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Top AI labs head to the White House as the model-testing framework is finalized
OpenAI, Anthropic, Google, and Meta meet with the White House to review a completed voluntary framework giving the government up to 30 days of pre-release access to frontier AI models, the administration's first major AI oversight push.
Apple takes the UK back to court over its encryption backdoor demand
Apple has filed a second legal challenge at the UK's Investigatory Powers Tribunal over a government order demanding access to encrypted iCloud backups belonging to British users, with a public hearing set for September 2026.
Amazon joins the $3T club as SpaceX braces for its first earnings
Amazon hit a record $287.16 on Monday to become the fifth company ever to cross a $3 trillion market cap, powered by AWS cloud and AI demand. SpaceX reports its first public earnings the following day.
S&P 500 closes in on a record as Iran relief rally lifts Wall Street
The S&P 500 surged 1.6% on Monday, coming within striking distance of its all-time high, as President Trump called off planned strikes against Iran and oil prices dropped sharply. Bitcoin barely moved, highlighting a widening gap between equity and crypto markets.
Visa to buy fraud detection firm BioCatch for $2.4B in cash
Visa has agreed to acquire Israeli behavioral fraud intelligence firm BioCatch for $2.4 billion in cash from Permira and other shareholders, adding AI-powered fraud detection to its payments ecosystem.
Oil slides 6% after Trump calls off Iran strike
Crude oil prices fell sharply on Monday after President Trump halted a planned strike on Iran, citing a near deal. WTI dropped over 6% while an OPEC+ output hike added further pressure.
Trump Says Iran Talks To Resume After Halting Strikes
US President Donald Trump says negotiations with Iran will resume Monday after calling off planned military strikes, with discussions expected to cover the Strait of Hormuz and Iran's nuclear program.
The US robot ban is much bigger than humanoids
The FCC has added foreign-made robots to its Covered List, blocking new models of robot vacuums, lawnmowers, delivery bots and humanoids from US sale over national security concerns around data collection and remote access risks.
US Treasury tells banks it may intervene in yen market Friday
The US Treasury has warned banks via the New York Fed that it may directly intervene in the yen market, a move that would be the first of its kind since coordinated G7 action in 2011.
Apple posts its strongest June quarter ever and gets sold anyway
Apple reported record fiscal Q3 2026 revenue of $109.4 billion, up 16%, with EPS of $2.02 beating estimates. Despite the blowout quarter, $AAPL fell nearly 7% after hours as investors flagged one-off tariff refunds and digested Tim Cook's final earnings call before John Ternus takes over as CEO.
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