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May 15 (Reuters) – Gemini Space Station shares surged more than 20% in premarket trading on Friday after the cryptocurrency exchange reported a smaller-than-expected quarterly ‌loss and its founders injected $100 million into the business. Shares of the New ‌York-based company were priced at $28 in their IPO, but have since lost ground, closing at…

In this article SBUX Follow your favorite stocksCREATE FREE ACCOUNT Starbucks’ corporate headquarters seen in Seattle. The company announced its Q2 earnings on 27th Apr 2021.  Toby Scott | Lightrocket | Getty Images Starbucks on Friday announced another round of corporate layoffs and said it plans to shutter some regional support offices as part of…

Federal Reserve Governor Stephen Miran speaks with CNBC during the Invest i America Forum on Oct. 15, 2025. CNBC Federal Reserve Governor Stephen Miran entered with big ideas about how the central bank should change— radically so, in some cases. As he prepares to step down in the coming days from what will have been…

To that end, Honda says it will launch 15 models with a new generation of hybrid powertrains by 2030, with most of them destined for here in North America. Yes, that includes a full-size SUV to compete in the D-segment with vehicles like the Toyota Sequoia or Chevrolet Suburban. Honda is targeting a 10 percent…

The Food and Drug Administration’s recent decision to withhold approval of a new skin cancer treatment fell like a hammer on doctors who treat melanoma and patients who saw that the drug had prolonged the lives of a third of the participants in a clinical trial. “It was devastating news,” said Trisha Wise-Draper, a dermatologist…

In this article MSFT GOOGL MSFT Follow your favorite stocksCREATE FREE ACCOUNT Bill Ackman, founder and CEO of Pershing Square Inc., attends his company’s IPO at the New York Stock Exchange (NYSE), in New York City, U.S., April 29, 2026. Brendan McDermid | Reuters Bill Ackman’s Pershing Square has built a position in Microsoft, as…

Fish farm nets on the East coast. Shaunl | E+ | Getty Images A version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high net worth investor and consumer. Sign up to receive future editions, straight to your inbox. Equity Group Investments, backed by the family of…

NEW YORK (AP) — Workers on New York’s Long Island Rail Road are on strike, union officials said early Saturday, paralyzing the busiest commuter rail system in North America. Labor unions representing about half the system’s workers announced the walkout after negotiations with the Metropolitan Transportation Authority ended Friday without a new contract. The five…

In this article STLA F GM Follow your favorite stocksCREATE FREE ACCOUNT The former General Motors headquarters inside the Renaissance Center in Detroit, April 15, 2024. Jeff Kowalsky | Bloomberg | Getty Images DETROIT — As artificial intelligence expands, it threatens to exacerbate a growing trend for America’s largest automakers: the elimination of white-collar workers….

President Donald Trump personally bought and sold millions of dollars worth of stock in technology companies and government contractors early this year, according to new government records. The Trump administration directly regulates some of these companies and many of these trades coincided with favorable regulatory decisions. Trump purchased $1 million to $5 million dollars worth…

US stocks sank on Friday, retreating from record highs as rising bond yields and inflation worries preyed on markets and investors were gauging the success of the Trump-Xi summit in China. The tech-heavy Nasdaq Composite (^IXIC) slid 1.5%, dragged lower by a 4% decline in Nvidia (NVDA), which reports earnings next week, and pressure on…

Knowledge is power, so here’s how to find power-gobbling data centers near you. Knowledge is power, so here’s how to find power-gobbling data centers near you. May 14, 2026, 5:40 PM UTC Gaby Del Valle is a policy reporter at The Verge covering surveillance, the Department of Homeland Security, and the tech-right. When Oregon resident…

Thank you for the opportunity to speak to you today.1 There has been a lot of discussion of late about reducing the size of the balance sheet of the Federal Reserve to reduce our “footprint” in the financial system. I think it is important to frame the discussion, first by being clear about the nature…

Attorneys delivered closing arguments in the Musk v. Altman trial on Thursday in a final attempt to convince a judge and jury that their respective clients, Elon Musk and Sam Altman, are the most well-intentioned, truth-telling stewards of OpenAI’s founding nonprofit mission. A judgement could be delivered as soon as next week, ending a decade-long…

