Automakers Race Into Humanoid Robots As Timeline For Blue-Collar Job Disruption Emerges

Services Costs Drag Fed's Favorite Inflation Signal To 3-Year Highs, Savings Rate Holds Near Lows After accelerating in March and April, The Fed's favorite inflation indicator - Core PCE (a measure of price changes in consumer goods and services that excludes volatile food and energy costs) - was expected to rise once again in May. And it did with the crucial inflation signal up 0.3% MoM (as expected) and up 3.4% YoY (as expected) and at the highest level since Nov 2023... Services costs picked up again with Durable goods flat and...

ATF Drops Registration For Suppressors And Short-Barreled Rifles Nationwide After DOJ Declines To Appeal The ATF said Friday it will no longer require anyone to get federal approval before making or transferring suppressors, short-barreled rifles, short-barreled shotguns or "any other weapons," and will no longer require those items to be registered, in guidance that extends a Texas court ruling to every gun owner, not just the plaintiffs who won it. "Effective October 9, 2026, ATF will no longer require individuals to seek ATF approval under the NFA" to make or transfer...

Nvidia's Taipei Office Raided As Taiwan's AI Chip-Smuggling Dragnet Results In Arrests Taiwanese prosecutors have detained an Nvidia employee and searched the chipmaker's Taipei office, the first time the island's criminal investigation into the diversion of restricted AI hardware to China has reached inside the company whose processors sit at the center of it. The Keelung District Prosecutors Office said Tuesday it had detained a man surnamed Chang on suspicion of falsifying business documents under the Criminal Code, after investigators searched his home and his workplace on July 24. Prosecutors said...