

Beta, an air taxi company backed by Amazon, has successfully concluded the first test flights for a U.S. government pilot program focused on electric vertical takeoff and landing (eVTOL) aircraft. These flights involved transporting manufactured organs for United Therapeutics between Maryland and Virginia, covering approximately 275 nautical miles. Beta's CEO expressed optimism that these missions set the stage for cost-effective, routine medical applications utilizing electric flight nationwide. The program aims to accelerate the realization of flying taxis, with Beta actively participating in multiple projects, though the broader industry faces challenges with FAA certification timelines.
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CNBCSouth Korean semiconductor giant SK Hynix opened on the Nasdaq at $170 per share, marking a significant debut with an approximate 14% increase. The company's American depositary receipts (ADRs) were priced at $149, raising substantial funds for its expansion plans. SK Hynix Chairman Chey Tae-won expressed his excitement, calling the listing a "dream come true" and emphasizing the "enormous" and exponentially growing demand for memory chips, particularly for AI infrastructure. Despite the cyclical nature of the memory market, the company is confident that AI has permanently altered demand patterns, necessitating increased production capacity.
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CNBCFive prominent Senate Democrats have called for hearings to investigate President Donald Trump's cryptocurrency holdings, citing his recent financial disclosure and concerns about foreign and unidentified investors in his family's crypto business. The senators are particularly focused on World Liberty Financial, a venture that reportedly generated significant income for Trump, with a substantial stake allegedly acquired by a group tied to the UAE's national security adviser. They are seeking to examine potential national security implications and whether foreign influence may have impacted administration policies. The White House has not yet responded to requests for comment on the letter.
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CNBCA harrowing incident occurred on a Ryanair flight from Thessaloniki to Memmingen when a passenger window dislodged mid-air, nearly causing a man to be sucked out. The aircraft made an emergency descent of 9,000 feet shortly after takeoff, with passengers reporting hearing an "explosion." The man, a 61-year-old Serbian national, was reportedly held by his legs by his wife for several minutes to prevent him from being fully ejected. Ryanair confirmed the incident involved a dislodged window, and the flight returned to Thessaloniki. The airline arranged for a replacement aircraft to continue the journey for other passengers.
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BBCThe parents of Nolan Wells, an 18-year-old found deceased after going missing on Horn Island, firmly believe their son did not choose to remain on the island when his friends departed by boat. His father stated that Nolan's character was always to stay with the group, making the idea of him willingly being left behind unfathomable. Wells was last seen on July 4th, and his body was discovered days later off the coast of the island. An independent autopsy is being conducted, facilitated by Colin Kaepernick, amid ongoing investigations into the circumstances surrounding his disappearance and death.
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CBS NewsReplacing a central air conditioning unit can be a significant expense, especially during summer heatwaves. The cheapest way to pay for a new system typically involves using cash if sufficient savings are available, avoiding interest and fees. If cash isn't an option, promotional HVAC financing with 0% interest for a limited period can be cost-effective, provided the balance is paid off before the promotional period ends. Home equity loans or HELOCs offer lower interest rates than personal loans or credit cards, but carry the risk of using one's home as collateral. Personal loans can be a viable alternative, especially for those with strong credit, while credit cards are generally the most expensive option due to high interest rates.
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CBS NewsA year prior to a significant fire at a Boyle Heights cold storage building, the facility's operator, Lineage, inquired with Los Angeles City Hall about removing an emergency shutdown switch for its rooftop solar panels. Lineage reportedly sought a "safer alternative" to rapid shutdown devices, which, while intended to protect firefighters, have been linked to increased fire risks. The company did not receive any variances or exemptions. Despite Lineage's belief that the fire may have started during testing of the solar array, the Los Angeles Fire Department has not yet determined the cause. The solar panels have become a focus of the investigation due to their potential role in the blaze.
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LA TimesA federal appeals court has temporarily blocked the Justice Department from releasing redacted transcripts and audio recordings of conversations former President Joe Biden had with his biographer about a decade ago. The U.S. Court of Appeals for the District of Columbia Circuit granted a 10-day administrative injunction to allow time to consider an emergency motion for an injunction pending appeal. These recordings, made for Biden's memoir, gained attention following special counsel Robert Hur's investigation, which referenced them to describe Biden's memory and faculties. The Heritage Foundation had requested the materials, but Biden's legal team argued for their disclosure to be blocked, citing privacy concerns.
