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Amazon may owe you money: It just got $600 million in tariff refunds after a lawsuit accused it of favoring Trump | Fortune
For months, Amazon would not say whether it planned to seek a refund on the tariffs President Donald Trump imposed under emergency powers. In May, that silence became a legal problem when consumers filed a class-action lawsuit in federal...
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The Fed did exactly what Wall Street was expecting—so why are markets so concerned by Kevin Warsh? | Fortune
In 1993, James Carville, an advisor to President Clinton, mused that if he were reincarnated, he wouldn’t choose to return as an elite athlete or historic figure—he’d come back as the bond market. “You can intimidate everyone,” he reasoned.At...
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Ferrari’s Jony Ive-designed model was mocked by the internet, but it’s selling like hotcakes | Fortune
When famed Italian supercar brand Ferrari announced its first EV, the Luce, in May, the car was mocked relentlessly online, in part due to its design that was spearheaded by former Apple designer Jony Ive. The backlash led to...
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Andy Jassy said Amazon will spend $220 billion this year—and still won’t have enough capacity to meet demand | Fortune
Amazon’s stock price jumped more than 9% in after-hours trading on Thursday after the retail-and-AI giant reported second-quarter results buoyed by its Amazon Web Services cloud business, which is racing faster ahead than it has in more than four...
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New York Mets tap Novig as prediction market partner as MLB embraces new betting sector | Fortune
Prediction markets are deepening their foothold in Major League Baseball. On Thursday, Novig, an up-and-coming trading platform, announced a multi-year deal with the New York Mets to become the team’s exclusive prediction market partner.The Mets are the first MLB...
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Has OpenAI already quietly hit pause on some AI development? | Fortune
Welcome to Eye on AI. Beatrice Nolan here. In today’s issue:Has OpenAI quietly hit pause on some AI development?Trump says the government is “looking at controls” for AI.Another Thinking Machines co-founder hops back to OpenAI.And OpenAI’s rogue agents breached...
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Americans feel the sting of high prices every day, so why does the Fed need so many ways to measure inflation?
From gas to housing to groceries, consumers can’t escape inflation in their everyday lives. So why can’t policymakers agree on what the data is telling them – and if prices are falling fast enough?With tariffs...
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Florida’s proposed property tax amendment will require trade-offs – and some residents could end up with higher costs
Between inflation, rising car and property insurance premiums and the costs of contending with extreme weather, many Florida homeowners are feeling financially squeezed.While the ballot box can’t change the risk of floods or hurricanes, a...
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A government fund of AI stocks to benefit all Americans is a good idea, but hard to pull off
Creating a government fund to own AI stock and benefit all Americans would require many hard choices.Should the U.S. government require artificial intelligence companies to transfer half of their stock to a sovereign wealth fund...
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France makes major progress in wildfire fight, but danger still lurks
Even though France's biggest wildfire crisis since 1949 has been contained, many of the blazes are still burning. Ramy...