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New Federal Reserve Chairman Kevin Warsh holds a press conference after two days of Federal Open Market Committee (FOMC) meetings at the Federal Reserve Board in Washington, DC, USA, June 17, 2026.Eric Lee | ReutersWednesday’s Federal Open Market Committee statement alone showed the Federal Reserve is entering a new era under Chairman Kevin Warsh.The statement released Wednesday contained about 130 words, according to a CNBC analysis of the presentation, which is fewer than the more than 300 words recorded at recent meetings.Warsh acknowledged the “differences” in the statement Wednesday at the beginning of his first press conference as speaker. He…

Former Sequoia Capital managing partner Roelof Botha joined SpaceX’s board less than a week after the company went public in the largest IPO in history. SpaceX announced the appointment Wednesday in a filing with the Securities and Exchange Commission. The newspaper said Botha was appointed “to fill an existing vacancy on the board of directors” and will serve until SpaceX’s next annual general meeting. He will also join the Audit Committee of the SpaceX Board of Directors. Botha did not respond to requests for comment. Mr. Botha “brings extensive public company experience, along with a deep background on audit committees,…

Anthropic CEO Dario Amodei attends a working lunch on innovation and AI with G7 leaders, G7 outreach partners, and global technology CEOs during the G7 Summit in Evian-les-Bains, France, on June 17, 2026.Anna Moneymaker | Getty Images News | Getty ImagesWith Anthropic CEO Dario Amodei google In a meeting with technology leaders and heads of state, including President Donald Trump, DeepMind CEO Demis Hassabis called for a U.S.-led coalition to shape rules and standards around artificial intelligence, CNBC reported.The closed-door lunch meeting was held at the G7 summit in Evian-les-Bains, France, on Wednesday. Mr. Amodei and Mr. Hassabis both proposed…

Emily Kaiser shares how she forgave husband Brady Kaiser after son Tryg’s accidental deathEmily Kaiser and Brady Kaiser are moving forward together. But shortly after her 3-year-old son, Trigg, drowned in an accident in May 2025, while she was home with Trigg and her then-5-week-old son, Theodore, Brady wasn’t sure she could forgive him until she changed her perspective and mindset. “From the beginning, I was very angry with him,” Emily told Jay Shetty on the On Purpose podcast on June 17. “But the biggest thing that literally changed my brain chemistry and my way of thinking is that this…

Iran and Oman will decide how to manage the Strait of Hormuz in consultation with other Persian Gulf states under a deal to end the Middle East wars, a senior US official told reporters on Wednesday.Iran and the United States are scheduled to formally sign a memorandum of understanding to end the war in Geneva on Friday. U.S. officials read the memorandum to reporters in a conference call on condition of anonymity because the terms have not been made public. Under the memorandum, Tehran will allow commercial ships safe, toll-free navigation for 60 days. According to the agreement, Iran will…

Amazon’s top artificial intelligence executive told CNBC on Wednesday that he hopes the company will be able to compete with OpenAI and Anthropic in a frontier model “next year” after falling behind the two big labs. “I think it’s fair to say that our model hasn’t reached the forefront of the very largest, most demanding workloads,” Peter DeSantis, senior vice president who leads Amazon’s semiconductor, AI and quantum efforts, told CNBC.“Frontier” refers to the most advanced AI models. “We’re taking a very deliberate approach to getting the foundations, the data, the architecture, the infrastructure right. And you know, we’re on…

Angelina Jolie details conversations with her daughters about her family’s history of breast cancerangelina jolie I’m not trying to avoid important discussions. It’s been more than 10 years since she underwent major surgery. Prophylactic double mastectomyThe 51-year-old went into detail about how she used her new movie to her advantage. couture Start a conversation with your daughters about their family’s history of breast cancer. zahara,twenty one, Shiloh19, and vivian17. “The film itself helps me talk about it with my daughters,” she said. Hello in share video “Of course, I talked to them a little bit about it, even told them…

Portugal took the lead with an early goal from Joao Neves, but Yoan Wissa equalized in first-half stoppage time.Published June 17, 2026June 17, 2026Cristiano Ronaldo’s record-equalling sixth World Cup got off to a disappointing start as the Democratic Republic of the Congo (DR Congo) drew 1-1 with Portugal in Group K, earning their first point in a football final.On Wednesday, Yoan Ouissa’s header canceled out Joao Neves’ first-half goal and the African team more than held its own as they played in their first World Cup since 1974, when their country was known as Zaire.Recommended stories list of 4 itemsend…

Jeffrey Gundlach, chief executive officer of DoubleLine Capital, said new Federal Reserve Chairman Kevin Warsh has struck a more hawkish tone than many investors expected, emphasizing his commitment to restoring price stability and suggesting less appetite for accommodative monetary policy.”He’s absolutely said he’s going to achieve price stability, which means … we’re not going to have the easy monetary policy that we all thought Chairman Warsh was going to do in the first quarter of this year, when everyone was expecting rate cuts,” Gundlach said on CNBC’s “Closing Bell.” “He doesn’t look like that at all today.”The comments came after…

As companies struggle to turn AI pilot programs into functional parts of their businesses, trust is taking center stage. A new startup hopes to solve this problem by leveraging the tools of mathematical formalization, combining one of computer science’s most reliable and one of its most chaotic systems. On Wednesday, Pramaana Labs announced $27 million in seed funding led by Khosla Ventures with participation from Accel, BoldCap, Nexus Venture Partners, Premji Invest, and Unbound. Pramaana will focus on highly sensitive areas such as law, drug discovery, and tax preparation. In these fields, errors are costly and reliability is at a…