OpenAI's financials are raising fresh questions about the economics of the artificial intelligence boom. According to audited financial documents reviewed by the Financial Times, the ChatGPT-maker's losses surged dramatically in 2025.

OpenAI's financials highlight the enormous costs of building and scaling advanced AI systems. The firm reportedly generated $13.1 billion in revenue last year. But total costs and expenses reached $34 billion, resulting in losses of around $38.5 billion. That is nearly eight times higher than the roughly $5 billion the company lost in 2024.

OpenAI Burns Cash at Unseen Scale

Washington's most predictable drama has flipped. For over a year, President Donald Trump branded Jerome Powell a "knucklehead" for refusing to cut interest rates. On Wednesday, with new Fed Chair Kevin Warsh holding rates steady at his very first meeting, and half the Fed signalling a possible rate hike, Trump's reaction from Paris was: "It's all right. Whatever."

On Wednesday, President Trump, referring to new Fed boss Kevin Warsh, said: "We have a very good guy over there now, so I'm guided by what he wants."

The Fed left rates unchanged, with about half the members signalling the next move to be a hike rather than a cut. So Trump's comment is not policy alignment, but a relationship pivot.

Trump Blinks as Fed Holds & Inflation Bites

Two mosques have been burnt down in the West Bank in a targeted attack by Israeli settlers. Chilling graffiti reading 'revenge' was found spray-painted outside the mosques, sparking immediate alarms over a dangerous surge in settler violence. The attack has drawn severe global condemnation and threatens to further inflame an already strained region.

West Bank on Edge: Mosques Torched as Settler Violence Peaks

The FIFA World Cup 2026 continues to electrify as co-hosts the United States face off against Australia in a crucial Group D encounter at Seattle Stadium. Both teams enter this match with high aspirations, following strong starts to their respective campaigns. For the U.S. Men’s National Team, playing in front of a sold-out home crowd in the Pacific Northwest is more than just a game it’s a chance to solidify their standing in the group and move one step closer to the knockout stages.

FIFA World Cup 2026: World Cup Co-Hosts US Face Australia in Seattle

US Vice President JD Vance has strongly defended the Trump administration’s peace agreement with Iran, pushing back against criticism from Israeli leaders and warning that military action alone cannot resolve regional tensions. Vance described President Donald Trump as Israel’s strongest ally while urging support for ongoing diplomacy. The remarks come as reports suggest Mojtaba Khamenei has approved the agreement and the US has begun lifting its naval blockade, signaling fresh momentum for the landmark deal.

Vance Backs Trump’s Iran Peace Deal, Pushes Back on Israeli Criticism

The US is urging Europe to take greater responsibility for its own security, with Defense Secretary Pete Hegseth calling for the creation of a stronger 'NATO 3.0.' Speaking on the future of the alliance, Hegseth said European nations must lead the defense of the continent and help transform NATO into a more robust military force. 

Hegseth Pushes ‘NATO 3.0’ as US Shifts Military Focus

Mexico has officially punched its ticket to the knockout rounds of the 2026 FIFA World Cup! In a high-stakes Group A clash at the Estadio Akron in Guadalajara on June 18, 2026, El Tri secured a hard-fought 1-0 victory over South Korea.

FIFA World Cup 2026: Co-Hosts Mexico First Team into World Cup Knockout Rounds 

Speed News:

- U.S Military Strikes Alleged Drug-Trafficking Boat 
- Vance Not Flying to Switzerland For Iran Talks
- Trump Awards Medal of Honor To Veterans
- NYC Police Officers Investigate Times Square Shooting

U.S Military Strikes Alleged Drug-Trafficking Boat

The Obama Presidential Center in Chicago’s historic Jackson Park officially opened its doors on June 19, 2026, following a spectacular, star-studded dedication ceremony held on June 18. The 19-acre campus, described by President Barack Obama as a "vibrant, living celebration of community," is now open to the public, marking the culmination of over a decade of planning, construction, and deep community engagement on the South Side.


Obama Presidential Center Opens | Star-Studded Celebration Leaves Trump Out 

The Special Investigation Team (SIT) has continued its probe at the Ram Temple site in Ayodhya as authorities examine allegations linked to the temple project. Investigators visited the site, reviewed documents, and gathered information as part of the ongoing inquiry. The developments have drawn significant attention given the temple's national importance. 

Ayodhya Ram Temple Probe: Special Investigation Team Continues Probe at Ram Temple Site

Tensions in Pakistan-occupied Kashmir (PoK) have reached a boiling point as Indian officials and international observers raise alarms over the violent suppression of civil protests in Rawalakot. Following a ban on the Joint Awami Action Committee (JAAC)—a group advocating for basic rights, affordable electricity, and economic relief—thousands of protesters gathered to demand justice, only to be met with severe force by Pakistani paramilitary troops.

India Raises Pakistan's Crackdown and Rawalakot Killings

In a major setback for the Alternative for Germany, or AfD party. A top court in Bavaria has allowed German intelligence agencies to continue spying on the party.  


