Author: cyrus
Amazon and Microsoft Layoffs 2025: AI Boom Triggers Job Cuts Across Tech Giants
Key Points Amazon’s Job Cuts On June 17, 2025, Amazon CEO Andy Jassy announced that AI will reduce the company’s corporate workforce over the next [more…]
FOMC Projections June 2025: 3 Key Data Points Defining Fed’s Economic Risk Outlook
Key Points The Fed’s Economic Risk The Federal Reserve’s recent projections indicate a growing concern over stagflation, a scenario where economic growth slows, unemployment rises, [more…]
Google Likely to Lose EU Appeal Over Record $4.7 Billion Antitrust Fine
Key Points Background The fine, originally set at $4.7 billion (4.1 billion euros) in 2018, was reduced to $4.13 billion (4.125 billion euros) in 2022 [more…]
AI Avatars Outsell Human Hosts in China’s 6-Hour Livestream: Baidu Event Sparks Viral Debate
Key Points Event Overview In a recent livestream on Baidu’s e-commerce platform, two AI avatars, powered by Baidu’s ERNIE model, generated over $7 million in [more…]
SpaceX Starship Explodes on Launch Pad During Test Flight, Major Setback for Musk’s Mars Mission
Key Points Incident OverviewOn June 18, 2025, SpaceX’s Starship Ship 36 experienced a major anomaly, resulting in an explosion during a routine test at the [more…]
Swiss Central Bank Cuts Rates to Zero Amid Safe-Haven Surge—Negative Rates Still on Table
Key Points Background Switzerland’s central bank, the SNB, has been adjusting its monetary policy to manage economic conditions. The recent rate cut to zero is [more…]
Israel-Iran Conflict Drives Surge in Middle East Shipping Insurance Costs
Key Points Recent IncreasesRecent reports indicate that marine insurers are now charging 0.2% of a ship’s value for journeys into the Gulf, up from 0.125% [more…]
Federal Reserve June 18 FOMC Statement and Dot Plot Reveal Economic Slowdown Projections
Key Points Recent Fed StatementOn June 18, 2025, the Federal Reserve held interest rates steady but revised its economic outlook, forecasting slower growth and higher [more…]
European Stocks Slide to One-Month Low as Israel–Iran Conflict Escalates; Oil Prices Rise on Supply Fears
Key Points Market PerformanceOn June 19, 2025, European stocks closed lower, influenced by the escalating Israel-Iran conflict. The DAX fell 1.12% to 23,057.38, the FTSE [more…]
Israel Denies Regime Change Goal in Iran as Leaders Call for Global Action Against Tehran’s Nuclear Program
Key Points Background Israeli President Isaac Herzog recently addressed Israel’s stance on Iran, emphasizing the focus on dismantling Iran’s nuclear capabilities rather than pursuing regime [more…]