Federal Reserve keeps rate unchanged, but nearly half would support hike this year

WASHINGTON (AP) – The Federal Reserve kept its key rate unchanged Wednesday yet almost half the central bank’s policymakers said they could support a rate hike later this year, an unexpectedly aggressive outcome that would disappoint President Trump and suggests heightened concerns about persistent inflation.

Japan's exports jump 17% in May, but it logs a deficit as imports surge

TOKYO (AP) – Japan recorded a trade deficit in May, the first in four months, as imports of electrical machinery surged, helping to offset a jump in exports, the Finance Ministry reported Wednesday.

Nvidia's Jensen Huang says society needs 'new social norms' in the age of AI

SHERMAN, Texas (AP) – Nvidia CEO Jensen Huang – whose work helped propel artificial intelligence – stressed in an Associated Press interview Tuesday that society needs to change with the advent of AI, arguing that a fuller embrace of the technology would improve people’s lives.

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

Excerpts from recent editorials in the United States and abroad:

US seeks to dismiss air pollution lawsuit against xAI data center

WASHINGTON (AP) – The Trump administration is helping one of Elon Musk’s companies fight a civil rights lawsuit that alleges it is illegally running dozens of natural gas turbines to power a $20 billion AI data center in Mississippi.

SpaceX buys AI coding startup Cursor for $60 billion for an edge over Anthropic and OpenAI

SpaceX will move forward with its $60 billion acquisition of artificial intelligence startup Cursor as Elon Musk’s space exploration and AI company seeks a competitive edge against rivals Anthropic and OpenAI after its Wall Street debut last week.

Bank of Japan raises its key interest rate to three-decade high

TOKYO (AP) – The Bank of Japan raised its benchmark interest rate to 1% on Tuesday, citing challenges stemming from a weak Japanese yen and higher prices. The central bank’s increase in the uncollateralized overnight rate, by a quarter of a percentage point from 0.75%, puts it at a three-decade high.

Pizza Hut, overtaken by delivery culture, will be sold for $2.7 billion

Pizza Hut, the 68-year-old chain that has long struggled with growing competition and outdated restaurants, will be sold for $2.7 billion by parent company Yum Brands.

Nvidia's Huang pledges AI will boost manufacturing jobs

SHERMAN, Texas (AP) – Jensen Huang’s company Nvidia makes the computer chips that unleashed a revolution in artificial intelligence. Now he’s wagering that an AI buildout can revive U.S. manufacturing, pushing past limits facing science and society.