economy

Federal Reserve Chairman Kevin Warsh Maintains Interest Rates While Signaling Potential Future Hikes

06/17/2026, 02:35 PM economy review finance

The Federal Reserve, under Chairman Kevin Warsh, maintained interest rates but signaled potential future hikes, causing market volatility. Warsh's hawkish stance on inflation and plans for reform indicate a shift in monetary policy direction that investors should closely monitor.

Jim Cramer Highlights Intel as Top Investment Choice in Monthly Portfolio Review

06/17/2026, 12:35 PM economy review tech software SpaceX Intel

The CNBC Investing Club's June Monthly Meeting highlighted Jim Cramer's top stock pick, Intel, and provided insights into the performance and outlook of 35 portfolio stocks, emphasizing the evolving landscape of major tech companies in the AI era.

Amazon Aims to Compete with OpenAI and Anthropic in AI Models Over the Coming Year

06/17/2026, 11:36 AM economy growth ai Amazon

Amazon's AI chief, Peter DeSantis, expressed optimism about the company's ability to compete with leading AI firms OpenAI and Anthropic within the next year, highlighting their ongoing efforts in AI model development and semiconductor strategy.

CEOs of Anthropic and Google DeepMind Advocate for U.S.-Led AI Coalition at G7 Meeting

06/17/2026, 10:37 AM economy announcement ai

At a recent G7 summit, leaders from Anthropic and Google DeepMind advocated for a U.S.-led coalition to establish international standards and regulations for artificial intelligence, highlighting the need for cooperation to mitigate risks associated with advanced AI technologies.

Amazon AI Executive Peter DeSantis Predicts Availability of 'Commercially Useful' Quantum Computers in 5-7 Years

06/17/2026, 09:36 AM economy forecast ai Amazon

Amazon's AI executive, Peter DeSantis, forecasts that the first commercially useful quantum computers will be available within the next five to seven years, marking a significant milestone in the technology's development and potential applications.

Allbirds Rebrands to Smartbird and Appoints Nadia Carlsten as CEO, Resulting in 34% Stock Surge

06/17/2026, 08:37 AM economy announcement ai

Allbirds has rebranded to Smartbird and appointed Nadia Carlsten as CEO, reflecting its strategic shift from footwear to artificial intelligence infrastructure, which has significantly boosted its stock price.

Federal Reserve Expected to Hold Interest Rates Steady as Trump Addresses G7 Summit

06/17/2026, 06:36 AM economy forecast finance Rivian Carvana Snap

Investors should be aware of the Federal Reserve's upcoming policy decision, President Trump's comments at the G7 summit, and significant developments in the automotive and tech sectors, as these factors could influence market movements today.

Anthropic Faces Export Control Directive Amid Calls for AI Regulation

06/17/2026, 06:36 AM economy announcement ai

Anthropic, an AI company valued near $1 trillion, faces a significant setback as the Trump administration orders a suspension of its latest AI models due to national security concerns, highlighting the complexities of regulatory oversight in the rapidly evolving AI sector.

SpaceX Surpasses Amazon in Market Cap, Shares Rise 4% Amid Investor Optimism

06/17/2026, 01:36 AM economy stock_growth aero_defense SpaceX Amazon Microsoft

SpaceX's stock has surged 62% since its IPO, briefly surpassing Amazon and Microsoft in market capitalization, raising questions about its high valuation amid significant losses.

China Advocates for Global AI Cooperation and Safety Following G7 Summit

06/17/2026, 01:36 AM economy announcement ai

China is actively promoting its vision for global artificial intelligence cooperation, contrasting sharply with the U.S. approach of restricting access to its AI technologies. This divergence highlights the growing geopolitical tensions surrounding technology governance.