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Musk’s xAi increases yield offer on $5 billion debt raise, source says
NEW YORK (Reuters) -Elon Musk’s xAi is increasing the yield it is offering on a $5 billion debt raise led by Morgan Stanley, a source with knowledge of the matter said on Friday.xAi is offering to pay 12.5% yield on $3 billion in bonds, said the source who asked for anonymity to disclose non-public informatio … Read More >>

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Still early to assess tariff impact on economy, Fed report says
“The effects on U.S. consumer prices of the increase in import tariffs this year are highly uncertain, as trade policy continues to evolve, and it is still early to assess how consumers and firms will respond,” said the report, which comes ahead of next week’s testimony before Congress by Fed Chair Jerome Pow … Read More >>

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Meta partners with sports eyewear brand Oakley to launch AI-powered glasses
The social media company is expanding its partnership with Oakley and Ray-Ban-parent EssilorLuxottica amid growing consumer interest in AI-powered wearable devices.Meta has sold millions of Ray-Ban Meta glasses since their launch and said its “Oakley Meta HSTN” will feature a hands-free high-resolution camera … Read More >>

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US sanctions target those providing Iran with defense machinery, Houthi oil trading
“The United States remains resolved to disrupt any effort by Iran to procure the sensitive, dual-use technology, components, and machinery that underpin the regime’s ballistic missile, unmanned aerial vehicle, and asymmetric weapons programs,” U.S. Treasury Secretary Scott Bessent said.”Treasury will con … Read More >>

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