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Business

Markets, economy, labor, housing, trade

The Hill

Shipping Traffic in Strait of Hormuz Increases Following U.S.-Iran Strikes

Shipping traffic in the Strait of Hormuz rose on Monday, with 40 vessels transiting the area following weekend strikes between the U.S. and Iran. The number of ships that passed through the strait was 24 on Sunday and 39 on Saturday, as reported by maritime tracking firm Kpler.

Bias: 4 Sentiment: +0.00
The Verge

Microsoft Plans Layoffs and Studio Closures in Xbox Division

Microsoft is preparing to announce layoffs in its Xbox division, which may lead to studio closures and canceled projects. Sources indicate that the company is considering shutting down at least five studios, including those working on 'Marvel's Blade.'

Bias: 14 Sentiment: -0.20
apnews.com

Supreme Court Upholds Birthright Citizenship, Rejects Trump's Executive Order

The Supreme Court has upheld the principle of birthright citizenship, rejecting an executive order from Donald Trump that sought to limit citizenship for children born to undocumented parents. The ruling referenced historical cases and emphasized the importance of the 14th Amendment. The court will also hear appeals regarding semiautomatic rifle bans in the fall.

Bias: 4 Sentiment: +0.00
Daily Wire

Miles Guo Sentenced to 30 Years for Fraud

Miles Guo, a Chinese businessman, has been sentenced to 30 years in prison for defrauding investors of over $1 billion through various fraudulent schemes. U.S. District Judge Analisa Torres highlighted the significant harm caused to victims seeking to promote democracy in China. Guo's assets will be liquidated to reimburse those affected by his actions.

Bias: 4 Sentiment: -1.00
The Daily Beast

Tom Kean Jr. Returns to Congress After Three-Month Absence Due to Depression Treatment

Tom Kean Jr., a Republican Congressman, returned to Congress on June 30, 2026, after a three-month absence due to treatment for depression. He explained that his hospitalization was necessary for his recovery and acknowledged the challenges faced by many Americans dealing with the condition. Kean continued to receive his salary and was able to trade stocks during his absence.

Bias: 4 Sentiment: +0.10
Washington Examiner

American Airlines Apologizes to Lawmaker After Flight Delays Affect Congressional Votes

American Airlines apologized to Representative Max Miller after flight delays led to three lawmakers missing votes in Congress, including the Kids Internet and Digital Safety Act. The airline reported that 727 flights were delayed on the same day, representing 19% of its operations, as it prepares for a busy summer travel season.

Bias: 30 Sentiment: +0.00
Washington Examiner

UK Government Considers Intervention in Paramount-Warner Bros. Merger

The UK government is contemplating intervention in the Paramount-Warner Bros. Discovery merger due to concerns about media plurality. Culture Minister Lisa Nandy indicated her intention to take legal action, while Paramount remains confident that the merger will proceed. The U.S. Department of Justice has already approved the merger, stating it will not harm competition.

Bias: 4 Sentiment: +0.00
New York Times — Tech

Bending Spoons to Go Public with Valuation of $19 Billion

Bending Spoons, an Italian firm that has acquired several well-known internet brands, is planning to go public this week. The company is projected to be valued at around $19 billion.

Bias: 4 Sentiment: +0.00
Axios

Google Reports Increased Energy Use and Emissions Amid AI Expansion

Google's environmental report for 2025 indicates significant increases in electricity use, greenhouse gas emissions, and water consumption due to the expansion of its AI infrastructure. The company is facing challenges in aligning its climate goals with the demands of AI technology, despite efforts to secure clean energy agreements.

Bias: 30 Sentiment: +0.00
Washington Post — Business

NPR retracts report on Justice Alito's retirement from Supreme Court

NPR has retracted a story that incorrectly reported Justice Samuel Alito's retirement from the Supreme Court. The Supreme Court confirmed that no announcement regarding his retirement was made as the justices released important end-of-term rulings.

Bias: 4 Sentiment: +0.00
Fox News — Latest

Poll Shows Talarico and Paxton Tied in Texas Senate Race

A New York Times/Siena poll shows Democratic nominee James Talarico and Republican nominee Ken Paxton tied at 47% support among likely voters in Texas. The poll highlights challenges for Paxton, including low perceptions of his character and a significant gender gap in voter support. Talarico has raised substantial campaign funds and is focusing on economic issues as a key part of his strategy.

Bias: 36 Sentiment: +0.00
Washington Examiner

San Marcos Becomes First Texas City to Ban Data Centers Amid State Challenge

San Marcos, Texas, has enacted a ban on data centers, becoming the first city in the state to do so. The decision has prompted a challenge from State Senator Paul Bettencourt, who argues that the ban contradicts state law. The situation highlights ongoing debates within Texas regarding local control over data center development.

Bias: 4 Sentiment: +0.00
Washington Examiner

FCC Proposes Ban on Chinese-Made Solar and Battery Inverters

The FCC is working on a rule to ban the import of Chinese-made solar and battery inverters due to concerns over risks to the U.S. power grid. The proposed ban follows previous considerations by the Trump administration and is influenced by similar actions taken by the European Commission. In 2024, approximately 24% of inverters imported into the U.S. were sourced from China.

Bias: 4 Sentiment: +0.00
Fox News — Politics

Rep. Tom Kean Jr. Reveals Medical Condition After Four-Month Absence from Congress

Rep. Tom Kean Jr. of New Jersey revealed that he was diagnosed with depression, which led to his nearly four-month absence from Congress. He missed 140 roll call votes during this time and has since returned to work, expressing gratitude for the support he received during his recovery. Kean is now preparing for a competitive re-election campaign against Democrat Rebecca Bennett.

Bias: 4 Sentiment: +0.20
Washington Examiner

Rep. Tom Kean Jr. Returns to Congress After Absence Due to Depression

Rep. Tom Kean Jr. returned to Congress after a four-month absence due to depression, during which he missed over 100 votes. In his speech, he discussed the complexities of the illness and acknowledged the challenges of his recovery. Kean is seeking reelection in New Jersey’s 7th District amid concerns about his absence impacting his campaign.

Bias: 14 Sentiment: +0.20