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Kevin Warsh will take to the podium to deliver his first remarks as Federal Reserve chair on Wednesday.Investors are nearly unanimously expecting the Fed to hold rates steady, shifting the focus to other signals coming out of the meeting of what’s next for the US central bank.Warsh succeeded Jerome Powell, who is now a Fed governor. He was initially seen as more dovish than his predecessor, since Trump nominated him, but there are some hawkish expectations heading into Wednesday. The press conference marks the new Fed chair’s chance to set expectations under his leadership.Beyond the rate decision itself, here are…

Last June, fashion models for the fashion retailer Rainbow received a warning: AI was ramping up, and the number of workers needed would be ramping down.”You may have already seen some changes taking place both within the studio and on the site,” wrote Rainbow’s studio manager, Phil Caraway. The company had started “styling certain products, and generating avatars, with the assistance of A.I,” he explained, and while he couldn’t say for certain whether any freelancers would lose their jobs, he wanted them to “plan accordingly.””Fewer people will be needed in the long term,” Caraway wrote in the previously unreported email.…

Members of the National TPS Alliance rally at the Supreme Court in Washington, D.C., on April 29. The Supreme Court is examining the revocation of Temporary Protected Status for Haitian and Syrian migrants. Alex Wroblewski/AFP via Getty Images hide caption toggle caption Alex Wroblewski/AFP via Getty Images Lawyers for Haitian immigrants filed a motion on Tuesday asking the Supreme Court to toss out the Trump administration’s attempt to remove more than 330,000 Haitians from the U.S. The administration has repeatedly tried to deport Haitians who are living in the U.S. legally under Temporary Protected Status, or TPS. TPS was enacted…

The Fox Corporation headquarters are seen on June 15, 2026 in New York City. Michael M. Santiago | Getty ImagesThe media industry has long been preparing for consolidation and mega deals. And yet Fox Corp.’s acquisition of Roku seems to have taken the market by surprise. On Monday, Fox said it would acquire Roku for $22 billion, bringing a streaming tech platform – in addition to a second free, ad-supported streaming service – into its portfolio of linear TV networks and Tubi. While analysts lauded the deal as a strategic pivot for the legacy media company, Fox shareholders received the news differently.…

Elon Musk has achieved an initial win in his dispute with Germany’s public broadcaster ZDF: The network said it would remove language about Musk’s alleged role in the unrest in Northern Ireland from a program that aired last week.That Musk is a controversial figure for German media is probably nothing new to the tech entrepreneur. But now he appears to have had enough of ZDF. On Monday evening, he announced on X that he would take “legal action” against the public broadcaster over what he called its “outrageous lies.”The trigger was the introduction to the June 12 edition of the…

Robinhood has a message for workers losing their jobs: The company isn’t struggling. You are.That’s the crux of Tuesday’s layoff memo from the CEO of the trading platform. It’s the latest example of a high-profile company trimming head count while simultaneously saying it’s doing well.”Robinhood’s business has never been stronger,” wrote Vlad Tenev while announcing plans to reduce 10% of the company’s workforce. Robinhood had 2,900 full-time employees at the end of 2025, according to a February securities filing.Tenev didn’t explicitly call the “Robinhoodies” being let go low performers, as Meta CEO Mark Zuckerberg did of staff booted from his…

Pizza Hut is getting a new owner after years of weak sales and growing questions about the future of one of America’s best-known pizza brands.Yum! Brands said Tuesday it entered into agreements to sell Pizza Hut for $2.7 billion, splitting the business between two buyers. LongRange Capital, a private equity firm, will acquire Pizza Hut outside mainland China for about $1.5 billion, while Yum China Holdings will buy the chain’s mainland China business for about $1.2 billion.The sale follows Yum’s strategic review of Pizza Hut, which began last year after the chain posted its eighth consecutive quarter of same-store sales…

When aerospace and defense companies scout sites for their next facility, the usual names tend to come up: Wichita, Fort Worth, and Seattle. But as these companies face mounting pressure to shorten supply chains, secure skilled workers, and break ground faster, many are widening their search. At the top of that list: Iowa.The state exports nearly $1 billion in aviation parts and electronics to more than 125 countries, and has built a network of manufacturers, suppliers, engineering talent, and aviation businesses that support a thriving aerospace ecosystem. Iowa also ranks third in the nation for concentration of mechanical engineers, third…

Amid international conflicts and domestic tensions, some may feel that the US is not the safest place to live right now.While safety can be a subjective measure, that assessment is not entirely off base: The US is ranked the 134th most peaceful country in the world — falling behind nations like Venezuela, Lebanon, and India — in the 2026 Global Peace Index (GPI).A Gallup poll released in October 2024 showed that 21% of polled Americans expressed a desire to move abroad, up from 17% in 2023 and 10% in 2011. Some Americans have considered moving overseas due to factors such as crime rates, modern…

Rivian electric vehicles are parked in front of a Rivian service center on April 30, 2026 in Los Angeles, California. Justin Sullivan | Getty ImagesRivian said Tuesday it was laying off hundreds of workers, or less than 2% of its workforce, as the electric vehicle maker aims to narrow losses.The layoffs affect some teams in the service and customer segments, according to a spokesperson. The company had 15,232 employees across North America and Europe at the end of last year.”We recently restructured a handful of teams within Rivian as we work to profitably scale our business,” the company said in…