A federal judge ruled that Ripple Labs’ crypto token, XRP, is not a security when sold on digital asset exchanges to the general public.
: FTC’s probe of OpenAI marks key moment in Khan’s push to rein in Big Tech
The surprising action — the strongest yet to Microsoft Corp.-backed startup OpenAI — comes as federal regulators try to get in front of fast-developing AI and its potential risks to the economy and society after largely ignoring the growth and damaging influence of social media for years.
: FDA approves first over-the-counter birth-control pill
Pill will be available at retail stores across the country early next year, but affordability and insurance coverage are still in question.
: An affirmative-action ban has devastated many Black Californians — including this councilwoman fighting for reparations
San Diego Councilwoman Monica Montgomery Steppe, a state reparations task-force member, says Prop. 209 impacted her family and vows to push for its repeal.
Currencies: U.S. dollar on pace for sixth consecutive day of decline as inflation cools
The U.S. dollar fell further Thursday after data shows U.S. wholesale inflation cooling more than expected in June.
: Consumers are now ‘hunkering down’ rather than ‘trading down’ on groceries, Conagra says
Consumers are now buying less food, rather than just buying cheaper alternatives, consumer-foods giant Conagra said.
Key Words: Consumers are shopping in more stores than ever before to save money
PepsiCo says consumers are still seeking out bargains wherever they can find them.
: Delta is counting on this to keep demand for air travel sky high
Delta Air Lines is betting that demand for air travel will stretch beyond summer as return-to-office mandates lift business and international travel, especially for Europe.
: Biden says he’s serious about prisoner exchange for Wall Street Journal reporter Gershkovich
President Joe Biden on Thursday said he’s serious about exploring a prisoner exchange for Wall Street Journal reporter Evan Gershkovich.
The Fed: Fed’s Daly says it is ‘too early to declare victory on inflation’
San Francisco Fed President Mary Daly said Thursday that it is too soon to declare victory on inflation despite the good new in the June readings.
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