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CBS NewsThe CNBC Investing Club, led by Jim Cramer, is considering increasing its position in Intel stock, which has seen a nearly 10% decline this week, as the broader semiconductor sector experiences a cooling period. Despite the recent dip, Cramer remains a believer in Intel's long-term vision, particularly its expanding chip manufacturing business and its potential to benefit from rising CPU demand driven by AI inference. The club added to its Intel position earlier in the week and is looking for opportunities to add more shares. Other portfolio stocks, including Wells Fargo, Goldman Sachs, and Johnson & Johnson, are set to report earnings next week.
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CNBCOscar-winning actor Sir Anthony Hopkins is set to release his debut album, "Life is a Dream," next month, featuring classical compositions he has worked on for six decades. The 88-year-old actor described music as his "first desire" and expressed his honor in signing with Decca Classics. The album's first single, "Bracken Road," inspired by his childhood in Wales, has already been released. The music is performed by the Philharmonia Orchestra under the baton of conductor Gustavo Dudamel. Hopkins, who began playing the piano at age four, has composed music throughout his life, drawing inspiration from his Welsh upbringing and family.
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BBCA High Court judge has ruled that vehicles from numerous major car manufacturers do not contain prohibited "defeat devices" that would allow them to cheat on emissions tests. The ruling, which involved 20 sample vehicles from Mercedes-Benz, Renault, Nissan, Ford, and Peugeot and Citroen, found that most strategies did not constitute such devices, with exceptions for one in Mercedes cars and another in some Peugeot-Citroen vehicles. While Mercedes welcomed the ruling, they disagreed with the finding that one of their vehicles was non-compliant before a software update. The case involved claims from approximately 1.6 million motorists regarding alleged misleading emissions tests.
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BBCThe upcoming July inflation report, due on July 14, has the potential to impact mortgage interest rates. If inflation continues to rise, it could increase the likelihood of a Federal Reserve rate hike, leading lenders to raise their offers. Conversely, a moderate improvement in the inflation rate might cause mortgage rates to decline or remain steady. Borrowers are advised to shop around for rates and lenders, as interpretations of the report can vary. While rates are currently higher than at the start of the year, diligent monitoring of the market could reveal opportunities for favorable rates.
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CBS NewsDelta Airlines reported strong travel demand and record-high revenue in its latest quarterly results, indicating that elevated airfares are likely to persist despite a recent decrease in oil prices. CEO Ed Bastian stated that the airline has successfully passed on 60% of its increased fuel costs to consumers and plans to pass on the remainder. Bastian highlighted Delta's significant profit margin and the strong financial health of its premium customer base, who are prioritizing travel experiences. Despite fare increases, Bastian considers airfares a "tremendous bargain" in the current inflationary environment.
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The GuardianAmerican Christmas tree growers have become surprisingly vocal participants in U.S.-China trade discussions, urging officials not to lower tariffs on Chinese-made artificial trees. The National Christmas Tree Association president emphasized that reducing tariffs would re-expose domestic farms to unfair, below-cost import pricing that has harmed their market for two decades. Dozens of growers submitted public comments to the Office of the U.S. Trade Representative, advocating for the continued classification of artificial Christmas trees as "non-sensitive" products to protect their industry.
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South China Morning PostAn outbreak of Legionnaires' disease has affected 46 people in New York City, with officials linking the cases to contaminated water cooling towers. Residents in the affected Upper East Side neighborhood have expressed concern, with some taking precautionary measures like wearing masks. Health officials have initiated an "aggressive" plan to test all water coolers in the area and are requiring buildings to clean and disinfect their cooling towers after a single positive test result. While the city has identified the cases early, some community leaders are questioning the pace of the response and urging further proactive measures.
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BBCA wildfire in southern Spain has resulted in at least 12 fatalities and eight injuries, with 23 people unaccounted for. Authorities reported that the majority of the victims were foreign nationals, with at least four believed to be British due to the presence of a right-hand drive vehicle. The cause of the blaze is under investigation, but it occurred amidst severe heat waves across Europe. Regional officials noted that some victims may have perished while attempting to evacuate independently, getting trapped in a dry riverbed. Emergency responders are working to contain the fire, which has consumed nearly 7,800 acres.
