Technology stocks fell for the third straight session as investors rotated out of AI-adjacent names amid worries about spiralling inference costs.
Category: Business
US Investigators Launch Probe Into 60 Countries for Forced Labour Import Violations
The Trump administration is examining whether goods imported from 60 nations including EU members involve forced labour warranting tariffs of 10 to 12.5%.
Musk Cleared by FTC to Acquire SpaceX Alumni Firm Mesh in M&A Push
Elon Musk received Federal Trade Commission clearance to buy Mesh as he accelerates his strategy of consolidating SpaceX’s extended ecosystem.
UK Small Business Profit Growth Hits 3-Year High at 7.4% in Q1 2026
The Sage SME Pulse report found strong sales and margins offset by a chronic late-payment problem with 49% of invoices overdue.
UK Oil Prices Slide Below $75 a Barrel Easing Inflation Pressures
Falling crude prices have pushed household inflation expectations to 3.8% in June and improved the overall UK economic outlook.
US Fed Expected to Hold Rates Despite Better-Than-Expected May PCE Data
Markets continue pricing in a hold by the Federal Open Market Committee after hotter-than-expected personal consumption expenditure figures.
China Exports Surge 19.6% Year-on-Year in May Fuelled by AI Hardware Demand
Semiconductor exports jumped 110% and mobile phone exports rose 44% as global demand for AI-related products propelled China’s trade surplus.
Google Loses Four AlphaFold AI Researchers to Anthropic in One Week
Senior researchers Jumper Adler Pritzel and Conmy have all joined Anthropic as part of a broader talent exodus from Google DeepMind.
Adani Judge Says US Prosecutors Failed to Justify Dropping Fraud Case
A federal judge challenged the Department of Justice’s decision to dismiss bribery charges against Gautam Adani raising questions about prosecutorial discretion.
EU’s 800 Billion Euro Defence Spending Surge Begins Showing Results in Naples
The European Union’s historic rearmament investment is producing tangible industrial output with new contracts awarded to Italian defence firms.