Germany's Top Court Clears Surveillance of AfD Party 

In a blistering address following the largest drone strikes on Moscow since the start of the war, Ukrainian President Volodymyr Zelenskyy has launched a scathing attack on Vladimir Putin, labeling him a "madman" and declaring that the Russian people must finally feel the costs of the conflict.

Russia-Ukraine War: Zelensky’s Explosive Attack on Putin Stuns Europe

As Japan prepares for what promises to be another record-breaking summer, the nation’s favorite frozen treats are at the center of a major antitrust investigation. This June 2026, the Japan Fair Trade Commission (JFTC) launched on-site inspections of six of the country’s largest ice cream manufacturers—including Meiji, Lotte, Morinaga, and Ezaki Glico—on suspicion of forming an illegal price-fixing cartel.

Japan Launches Probe into Suspected Ice Cream Cartel Amid Peak Summer 

Canada has secured its first-ever victory in the men’s FIFA World Cup in spectacular fashion, defeating Qatar 6-0 at BC Place in Vancouver. The co-hosts delivered a clinical performance, fueled by a sensational hat-trick from Jonathan David—the first by a player on home soil since 1966.

FIFA World Cup 2026: Canada Win 6-0 Two Qatari Players Shown Red Cards

Tensions in Pakistan-occupied Kashmir (PoK) have reached a boiling point as Indian officials and international observers raise alarms over the violent suppression of civil protests in Rawalakot. Following a ban on the Joint Awami Action Committee (JAAC)—a group advocating for basic rights, affordable electricity, and economic relief—thousands of protesters gathered to demand justice, only to be met with severe force by Pakistani paramilitary troops.


India Highlights Pakistan's Repression and Killings in Rawalakot

Have you ever wondered why love feels like a high-stakes emotional rollercoaster? Recent neuroimaging research has finally mapped the "chemistry of attraction." By analyzing brain scans of young couples in the early, intense stages of romance, scientists have unlocked the secret behind the overwhelming feelings of euphoria, obsession, and deep attachment.


Brain Scans of Young Lovers Reveal What Happens in Love 

Speculation is mounting over an imminent split within the Uddhav Thackeray-led Shiv Sena (UBT) as six of its nine Lok Sabha MPs failed to attend a mandatory meeting convened by the party’s chief whip, Anil Desai. This massive no-show has reignited intense speculation about a potential rebellion, with reports suggesting that the rebel MP's might join the rival Eknath Shinde-led faction.

Big Blow to Uddhav: Six Shiv Sena(UBT) MP's Skip Meet, Split Buzz Intensify

In the largest drone strike on the Russian capital since the start of the full-scale invasion, Ukraine has hit the Moscow Oil Refinery in the Kapotnya district. The attack, which took place on June 18, 2026, penetrated layered air defenses and caused significant fires that blanketed the southern part of the city in thick black smoke.


Russia-Ukraine War: Ukraine Sets Moscow Refinery Ablaze in Biggest Attack in Years

Following months of intense conflict that disrupted global energy markets, President Donald Trump has announced a major interim Memorandum of Understanding (MoU) aimed at ending the war between the United States and Iran. Signed this June 2026, the deal establishes a framework for an immediate ceasefire on all fronts—including Lebanon and Israel—and facilitates the reopening of the critical Strait of Hormuz.


US-Iran Peace Deal: President Trump Urges Regional Players to Honour Truce

The legendary Major Oak of Sherwood Forest—a tree steeped in history and folklore, famously linked to Robin Hood—is believed to have died. After failing to produce any leaves this spring, conservation experts at the RSPB confirmed the sad news this June 2026.

Sherwood Forest's 1,200-Year-Old Major Oak Tree Dies 

The United States and Iran have signed a landmark agreement that opens the Strait of Hormuz, launches a 60-day truce, and creates a pathway for broader peace negotiations. However, some of the most difficult issues remain unresolved, especially the future of Iran's enriched uranium stockpile and long-term nuclear restrictions. While the deal has eased immediate fears of a wider regional war, shipping security, sanctions relief, and nuclear verification are expected to dominate the next phase of talks.

US-Iran: Washington And Tehran Sign Landmark Deal, But Critical Disputes Remain

Tensions between Russia and Ukraine escalated sharply as Ukrainian drones reportedly struck a Moscow oil refinery for the second time in a week. Russia’s Defence Ministry claimed its air defences intercepted hundreds of drones across multiple regions, including a large number near the capital. At the same time, President Volodymyr Zelenskyy is seeking stronger support from the United States and Europe as the conflict intensifies, with both sides expanding aerial operations and raising fears of further escalation.

Russia-Ukraine War: Kyiv Pounds Moscow's Oil Refinery! 

Former CIA executive David Rush has been arrested and charged with theft of public money after the FBI allegedly uncovered a massive hidden stash during a raid on his Virginia residence. Authorities say approximately $40 million in gold bars, $2 million in cash, and 35 luxury watches were recovered from his home.

Former CIA Executive Arrested: $40M Gold Stash, Cash & Luxury Watches Seized

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