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CBS NewsPresident Donald Trump has indicated support for Ukraine to produce Patriot air defense missiles on its own soil, a crucial capability for defending against Russian attacks. This move follows a NATO summit where a significant military aid package for Ukraine was agreed upon. Trump also expressed interest in purchasing Ukrainian drones, marking a shift in his previous stance. Military experts note that while politically significant, the actual production of Patriot missiles will take years, requiring finalized government agreements and subsequent negotiations with U.S. defense contractors. Concerns remain about potential hidden conditions attached to the agreement.
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Deutsche WelleSmithsonian Secretary Lonnie Bunch has contested a recent White House report that accused the National Museum of American History of presenting a "radical view" of American history and engaging in "extreme political activism." In a letter to staff, Bunch stated that while improvements are always possible, the report is not a fair characterization of the museum's work. He emphasized the Smithsonian's commitment to scholarship, accuracy, and telling the "fullness of America's story." The White House report, however, accused the museum of adopting an "ideological framework" that divides citizens and engages in "anti-White activism" and "illegal alien activism."
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Cryptocurrency exchange Kraken is set to relaunch its app with a focus on agentic trading, a development that leverages artificial intelligence to autonomously execute trades and manage portfolios based on user-defined goals. This move signifies a broader industry shift towards AI-native financial products, aiming to provide everyday users with sophisticated trading capabilities previously exclusive to professionals. Kraken's AI agents will continuously monitor markets, identify opportunities, and execute trades with user confirmation. The platform also plans to offer AI-curated insights and personalized recommendations, aiming to enhance user engagement and accessibility in financial markets.
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CNBCManchester City has secured the signing of England international defender Niamh Charles from Women's Super League rivals Chelsea for £500,000. Charles joins on a three-year deal after six successful seasons with Chelsea, where she made 173 appearances and won numerous titles. The left-back expressed excitement about joining City's successful team and contributing to their future endeavors. Her departure from Chelsea coincides with the arrival of Katie McCabe, and Charles is expected to provide valuable experience for City as they aim for further success in domestic and European competitions.
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BBCThe Federal Reserve's new task forces, particularly the one focused on artificial intelligence, feature members who share Chairman Kevin Warsh's optimistic outlook on AI's transformative potential for economic growth and productivity. Task force leaders like venture capitalist Marc Andreessen and economist Charles I. Jones have publicly expressed strong positive views on AI's impact. While some Federal Open Market Committee (FOMC) members acknowledge potential productivity gains, considerable uncertainty remains regarding the timing and magnitude of these effects. The Fed is also monitoring potential inflationary pressures stemming from the AI boom, particularly in electricity and semiconductor prices.
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CNBCMichigan health officials report that the state's cyclosporiasis outbreak has now reached over 1,500 cases, with 44 individuals hospitalized. The gastrointestinal illness, caused by the parasite Cyclospora cayetanensis, typically presents with frequent watery diarrhea, loss of appetite, and fatigue. The outbreak, which began in late June, has affected numerous counties, with Southeast Michigan experiencing the highest concentration of cases. Health officials are still investigating the specific source of the outbreak, but previous U.S. outbreaks have been linked to contaminated produce. Restaurants and commercial kitchens are advised to take extra precautions with fresh produce.
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CBS NewsPresident Donald Trump has stated that the United States has agreed to continue negotiations with Iran, following a request from the Islamic Republic. However, Trump also reiterated that the previously established "ceasefire is OVER," indicating a hardening of the U.S. stance on de-escalation. Qatari mediators reportedly traveled to Iran to facilitate these discussions and encourage a reduction in tensions between the two nations. This development comes amid a period of heightened tensions and retaliatory strikes, with the U.S. emphasizing its commitment to preventing Iran from acquiring nuclear weapons. The status of the ceasefire and the effectiveness of ongoing talks remain critical points of focus.
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Ambiguities within the U.S.-Iran memorandum of understanding have escalated tensions over the Strait of Hormuz, with Iran seeking to control shipping lanes and the U.S. asserting its right to ensure safe passage. Iran's recent attacks on tankers in the strait are seen as an attempt to destabilize a U.S.-supported southern corridor, pushing both nations closer to renewed conflict. Analysts suggest Iran's leverage over the strait is diminishing due to U.S. military support for alternative routes. The U.S. has reinstated oil sanctions, viewing Iran's actions as a breach of the agreement, while Iran blames the U.S. for consequences arising from commitment breaches.
