Major media shakeups, regulatory actions against tech platforms, and geopolitical tensions impact business landscape as inflation concerns mount

CBS News undergoes significant leadership restructuring with Bari Weiss appointing Nick Bilton as '60 Minutes' executive producer while firing veteran correspondent Sharyn Alfonsi following editorial disputes over migrant detention coverage.

Temu faces a €230 million fine from the European Commission for selling unsafe products including baby toys, marking a major regulatory crackdown on the Chinese e-commerce platform's expansion in Europe.

A Google engineer is charged with insider trading after making $1.2 million on Polymarket prediction market bets, raising broader concerns about insider trading vulnerabilities in the rapidly growing prediction market sector.

Trump refiled a $10 billion defamation lawsuit against The Wall Street Journal over an article about a birthday note to Jeffrey Epstein, after an earlier version was dismissed by a judge.

Everlane co-founder Michael Preysman expresses shock over the sale of his decade-long company, exploring options to potentially restart the sustainable fashion brand.

Pentagon reveals that adversaries are actively targeting U.S. military personnel using publicly available location data from smartphones and commercial services, despite years of known vulnerabilities and available fixes.

Waymo launches Ojai, its new Chinese-manufactured robotaxi, in California and Arizona, signaling a strategic shift toward lower-cost production while maintaining autonomous vehicle expansion.

U.S. inflation surges to a three-year high amid escalating Iran-U.S. tensions, prompting Federal Reserve officials to consider higher interest rates to combat resurgent price pressures.

Wall Street indexes retreat from record highs as investors assess inflation data and Middle East developments, with oil prices initially rising then falling on reports of potential U.S.-Iran ceasefire negotiations.

BP abruptly dismisses Chair Albert Manifold, who responds with a statement defending his tenure while admitting he 'pushed hard' on various corporate matters.