OpenAI and Broadcom Launch Jalapeno AI Chip

OpenAI and Broadcom have unveiled a new AI chip named Jalapeno, designed to enhance artificial intelligence capabilities. Currently, OpenAI is in the testing phase of this innovative technology.

Slate Auto’s $25K Modular Electric Trucks Unveiled by CNBC

CNBC’s Michael Wayland explores Slate Auto’s innovative approach to electric vehicles, showcasing their modular $25,000 pickup trucks. The startup aims to revolutionize affordable EV options for consumers.

Chile Central Bank Takes Cautious Stance on Monetary Policy

Chile’s central bank plans to adopt a cautious approach to monetary policy due to declining price risks, as indicated in the minutes from its recent meeting. The decision comes amidst positive developments from the interim US-Iran peace deal.

Mexico’s Inflation Drops Ahead of Key Rate Decision

Mexico’s annual inflation rate decreased significantly in early June, surpassing expectations. This development comes just ahead of the central bank’s anticipated interest rate decision, which is likely to maintain rates at their lowest since 2022.

Bessent: Warsh’s Tough Stance on Inflation Matters

Treasury Secretary Scott Bessent praised new Federal Reserve Chairman Kevin Warsh for taking a strong stance on inflation. Bessent noted that President Trump has allowed Warsh the autonomy to navigate monetary policy effectively.

Chinese Premier: Tech Industry Not a Global Threat

Chinese Premier asserts that the tech industry poses no global threat, reflecting a shift in government rhetoric. The statement aims to reassure both domestic and international stakeholders amid rising tensions in global tech competition.

Micron Earnings Impact on Tech Sector After Selloff

Micron’s upcoming earnings report is set to influence the tech sector significantly after a recent global selloff. Analysts are keenly watching for insights that could indicate broader market trends.

Market Volatility: A New Constant for Investors

In this episode of MLIV, Guy Johnson, Tom Mackenzie, and Mark Cudmore explore the shifting nature of market volatility as a fundamental characteristic of today’s economic landscape. The discussion offers critical insights for analysts and investors navigating these turbulent times.

Trump Orders DOJ to Investigate Gasoline Prices

President Donald Trump has tasked the Department of Justice with investigating gasoline prices, expressing concern that they are not decreasing rapidly enough. This move comes amid ongoing scrutiny of fuel costs impacting American consumers.

Tanker Fees Surge to 897% Amid Shipping Shortage

A supertanker is set to transport oil from the Persian Gulf to India at 897% of the benchmark freight rate, highlighting a severe shortage of available vessels. This unprecedented cost underscores the ongoing challenges in global shipping markets.