Boeing 737 MAX victims’ families challenge $1.1 billion plea agreement
The plea agreement requires Boeing to plead guilty to a criminal fraud conspiracy charge
Waymo seeks permit to test self-driving cars in Manhattan
If approved, this would be the first autonomous vehicle testing deployment in the city
Zoox opens first robotaxi factory to join race with Waymo and Tesla
Zoox announces the opening of a 220,000-square-foot facility in Hayward, California, which assembles over 10,000 vehicles a year at full capacity
Global stocks slip, safe havens gain as Middle East conflict rages
Oil hovers near 4-1/2-month peak on risks of supply shock as Trump says U.S. "may" or "may not" join Israeli bombing of IranÂ
Stablecoin market cap hits record $251.7 billion after U.S. Senate passes bill
The bill would require stablecoins to be backed by liquid assets like U.S. dollars and short-term Treasury bills
Oil prices rise slightly amid Middle East conflict concerns
Brent crude gains 28 cents to $76.73 a barrel, while U.S. West Texas Intermediate adds 40 cents to $75.24
Honda recalls over 259,000 vehicles in the U.S. due to brake pedal issue
The recall includes certain 2021–2025 Acura TLX, 2023–2025 Acura MDX, and 2023–2025 Honda Pilot models
Over 1,000 Americans become millionaires each day in 2024
Private wealth increases by 4.6% worldwide, while in the Americas it rises over 11%, supported by a stable dollar and strong financial markets
Japan’s exports fall for the first time in eight months
Exports to U.S. decline 11.1%, biggest fall since 2021, led by a 24.7% drop in automobile exports and a 19% fall in auto parts
China pushes for multi-currency global monetary system
People's Bank of China Governor says several major currencies could dominate different regions, reducing the world’s reliance on dollar
Chinese bitcoin mining rig makers shift production to U.S. to avoid tariffs
Bitmain, Canaan, and MicroBT produce more than 90% of the world's bitcoin mining machines
Japanese PM Ishiba’s trade appeal to Trump falls short at G7
Despite a brief conversation between the two leaders, Japan remains on course to face additional 24% tariffs set to take effect on July 9
Malaysia leads Asian markets in foreign bond inflows
Data from regional authorities shows $34 billion flowed into Asian debt in the first five months of the year, the highest since at least 2016
Meta offers $100 million bonuses to recruit OpenAI talent, says Altman
OpenAI CEO says that none of the company’s top employees had accepted the offers so far.
US Senate passes stablecoin bill, heads to House of Representatives for approval
If signed into law, the bill would require stablecoins to be backed by liquid assets such as U.S. dollars or short-term Treasury bills