

Nvidia CEO Jensen Huang has lauded Marvell Technology as a potential trillion-dollar company, leading to a significant surge in Marvell's stock price. Huang highlighted Marvell's crucial role in supplying infrastructure for the burgeoning AI sector, emphasizing the importance of its networking and connectivity chips for high-performance data centers. This endorsement marks a substantial increase in Marvell's market capitalization, reflecting its strategic importance in the current technological landscape. The company's recent financial performance also shows strength, with its data center business driving revenue growth.
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CNBCThe Trump administration's proposal to send American citizens exposed to Ebola to Kenya for quarantine, rather than returning them to the US, has sparked widespread protests and legal challenges. Kenyans are questioning why their country was chosen for this purpose, especially given the lack of confirmed cases within Kenya. A Kenyan court has temporarily halted the plan, ordering the government to provide details of its agreement with the US. Public health experts are also raising concerns, noting that in previous outbreaks, Americans were allowed to return home for care, and questioning the administration's rationale for this new approach.
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VoxActing Attorney General Todd Blanche has testified before a House panel that the Department of Justice will not move forward with a planned $1.8 billion compensation fund. This fund was established to settle a lawsuit brought by President Donald Trump against the Internal Revenue Service. Blanche explicitly stated that the DOJ will not operate the fund, regardless of the outcome of legal challenges to its legality. This announcement follows a federal judge's temporary block on the fund's operation and disbursement of money to claimants.
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CNBCPrime Minister Sir Keir Starmer has stated there are "serious questions for police" following the release of bodycam footage depicting officers' response to the murder of Henry Nowak. The footage shows Nowak, who was handcuffed and stated he couldn't breathe, after his killer, Vickrum Digwa, falsely claimed to be a victim of a racist attack. The incident has led to public outcry and clashes between protesters and police. An investigation by the Independent Office for Police Conduct is ongoing, and the Prime Minister has not ruled out a wider inquiry into the matter.
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BBCBlackRock's Chief Investment Officer Rick Rieder believes the current market is experiencing an extraordinary period driven by AI, feeling more relaxed about it than the dotcom era. He notes the significant amount of cash flowing into markets, supported by buybacks and elevated central bank rates, which he sees as structurally positive. While acknowledging some stocks are experiencing rapid price action, Rieder finds current valuations and earnings growth forecasts for tech and semiconductor stocks to be reasonable. He emphasizes that companies are now raising capital alongside real cash flow, differentiating this period from the dotcom bubble.
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CNBCThe pilot of an F-15E fighter jet that was shot down over Iran had previously ejected from another jet downed by Kuwaiti friendly fire just over a month earlier. This remarkable coincidence marks the pilot's second ejection during the same military campaign. The pilot sustained serious injuries in the incident over Iran and was rescued, while the second crew member was rescued after nearly two days. Experts describe the dual shootdowns as a highly unusual occurrence, potentially unprecedented in recent military history.
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CBS NewsAn arbitrator has ruled in favor of former Google CEO Eric Schmidt, finding him not guilty of sexual assault allegations made by his ex-girlfriend and business partner, Michelle Ritter. The arbitrator ordered Ritter to pay Schmidt $10.7 million in damages. Ritter had accused Schmidt of rape on a yacht and at the Burning Man festival, which Schmidt denied under oath. The arbitrator concluded Ritter's claims were false and suggested her actions were self-centered revenge. The case involved complex legal proceedings regarding arbitration agreements and the application of a federal law inspired by the #MeToo movement.
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LA TimesMicrosoft has introduced new AI models, MAI-Code-1-Flash and MAI-Thinking-1, aiming to lessen its dependence on partners like OpenAI and lower costs for developers. MAI-Code-1-Flash can generate source code from written descriptions, entering the growing AI coding market. MAI-Thinking-1 is a reasoning model designed for high efficiency and low token costs. By developing its own models, Microsoft can leverage its Azure cloud infrastructure, potentially offering more cost-effective solutions compared to using third-party models. This move positions Microsoft to compete more directly in the AI landscape as companies like OpenAI and Anthropic pursue IPOs.
