invest america act

JPMorgan Chase CEO Jamie Dimon has fiercely criticized Coinbase CEO Brian Armstrong and vowed to oppose the Clarity Act, a digital-asset bill advancing in Congress. Dimon dismissed Armstrong's stance and stated banks will not accept the current legislation, which centers on stablecoin interest payments. Banks argue these yields lack regulatory safeguards, while crypto firms see them as customer rewards.

US defence secretary Pete Hegseth lauded India's military modernization and strategic importance in the Indo-Pacific. He highlighted New Delhi as a critical anchor for regional balance and praised its growing industrial capacity for high-end military operations. The US is pursuing co-production initiatives with India, including for Javelin munitions, to enhance collective readiness.

Nine major industry trade groups have warned the Trump administration that the rapid expansion of AI data centers is severely straining global memory chip supplies. This surge in demand is driving up prices and reducing availability for critical sectors like automotive, healthcare, and consumer electronics, posing risks to US supply chains and the broader economy.

In a strategic move, the US is pushing to wrap up a trade deal with India that seeks to expand market access and lower trade obstacles, aiming for a remarkable $500 billion in trade by 2030. This agreement is set to bolster supply chain resiliency and attract foreign investments.

Opposition is mounting against SpaceX's proposed IPO due to concerns over Elon Musk's significant control and the company's governance structure. Major pension funds and U.S. public investment officials have raised red flags, warning of weakened transparency and limited shareholder protections. The American Federation of Teachers has also urged the SEC to scrutinize SpaceX's framework before its public trading.

India’s pharmaceutical & software entrepreneurs show how economic strength matters in disrupted geopolitics. We should build such partnerships across the economy to navigate global headwinds

Actress Gina Carano and Muay Thai fighter Kevin Ross have revealed their secret August 2022 marriage, surprising fans. Carano, with an estimated $4 million net worth from MMA and Hollywood, and Ross, a respected combat sports figure, maintain a private lifestyle. Their combined wealth and careers continue to draw public interest.

Bill and Melinda Gates transformed university funding. Their trust bypasses traditional scholarships, creating a global talent pipeline. This model prioritizes international graduate access over donor branding. It breaks down elitism by focusing on capability, not wealth. The trust ensures funds support global problem solvers. This approach fosters long-term collaborative human capital networks for real-world impact.

A viral JPMorgan harassment lawsuit involving Chirayu Rana, a banker of Nepalese origin, has taken a sharper turn after senior executive Lorna Hajdini countersued him for defamation, calling his “sex slave” allegations false and malicious, and claiming they destroyed her reputation and life

China's economic recovery is facing headwinds as factories slow and consumer spending falters, with April data revealing a significant slowdown. Weak domestic demand, coupled with a challenging global environment marked by geopolitical conflicts and rising energy costs, is squeezing growth. While exports remain strong, they are insufficient to offset internal weaknesses, prompting concerns about the need for further policy support.

Anthropic's paper outlines two scenarios for US-China AI leadership by 2028. In one, the US maintains its compute advantage through tightened export controls, leading to democratic AI norms. The other sees China overtaking the US if policymakers fail to act, resulting in authoritarian AI dominance.

The Pentagon is forging new partnerships with companies like Anduril and Leidos to rapidly boost US strike capabilities. The Low-Cost Containerized Missiles (LCCM) program aims to procure over 10,000 affordable cruise missiles by 2027, while a separate deal with Castelion will scale low-cost hypersonic solutions. This initiative emphasizes speed, innovation, and private sector investment to rebuild America's military might.

Anil Kochhar, an inspiring Indian-American entrepreneur, has made headlines with his extraordinary contribution aimed at eradicating the student loan debts of all 176 graduates from Johnson C. Smith University, a key historically Black college located in North Carolina.

A former JPMorgan banker of Nepalese descent alleged that a senior executive coerced him into “non-consensual and humiliating sex acts" while threatening his career and subjecting him to racial abuse. According to a WSJ report, the bank unsuccessfully tried settling the case before the lawsuit was filed

The US government has accused China of a large-scale, state-sponsored campaign to steal American AI technology. A White House memo details how foreign entities are using "distillation" to copy advanced AI models, bypassing research and development. The administration vows to share information with US companies and develop countermeasures against these "industrial-scale" efforts.

MacKenzie Scott, ex-wife of Jeff Bezos, is making a significant impact with her philanthropy. She has donated nearly $26 billion to various nonprofits since 2019. Her latest gift of $70 million to Meals on Wheels America will help seniors facing hunger and isolation. Scott's approach involves providing unrestricted funds, empowering organizations to use the money as they see fit.

The NAACP has sued Elon Musk's xAI and MZX Tech, alleging illegal operation of methane gas turbines for a South Memphis data center without permits. The lawsuit claims these turbines emit hazardous pollutants, posing health risks to nearby residents. Environmental groups are involved, seeking to halt operations and impose penalties, highlighting concerns over unchecked AI infrastructure growth.

Several tech companies, including Snap, Block, Atlassian, and Pinterest, have recently announced significant layoffs, citing advancements in artificial intelligence as a primary driver. While some executives claim AI is enabling greater efficiency and a new way of working, others suggest AI is being used as a pretext for cost-cutting measures.

From cheaper autonomy to costlier capital, a post-dollar world could test India’s economic model

Pakistan used real reasons to get into the act — a border with Iran, a defence security pact with Saudi Arabia, a close strategic relationship with China, and a seat on Trump’s Board of Peace