Mediators Say US-Iran 'Close' To 'Resurrecting' Failed MoU Deal, Pushing Oil Lower, Stocks Jump

OpenAI Says Employee Planted "Sophisticated" Recording Device In Office; FBI Arrests Saudi National OpenAI said Tuesday that it found a hidden recording device in one of its offices, used its own AI models to work out who put it there, fired the employee and handed the matter to the FBI, which made an arrest. The company posted the account on X from its newsroom handle: "We discovered a sophisticated recording device that was hidden inside one of our offices," OpenAI said. "We used our models to understand the device and where it had...

Consumer Credit Unexpectedly Shrinks For The First Time Since 2024 As Credit Card Rates Jump After two consecutive outsized jumps in consumer credit in the months of March and April, when gas prices surged and inflation resumed its track higher, lifting most prices as a result of the war in Iran, moments ago the Fed published its latest consumer credit (G.19) report for the month of May and it was a doozy: instead of the expected $17.5BN increase, in May total consumer credit unexpectedly shrank for the first time since...

German Chancellor Claims Relationship With Trump Is Good, Despite Comments About Iran Authored by Victoria Friedman via The Epoch Times, German Chancellor Friedrich Merz on April 29 said that he is on good terms with U.S. President Donald Trump, despite Merz’s recent remarks about the Iran war and Trump’s criticism of the German chancellor. “From my perspective, my personal relationship with the ​U.S. President remains good,” Merz told reporters. “I simply had doubts from the ⁠start about what was begun with the war in Iran. That is ​why I have made that clear.” On...