The Latest AI Developments In 60 Seconds

FOMC Minutes Show 'A Few' Fed Members Wanted To Hike In June, 'Majority' Fear Higher Inflation Tl;dr: The minutes underscored a more hawkish tone on inflation. UBS traders noted that most participants cited scenarios in which price pressures could remain elevated, including stronger AI-related demand, the ongoing Middle East conflict and tariffs. In those cases, nearly all of those officials said some additional policy tightening would likely be warranted. Fed staff raised their inflation outlook for 2026 and 2027 compared with the April forecast, reflecting the effects of the Middle East...

Qatar’s Foreign Ministry said on Tuesday that US envoy Steve Witkoff and President Trump’s son-in-law, Jared Kushner, who have arrived in Doha, will hold talks with mediators but will not meet directly with Iranian officials, contradicting Trump’s claim that Iran had “requested” a meeting in the Qatari capital. “Mr. Steve Witfoff and Mr. Jared Kushner […]

Iran Boasts It Is Fast Rebuilding Bridges & Rail Lines After US Wrought Destruction Iran is seeking to put out images showing its resiliency after the country was hit with tens of thousands of airstrikes during over a month of the US-Israel Operation Epic Fury, including blowing up bridges, rail lines and other infrastructure. The US and Israel struck bridges and rail lines to cripple Iran's national transport network. Israel especially adopted attacks against key civilian infrastructure as a battle tactic, in hopes that eventually there would be a groundswell of...