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CNBCAn Iranian officer has stated that a renewed war with the United States appears "inevitable," amidst ongoing fighting between Israel and Hezbollah. This statement reflects heightened tensions in the region, with the ongoing conflicts contributing to a sense of impending escalation. The officer's remarks suggest a perception of unavoidable confrontation, likely influenced by the current geopolitical climate and regional hostilities. The situation remains volatile, with the potential for further conflict escalating.
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CBS NewsPresident Donald Trump has appointed Bill Pulte, the current Director of the Federal Housing Finance Agency, to serve as the acting Director of National Intelligence (DNI). Pulte, who has a background in home-building and private equity, has no known intelligence experience. His selection has drawn criticism from lawmakers who express concern about his lack of qualifications and his history of using agency powers to target political opponents. Pulte will oversee 18 intelligence agencies while remaining in his current role.
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BBCPalo Alto Networks shares surged after the company reported better-than-expected fiscal third-quarter results, with artificial intelligence threats increasing the urgency for advanced cybersecurity solutions. The company's revenue growth was boosted by recent acquisitions, and it provided a stronger-than-expected outlook for the fourth quarter. CEO Nikesh Arora highlighted how AI advancements are redefining the cybersecurity industry. The company's stock has seen significant gains this year as sophisticated cyber tools necessitate increased investment in security measures.
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CNBCUlta Beauty reported strong first-quarter results, surpassing Wall Street expectations for both earnings and revenue, and subsequently raised its full-year earnings outlook. The beauty retailer experienced an 11% increase in net sales compared to the previous year, with comparable sales also showing solid growth. CEO Kecia Steelman attributed the strong start to the fiscal year to broad-based growth and effective execution of the company's strategy. This performance comes despite a challenging macroeconomic landscape and a dip in consumer confidence.
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CNBCA US Senate Committee has accused USA Hockey of enabling transgender athletes to compete in officially sanctioned women's competitions, alleging the organization is prioritizing trans players over women's sports opportunities. The committee claims USA Hockey created an "open classification" that allows male athletes who identify as women to participate in leagues marketed as women's leagues. Specific concerns were raised about the Dallas women's league, which reportedly suspended its women-only league to be replaced by an open league. This situation is seen as a violation of policies aimed at protecting women's sports.
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Fox NewsThe appointment of Bill Pulte as acting Director of National Intelligence is raising alarms among analysts and lawmakers due to his lack of intelligence experience and his history of using government information for political retribution. Pulte, currently heading the Federal Housing Finance Agency, will gain access to the nation's most sensitive secrets. Critics fear this move could further politicize the DNI office and erode trust in U.S. intelligence, potentially weaponizing the intelligence community against political rivals. The White House defended the appointment, citing Pulte's talent and past successes.
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CNBCAlphabet plans to raise $80 billion through a stock offering, including a significant investment from Berkshire Hathaway, to fund its artificial intelligence infrastructure expansion. While selling stock to fund investments is typically viewed negatively due to dilution, Alphabet's move is seen as a strategic necessity given the unprecedented scale and urgency of the AI buildout. The company aims to balance investments while maintaining a healthy balance sheet, with the potential to repurchase stock if these investments prove successful. This significant capital raise underscores the immense financial demands of the current AI race.
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CNBCAmazon is facing a lawsuit over its Ring video doorbell's facial recognition software, "Familiar Faces," which a Virginia resident alleges uses AI to scan and categorize individuals without their consent. The plaintiff claims his biometric data was collected without warning and is still being stored by the company. Privacy advocates have previously criticized the feature for potential misuse and data breaches. This lawsuit adds to previous legal challenges against Ring concerning data security and privacy.
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CBS NewsNew satellite imagery provides an update on construction projects at the White House, including the ongoing work on the ballroom and the setup for an Ultimate Fighting Championship (UFC) event on the South Lawn. The ballroom construction follows the demolition of the East Wing, while the UFC Octagon is being erected for an event scheduled for June 14. Additionally, the images show the application of a new coating to the Lincoln Memorial Reflecting Pool. These developments indicate significant activity and preparation for upcoming events at the White House.
