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Top stories today:
1. Fed pauses rate hikes but suggests +50 bps is coming by year-end
2. Google's shopping generative AI lets you try clothes on different models
3. EU Parliament approves AI regulation bill, which goes to member states
4. European Commission wants Google to break up its ad tech segment
5. Twitter sued by music association for $250M+
6. China's economy slows down in May

0. Data and calendar

All values as of 6 AM ET / 3 AM PT, other than S&P500 close (4 PM ET / 1 PM PT).

All times are ET.

1. Fed pauses rate hikes but suggests +50 bps is coming by year-end

Fed pauses rate hikes but suggests +50 bps is coming by year-end

0. Data and calendar

1. Fed pauses rate hikes but suggests +50 bps is coming by year-end

Keep reading

Trump attacks Anthropic CEO for urging AI slowdown, dismisses takeover fears as “hoax”

Anthropic, OpenAI push to slow frontier AI development as Microsoft backs “deliberate pacing”

Anthropic says it disrupted Claude misuse for cyberattacks, bioweapons research

Apple’s iPhone Duo debuts as its first foldable, with 7.6” inner display, A20 Pro chip

Fed pauses rate hikes but suggests +50 bps is coming by year-end

0. Data and calendar

1. Fed pauses rate hikes but suggests +50 bps is coming by year-end

Subscribe to keep reading

Keep reading

Trump attacks Anthropic CEO for urging AI slowdown, dismisses takeover fears as “hoax”

Anthropic, OpenAI push to slow frontier AI development as Microsoft backs “deliberate pacing”

Anthropic says it disrupted Claude misuse for cyberattacks, bioweapons research

Apple’s iPhone Duo debuts as its first foldable, with 7.6” inner display, A20 Pro chip