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A U.S. federal judge on Monday dismissed a lawsuit by Elon Musk’s XAI accusing OpenAI of stealing trade secrets. U.S. District Judge Rita Lin in San Francisco said XAI failed to prove OpenAI induced former XAI engineer Xuechen Li to misappropriate se

2026-06-16

A U.S. federal judge on Monday dismissed a lawsuit by Elon Musk’s XAI accusing OpenAI of stealing trade secrets. U.S. District Judge Rita Lin in San Francisco said XAI failed to prove OpenAI induced former XAI engineer Xuechen Li to misappropriate secrets or that a recruitment demonstration disclosed XAI trade secrets, and that allowing the case to proceed would be "futile." Lin had previously dismissed an earlier version of the complaint in February.

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2026-06-15

Investors pared Bank of England rate-hike expectations after the US and Iran reached an agreement to end the conflict, sending global oil prices sharply lower and easing inflation upside concerns. LSEG data show markets now price a total of 26bps of

Investors pared Bank of England rate-hike expectations after the US and Iran reached an agreement to end the conflict, sending global oil prices sharply lower and easing inflation upside concerns. LSEG data show markets now price a total of 26bps of Bank of England tightening in 2026, down 11bps from last Friday.
2026-06-15

Market news: Paramount will release a major update next week regarding the EU's investigation into the Warner deal.

Market news: Paramount will release a major update next week regarding the EU's investigation into the Warner deal.
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