China denies excess industrial capacity as more US tariffs loom

HONG KONG (AP) – China pushed back Tuesday against claims of overcapacity in the world’s second largest economy, ahead of the release of results of a U.S. probe on the matter that could result in new tariffs.

Elon Musk launches invite-only X Money with a Visa debit card

NEW YORK (AP) – Elon Musk’s social media company X, formerly known as Twitter, launched its own bank account-like product where users can send money to one another.

Russia accuses Telegram CEO Pavel Durov of aiding terrorism

Russian authorities said Wednesday they had charged Pavel Durov, the founder and CEO of the popular messaging app Telegram, with aiding terrorism, the latest step by the Kremlin to bring the internet and digital communications under its control.

Editorials from The New York Times, The Washington Post, The Wall Street Journal and others

Editorials from The New York Times, The Washington Post, The Wall Street Journal and others

Confidence in US economy falls as Iran conflict sends gas prices higher

WASHINGTON (AP) – Americans’ confidence in the economy fell this month as gas prices resumed their climb after the U.S. and Iran stepped up their fighting. The Conference Board said Tuesday that its consumer confidence index fell to 90.8 in July from 92.2 in June. That’s essentially the same tepid range its been in since the beginning of the year. I

Johnson & Johnson proposes $5.5 billion talc settlement

Johnson & Johnson has agreed to pay $5.5 billion to tie up remaining lawsuits that claim its talc products caused ovarian cancer.

eBay agreed to pay nearly $50M to couple sent cockroaches, bloody pig mask

BOSTON (AP) – eBay Inc. agreed to pay almost $50 million to a Massachusetts couple who said former employees of the company targeted them with threats and bizarre anonymous deliveries – including live insects, a funeral wreath and a bloody pig Halloween mask, according to settlement details released Tuesday.

Workplaces look for cheaper AI as 'tokenmaxxing' fades as a corporate fad

A corporate fad of “tokenmaxxing” on artificial intelligence technology is hitting its limits as workplaces throwing AI at everything are seeing the costs rise without a similar spike in productivity.

Will tough talk be enough? Fed Chair faces pressure to combat inflation

WASHINGTON (AP) – The Federal Reserve is expected to keep its key interest rate unchanged when it meets Tuesday and Wednesday, but chair Kevin Warsh is under increasing pressure to hike rates soon, a move that could provoke ire from President Donald Trump, who appointed him.