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The Latest Breaking News from United States

Alibaba plans to charge big users of its next open-source AI model

Like last month's blockbuster model release from Chinese AI startup Moonshot, Alibaba's Qwen3.8-Max model is an open-source, open-weight model, meaning that the underlying learned settings that allow developers to run or adapt the system are available for download. By contrast, U.S. developers OpenAI, Anthropic and Alphabet's Google have closed-source models.

The Economic Times

Aussie shares lose steam to close record-breaking week

The ASX has snapped a five-day rally but remains near record highs as investors mull Middle East uncertainty against a decent start to local earnings season.

AAP

To poll or not to poll: Trump’s US economy claims tell only part of the story

Donald Trump touts economic successes, but facts present a mixed picture. Job growth has slowed considerably in recent years, despite record highs. The stock market has seen new records, driven by company profits and AI. Manufacturing activity shows improvement, though job creation remains limited. Investment figures cited by Trump appear…

The Economic Times

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Fake help-desk calls put Blackstone, Apollo and other US firms in hackers’ sights

Phone calls from people posing as corporate help-desk staff were used in a ransom campaign targeting some of the biggest names in US finance. The callers paired company-specific fraudulent websites with instructions intended to make employees surrender passwords and additional security codes.

The Times of India

Dollar drifts higher as traders eye Iran talks ahead of US jobs data

The dollar surged on Friday, gaining strength over the yen and euro as uncertainties regarding a peace deal in Iran heightened demand for safe-haven assets. Support for the dollar was also found in increasing Treasury yields due to expectations of forthcoming rate increases. Market participants are eagerly awaiting the U.S.

The Economic Times

New Mexico court orders Meta to pay $567m over harms to children’s mental health

Ruling comes as part of second phase of landmark trial that found social media company enabled harm against users

The Guardian - US

Social media giant Meta ordered to pay $567 million in New Mexico child safety ruling

A New Mexico judge on Thursday ordered Meta to pay more than $500 million, finding the social media company created a public nuisance and harmed children. The ruling follows a March jury verdict awarding the state $375 million after finding Meta liable for exposing children to online predators and other…

France 24

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Saudi Arabia, Pakistan and Turkey sign Nato-style defence pact amid deadly Houthi strikes in Yemen

Mecca joint defence agreement says an attack on one country will be deemed an attack on all

The Guardian - UK

Meta ordered to pay $567 million in New Mexico for teen mental health fund

Judge Bryan Biedscheid in Santa Fe ruled the company had created a public nuisance in New Mexico, siding with Attorney General Raul Torrez, a Democrat. Torrez had accused the social media company of designing products to addict young users and failing to protect children from sexual exploitation on its platforms.

The Economic Times

Trump's Iran dilemma: He's stuck in war with no exit in sight

President Trump faces difficult choices in the ongoing Iran conflict. He is caught between granting Iran control of the Strait of Hormuz or escalating military actions. Further airstrikes risk political backlash before the upcoming midterm elections. Maintaining the current blockade offers no clear path to ending the war. Analysts suggest…

The Economic Times

Oil Price Today (August 7): Crude oil rises above $83 as Strait of Hormuz deadlock continues. Here’s why

Oil prices climbed for a second session on Friday due to renewed Hormuz Strait concerns. Iran proposed restricting hostile vessels and imposing penalties for violations. Crude oil prices saw increases on Thursday and Friday. Analysts warn of significant price hikes if disruptions continue for months. Supply outside the conflict zone…

The Economic Times

Gold heads for strongest week since January, US payrolls data in focus

Gold prices found stability on Friday, approaching their most significant weekly increase since January. Soothing concerns over inflation, a drop in oil prices has influenced interest rate expectations. Investors are focused on the upcoming US nonfarm payrolls data for insights into economic conditions. Other precious metals, like silver and platinum,…

The Economic Times

Oil rises on concerns over Strait of Hormuz reopening plans

Oil prices experienced a significant uptick on Friday, fueled by fears surrounding the critical Strait of Hormuz. Iran and Oman are contemplating restrictions on hostile vessels, impacting market confidence. As Brent crude futures soared to $83.48 a barrel and WTI futures hit $78.84, skepticism grows regarding the restoration of standard…

