Business
US stocks sink on worries about hike to interest rates Federal Reserve keeps rate unchanged, but nearly half would support hike this year Japan's exports jump 17% in May, but it logs a deficit as imports surge Nvidia's Jensen Huang says society needs 'new social norms' in the age of AI US seeks to dismiss air pollution lawsuit against xAI data center
SpaceX buys AI coding startup Cursor for $60 billion for an edge over Anthropic and OpenAI
Bank of Japan raises its key interest rate to three-decade high
Pizza Hut, overtaken by delivery culture, will be sold for $2.7 billion
Nvidia's Huang pledges AI will boost manufacturing jobs
McDonald's serving fried apple pie again for America's 250th birthday
McDonald’s is frying up some apple pies to honor America’s 250th birthday. The company said Tuesday it’s bringing back fried apple pies for the first time in more than three decades. They’ll be available at most U.S. restaurants for a limited time starting June 23.
From YouTube to Hollywood: Digital creators are remaking the movie business

NEW YORK (AP) – Some of the most promising young filmmakers in the movie business are arriving in Hollywood already experts at entertaining audiences and going viral.

Iran war is a wake-up call for Southeast Asia's energy sector

BANGKOK (AP) – The Iran war has exposed major risks for Southeast Asia that could cost the region billions of dollars, if it doesn’t diversify sources of energy more quickly, according to an International Energy Agency report released Tuesday.

Solar cold storage helps African farmers cut losses

NAIROBI, Kenya (AP) – Kenyan farmer Yvonne Anyonyi Mumiah walks in the early morning between rows of rosemary, basil and other crops destined for European supermarkets. She once worried that transport delays or extreme heat could spoil much of her harvest, but now relies on a solar-powered cool storage service to keep her produce fresh.

Editorials from The Washington Post, The Wall Street Journal, The Guardian and others

Excerpts from recent editorials in the United States and abroad:

All eyes turn to Fed chair Kevin Warsh and his first moves on interest rates

WASHINGTON (AP) – Ever since Kevin Warsh was nominated by President Trump in late January to lead the Federal Reserve, a question has lingered: Will he seek to raise interest rates to tame inflation or cut them as Trump has long demanded?

Fox to buy streaming pioneer Roku in a $22 billion deal

Fox Corp. has agreed to buy the streaming pioneer Roku in a cash-and-stock deal valued at approximately $22 billion, including debt. Roku will continue to be run as an open, partner-friendly platform, the companies said Monday, and there appears to be no immediate changes that customers will see.

China Shock 2.0: Surging Chinese exports threaten Europe's economy

WASHINGTON (AP) – For eight years, the United States has waged economic war on China, slapping big taxes on Chinese products before they enter America.

It could take weeks or months for oil to fully flow through the Strait of Hormuz

FRANKFURT, Germany (AP) – The tentative agreement to end the war in Iran and reopen the Strait of Hormuz would be good news for the global economy. But even as the price of oil dropped Monday, many questions remained about when and how it would start flowing again through the world’s most vital artery for energy shipments.

Cybersecurity executives urge Trump to ease restrictions on Anthropic AI models

SAN FRANCISCO (AP) – A group of cybersecurity executives and experts is asking the Trump administration to lift its directive preventing the use of Anthropic’s latest artificial intelligence models by foreign nationals, saying the move could help U.S. adversaries more than it hurts them.

Starbucks Korea to close stores early for mandatory history training
Target taps designer Isaac Mizrahi for new role as creative director
Higher prices for gas, groceries and flights will outlast the Iran war