Meta To Start Production Of New AI Chips In September

Meta To Start Production Of New AI Chips In September

Meta Platforms is set to begin production of a new in-house artificial intelligence chip in September, a move that would expand the company’s ability to run AI systems on its own hardware. The chip, referred to as “Iris” in published reports, is part of Meta’s broader effort to increase its internal computing capacity. Reuters, citing…

Tanker Traffic In Strait Of Hormuz Slows After Iranian Strikes

Tanker Traffic In Strait Of Hormuz Slows After Iranian Strikes

Commercial tanker traffic through the Strait of Hormuz slowed after Iranian attacks set off renewed fighting with the United States, raising new concerns about the security of one of the world’s most critical oil-shipping routes. The Strait of Hormuz, a narrow passage connecting the Persian Gulf to the Gulf of Oman, is a key chokepoint…

Goldman Sachs Wins $70B Asset Mandates From Verizon, Lockheed

Goldman Sachs Wins $70B Asset Mandates From Verizon, Lockheed

Goldman Sachs has won two outsourced chief investment officer mandates totaling $70 billion in assets from Verizon and Lockheed Martin, a major set of retirement-plan investment assignments that expands the firm’s institutional asset management business. The mandates involve taking on day-to-day investment management responsibilities for assets tied to the companies’ retirement plans. The wins were…

Hawaii Ranked America’s Worst State For Business In 2026

Hawaii Ranked America’s Worst State For Business In 2026

Hawaii has been ranked America’s worst state for business in 2026, and the state’s long-celebrated quality of life also slipped in the same set of results, according to CNBC’s “America’s Top States for Business 2026” coverage. The findings are part of CNBC’s annual rankings of states, which compare business conditions across the country and publish…

Graham Platner Suspends Maine Senate Bid After Assault Claim

Graham Platner Suspends Maine Senate Bid After Assault Claim

Democratic U.S. Senate candidate Graham Platner has suspended his campaign in Maine following a sexual assault allegation, abruptly removing himself from a race that had been drawing growing attention ahead of the November election. Platner, who was seeking his party’s nomination for the Senate seat, announced the suspension after the allegation became public in recent…

SpaceX And AI Startup Fortunes Drive Private Jet Orders

SpaceX And AI Startup Fortunes Drive Private Jet Orders

Rising wealth tied to SpaceX and fast-growing AI startups is helping drive increased demand for private jets, according to a Reuters report highlighting a surge of interest from newly minted tech fortunes and the businesses that serve them. The development centers on the U.S. private aviation market, where brokers, charter operators and aircraft makers track…

Supreme Court Hears Challenge To Birthright Citizenship Policy

Supreme Court Hears Challenge To Birthright Citizenship Policy

Former President Donald Trump said he plans to ask the U.S. Supreme Court to rehear a case involving birthright citizenship, a move legal observers have widely described as unlikely to succeed. Trump’s comments, reported by multiple outlets including The New York Times, the BBC, CNBC, Al Jazeera and The Seattle Times, focus on revisiting the…

World Cup Matches Push Google Search To Record Queries Per Second

World Cup Matches Push Google Search To Record Queries Per Second

Google Search set a record for queries per second as World Cup knockout-stage drama drew a global audience, according to a report published by CNBC. The milestone came during a period of intense match action that prompted fans to turn to Search in unusually high volumes. The CNBC report said the World Cup drove Google…