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Hewlett Packard Enterprise (HPE) experienced its best trading day ever, with its stock closing up 19% following a significant earnings beat. CEO Antonio Neri stated the company is well-positioned to capitalize on the artificial intelligence disruption, highlighting its strong portfolio. The surge was driven by exceptional demand in its server unit, fueled by AI-related needs, which surpassed analyst expectations. Analysts have revised price targets upwards, though some express caution about the sustainability of this demand in the server market.
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CNBCKyiv is grappling with the aftermath of one of Russia's largest aerial assaults in recent months, which involved waves of drones and missiles. The attack resulted in civilian casualties, injuries, and extensive damage to homes, businesses, and public buildings. Emergency crews are seen searching through rubble, and firefighters are working to extinguish blazes. The bombardment has intensified concerns about Ukraine's air defense capabilities amid strained supplies of interceptor missiles.
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NPRShares of major exchange companies like CME Group, Cboe Global Markets, Intercontinental Exchange, and Nasdaq have fallen significantly following the CFTC's approval of perpetual futures for Bitcoin trading. Investors are concerned that this regulatory approval could pave the way for similar trading products in other asset classes, potentially posing a competitive threat to traditional exchanges. While some analysts believe the risk is manageable, the market reaction indicates a degree of apprehension about the future landscape of Wall Street trading products.
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CNBCPresident Trump has signed an executive order establishing a voluntary framework for vetting powerful new AI systems for national security risks before their public release. The order allows for a 30-day review period, aiming to balance security concerns with the need to maintain America's technological lead over China. Trump emphasized the positive job creation aspects of AI while ensuring it does not impede progress. The government will collaborate with trusted partners for early access to these advanced AI models to promote secure innovation.
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South China Morning PostNew research from the Federal Reserve Bank of New York suggests that the rise of remote work is a significant contributor to the increased unemployment rate among young college graduates since the pandemic. Economists argue that it is more challenging for employers to train and mentor less experienced workers in a remote setting, making companies hesitant to hire them. This trend predates the widespread adoption of AI, indicating that remote work policies are a more immediate obstacle to entry-level employment than artificial intelligence.
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CBS NewsThis article analyzes the growing disconnect between the Democratic Party and working-class voters, suggesting it stems from decades of diverging views on economics and culture, rather than just policy. While Democrats have shifted left on issues like trade and social values, working-class voters have remained more traditional. The author argues that working-class identity is deeply cultural and not solely defined by economic status. The piece critiques the Democratic strategy of focusing on class war rhetoric, suggesting it fails to address the nuanced worldview of these voters.
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LA TimesPrediction market traders on Kalshi anticipate that incumbent Mayor Karen Bass and former reality TV star Spencer Pratt are the most likely candidates to advance to a runoff in the Los Angeles mayoral race. Bass is given a high probability of reaching the second round, though falling short of an outright win. Pratt, a Republican, is also seen as a strong contender, despite his political alignment in a predominantly Democratic city. City Councilmember Nithya Raman's chances of advancing have diminished following a recent debate.
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CNBCA federal judge heard arguments from voting rights groups and several states challenging President Donald Trump's executive order to create a federal voter list and limit mail-in voting. Plaintiffs contend the order is unconstitutional, oversteps executive authority, and places an undue burden on states. They also expressed concerns about potential fear of prosecution for election officials. The Trump administration argued that the plaintiffs lack standing and that the challenges are premature. The judge has taken the motions under advisement.
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House Minority Leader Hakeem Jeffries indicated that Democrats are not currently focused on impeaching President Donald Trump, should they regain a House majority. Jeffries emphasized that the party's priority for the upcoming midterms will be on affordability and addressing issues facing the American people. While acknowledging the Trump administration's actions as "out of control," he remained noncommittal on impeachment proceedings, stating that "nothing has been ruled in or out." The focus will be on accountability and improving quality of life, rather than "self-dealing."
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CNBCA flesh-eating New World screwworm has been detected in Mexico just 25 miles from the United States border, marking the closest confirmed case to U.S. soil in months. The parasite was found in a goat in Coahuila state, which borders Texas. While U.S. officials state the current risk to livestock and people in the United States remains very low, the proximity of this detection is a cause for concern. Texas officials have been issuing warnings about the parasite since late last year.
