OpenAI Secures Record $110 Billion Funding Round Backed By Amazon, Nvidia, & SoftBank

US Nuclear Regulator Seeks Simpler Environmental Reviews To Boost Nuclear Expansion Authored by Evgenia Filimianova via The Epoch Times, The U.S. Nuclear Regulatory Commission (NRC) on July 8 proposed narrowing environmental reviews for new and renewed nuclear reactor licenses, a move the agency said would reduce costs, as the Trump administration pushes to expand nuclear energy. In this aerial view, the shuttered Three Mile Island nuclear power plant stands in the middle of the Susquehanna River near Middletown, Pa., on Oct. 10, 2024. Chip Somodevilla/Getty Images The proposal would change how the NRC...

UBS Warns America's Restaurants Locked In "Difficult Cycle" As Tax-Refund Sugar-High Fades There is certainly a growing consensus on Wall Street that the tax-refund sugar high is fading just as consumers' financial profiles deteriorate. The latest read-through comes from UBS analyst Dennis Geiger, the bank's U.S. restaurants equity research analyst, who warns that a toxic cocktail of macro pressures is likely to crimp restaurant spending in the second half of the year. Geiger warned in a note that elevated gas prices at the pump appear to be offsetting tax-rebate benefits, while...

Trump Weighs Federal Challenge To Mamdani's Socialist Tax "Experiment," Warns It Will Doom NYC Summary: Trump Weighs Federal Challenge to New York Pied-à-Terre Tax Judge Temporarily Blocks Mamdani's Socialist Tax Scheme Trump Weighs Federal Challenge to New York Pied-à-Terre Tax President Trump said in a Truth Social post around lunchtime that his administration is examining whether the federal government has the legal authority to block NYC Mayor Zohran Mamdani's dangerous political "experiment" before it can "destroy what was once a great City and State." "It is pure Amateur Hour, and it's hard, as President of...