8,000 staffers are reportedly affected, around 10 percent of the company. 8,000 staffers are reportedly affected, around 10 percent of the company. May 21, 2026, 9:20 AM UTC Jess Weatherbed is a news writer focused on creative industries, computing, and internet culture. Jess started her career at TechRadar, covering news and hardware reviews. Meta has…
AMSTERDAM – Stellantis today unveils FaSTLAne 2030, its €60 billion, five-year strategic plan to accelerate growth and profit. At the morning session of Investor Day at the Company’s North America Headquarters in Auburn Hills, Michigan, Stellantis Leadership sets out the six core pillars of its strategy moving forward. These build on the Company’s priority to put…
17 hours agoIran missile production ‘crippled,’ regime scrambling with ‘makeshift’ arsenal: defense expert
Those prices are putting extra pressure on already-strained American consumers. “The high-income customer is spending with confidence into many categories, while the lower-income consumer is more budget-conscious and perhaps navigating financial distress,” Rainey said. Some consumers, he said, are changing their gasoline habits. “The number of gallons that customers fill up with when they come…
NEWYou can now listen to Fox News articles! A beer once synonymous with American households is officially reaching the end of the line, with the final batch of Schlitz set to roll out on May 23 after 177 years of brewing — and reactions online have ranged from sadness and derision to deep disappointment. Founded…
Hong Kong/Seoul — Samsung Electronics has become one of the leading beneficiaries of the global artificial intelligence boom. Surging demand for semiconductors has turned South Korea’s largest corporation into a $1 trillion company this year, propelling Seoul’s stock market to rank as the world’s sixth-largest. But one segment of the country is unhappy with the result:…
May 21, 2026 NIO Inc. Reports Unaudited First Quarter 2026 Financial Results Quarterly Total Revenues Reached RMB25,532.7 Million (US$3,701.5 Million)iQuarterly Vehicle Deliveries Were 83,465 Units SHANGHAI, China, May 21, 2026 (GLOBE NEWSWIRE) — NIO Inc. (NYSE: NIO; HKEX: 9866; SGX: NIO) (“NIO” or the “Company”), a pioneer and a leading company in the global smart…
MELBOURNE, Australia (AP) — An Australian judge fined X Corp. 650,000 Australian dollars ($465,000) on Thursday for failing to provide information to an online safety watchdog in 2023 about how it tackled child sexual exploitation content. Federal Court Justice Michael Wheelahan also ordered the Texas-based social media giant to pay AU$100,000 ($71,000) of eSafety Commissioner…
The rocket company says it’s ‘highly dependent’ on Musk’s leadership. And that his other companies are possible competitors. May 21, 2026, 3:42 AM UTC The rocket company says it’s ‘highly dependent’ on Musk’s leadership. And that his other companies are possible competitors. May 21, 2026, 3:42 AM UTC Andrew J. Hawkins is transportation editor with…
Traders work on the floor of the New York Stock Exchange (NYSE) on May 6, 2026 in New York City. Spencer Platt | Getty Images The Dow Jones Industrial Average rose to a record close Thursday as oil prices and Treasury yields were volatile, with traders hoping for a resolution to the Middle East conflict….
Enterprise software giant Intuit is letting 17% of its staff go, or about 3,000 people, as it seeks to divert resources toward baking AI into its products, Reuters reported, citing an internal memo sent to employees. The memo by CEO Sasan Goodarzi said the layoffs are meant to reduce complexity by simplifying the company’s corporate…
A day after Elon Musk lost his lawsuit that threatened OpenAI’s structure, leadership, and finances, the AI giant is ready to move forward with its initial public offering, sources told the Wall Street Journal. OpenAI chief executive Sam Altman reportedly hopes that his company will be ready to go public by September. The ChatGPT maker…
GRAPEVINE LAKE, Texas — First responders in Texas had to remove a Tesla Cybertruck from Grapevine Lake late Monday evening, after the Grapevine Police Department said the driver intentionally drove it into the water. Officers responded to the Katie’s Woods Park boat ramp, located off Katie’s Woods Drive, around 8 p.m. They arrived and found…
In this article WMT Follow your favorite stocksCREATE FREE ACCOUNT Walmart issued a worse-than-expected financial outlook on Thursday as it reported fiscal first-quarter results, raising questions about the health of the U.S. consumer as high gas prices strain shopper budgets. The mega retailer stood by its fiscal 2027 outlook, which disappointed investors last quarter when…
Nvidia has announced record quarterly profit and revenue amid explosive demand for its advanced AI chips. The US tech behemoth said on Wednesday that profit soared to $58.3bn for the February-April period, up 37 percent from the previous quarter and more than 200 percent year-on-year. Recommended Stories list of 4 itemsend of list Revenue jumped to $81.6bn, up 20 percent from the prior quarter and 85 percent compared with…
Nvidia (NVDA) posted another blockbuster quarter on Wednesday, as demand for artificial intelligence infrastructure pushed revenue, profit and cash flow to record levels. The chipmaker reported first-quarter revenue of $81.62 billion, up 85% from $44.06 billion a year earlier and above Wall Street estimates of $78.9 billion, according to FactSet data. Adjusted earnings came in…
