Ex-Apollo CEO Leon Black says Jeffrey Epstein duped him out of more than $60 million
"I knew Jekyll. I didn't know Hyde," Leon Black says about Jeffrey Epstein in his prepared statement to the House Oversight and Government Reform Committee.
OpenAI and Anthropic face new AI reality as companies shift from tokenmaxxing to efficiency
Companies are tightening their AI budgets to focus on getting a return on their investment, and that could dampen growth rates at OpenAI and Anthropic.
Warsh reaches within the Fed for latest advisory appointments
Warsh has added two more key advisors as he seeks to remake how the central bank approaches the economy and monetary policy.
The brands winning with World Cup advertising may not be the sponsors
The World Cup winners and losers in advertising may be indicative of a broader trend of how people are responding to authentic branding.
Volkswagen plans to cut 15% of its workforce and close four German plants, report says
Auto giant Volkswagen is reportedly planning to cut 100,000 jobs and end production at four German plants over the coming years.
Polymarket annualized revenue surpasses $1 billion six weeks after its U.S. exchange launch
World Cup trading and the end of its U.S. waitlist are driving rapid growth for Polymarket's prediction market platform.
Rise in memory chip costs puts pressure on retailers of laptops and smartphones
As the global race for AI moves forward, a shortage of memory chips has begun to drive up prices of consumer electronics and may lead to product shortages.
Red Lobster's Ultimate Endless Shrimp promotion described as a 'car crash' for the company, lawsuit says
"Thai Union doubled down on a campaign to squeeze out every drop of value that it could," creditors said
'The cult of Elon': SpaceX investors grapple with volatility amid big swings
SpaceX stock has seen big spikes and drop in its opening two weeks as a public company.
U.S. crude oil falls below $70, resuming losses after attack on cargo ship near Oman
Oil extended declines on Friday, with markets focused any further breakthroughs in the Middle East conflict, while absorbing a flurry of Persian Gulf news.
Imposter scams led fraud reports to the FTC for fifth straight year in 2025, causing $3.5 billion in losses
The amount lost to imposter scams is part of $15.9 billion in total fraud losses reported to the Federal Trade Commission in 2025
The Club's top 10 things to watch in the stock market Friday
OpenAI is reportedly considering delaying its IPO until 2027, and SpaceX is weighing a deeper push into mobile services.
Estrogen patches are hard to find, and it may not be resolved any time soon
Estrogen patches are in short supply as demand for menopause treatments skyrockets, and it could take at least a year for manufacturers to catch up.
ON Semiconductor strikes $7 billion deal for Synaptics in physical AI push
ON Semiconductor said the deal bumps up its total addressable market by $30 billion, to $243 billion by 2030.
Shipping rebounds in Strait of Hormuz one week after U.S.-Iran deal – but fragile confidence threatens recovery
Shipping traffic through the strategically vital Strait of Hormuz is recovering one week after the U.S. and Iran signed an interim peace deal.
Trump keeps turning Republican wins into loyalty tests — and political liabilities
President Donald Trump’s moves on housing, FISA, Iran and Washington projects are creating new headaches for Republicans trying to show voters they can govern.
Chicago Fed President Goolsbee says inflation is too high; Williams sees price pressures easing
In a live CNBC interview from his home district, Goolsbee declined to speculate on where he thinks interest rates are headed.
U.S.-Iran peace deal grants access to Tehran's nuclear sites, UN watchdog says
"The technical work has started, and we hope to be there soon," IAEA chief Rafael Grossi said at a news conference in Japan on Friday.
Democrats probe Trump's troubled $16 million reflecting pool renovation
President Donald Trump has attempted to spruce up Washington in advance of the country's 250th anniversary.
As Social Security faces trust fund depletion, some Washington lawmakers call for taxing high earners
High earners may only contribute Social Security payroll taxes for part of the year. As the program faces funding woes, some lawmakers say that should change.
Judge blocks Trump's rule limiting federal student loans for certain grad school borrowers
A federal judge temporarily blocked Trump's limits on how much certain graduate students can borrow. That policy was set to go into effect July 1.
NBA targets Asian resurgence with technology and talent push
Southeast Asia has emerged as one of the NBA's fastest-growing markets for fan engagement, making the region a focal point for both player development and business expansion.
Chan Zuckerberg Initiative's Biohub to open new rare disease funding round
Chan Zuckerberg Initiative's Biohub will offer new grants to the rare disease community while expanding its AI drug repurposing partnership with Every Cure.
Supreme Court limits Roundup cancer suits against Bayer's Monsanto
Glyphosate, used in Roundup weedkiller, is the most commonly utilized herbicide in agriculture, and it has long been linked to cancer claims.