X CEO Linda Yaccarino said she’s stepping down after two years of running Elon Musk’s social media platform.

Yaccarino posted a positive message Wednesday about her tenure at the company formerly known as Twitter and said “the best is yet to come as X enters a new chapter with” Musk’s artificial intelligence company xAI, maker of the chatbot Grok.

Musk responded to Yaccarino’s announcement with his own five-word statement on X: “Thank you for your contributions.”

Musk hired Yaccarino, a veteran ad executive, in May 2023 after buying Twitter for $44 billion in late 2022 and cutting most of its staff.

He said at the time that Yaccarino’s role would be focused mainly on running the company’s business operations, leaving him to focus on product design and new technology.

Fed appears split on inflation

The emerging divide among Federal Reserve officials over the outlook for interest rates is being driven largely by differing expectations for how tariffs might affect inflation, a record of policymakers’ most recent meeting showed.

“While a few participants noted that tariffs would lead to a one-time increase in prices and would not affect longer-term inflation expectations, most participants noted the risk that tariffs could have more persistent effects on inflation,” the minutes of the Federal Open Market Committee’s June 17-18 meeting said.

New rate projections released following the gathering showed 10 of 19 officials expected at least two rate cuts by year’s end. Seven policymakers, however, projected no cuts at all in 2025, while two projected one cut.

Policymakers pointed to “considerable uncertainty” about the timing, size and duration of the tariffs’ potential effects on inflation, the minutes showed.

The committee voted unanimously at the meeting to hold rates steady for a fourth consecutive time in a range of 4.25%-4.5%, provoking additional criticism from President Donald Trump, who has repeatedly called for lower borrowing costs.

Samsung rolls out new foldable devices

Samsung introduced several updates to its foldable devices lineup Wednesday, with the new Galaxy Z Fold 7, Z Flip 7 and the new Z Flip 7 FE taking stage at the latest Unpacked event.

The Korean electronics company unveiled the upgrades — including new versions of its watch — in New York but also announced an expanded partnership with Google to inject more artificial intelligence into its foldable lineup.

The Galaxy Z Fold 7 is much thinner and lighter than its predecessors, coming in at 0.17 inch thick when unfolded and less than half an inch folded.

It also weighs slightly less than half a pound, an impressive feat considering the company also increased the total size of the screens from the Fold 6 — now 6.5 inches for the exterior screen and 8 inches for the interior screen.

The Fold 7 will retail starting at $1,999. Preorders have started, and the device will hit shelves July 25. The Galaxy Z Flip 7 will retail for $1,099.99, and the Flip 7 FE starts at $899.99. Preorders for both devices began Wednesday and both will be available generally on July 25.

Mattel debuts Barbie with Type 1 diabetes

Mattel has introduced its first Barbie representing a person with Type 1 diabetes, as part of wider efforts from the toy maker to increase inclusivity among its dolls.

In an announcement Tuesday, Mattel said it had partnered with Breakthrough T1D — a Type 1 diabetes research and advocacy organization formerly known as Juvenile Diabetes Research Foundation, or JDRF — to ensure that the design of the doll “truly captures the community.” That includes accessories that “accurately reflect the medical equipment” people with Type 1 diabetes may need, the California-based company noted.

The new Barbie wears a continuous glucose monitor , a device that tracks blood sugar levels, on her arm — while holding a phone displaying an accompanying app. She also has an insulin pump attached to her waist. And the doll carries a blue purse that can be used to carry other essential supplies or snacks on the go.

The Barbie’s outfit is blue, too — with polka dots on a matching top and skirt set. Mattel says that this color and design are nods to symbols for diabetes awareness.

Compiled from Bloomberg and Associated Press reports.