Markets face critical 2 weeks ahead! LinkedIn 90s Declares Bankruptcy!
What’s moving the markets today? A US court ruling could pave the way for accelerating the development of artificial intelligence (AI),as it becomes possible to use copyrighted works and materials without the owner's permission. This could be great news for AI and the technology world, given the transitional phase between training AI models and the inference phase, where AI can generate entirely new information. Financial markets face a crucial two weeks for the economy, both regarding Trump's tax bill and the approaching expiration of the tariff suspension deadline. Will Trump's tax legislation impact the markets? Or will they be in for surprises with Trump's customs filing? Two of the largest online recruitment companies, pioneers in this field in the 1990s, are filing for bankruptcy protection, citing intense competition and rising financial burdens. Dubai welcomed more than 8 million visitors in the first five months of 2025 alone.
In a very important step for AI and its future, a federal judge in San Francisco ruled that training an AI model on copyrighted works without explicit permission is not a violation of copyright law, provided the source of the work is clearly stated and lawfully obtained.
This ruling is significant for AI, as the AI company Anthropic can now defend one of its principles, fair use, against copyright lawsuits for training its Cloud AI models on copyrighted books.
The judge upheld the company's claim that purchasing millions of books and then digitizing them for use in AI training qualifies as "fair use," asserting that it is neither permissible nor acceptable to download millions of pirated copies for the purpose of training AI models.
Also, the judge ordered a separate trial regarding Anthropic's storage of any pirated books.
The company is facing copyright infringement claims against three authors, who allege their works were unlawfully used. This is the latest in a wave of copyright lawsuits over the past three years.
Anthropic asserts that the fair use principle allows for the unauthorized use of materials if the use creates new meaning or serves a new purpose.
The impact:
The judge's ruling could set a precedent in the world of artificial intelligence, especially during the current phase, which marks the transition from training AI models to inference and generating new information.
Accepting the fair use principle would remove a significant obstacle for AI companies, which could have a significant positive impact on the technology sector.
The global economy is preparing for a crucial two weeks ahead, the period separating US President Donald Trump from the expiration of his suspension of the comprehensive tariffs he imposed on April 2nd, which he then suspended for 90 days until July 9th.
Markets are also closely watching developments on the US tax and spending bill, especially since Trump set a July 4th target for passing what he called “the big, beautiful bill.”
These dates will be of great importance, especially after the easing of geopolitical tensions in the Middle East. Attention will turn to the sound of trade agreements between the US and various countries around the world, as Trump and his administration attempt to reshape trade, global alliances, and the rules of doing business.
News indicates promising prospects for trade agreements between the US and various parties after July 4th, according to Treasury Secretary Scott Besant.
Trump has indicated his ability to set interest rates for countries that have yet to reach a trade agreement with his country. However, Trump's allies indicate that he may suspend the tariffs again for two weeks, a period he has used several times while postponing a specific decision.
The impact:
Financial markets are expected to closely monitor the above events, especially since the tariffs had a significant impact on stock market performance when they were introduced on April 2nd, before being suspended a few days later.
The tax legislation is no less important than the tariffs, as it has raised concerns in the general markets and raised the required yields on US bonds due to the increased risk of debt.
Analyses indicate that this legislation will add approximately $2.5 trillion over the next decade to the total US debt, which currently exceeds $36 trillion.
CareerBuilder and Monster, two of the largest online recruiting companies during the dot-com boom, filed for bankruptcy protection under US law a year after their merger.
According to a press release from the companies, they are selling key components of their businesses, including their job board, to another American recruiting company in Boston, JobGet Inc.
According to the documents, the combined company's assets are estimated at between $50 million and $100 million, compared to liabilities of between $100 million and $500 million.
Analysts attributed the company's failure to amass many users over time and to capitalize on the rapid changes, developments, and innovations in the digital world.
Monster was one of the early success stories of the internet in the 1990s, appearing in a Super Bowl ad in 1999, and its market value rose to $8 billion a year later.
Both companies struggled to maintain their market share due to intense competition, especially after the dot-com bubble burst in 2000 and the emergence of numerous competitors who capitalized on the tremendous advances in internet usage.
Electronic recruitment companies face significant challenges and pressures, particularly due to the use of artificial intelligence by job applicants, which increases the likelihood of fraudulent advertising. The Federal Trade Commission notes this, confirming that total reported losses due to job fraud tripled between 2020 and 2023, reaching approximately $286 million.
The impact:
This tragic end to these two companies highlights the pressures and challenges that existing recruitment companies must prepare for, especially considering the widespread use of artificial intelligence.
Experts are urging recruitment companies to use artificial intelligence to develop their businesses and raise their level of innovation, in addition to protecting themselves against job fraud.
Dubai attracted 8.68 million international visitors between January and May 2025, representing a 7% increase compared to the same period last year, according to the latest tourism performance report issued by the Dubai Department of Economy and Tourism.
The report revealed that Dubai hosted 1.53 million international visitors in May alone, confirming the emirate's continued global appeal as a year-round tourist destination. Western Europe topped the list of visitors to Dubai, accounting for approximately 22%, followed by visitors from South Asia and the GCC region.
Dubai's hospitality sector has recorded strong year-on-year growth. By the end of May 2025, the number of hotel establishments in Dubai reached 825, with more than 153,000 rooms, and an average hotel occupancy rate of 83%, compared to 81% for the same period in 2024.
The impact:
These figures reflect the continued momentum in Dubai's tourism and hospitality sectors, particularly the city's robust infrastructure development projects, global transportation network, and the unique tourism experiences the emirate offers.
Top headlines today
Nvidia CEO says robotics is chipmaker’s biggest opportunity after AI
Shell denies reports it is in talks to take over BP
Meta’s quest to dominate the AI world
Lebanon’s economy to benefit from World Bank’s $250m recovery boost