Month: June 2025
Immigrant framed for Trump threats can be released on bond, judge says
ICE arrested Ramon Morales-Reyes, a 54-year-old from Mexico on May 22, 2025. Courtesy: U.S. Homeland Security The undocumented Mexican immigrant who was detained after being framed by a jailed inmate for threatening President Donald Trump can be released on a $7,500 bond, a Chicago Immigration Court judge ruled Tuesday morning. Judge Carla Espinoza said at […]
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Stocks making the biggest moves midday: Topgolf Callaway, Insmed, J.M. Smucker, SolarEdge & more
Check out the companies making the biggest moves midday: Topgolf Callaway Brands — The stock popped 5%, adding to its nearly 15% surge in the previous session. Topgolf got a boost on Monday after a director disclosed the purchase of additional shares. Insmed – Shares surged more than 26% after the global biopharmaceutical company announced […]
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FanDuel adds 50-cent surcharge on Illinois bets to offset state taxes, DraftKings may follow
FanDuel is upping the ante in Illinois with a new 50-cent surcharge on all wagers, and DraftKings may be next. Flutter-owned FanDuel is introducing the charge to mitigate the impact of new taxes that the state instituted with its new budget, which disproportionately affect the two leading sportsbooks. The new tax is applied to each […]
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IBM announces new quantum processor, plan for Starling supercomputer by 2029
Parts of the IBM Quantum System Two are seen at IBM Thomas J. Watson Research Center on June 6, 2025 in Yorktown Heights, New York. Angela Weiss | Afp | Getty Images IBM on Tuesday announced a roadmap to develop a large-scale, fault-tolerant quantum computer called Quantum Starling. Part of the company’s plan involves the […]
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World Bank sharply cuts global growth outlook on trade turbulence
Cargo shipping containers are loaded with cranes on container ships at the Burchardkai container terminal at the harbour of Hamburg, northern Germany, on June 3, 2025. Fabian Bimmer | Afp | Getty Images The World Bank sharply cut its global economic growth projections Tuesday, citing disruption from trade uncertainty in particular. It now expects the […]
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JPM recommends selling Tesla. Here’s a breakdown of the call
CNBC’s Phil LeBeau joins ‘Money Movers’ to discuss Boeing’s May orders and JPM recommending to sell Tesla. Source
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Meta forming new AI lab helmed by Scale AI CEO Alex Wang, report says
Alexandr Wang, CEO of Scale AI, arrives for a meeting with international investors in IA at the Elysee Palace as part of the Artificial Intelligence (AI) Action Summit in Paris, France, Feb. 10, 2025. Gonzalo Fuentes | Reuters Meta is forming a new artificial intelligence research lab and bringing on Alexandr Wang, the founder and […]
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Glean, gen AI enterprise search startup, raises $150 million in deal adding billions to valuation
Arvind Jain, CEO of Glean, on SaaS Monster stage during day one of Web Summit 2022 at the Altice Arena in Lisbon, Portugal, on Nov. 2, 2022. Harry Murphy | Sportsfile | Getty Images Generative AI enterprise search startup Glean announced on Tuesday that it raised $150 million in a Series F financing, pushing up […]
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Boeing airplane orders rise to highest level since late 2023 ahead of Paris Air Show
Boeing 737 aircraft fuselages are pictured at the company’s Renton factory in Renton, Washington, on April 15, 2025. Jason Redmond | AFP | Getty Images Boeing‘s gross orders for new airplanes hit 303 last month, the most since December 2023, as the company makes strides against its rival Airbus and works to stabilize production of […]
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ChatGPT is down for some users with OpenAI reporting ‘elevated error rates’
Jaque Silva | Nurphoto | Getty Images ChatGPT was down for some users on Tuesday, with nearly 2,000 outage reports on Downdetector, a site that logs user reports of internet issues. The artificial intelligence chatbot gave some users a “Too many concurrent requests” message, or would not answer questions. The OpenAI status page showed “elevated […]
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