OpenAI Foundation Pledges $250 Million to Help Workers Face AI Disruption

The OpenAI Foundation is committing an initial $250 million to help workers, communities, and economies manage the disruption caused by artificial intelligence. The nonprofit, which controls OpenAI, will use the money for grants, partnerships, and direct programs focused on the economic effects of AI. The announcement reflects growing concern that AI could transform labor markets […]

Snowflake Raises Forecast as Corporate AI Demand Drives Cloud Data Growth

Snowflake raised its annual product revenue forecast as businesses increase spending on artificial intelligence and move more data workloads onto its cloud platform. The company now expects fiscal 2027 product revenue of $5.84 billion, up from its previous forecast of $5.66 billion. The stronger outlook reflects growing demand for Snowflake’s data warehousing, analytics, machine learning […]

Food Insecurity Surges as Lower-Income Americans Struggle With High Living Costs

Food insecurity is rising sharply among many Americans, especially lower-income households, families with young children, and people with less education, according to new research from the Federal Reserve Bank of New York. Fed economists described the increase as “remarkable,” warning that food-related hardship may help explain why consumer sentiment remains weak even though broader economic […]

U.S. Consumer Confidence Slips as Inflation and Gas Prices Weigh on Households

U.S. consumer confidence weakened slightly in May as Americans grew more worried about inflation, especially price pressures linked to the war with Iran and higher energy costs. Seemingly, the Conference Board’s consumer confidence index slipped to 93.1 in May, down from an upwardly revised 93.8 in April. Economists had expected a deeper drop to 92.0, […]

JPMorgan Warns U.S. Economy May Lose Its “Goldilocks” Moment as Oil Fuels Inflation

JPMorgan economists are warning that the U.S. and global economy may be moving away from the best-case “Goldilocks” scenario investors had hoped for in 2026. That scenario — where inflation cools while growth remains strong — now looks increasingly unlikely. The bank says the Iran war and the related surge in oil prices are likely […]

Tulsi Gabbard Resigns as Intelligence Chief After a Turbulent Tenure Under Trump

Tulsi Gabbard is stepping down as Director of National Intelligence, ending a brief but turbulent tenure at the center of President Donald Trump’s national security team. Gabbard’s last day will be June 30, 2026, because she cited her husband’s diagnosis with a rare form of bone cancer as the reason for leaving government service. Her […]

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