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CNBCBritish wildcard Arthur Fery's remarkable Wimbledon journey concluded in the semi-finals, where he was defeated by second seed Alexander Zverev. Fery, ranked world number 114 entering the tournament, defied expectations to reach this stage, captivating the home crowd with his fighting spirit. Zverev's victory marks his first Wimbledon final, and he will face either Jannik Sinner or Novak Djokovic. Fery, who will become the new British number one, can depart with pride after an exceptional performance that far surpassed pre-tournament predictions.
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BBCWhen settling an estate, creditors generally have the right to claim assets that pass through probate, such as real estate owned solely by the deceased, and bank or investment accounts without designated beneficiaries. Personal property and business interests can also be subject to creditor claims if not otherwise protected. Assets like life insurance proceeds, retirement accounts with beneficiaries, and jointly owned property typically bypass probate and are therefore shielded from estate creditors. Understanding how assets are titled and whether they are subject to probate is crucial for heirs to determine what remains after debts are settled.
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CBS NewsAn eight-year investigation into Alibaba and its payment processor reportedly found evidence that they knowingly allowed dangerous drugs and other prohibited items to be sold to U.S. consumers, even after internal warnings. Prosecutors allegedly believed they had sufficient evidence for felony violations of the Food, Drug and Cosmetic Act. However, the Justice Department ultimately resolved the case with a $600 million penalty and a non-prosecution agreement, where the companies admitted only to lesser misdemeanor violations. This resolution has drawn criticism from those familiar with the case, who view it as a lenient outcome given the evidence of significant risk to public health and safety.
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CBS NewsStablecoin issuer Circle has received approval from the U.S. Office of the Comptroller of the Currency (OCC) to operate as a trust bank, a move that saw its shares surge. This approval allows Circle to directly manage reserves for its regulated stablecoins, such as USDC, which has over $73 billion in circulation. Previously, Circle relied on third-party banks for this function. The new charter provides Circle with a national regulator, streamlining its operations compared to state-based regulations. This development aligns with a broader industry trend of crypto companies seeking to establish themselves as financial infrastructure providers.
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CNBCUkraine's Sports Minister, Matviy Bidnyi, has expressed "profound outrage" over the International Olympic Committee's (IOC) decision to lift restrictions on Russian athletes, calling it unfair and disrespectful to Ukrainian athletes killed during the conflict. Bidnyi urged IOC President Kirsty Coventry to visit Ukraine to witness firsthand the impact of the war on its people and sports infrastructure. He believes the IOC's decision, based on the Russian Olympic Committee no longer including regional organizations from Ukrainian territories, is a "legal trick" that ignores reality and undermines the committee's credibility. Ukraine vows to fight the decision, viewing Russia's participation as a "moral failure for the entire sports world."
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Deutsche WelleThe Pentagon has released a new collection of 40 files related to unidentified anomalous phenomena (UAP), including reports, videos, audio, and images from various agencies. One notable account comes from a military aviator who described an object seen in 2019 as "unlike anything I had seen" in 28 years of service. Other files detail encounters over the Pacific, Atlantic, and Middle East, with infrared footage capturing unexplained objects. Historical records also include a 1949 conference where scientists struggled to explain "green fireballs" observed over a nuclear facility.
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CBS NewsAbdul El-Sayed, a progressive candidate in the Michigan Democratic Senate primary, is focusing on fears surrounding artificial intelligence and data centers, believing these issues could be pivotal in the race. He criticizes the slow attention from Washington to these emerging technologies and proposes strict guardrails for data center development, including job guarantees and environmental protections. El-Sayed also advocates for public ownership of AI and a new tax on AI automation, arguing for democratic oversight of technology with "world-changing potential." His opponent, Rep. Haley Stevens, has taken a more moderate stance, emphasizing innovation while acknowledging the need for fair contributions from data centers.
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CNBCCBS News reporter Leigh Kiniry attempted to follow the reported 6,000-calorie daily diet of soccer star Erling Haaland for 24 hours, finding the experience incredibly demanding. The diet included a substantial breakfast of scrambled eggs, toast, yogurt, berries, and raw milk, followed by a foot-long Italian deli sandwich named after Haaland. The evening meal consisted of a 2.6-pound porterhouse steak with bone marrow. Kiniry ultimately admitted defeat, highlighting the extraordinary physical demands on elite athletes and the difficulty of sustaining such a high-calorie intake without their level of daily activity.
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CBS News