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Federal Appeals Court Issues Ruling on President Trump’s Backup Tariff Plan– wltreport.com

pgnewser June 12, 2026 0

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A federal appeals court has approved of President Trump’s backup tariff plan — at least, for now.

On Thursday, the Court of Appeals for the Federal Circuit extended a block on a lower court ruling striking down the tariffs.

This means that President Trump can keep collecting 10% global tariffs under Section 122 temporarily as the further litigation continues.

Here are the details:

US stocks: Dow soars 900 pts, Nasdaq over 2% as Trump says Iran deal likely soon– economictimes.indiatimes.com

pgnewser June 12, 2026 0

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Wall Street’s major indexes ended sharply higher on Thursday, with stocks extending gains after U.S. President Donald Trump said he canceled planned strikes against Iran, and on the eve of the market debut of Elon Musk’s SpaceX.

Hours before the expected strikes, ‌Trump said ⁠on Truth Social ⁠that negotiations with Tehran had advanced to the highest levels of Iran’s leadership and had been okayed by a broad coalition of regional powers.

Oil prices dropped sharply, while stocks added to their rebound from the prior session’s selloff. On Wednesday, major Wall Street indexes fell more than 1% and the S&P 500 Technology Index confirmed a correction.

Google DeepMind and partners announce multi-agent safety research funding call. — Google DeepMind– deepmind.google

pgnewser June 11, 2026 0

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Scaling AI Safety Research for a Multi-Agent World

For the past decade, we’ve focused on making individual AI models more capable, helpful and safe. Today, Google DeepMind — together with Schmidt Sciences, the Cooperative AI Foundation, the Advanced Research and Invention Agency, and supported by Google.org — is announcing a new technical research funding call of up to $10M for researchers worldwide.

As AI technology scales, we’re entering a new era. Soon, millions of AI agents — built by different organizations — will interact across digital environments, communicating, negotiating and transacting with one another.

Amazon Data Centers In Mississippi Have Already Raised Electricity Rates for Local Customers, Report Suggests– www.404media.co

pgnewser June 11, 2026 0

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The AI industry has been pushing a narrative that the technology is a “black box” whose inner workings are so complex that they remain unknown even to the people making it. But another black box of AI is the underlying cost of the technology, and, specifically, what the AI boom is costing people who live near massive data centers. The data centers and energy plants that power large language models and other generative AI tools are subject to contracts cloaked in non-disclosure agreements and in many cases shielded from public scrutiny on the pretext that they contain competitive information.

A new report written by consultancy Synapse and commissioned by advocacy groups Earthjustice and Environmental Advocates Mississippi attempts to calculate the cost of 3 planned Amazon data centers to Entergy Mississippi customers, who share an energy utility with the centers. These hidden costs may offer a window into the broader burden borne by residents living near data centers around the country. The report estimates that residential customers of Entergy Mississippi, one of the state’s regional energy monopolies, have paid $38 million as of March 2026 for infrastructure and other costs related to data centers and will have paid $74 million by the end of the year.

Iran threatens to attack Elon Musk’s SpaceX and Starlink facilities in Middle East & warns assets are ‘military targets’– www.thesun.co.uk

pgnewser June 11, 2026 0

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IRAN plans to target Elon Musk’s SpaceX and Starlink facilities across the Middle East, including Israel, according to state media.

Companies owned by the Tesla boss will be considered “military targets”, state-owned Fars News Agency reports.

Tesla CEO Elon Musk talks with Nvidia CEO Jensen Huang during a US-Saudi Investment Forum Credit: Getty
The US has launched a wave of new strikes on Iran Credit: Getty

It said: “All interests related to economic holdings managed by Elon Musk in West Asia, including Arab countries and Israel, have been entirely included in the initial list for drafting new targets.

“Iran reserves the right to attack all facilities related to holdings managed by Musk in the region.”

Iran Announces Closure Of Hormuz After US Attacks– www.ndtv.com

pgnewser June 11, 2026 0

Iran Announces Closure Of Hormuz After US Attacks– www.ndtv.com
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Iran’s military command said Thursday it will target any ship transiting the Strait of Hormuz, after it struck two vessels attempting to pass through the strategic waterway, as talks to end the war faltered.

The United States launched a new wave of attacks against Iran on Wednesday, with President Donald Trump vowing to “hit them hard” after accusing Tehran’s negotiators of “playing us for suckers”.

The Khatam al-Anbiya command said Thursday, “any vessel traffic through the Strait of Hormuz will be targeted” adding that the strait is now “completely closed to all types of vessel”, according to the Tasnim news agency.

Trump says “I love the inflation” because U.S. is “taking” Iranian oil– www.cbsnews.com

pgnewser June 11, 2026 0

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Washington — President Trump on Wednesday applauded the latest inflation spike, saying the numbers are  “great” and “I love the inflation” because the U.S. “taking out” what he called “millions” of barrels of Iranian oil in the dead of night. The president added that he’s “just announcing today for the first time” that the U.S. is seizing Iranian oil.

Once the conflict is over, Mr. Trump said oil prices and inflation will drop rapidly. A reporter asked the president in the Oval Office Wednesday if he’s concerned that the Consumer Price Index rose at an annual rate of 4.2%, up from 3.8% in the prior month and marking the highest level since April 2023. The new inflation numbers were released earlier Wednesday.

