United States · Business
Same event, multiple sources, transparently cited.
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US Launches Trump Accounts with $1,000 Seed Investment for Children Born 2025-28
The Trump Accounts program launched July 4, offering eligible US children a $1,000 government contribution and investment options under new federal rules.
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US Service Sector Growth Slows in June; Employment Rebounds After Three Months
US service sector PMI dropped to 54.0 in June while employment rebounded to 51.2 following three months of decline.
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Bentley to launch first electric SUV, the Torcal, in September 2026
Bentley will officially reveal the Torcal, its first fully electric SUV, in London on September 23, 2026.
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Vietnam escalates crackdown on counterfeit luxury goods amid US pressure
Vietnam intensified enforcement against counterfeit luxury products after US named it a priority for IP violations.
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SK Hynix plans $29 billion US ADR listing with fees, settlement on July 14, 2026
SK Hynix will list a $29 billion US ADR on Nasdaq with settlement on July 14 and is discussing underwriting fees amid market volatility.
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Tesla launches six-seat Model Y Long Wheelbase for US and Puerto Rico orders
Tesla opened orders for the Model Y Long Wheelbase, a six-seat SUV version, in the US and Puerto Rico with deliveries due in fall 2026.
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BYD set to overtake Tesla again as top global pure electric vehicle seller in Q2 2026
BYD delivered 557,090 pure electric vehicles in Q2 2026, exceeding Tesla's expected 396,500 sales for the period.
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Michael Burry expands bearish bets on AI and semiconductor stocks including Tesla and SOXX
Investor Michael Burry increased short positions on AI-driven and semiconductor firms, citing peak industry optimism and a downtrend in valuations.
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Visa, Mastercard, Coinbase Join 140+ Firms to Launch US Dollar Stablecoin Open USD
A consortium of over 140 companies launched Open USD, a new dollar-pegged stablecoin for enterprise and global payments.
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FTC fines Amazon $2.25 million for failing to help identity theft victims promptly
The US Federal Trade Commission fined Amazon $2.25 million for violating rules on providing records to identity theft victims.
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Trump Administration Expands Federal Student Loan Limits and Introduces New Repayment Plans
Starting July 1, 2026, new federal student loan rules raise borrowing caps and create repayment options under the Trump administration’s One Big Beautiful Bill Act.
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US tech and finance sectors saw accelerated job losses linked to AI in 2026
US financial and information sectors lost an average 28,000 jobs monthly in early 2026 amid AI adoption, with over 102,000 cuts citing AI nationwide.
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Biden-era Save student loan repayment plan ends July 1, forcing 7M borrowers to switch
The Save Plan ends July 1, 2026, requiring over 7 million US borrowers to choose new repayment plans within 90 days of notification.
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FAA orders crack inspections on 471 US Boeing 737 Max aircraft starting September 10
The US FAA mandated inspections of 471 Boeing 737 Max planes for potential fuselage cracks, requiring checks to begin September 10, 2026.
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Meta Ordered to Pay $567 Million to New Mexico for Child Harm and Public Nuisance
A New Mexico judge ordered Meta to pay $567 million for child harm and public nuisance linked to its social media platforms.
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US Labor Market Stable with Low Layoffs and Slight Rise in Jobless Claims
Initial US jobless claims edged up slightly while planned layoffs dropped to a two-year low in July, showing labor market resilience amid uncertainty.
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Disney CEO Confirms Exploration of Free Ad-Supported Streaming Tier
Disney CEO Josh D'Amaro confirmed the company is exploring a free ad-supported streaming product to grow reach and ad revenue.
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Ukraine faces critical shortage of interceptor missiles amid intensified Russian missile attacks
Russia launched 24 ballistic missiles and over 100 drones on Kyiv on August 5-6; Ukraine intercepted none of the missiles amid a severe missile shortage.
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Disney reports $5.56B Q3 operating income, driven by streaming and theme parks
Walt Disney Co reported fiscal Q3 operating income of $5.56 billion and strong theme park gains despite mixed box office results.
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Reserve Bank of India keeps policy rate steady at 5.25% amid inflation and growth concerns
The Reserve Bank of India held its policy repo rate at 5.25% on August 5, maintaining a neutral stance as inflation rose and growth showed signs of slowing.
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OpenAI to pay $3.2 million to settle US hiring discrimination claims
OpenAI and its subsidiary Statsig agreed to pay $3.2 million to settle DOJ allegations of discrimination against US workers in hiring.
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US Federal Reserve Officials Push for Higher Rates to Tackle Persistently High Inflation
Federal Reserve officials urged tighter monetary policy this week to reduce inflation above the 2% target amid mixed signals on economic outlook.
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AMD Q2 2026 revenue jumps 50% on doubling of data center sales, gaming revenue drops
AMD reported $11.5 billion in Q2 2026 revenue, up 50% year-on-year, fueled by doubled data center sales while gaming revenue declined 31%.
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Paramount Skydance raises profit outlook on streaming growth amid Warner Bros merger lawsuit
Paramount Skydance reported a 27% rise in adjusted EBITDA for Q2 2026 and raised full-year profit guidance, despite ongoing merger legal challenges.