Fresh Mexican tomatoes singled out for 17% tariff

Manus AI, the company behind a general-purpose AI agent, has reportedly let go of most of its Beijing staff and wiped its presence from Chinese social media platforms like Weibo and RedNote. The move comes as part of a restructuring effort tied to relocating its headquarters to Singapore. Users in China now see a message stating the service isn’t available in their region—a shift from earlier notices about a pending "Chinese version."

Editor’s Note: This isn’t just another corporate reshuffle—it’s a sign of the growing challenges foreign AI firms face in China’s tightly regulated tech landscape. Whether it’s due to compliance hurdles, competitive pressures, or strategic pivots, Manus AI’s abrupt exit raises questions about the viability of Western-aligned AI services in China. For workers and users, it’s a stark reminder of how quickly the ground can shift in this sector.

The UK government is offering discounts of up to £3,750 for drivers who switch to electric cars, part of a push to make eco-friendly vehicles more affordable and speed up the transition away from petrol and diesel.

Big banks like JPMorgan are raking in strong profits under Trump’s economic policies, with CEO Jamie Dimon praising the U.S. economy’s resilience as the bank posted impressive quarterly earnings.

Editor’s Note: When Wall Street thrives, it often signals broader economic confidence—but it also raises questions about who’s really benefiting. If big banks keep posting record profits while wage growth lags for everyday workers, expect more debate over whether this boom is evenly shared.

Oracle is pouring $3 billion into expanding its AI and cloud infrastructure in Germany and the Netherlands, signaling a major bet on Europe's tech demand. This isn't just server farms—it's about positioning these countries as hubs for cutting-edge computing power.

Investors are keeping a close eye on today’s CPI report, which is expected to show inflation ticked up again in June. Meanwhile, S&P futures are climbing as markets brace for both the inflation data and a fresh round of bank earnings. It’s a classic "wait-and-see" moment—will hotter inflation numbers spook traders, or will strong earnings balance things out?