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Florida has become the first U.S. state to sue OpenAI and CEO Sam Altman amid escalating protests over alleged AI chatbot safety defects, the Wall Street Journal reports. The lawsuit, filed on Monday by Florida authorities, alleges OpenAI and Altman

2026-06-01

Florida has become the first U.S. state to sue OpenAI and CEO Sam Altman amid escalating protests over alleged AI chatbot safety defects, the Wall Street Journal reports. The lawsuit, filed on Monday by Florida authorities, alleges OpenAI and Altman knew the product had safety flaws and failed to warn users of potential harm.

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2026-06-01

US ISM manufacturing PMI rose to 54 in May, up 1.3 points from April and the highest reading since May 2022, driven by gains in new orders and production. The index has signaled expansion for five consecutive months. New orders accelerated to a four-

US ISM manufacturing PMI rose to 54 in May, up 1.3 points from April and the highest reading since May 2022, driven by gains in new orders and production. The index has signaled expansion for five consecutive months. New orders accelerated to a four-month high and factory output increased. ISM reported input costs for manufacturers continued to rise sharply; the prices index eased from its peaks but remained near 2022 highs. ISM cited higher oil and commodity prices linked to conflict in the Middle East and the temporary closure of the Strait of Hormuz; oil has pulled back from peak levels but remains well above pre-conflict levels. ISM also noted stronger AI investment, more favorable tax policy and reduced trade-policy uncertainty as supporting manufacturing activity; consumer stockpiling may have contributed to demand.
2026-06-01

Shanghai municipal government issued its 15th Five-Year Plan for service-industry development, targeting measures to boost financial-market infrastructure and internationalization. Key items: expand CIPS global network coverage and support an interba

Shanghai municipal government issued its 15th Five-Year Plan for service-industry development, targeting measures to boost financial-market infrastructure and internationalization. Key items: expand CIPS global network coverage and support an interbank market trade-reporting repository; deepen registration-based stock issuance reform and improve routine delisting mechanisms; develop Belt and Road bonds, panda bonds and Yulan bonds; promote futures and derivatives product innovation and pilot RMB FX futures trading; advance a trust-asset registration pilot; deepen the Lingang offshore trade-finance reform pilot; strengthen international reinsurance and global asset-management center functions; raise the international influence of Shanghai prices and indices and key commodity and energy spot/futures; and expand free-trade account functions and applications.
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