President Trump said on Wednesday that he would impose a 25% tariff on select semiconductors, including the Nvidia chips it plans to sell in China.
Why it matters: The tariffs are part of a broader deal, one in which the U.S. government will reap revenues from allowing Nvidia to sell AI processors in China.
Sen. Mark Kelly (D-Ariz.) says average Americans are too concerned about affordability and other issues to care much about the promise of AI.
Why it matters: Kelly represents a faction of Democrats who don't want to be the anti-AI party, but think that Republicans have gone too far in pushing for a no-rules regulatory environment and have allowed for companies to grow with little oversight.
The Dodge Charger, Ford Maverick Lobo and Hyundai Palisade are the 2026 North American Car, Truck and Utility of the Year winners, jurors revealed this morning at the Detroit auto show.
Why it matters: With new-car prices soaring, judging this year's winners highlighted a growing tension: value is becoming as important as innovation and design.
Backlash over deepfakes made with Elon Musk's AI chatbot Grok is fueling a push on Capitol Hill to give victims the right to sue.
Why it matters: Non-consensual sexual imagery is increasingly targeting people — including members of Congress — across the country, sharpening bipartisan urgency to give victims strong legal recourse.
A conversation with Thomas Saueressig, Executive Board Member at SAP SE and Head of Customer Services & Delivery.
1. Around the world, governments are rethinking how they protect and govern data. What global forces are making data sovereignty such a pressing issue right now?
JPMorgan Chase's earnings results included a miss on investment banking revenue and a hit to net income. But CEO Jamie Dimon is still increasing the bank's planned expense growth for 2026 by about $9 billion.
Why it matters: If JPMorgan is spending more, other banks may follow suit, which could fundamentally change the base case for financials this year.
HII chief executive Chris Kastner has "high confidence" the U.S. Navy's future frigate will launch in 2028, following word that the warship will be based on the company's National Security Cutter.
The big picture: The NSC is the centerpiece of the Coast Guard's fleet. It's been in service for almost two decades.
"They know exactly what it can do," Kastner said. "The Navy's been on that ship and fully understands the capabilities of that ship."
AI might one day replace us all — for now though, humans still spend a lot of time cleaning up its mess, according to a Workday survey released Wednesday.
Why it matters: The promise of AI is that it makes work more productive, but the reality is proving more complex and less rosy.