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CBS NewsCanada has formally requested a 16-year renewal of the North American Free Trade Agreement (USMCA), citing its significant benefits for all three member countries. The request comes as the July deadline for renegotiating the pact approaches. Canada's Trade Minister emphasized the agreement's role in providing a competitive global advantage and expressed willingness to consider improvements. Discussions are also ongoing regarding sectoral tariffs, with the US seeking greater market access in areas like dairy and automobiles.
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BBCThe increasing use of AI in hiring processes is creating significant challenges for both job seekers and employers. Candidates are using AI to generate resumes and cover letters, leading to "signal collapse" where applications become homogenized and difficult to distinguish. Companies, in turn, are using AI to screen applications, potentially leading to algorithmic bias and a less personalized hiring experience. This has resulted in an "arms race" where AI tools are used to detect AI fraud, slowing down the hiring process and increasing the likelihood of misjudgments.
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The AtlanticBasketball star Stephen Curry has ended his sneaker free agency by announcing a significant partnership between his Curry Brand and Chinese sportswear company Li-Ning. Described as "bigger than a shoe deal," the 10-year collaboration aims to expand Curry Brand globally, focusing on basketball, golf, and lifestyle products. Curry expressed pride in building a long-term vision with Li-Ning, citing the company's quality and performance. This move signifies a major global expansion for Curry's personal brand.
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LA TimesThe annual White House Correspondents' Dinner has been rescheduled for July 24 with significantly enhanced safety measures following a shooting incident that led to its original postponement. The suspect was subdued by Secret Service agents, with one agent injured. President Donald Trump has accepted an invitation to attend the rescheduled event, emphasizing it as a "sign of Strength and Fortitude" against those who would disrupt normal life. The White House Correspondents' Association is working to ensure ticket holders are accommodated.
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BBCMicrosoft has announced a substantial advancement in its quantum chip technology, claiming its new Majorana 2 chip offers qubits that are 1,000 times more reliable than its predecessor. This improvement, with qubits surviving for an average of 20 seconds compared to milliseconds, could pave the way for quantum computers to solve commercially useful problems within three years. While specific details remain confidential, the company's approach utilizes a theoretical quasi-particle. This development is part of a global race to harness quantum computing's potential.
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BBCAuthorities have identified the victims of an apparent murder-suicide in North Hills, Los Angeles, as Marine Basmajian, 30, her husband Khajag Basmajian, 31, and their two young children, Alec, 2, and Ella, 6 days old. Police believe Marine Basmajian died by suicide after allegedly killing her husband and children. Early evidence suggests a multiple murder-suicide, and no suspect is being sought. A GoFundMe page has been established to support the family's expenses, describing the victims with heartfelt tributes.
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LA TimesTravelers heading to Europe this summer should prepare for potential disruptions due to the European Union's new Entry/Exit System (EES). This system, operational since April, requires non-EU nationals to submit biometric data, including fingerprints and facial scans, upon arrival to track entries and exits. While intended to streamline border processing, some airports are experiencing significant delays, particularly during peak times, due to issues with self-service kiosks and integration challenges. Travelers are advised to arrive early at airports and allow extra time for connections.
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CBS NewsDespite a significant launchpad explosion last week, Blue Origin is optimistic about resuming New Glenn rocket launches by the end of the year. CEO Dave Limp reported that critical infrastructure at launch pad 36 sustained less damage than initially feared and can be repaired. While the rocket and its transporter-erector were destroyed, other rocket components housed nearby appear undamaged. The company is proceeding with plans to implement an alternative vertical assembly capability, bypassing the need for a new transporter-erector. The cause of the explosion is still under investigation.
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CBS NewsA sleepy Kyiv neighborhood in Vynohradar has been left in a state of devastation following a massive Russian aerial assault, with apartment blocks heavily damaged and cars destroyed. Residents described hearing multiple powerful explosions, with many neighbors requiring hospitalization. The attack resulted in civilian deaths and injuries across Ukraine, including in Kyiv and Dnipro. Survivors expressed deep emotional trauma, stating that while buildings can be fixed, their spirits cannot be, highlighting the profound psychological impact of the conflict.
