Business
Meta says four states want $1.4 trillion in penalties at August youth-safety trial
Four US states are seeking $1.4 trillion in penalties in an upcoming trial examining allegations that Meta designed its platforms to be addictive to minors. The company has dismissed the proposed sum as legally unprecedented while maintaining that its previous public statements were not misleading.
July 1 financial changes impact superannuation, taxes and minimum wages
Australia has introduced a higher minimum wage, new payday superannuation rules, and tax rate changes as part of the 2026-27 financial year reforms.
Bryan Johnson reveals autoimmune gastritis diagnosis in quest to defy aging
Anti-aging advocate Bryan Johnson has revealed a diagnosis of autoimmune gastritis, marking a new challenge for his data-driven health project, Blueprint.
Equinor to acquire BP’s stake in Bay du Nord offshore oil project
Equinor has acquired BP's remaining interest in the Bay du Nord deep-water oil project, gaining full control as it prepares for a final investment decision in early 2027. The transaction is part of BP's strategy to simplify its portfolio while Equinor continues project development.
Xbox to cut 3,200 jobs in major business restructure
Microsoft is reducing its Xbox workforce by 20% and divesting several studios to address profit margin challenges and simplify organizational complexity.
AI stocks rebound lifts S&P 500 as Broadcom gains on Apple deal
Broadcom shares climbed following a new agreement to provide silicon products to Apple, boosting the S&P 500. Meanwhile, the administration introduced new investment accounts for children under 18.
Bryan Johnson diagnosed with incurable autoimmune gastritis
Bryan Johnson has been diagnosed with autoimmune gastritis after years of unexplained low iron levels. He intends to research experimental therapies to treat the condition.
Delta flight hit by firework lands safely at Chicago Midway
A Delta flight from Atlanta safely landed at Chicago Midway after a potential mid-air strike by an unknown object caused minor paint damage to the aircraft.
Hon Hai reports surging quarterly sales driven by strong AI demand
The electronics manufacturer’s quarterly results underscore significant capital expenditure in AI infrastructure. Hon Hai continues to play a key role in the global supply chain by assembling servers for clients like Nvidia.
S&P 500 and Nasdaq futures rise as Wall Street extends rally
Wall Street futures climbed on July 6, 2026, following a rally that pushed the Dow to all-time highs as investors moved capital from semiconductors to other sectors.
The economy is strong yet consumer sentiment is rock bottom
While traditional economic indicators suggest stability, households are struggling with record debt levels and inflation, leading to public pessimism.
Kospi jumps 2.9% as tech rally lifts Asian stocks
The Kospi index rose on Monday as investors shifted focus toward semiconductor manufacturers, bolstered by positive sentiment surrounding chipmaker sales.
Delta flight hit by firework when landing on July 4 at Midway airport
Delta Flight 1076 landed safely at Midway International Airport after being struck by a fireworks mortar during its descent. The FAA is investigating the incident, which resulted in only minor paint damage to the aircraft.
Skechers $68 Plush Foam Slip-on Sneakers Just Dropped to $34
Shoppers can find Skechers Plush Foam slip-on sneakers for 50% off at Scheels. Additionally, the brand is running an online-exclusive BOGO 50% off sale.
Starlink slaps users with up to $1,500 demand surcharges in high‑demand zones
Starlink subscribers are reporting unexpected surcharges of up to $1,500 in high-demand zones as the company works to address ongoing network congestion.
VIP sales at condo launches under scrutiny after agents get first dibs
Regulatory scrutiny intensifies in Singapore as the Council for Estate Agencies discusses property agency practices regarding priority home bookings.
Alibaba bans employee use of Claude Code citing security tracking risks
Alibaba is mandating that employees move to its proprietary Qoder platform after discovering hidden tracking mechanisms within Anthropic’s Claude Code. The decision follows tensions regarding data security and model integrity in the AI sector.
Ruby Princess norovirus outbreak sickens over 120 passengers and crew
More than 120 passengers and crew members fell ill with norovirus during a 20-day Ruby Princess cruise. The cruise line implemented enhanced sanitation protocols following the outbreak.
AI token spending index falls 20% signalling loss of pricing power
A nearly 20% drop in the Silicon Data LLM Token Expenditure Index suggests that cost-sensitive users are tightening usage as the gap between investment and sales widens.
Alberta and Ottawa reach energy deal to fast-track West Coast pipeline
Prime Minister Mark Carney and Premier Danielle Smith have announced a formal agreement to construct a new oil pipeline to Asian markets. The project is linked to carbon capture initiatives and has drawn criticism from political leaders and environmental organizations.