsh Signals Hawkish Shift
The Federal Reserve kept interest rates at 3.50%-3.75% but under new Chairman Kevin Warsh, officials are now eyeing potential rate hikes as inflation remains stubbornly above target.
Sports
USA Falls to Turkey 3-2 in World Cup Finale Despite Clinching Group D
The USMNT suffered a dramatic late defeat to Turkey at the World Cup, with Kaan Ayhan scoring in the 98th minute. Despite the loss, the Americans advance as Group D winners.