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BBCA large-scale search and rescue operation is ongoing for a 60-year-old hiker, Jason Coughran, who has been missing for over a week after a Memorial Day hike in California's Lake Tahoe area. Coughran was last heard from on May 25 near Angora Peak. Approximately 200 personnel from over two dozen agencies, including the California Air National Guard, are involved in the search efforts, utilizing ground teams, helicopters, and K9 units. High-altitude experienced teams are also deployed to navigate the challenging terrain.
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Sir Kenny Dalglish, the celebrated Scottish footballer and former manager, is undergoing treatment for cancer. He confirmed the diagnosis after an inadvertent social media post, stating that the treatment is progressing well. Dalglish, who has a storied career with Celtic, Liverpool, and the Scottish national team, requested privacy for himself and his family. The news has been met with widespread support from the football community, with many wishing him a strong recovery.
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BBCGoldman Sachs CEO David Solomon believes markets are currently characterized by "greed" rather than fear, indicating a strong appetite for risk as major AI companies prepare for significant IPOs. He stated that ample liquidity exists to support this wave of fundraising, citing Alphabet's strong stock performance following its $80 billion equity raise as evidence of market receptiveness. Solomon suggests that exuberance can persist for extended periods and that the current cycle may be in its early stages, despite the unprecedented scale of capital being sought.
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CNBCPresident Donald Trump has signed an executive order establishing a voluntary framework for the federal government to assess the national security risks of advanced AI systems before their public release. The order allows for a 30-day review period and emphasizes collaboration with trusted partners to ensure secure innovation. Trump expressed a desire to maintain America's technological lead over other nations, particularly China, while acknowledging the potential benefits and job creation associated with AI. The voluntary nature of the process aims to avoid hindering the fast-paced AI industry.
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US Secretary of State Marco Rubio stated that despite "significant irritants" in the relationship, the United States and China must maintain open communication to de-escalate potential conflicts. Rubio emphasized that dialogue is essential for managing a period of strategic stability, even as deep-seated issues persist. He acknowledged that struggles in the relationship could last for decades, highlighting the complex geopolitical landscape. The remarks follow a recent summit between President Trump and Chinese leader Xi Jinping.
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South China Morning PostFans in the 16 host cities for the 2026 World Cup are expressing a range of emotions, from excitement to apprehension, largely driven by exorbitant ticket prices and logistical concerns. Many feel priced out of attending matches, with some cities experiencing muted enthusiasm due to the cost and perceived elitism of the event. Concerns also include traffic, inadequate public transport, and political issues in host nations. Despite these drawbacks, many fans anticipate the tournament will foster a sense of unity and showcase the passion for football.
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The GuardianThis article provides an analysis of potential interest earnings on a $40,000 deposit across four different savings vehicles: Certificates of Deposit (CDs), high-yield savings accounts, money market accounts, and traditional savings accounts. It details the projected earnings for each based on current rates and terms, highlighting the trade-offs between fixed rates and accessibility. The analysis concludes that traditional savings accounts offer minimal returns in the current high-interest rate environment, while CDs, high-yield savings, and money market accounts present more profitable options for savers.
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CBS NewsThe Trump administration has proposed imposing 25% tariffs on imports from Brazil, alleging "unreasonable" trade practices that "burden or restrict US commerce." Brazil's President Lula da Silva expressed indignation, blaming the decision on political rivalries and personal disputes with US officials. The US trade representative cited lax anti-corruption enforcement and unfair tariffs by Brazil, despite the US having a trade surplus with the country. Brazil has threatened to retaliate if the tariffs are implemented, emphasizing its commitment to protecting its national economy.
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The GuardianThis opinion piece argues that President Trump's approach to the Iran conflict is characterized by contradictory statements and a lack of a coherent strategy, creating a "word cloud of probabilities" regarding the war's status. The author contends that initiating a regime-change war by targeting Iran's leadership removed any incentive for the regime to de-escalate, leading to increased regional aggression. The piece suggests Trump is trapped between wanting the war to end and being unwilling to pay the military, economic, or political costs, leading to an untenable situation with no favorable deal available.
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LA Times