Business
Most of Wall Street rises, but AI stocks send it lower for the week Nvidia's AI chip sales in China stall, as local chipmakers like Huawei take lead China imposes export controls on 40 Japanese entities WhatsApp will allow users to go by usernames instead of phone numbers South Korean tech giants to build a $518 billion chipmaking hub
Today in History: June 29, Apple releases the first iPhone to consumers
Australia to double potential fines for Facebook and Instagram over child social media accounts
Apple increases prices for Macs and iPads, blaming a shortage of memory chips
Saks officially emerges from Chapter 11 bankruptcy with less debt and a new name
Ukraine sets Russian oil refinery ablaze, as Putin admits fuel shortages
KYIV, Ukraine (AP) – Ukraine kept up its heavy drone assault on Russia, setting fire to a major oil refinery in the south, as President Vladimir Putin acknowledged for the first time on Sunday that the country was facing a “certain deficit” of fuel and vowed to strengthen protection of oil facilities and boost fuel output.
The US lags other countries in social media restrictions for kids

Amy Neville describes Kristin Bride as her “soulmate.” But the day that forged their bond – June 23, 2020 – was the worst of each of their lives. Both Bride and Neville lost their teen sons that day. Their kids lived a thousand miles apart and never met, but they both died from harms related to their social media use.

14 dead after an oil company helicopter crashed in Saudi Arabia

DUBAI, United Arab Emirates (AP) – All 14 people on board were killed in Saudi Arabia when a helicopter belonging to the world’s largest oil company crashed on Sunday morning, according to the Saudi Ministry of Energy.

Trump threatens 100% tax on Europe if countries impose tax on digital services

WASHINGTON (AP) – President Donald Trump on Friday threatened a 100% tax on imports from any country that imposes a tax on digital services from United States companies.

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

Excerpts from recent editorials in the United States and abroad:

Newsom urges a national 'billionaires' tax' while fighting one in California

California Gov. Gavin Newsom, a Democrat who is considering a run for president as he approaches the end of his term, called for a national “billionaires’ tax” on Friday even as he fights another proposal targeting the wealthy in his home state.

Australia plans to strengthen laws banning children from social media

MELBOURNE, Australia (AP) – The Australian government plans to strengthen laws that ban children younger than 16 from social media platforms. Observers said on Friday the government was responding to evidence that the ban on young children holding accounts on platforms including Facebook, Instagram and YouTube had failed.

Billionaire Leon Black defends $158M paid to Epstein: 'I knew Jekyll. I didn't know Hyde'

WASHINGTON (AP) – Billionaire investor Leon Black said Friday that Jeffrey Epstein deceived him during a yearslong relationship in which he paid the disgraced financier $158 million, but insisted he committed no criminal wrongdoing as he appeared before the House Oversight Committee.

Key inflation gauge jumps to 3-year high in latest sign of affordability challenges

WASHINGTON (AP) – The Federal Reserve’s preferred inflation gauge rose to a new three-year high in May as gas prices peaked, a sign rising costs could pose political problems for President Donald Trump and his political party as midterm elections near.

US economy expanded at solid 2.1% pace January-March

WASHINGTON (AP) – The U.S. economy expanded at a solid and unexpected 2.1% annual pace from January through March, the Commerce Department reported Thursday in its final estimate of first-quarter growth.

AI is plowing through the workplace. This new group wants to help people adapt.
Tech entrepreneurs seeking the next AI frontier are pivoting from chatbots to 'world models'
Snap sued over rape of minor who connected to adult attacker on Snapchat