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America In Focus: Inflation hits 3-year high, Wall Street rallies and Musk becomes a trillionaire

The economy, inflation and how those forces could impact the lives of Americans were front and center over the past week. Trips to the grocery store or gas station are more painful than they were last year, and rising costs are impacting the decisions ...
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Unhealthy air quality in California city as huge warehouse fire burns for 3rd day

TRACY, Calif. (AP) - Officials in a Northern California city urged people sensitive to smoke to keep indoors as firefighters spent a third day Saturday battling a fire in a huge medical equipment warehouse. Air quality on the south side of Tracy, a city of ...
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OpenAI hit with multistate probe into possible user harm as its IPO looms

NEW YORK (AP) - OpenAI received a subpoena from several states as part of a probe into the safety of users of its chatbot as it prepares to offer stock to the public for the first time. The company behind the popular chatbot, ChatGPT, said ...
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First Brands moves ahead with liquidation plan

By Dietrich Knauth June 12 (Reuters) - A U.S. bankruptcy judge in Houston said on Friday bankrupt auto parts maker First Brands could move ahead with a liquidation plan that would fund lawsuits against the company's indicted founder and other insiders in an attempt to ...
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Retail investors build big dreams on small slices of SpaceX

By Suzanne McGee, Akash Sriram and Manya Saini NEW YORK, June 12 (Reuters) - Individual investors eager for a piece of SpaceX's mega IPO on Friday scrutinized their e-mail inboxes and brokerage accounts to see just how big a slice of the pie they received ...
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Exclusive-Tata’s iPhone parts factory contaminated farmland water, India pollution body alleges

By Munsif Vengattil and Aditya Kalra BENGALURU, June 13 (Reuters) - An Indian pollution regulator has alleged wastewater discharged from a Tata components factory for Apple's iPhone has contaminated the groundwater for nearby farms and warned of a forced shutdown unless Tata gives a satisfactory ...
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Gold fever sends some vintage luxury watches to the melting furnace

By Alessandro Parodi and Ben Makori LONDON, June 13 (Reuters) - Omega's Constellation watch has been flashed in campaigns, movies and at the Met Gala by stars like George Clooney and Nicole Kidman, turning it into a symbol of luxury and glamour. But with gold prices ...
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Paramount Skydance merger with Warner Bros. Discovery won’t harm competition, consumers, DOJ says

An investigation by the U.S. Justice Department into Paramount Skydance's proposed acquisition of Warner Bros. Discovery has determined that the mammoth Hollywood media merger is not likely to harm competition in the industry or be harmful for consumers. The agency said Friday that it closed ...
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China ‘strongly dissatisfied’ with Pentagon move against top Chinese tech firms

BEIJING, June 13 (Reuters) - China is "strongly dissatisfied" with a U.S. move to add several large Chinese companies to the Pentagon's list of firms it says are aiding China's military, the commerce ministry said on Saturday. The foreign ministry has also expressed concern about ...
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Anthropic says it has taken its latest AI models offline to comply with new export controls

WASHINGTON (AP) - AI giant Anthropic said Friday it has taken its latest artificial intelligence models, known as Fable 5 and Mythos 5, offline to comply with a directive from the Trump administration to prevent their use by foreign nationals. The export controls mark the ...
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Exxon Mobil set to place Alex Volkov as head of global trading, sources say

By Arathy Somasekhar HOUSTON, June 12 (Reuters) - Exxon Mobil was poised to name Alex Volkov as head of global trading, two sources with knowledge of the matter said. On Thursday, Reuters reported that sources said Tracey Gunnlaugsson, who led the trading division since 2023, ...
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Treasury expands bank data-sharing rules tied to Trump immigration crackdown

NEW YORK (AP) - The Treasury Department moved Friday to enlist the nation's banks more deeply in President Donald Trump's immigration crackdown, including issuing fresh guidance that lets banks rapidly share information about suspected customers and an advisory steering them to flag signs that ...
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