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FOX Business host Charles Payne discusses the market shift driven by artificial intelligence on Making Money. Key Takeaways Narrative Economics in Action: Nobel laureate Robert Shiller warns that widespread fear over AI’s impact on jobs could become a self-fulfilling prophecy, emphasizing the power of collective belief and “narrative economics” to shape real economic outcomes. Tech Sector’s Double-Edged Sword: While AI drives unprecedented innovation and investor enthusiasm in the tech sector, the rhetoric from some industry leaders predicting massive job displacement risks undermining broader economic confidence and potentially triggering a recession. Sentiment Drives Market & Labor: Consumer and business sentiment, influenced…

Key Takeaways High-Profile Defection: Paul Meade, a key Apple VP leading Vision Pro and AI smart glasses development, is departing for OpenAI’s nascent hardware division, signaling a major talent shift in the AI race. Apple’s Internal Shake-Up: Meade’s exit comes amid significant internal restructuring at Apple’s hardware engineering team under the incoming leadership of John Ternus, suggesting potential turbulence and dissatisfaction within Cupertino. OpenAI’s Hardware Ambitions Intensify: The move underscores OpenAI’s serious intent to enter the physical device market, leveraging top-tier talent like Meade and Jony Ive to build out its vision for AI-native hardware. Apple’s Vision Pro Architect Jumps…

Check out what’s clicking on FoxBusiness.com. Key Takeaways: Record-Breaking Valuation Sets New Benchmark: The Golden State Warriors’ over $50 million annual jersey sponsorship with IREN redefines the market value for premier sports assets, signaling a significant escalation in top-tier sports marketing expenditures across North America and potentially globally. Tech Sector’s Dominance in Sports Marketing: The securing of this unprecedented deal by IREN, an AI cloud provider, underscores the growing financial might and strategic marketing pivot of technology companies, particularly within the burgeoning AI sector, towards high-visibility, global sports platforms. Strategic Brand Alignment and Global Reach: This partnership leverages the Golden…

The thunderous roar in Oklahoma City just got a whole lot louder! In a seismic move solidifying their championship foundation, Isaiah Hartenstein has reportedly inked a monumental new three-year contract extension with the Oklahoma City Thunder, a deal worth a staggering $75 million that will keep the dominant big man anchoring the paint through the 2028-29 season. This isn’t merely a contract; it’s a statement. At 28 years old, Hartenstein’s commitment further cements Oklahoma City’s long-term core, signaling an unwavering belief in the squad that just hoisted the NBA championship trophy. The reported terms, including a 15% trade kicker and…

Stay informed with free updatesSimply sign up to the Automobiles myFT Digest — delivered directly to your inbox. Key Takeaways: Profound Restructuring: German automotive giants – Volkswagen, BMW, and Mercedes-Benz – are undertaking unprecedented restructuring, including massive job cuts and plant closures, in response to intense competition and market share erosion, particularly from Chinese electric vehicle manufacturers. Chinese Incursion & Market Shift: Chinese brands like BYD are rapidly gaining market share in Europe, exceeding 10% for the first time, while European incumbents lose ground both domestically and in China. This shift is driven by cost-competitiveness and speed-to-market in the EV…

The echoes of “El Loco” now ring hollow, replaced by the grim silence of shattered World Cup dreams. Marcelo Bielsa, the enigmatic architect famed for his demanding philosophy and revolutionary tactics, has shouldered the blame for Uruguay’s humiliating group stage exit, declaring a legacy “left nothing behind.” It’s a stark, self-inflicted epitaph for a tenure that promised so much yet delivered only frustration, culminating in a winless campaign and a 1-0 defeat to Spain that sent La Celeste crashing out for the second successive World Cup. In the immediate, raw aftermath of the decisive loss in Guadalajara, the usually verbose…

In a significant development for global defense capabilities, aerospace and defense giant Lockheed Martin announced on June 24 its accelerated production of an “affordable, scalable” hypersonic glide body, designated the Next Generation Glide Body (NXGB). This initiative comes amid increasing competition from agile startup firms and marks a strategic move by one of the world’s largest defense contractors to enhance the United States’ capabilities in the rapidly evolving domain of hypersonic weaponry. The company projects a maiden flight for the NXGB in late 2027, according to a Lockheed Martin spokesperson. This ambitious timeline underscores the urgency with which established defense…

OpenAI is limiting the release of its newest AI models to a “small group of trusted partners” at the behest of the U.S. government, the company said Friday. The next generation GPT-5.6 lineup includes Sol, its flagship model; Terra, a more balanced model for everyday use; and Luna, a faster, lower-cost option. Although Sol is the company’s most powerful model, the Trump administration has restricted the release of all three. OpenAI said the preview is limited to partners “whose participation has been shared with the government.” **Key Takeaways:** * **Government-Mandated Restrictions:** OpenAI’s highly anticipated GPT-5.6 models (Sol, Terra, Luna) are…

The roar of the Guadalajara crowd was a symphony of mixed emotions as Spain carved out a hard-fought 1-0 victory over Uruguay, a result that sent shockwaves through Group H. While La Roja secured top spot with a blend of youthful exuberance and tactical discipline, Marcelo Bielsa’s ‘La Celeste’ were cruelly eliminated from the 2026 World Cup, their campaign ending in a frustrating maelstrom of missed chances, a veteran goalkeeper’s woes, and a controversial, fiery send-off. Alex Baena’s opportunistic first-half strike ultimately proved the decisive blow, a goal that, combined with the 0-0 stalemate between Cape Verde and Saudi Arabia,…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. ### Key Takeaways 1. **Investment vs. Integrity Tug-of-War:** The potential revival of the UK’s “golden visa” scheme highlights a critical tension between the government’s desire to attract significant capital and address post-Brexit economic challenges, and mounting concerns from regulators and civil society about financial crime, reputational damage, and the integrity of the UK’s financial system. 2. **Market Uncertainty and Sectoral Impact:** This policy discussion introduces uncertainty for foreign investors and financial markets. While proponents envision a boost to UK start-ups and…