Meta cancels hiring plans for 6,000 roles amid ongoing layoffs and a pivot to artificial intelligence development. Published On 20 May 202620 May 2026 Meta has launched a wave of layoffs that will affect 10 percent of the company’s global workforce, representing about 8,000 people. The cuts, which began on Wednesday, are planned to occur…
A runway at LaGuardia Airport is still shut down Thursday after officials spotted a sinkhole. The sinkhole was spotted during daily morning inspection when Port Authority of New York and New Jersey crews noticed the hole on the taxiway right on the edge of Runway 4/22 at around 11 a.m. Wednesday. A sinkhole opened up…
Please enable JavaScript if it is disabled in your browser or access the information through the links provided below. May 20, 2026 Federal Reserve Board requests public comment on a proposal to establish a “payment account,” which legally eligible financial institutions could use for the specific purpose of clearing and settling their payments For release…
Nvidia founder and CEO Jensen Huang is, perhaps, one of the greatest corporate hype men of all time when it comes to his company. He may even surpass Salesforce’s Marc Benioff when it comes to relentless optimism in his company’s future and revenues. Even so, he delivers on the hype, quarter after quarter. Instead of…
New York City Mayor Zohran Mamdani fired back on Wednesday at Jeff Bezos after the Amazon founder and executive chairman questioned whether raising taxes on billionaires would do anything to help working-class New Yorkers. “You could double the taxes I pay, and it’s not gonna help that teacher in Queens. I promise you,” Bezos said in an interview…
In this article LUV DAL Follow your favorite stocksCREATE FREE ACCOUNT Airplanes are seen on the runway at LaGuardia Airport amidst mass travel delays, on March 28, 2026 in New York, New York. Ryan Murphy | Getty Images A sinkhole at New York’s LaGuardia Airport shut down a runway on Wednesday and is set to…
Nvidia announced another record revenue figure after market close on Wednesday, reporting financial results for the quarter ending April 26. Over those three months, the company brought in $81.6 billion in revenue (up 20% from the previous quarter) and a record $75.2 billion in data center revenue. On the strength of that revenue, the company…
May 20 (Reuters) – Elon Musk’s SpaceX moved closer to going public with its IPO filing on Wednesday, as the billionaire’s rocket-and-satellite company looks to beat OpenAI and Anthropic to the new listings market. Wall Street is betting 2026 could be a breakout year for the U.S. IPO market, underpinned by a strong pipeline of…
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Jeff Bezos defended Amazon MGM Studios’ choice to release its Melania Trump documentary earlier this year as a “good business decision.” The Amazon founder appeared on the Wednesday edition of CNBC’s “Squawk Box.” During the interview, he was asked about rumors that the decision to produce “Melania,” Amazon’s documentary about the First Lady, was done…
In this article @CL.1 @LCO.1 Follow your favorite stocksCREATE FREE ACCOUNT A US flag flutters in the wind as the CHIOS crude oil tanker sits anchored off the coast of the Chevron’s El Segundo Refinery in El Segundo, California on March 4, 2026. Patrick T. Fallon | Afp | Getty Images U.S. crude oil prices…
Amazon Executive Chair Jeff Bezos on Wednesday accused politicians of villainizing the ultra-wealthy and using tax policy as a political wedge issue to distract from bigger challenges facing the country. Subscribe to read this story ad-free Get unlimited access to ad-free articles and exclusive content. “You could double the taxes I pay, and it’s not…
It’s last call for Schlitz, the beer that made Milwaukee famous. Subscribe to read this story ad-free Get unlimited access to ad-free articles and exclusive content. The Pabst Brewing Co. has confirmed it is ceasing production of the iconic lager that has quenched the thirst of American beer drinkers for 177 years. “Unfortunately, we have…
Strong sales: Target reported its strongest sales growth in four years Wednesday, signaling that changes made under the company’s new CEO are resonating with customers. Comparable sales rose 5.6% in the three-month period ended May 2. That’s the biggest gain since early 2022 and the first positive read after three consecutive quarters of negative comparable…
Sign up for the Slatest to get the most insightful analysis, criticism, and advice out there, delivered to your inbox daily. It’s graduation season, so you know what that means: a lotta commencement speeches from wealthy figures of renown—all directed to debt-burdened, half-asleep, cap-and-gown-clad graduates worried about the frozen job market awaiting them. These grads…
About Amtrak® Amtrak is seizing a once-in-a-lifetime opportunity to transform rail and Retrain Travel. By modernizing, enhancing, and expanding trains, stations, and infrastructure, Amtrak is meeting the rising demand for train travel. Amtrak offers unforgettable experiences to more than 500 destinations across 46 states and parts of Canada. Learn more at Amtrak.com, download the Amtrak app, connect with us…
By Stephen Nellis, Max A. Cherney and Zaheer Kachwala May 20 (Reuters) – Nvidia CEO Jensen Huang on Wednesday aimed to assure investors that the world’s most valuable company can keep up its blockbuster growth with the help of a broad base of customers and that new products will help it beat the $1 trillion…