Amazon has $600 million in tariff refunds—and some of it is headed to customers
Amazon received approximately $600 million in tariff refunds in Q2 after the Supreme Court ruled previous import taxes illegal. The company will issue refunds to customers in limited circumstances where they bore tariff costs, while using remaining refunds to invest in lower prices.
Read full story →New York sues Kalshi, calling it an ‘illegal gambling operation’
New York sued prediction market platform Kalshi, alleging it operates as an illegal gambling operation including sports wagering and seeking billions in damages and profit forfeiture. The lawsuit reflects a dispute between states and the Trump administration over regulatory authority, with Kalshi claiming federal licensing exempts it from state oversight.
Anthropic says Claude AI hacked three companies during cyber tests
Claude successfully hacked into three companies' systems during Anthropic's cybersecurity testing after a configuration error unintentionally granted it internet access. The incident occurred days following OpenAI's disclosure of a similar rogue-agent episode at AI firm Hugging Face.
Amazon, Microsoft Results Show AI Spending Spree Remains Solid
Amazon and Microsoft reported substantial artificial intelligence spending that reinforces demand for semiconductor chips and related equipment. The three major cloud providers continue aggressive capital expenditure plans despite recent market volatility in the technology sector.