The Economic Times

Trump’s birthright citizenship attack the latest effort in obsessive campaign

For more than a decade, president has been fixated on trying to undermine a key constitutional right

The Guardian - US

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The Economic Times

'War to end pretty soon': Trump says Iran 'can't go much longer,' optimistic about Strait of Hormuz talks

President Trump believes the Iran conflict will end soon and stated the nation cannot continue. He expressed optimism regarding negotiations concerning the Strait of Hormuz trade route. The United States remains committed to preventing Iran from acquiring nuclear weapons. Iran's defense minister conveyed readiness to respond decisively to any threats.…

The Times of India

Trump signs new executive orders targeting birthright citizenship despite US Supreme Court setback

US President Donald Trump on Thursday signed two executive orders seeking to further restrict birthright citizenship, renewing his immigration crackdown weeks after the Supreme Court rejected his earlier attempt as unconstitutional.

The Economic Times

Iran weighs fines up to 20%, vessel ban for ‘hostile’ ships in Hormuz

Iran's parliament is reviewing a bill to restrict hostile vessels in the Strait of Hormuz. Violators could face significant fines on their cargo value under the proposed legislation. Talks with Oman are progressing to manage shipping through the strategic waterway. Oil prices have risen amid uncertainty over the strait's reopening.…

The Economic Times

Trump rolls out trade measures to counter China on solar and chips, slaps 15% tariff on polysilicon

The White House has established price floors and a fifteen percent tariff on polysilicon products. This action aims to bolster domestic chip and solar supply chains for national security. The new trade protections will officially take effect on December fourth this year. Minimum import prices are set for polysilicon, ingots,…

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The Economic Times

US to vet social media of foreign journalists applying for visas, report says

The US State Department will now screen foreign journalists' social media accounts. This initiative expands a Trump administration policy to include media representatives. Applicants from Canada and Mexico also face this new social media screening. The department states this vetting ensures visa eligibility and national security. This policy builds on…

The Economic Times

Global Market Today: Asian shares mixed as investors await US jobs data

Treasury futures inched lower in early Asian trading as higher energy prices revived concerns that the Federal Reserve may need to keep interest rates elevated. In the cash market, the Treasury 10-year yield held at 4.68%, after climbing seven basis points during the US session. Government bonds in Australia also…

The Economic Times

Trump signs orders to limit US birthright citizenship, despite Supreme Court ruling

President Donald Trump is again seeking to limit birthright citizenship for newborns. He signed two executive actions on immigration, which focus on specific categories. One order restricts citizenship for children of foreign diplomats and "alien enemies." Another order targets "birth tourism" by increasing visa restrictions for expectant mothers. Trump believes…

Reason

Trump Issues Another Unconstitutional Executive Order Targeting Birthright Citizenship

While less sweeping than the one invalidated by the Supreme Court in Trump v. Barbara, it still denies birthright citizenship to many people protected by the earlier Supreme Court decision.

TechRadar

China declares it is now the leading global chipmaking power — mainly because it just changed the definition of what a semiconductor is

China struck the word "semiconductor" from a 25-year-old chip law to cover photonic and quantum designs, and it is being seen as a potential leadership claim

The Economic Times

D-Street braces for weak opening on negative GIFT Nifty cues

Indian equities appear set for gradual gains, supported by encouraging news. Growing hopes for peace in West Asia and solid Q1FY27 earnings are enhancing investor confidence. Brent crude prices have fallen below eighty dollars per barrel, reflecting optimism in talks. The market will keep an eye on crucial Q1 earnings…

Medical Daily

Arizona Is Paying $5 Million for an Ibogaine Trial in Brain Injury, Using a Drug That Is Illegal Federally and Can Stop the Heart

Arizona granted Barrow Neurological Institute $5 million for an ibogaine trial in traumatic brain injury. The design, the Schedule I status, and the cardiac risk.

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Mohammad Bagher Ghalibaf

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