Oil Sneaks Through Strait – thebethlehem.com

pgnewser June 11, 2026 0

The U.S. has announced it has secretly navigated more than 100 million barrels of oil through the Strait of Hormuz. President Trump announced, “… More than 200 Commercial Ships have safely traveled through the Strait. This wildly successful effort is because the UNITED STATES of AMERICA CONTROLS the Strait of Hormuz — NOT Iran. Their military is defeated, and their economy is lost. It’s over for Iran! 

Go Deeper

Inflation rises to a 3-year high on spiking gas prices, squeezing Americans financially– abcnews.com

pgnewser June 10, 2026 0

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WASHINGTON — Spiking gas prices pushed inflation to its highest level in three years last month, a headache for the Federal Reserve and a potential political challenge for the Trump administration as midterm elections near.

Consumer prices rose 4.2% in May from a year earlier, the Labor Department said Wednesday, up from 3.8% in April and the third straight increase. On a monthly basis, prices rose 0.5% last month, after big gains of 0.6% in April and 0.9% in March.

Rising inflation has soured many Americans on the economy, as the cost of gas, groceries, and other necessities hammer many Americans financially.

Excluding the volatile food and energy categories, core prices rose 2.9% in March from a year earlier, up from 2.8% in April. On a monthly basis, core prices increased a modest 0.2%.

Los Angeles Hotel Industry Sheds Jobs as Soaring Wage Mandates Take Their Toll– slaynews.com

pgnewser June 10, 2026 0

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Los Angeles’ hotel industry is losing jobs at its fastest pace in a decade outside of the pandemic, raising fresh concerns about the economic fallout from some of the most aggressive minimum wage mandates in the nation.

A new analysis of federal labor data found that Los Angeles County hotels and motels saw their workforce shrink by 1.7% in December 2025 compared to the same month a year earlier, as businesses grappled with rapidly rising labor costs imposed by city and county officials.

The decline comes as Los Angeles prepares to host a series of major international events, including the 2028 Summer Olympics, while hotel operators warn that mounting costs are threatening the industry’s ability to expand and meet future demand.

Wage Mandates Coincide with Sharp Employment Decline

According to an analysis by the Employment Policies Institute (EPI) of newly released U.S. Bureau of Labor Statistics data, the contraction represents the steepest year-over-year decline in Los Angeles County’s hotel industry in a decade, excluding pandemic-related disruptions.

The losses followed a series of government-mandated wage increases.

Blind to irony, UN holds climate summit in nation crippled by green mandates– www.washingtonexaminer.com

pgnewser June 9, 2026 0

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This week, United Nations climate negotiators will gather in Bonn, Germany, to tell the rest of the world how to save the planet.

The irony is staggering. Germany is the poster child of failed green paternalism. It shut down its nuclear plants, bet everything on renewables, and ended up burning more coal and buying gas from Russia. Germany has no idea how to save the planet — it cannot even save itself.

That’s because Germany and other big-government climate warriors assumed the only force capable of protecting the environment was mandates, all while the market was quietly working.

EXCLUSIVE: GOP Rep Wants To Give America’s Power Plants, Data Centers An Anti-Drone Upgrade– dailycaller.com

pgnewser June 9, 2026 0

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One congressman is moving to protect the soft underbelly of America’s critical infrastructure with a new bill.

Republican Tennessee Rep. Matt Van Epps unveiled a House version of Sen. Tom Cotton’s Critical Infrastructure Airspace Defense Act Tuesday, which aims to shield hospitals, power plants, water treatment sites, and dams from potential drone attacks. The bill would make grants available to private companies to purchase government-approved anti-drone technologies, and could even extend to data centers.

“The bill gives the Secretary of Homeland Security, in consultation with the Secretary of Energy and others, the ability to determine which critical infrastructure facilities need these authorities,” Van Epps told the Daily Caller News Foundation. “This could include anything from critical water systems to power plants and potentially even data centers.”

Demand Is Booming for New No Tech, Repairable Tractor– www.404media.co

pgnewser June 5, 2026 0

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The secondary market for decades old, low-tech John Deere tractors has been booming for years as farmers have sought reliable tractors that they can actually fix without having to deal with John Deere’s repair monopoly. A Canadian company has seen that demand and came up with a radical thought: What if they made a new, repairable, “no-tech” tractor to solve what has become a gigantic pain point for farmers?

Alberta’s Ursa Ag says that it has been inundated with demand after announcing its tractor, which costs roughly half as much as a Deere and has the benefit of not being a repair nightmare. We have for years covered the frustration that farmers have felt as they have been locked out of their Deere tractors with digital rights management systems that prevent them from fixing their machinery, tractors that won’t run because of minor sensor failures, and crops that literally die on the vine as they wait for an “authorized” repair person to fix tractors during critical harvesting periods.

Australia’s Slowing Economy Propped Up by Data Center Boom– financialpost.com

pgnewser June 3, 2026 0

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G­­­ross domestic product advanced 0.3% in the first three months of the year, just one-third of the pace recorded in the final quarter of 2025 and missing estimates, government data showed Wednesday. Private investment climbed by almost 4%, led by higher outlays on data centers, with a 16% jump in spending on machinery and equipment the largest gain in almost 30 years.