US DOD awards Dell $9.7B five-year contract for Microsoft 365 and cloud services for the US military, per CNBC. The deal includes on-premises licensing and advanced cloud subscriptions.

Pentagon awards Microsoft $9.7 billion enterprise software contract in cost-reduction push

The Pentagon has awarded Microsoft a $9.7 billion enterprise software contract as part of cost-reduction efforts, according to officials.

Amazon strikes $6B deal to supply Snowflake with agentic computing chips, WSJ reports

Amazon has struck a $6 billion deal with Snowflake to supply its agentic computing chips, according to the Wall Street Journal.

Fed's Jefferson: Inflation risks remain tilted to upside, but expects easing later this year as tariff and energy shocks fade. Warns energy shocks pose downside risks to growth.

FedJefferson said risks to the inflation outlook remain tilted to the upside, though he expects price pressures to ease later this year as tariff and energy shocks fade. He added that the US economy has remained solid, but warned energy shocks pose downside risks to growth.

US Navy and Army budgets strained by operations against Iran: Navy Adm. Caudle says 2026 budget lacks Epic Fury funding; Army III Armored Corps training cut $292M, CNN reports.

The US-Israeli war on Iran has increased pressure on Pentagon finances, leading to military training cuts and delayed maintenance, according to CNN. The Navy's 2026 budget did not include Operation Epic Fury, and the Army's III Armored Corps saw a $292 million training budget cut, per CNN.