Cerebras Systems (CBRS 10.08%) just pulled off the biggest U.S. tech initial public offering (IPO) since Snowflake made its debut in 2020. The artificial intelligence (AI) chipmaker priced its shares at $185 on Wednesday evening, above its already-raised range of $150 to $160. The deal raised $5.55 billion and valued the company at about $56.4…

Traders work during the Hawkeye 360 Inc. initial public offering (IPO) at the New York Stock Exchange (NYSE) in New York, US, on Thursday, May 7, 2026. Michael Nagle | Bloomberg | Getty Images Stocks fell on Friday, bogged down by losses in technology stocks and a rise in U.S. Treasury yields, after a summit…

New York —  Nearly a year after Trump Mobile started taking $100 deposits and a few days after its website updated to say delivery was “conditional,” the gold-plated Trump Phone will begin shipping this week, the company announced. The $499 Trump Phone, officially known as the Trump Mobile T1 and strongly resembling a Chinese phone that…

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In this article TM F GM TM Follow your favorite stocksCREATE FREE ACCOUNT The exterior of a BYD electric vehicle showroom, operated by Schiller Auto, in Budapest, Hungary, on May 27, 2024. Bloomberg | Bloomberg | Getty Images As President Donald Trump meets Chinese President Xi Jinping this week, lawmakers in both parties are warning…

Unfortunately, Musk v. Altman jurors didn’t get to see the trophy for themselves. Unfortunately, Musk v. Altman jurors didn’t get to see the trophy for themselves. May 14, 2026, 8:59 PM UTC Elizabeth Lopatto is a reporter who writes about tech, money, and human behavior. She joined The Verge in 2014 as science editor. Previously,…

On Thursday, Cerebras Systems (CBRS 10.08%) soared 68.2% in its debut on the Nasdaq stock exchange. The artificial intelligence (AI) chipmaker’s initial public offering was the largest IPO in 2026 so far. That title, however, may be lost if Elon Musk’s SpaceX goes public this year, as widely expected. Here’s what investors should know. Cerebras’…

Efforts Support Acceleration of President Trump’s Nuclear Energy Renaissance. WASHINGTON—The U.S. Department of Energy (DOE) today announced the selection of eight companies to support the near-term deployment of advanced light-water small modular reactors (SMRs) in the United States. The awardees will collectively receive more than $94 million in Federal cost-shared funding to spur additional Gen…

In this article US2Y Follow your favorite stocksCREATE FREE ACCOUNT A trader works, as a screen broadcasts a news conference by U.S. Federal Reserve Chair Jerome Powell following the Fed rate announcement, on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., April 29, 2026. Brendan McDermid | Reuters Bond…

Federal Reserve Governor Stephen Miran said he will resign from the central bank effective once incoming Chair Kevin Warsh is sworn into office, or shortly before. The move by Miran was expected given his seat on the Fed’s Board of Governors will be taken by Warsh. In a letter announcing his resignation, Miran was critical…

Transportation They’re the first of 15 new hybrid vehicles Honda plans to launch by 2030. They’re the first of 15 new hybrid vehicles Honda plans to launch by 2030. May 14, 2026, 10:46 PM UTC Stevie Bonifield is a news writer covering all things consumer tech. Stevie started out at Laptop Mag writing news and…

Long Island Rail Road service in and out of Penn Station will be suspended through the Friday morning rush due to an electrical fire. The MTA says most trains are diverted to and from Grand Central, which will remain open throughout the night. The subway will be cross-honoring LIRR tickets, officials say. News 12 is…

Stephen Miran, Federal Reserve Board of Governors member, during a television interview on the floor of the New York Stock Exchange, Nov. 10, 2025. Michael Nagle | Bloomberg | Getty Images Federal Reserve Governor Stephen Miran officially handed in his resignation letter Thursday, saying he will vacate his spot on the central bank board when…

During the past several years, tech companies across the world have slashed thousands of jobs, and now, data suggests that the current bloodbath is about to get even worse.     According to a May 12 report from Statista, which gathered data from Layoffs.fyi, a site that publicly tracks mass firings, there have already been over 100,000…

An attendee carries flyers at a City Career Fair hiring event in Sacramento, California, US, on Thursday, Feb. 27, 2025. The US Bureau of Labor Statistics is scheduled to release unemployment rate figures on March 7.  Davis Paul Morris | Bloomberg | Getty Images Chances the economy getting hit by stagflation, the bitter mix of…

The Cerebras Systems IPO was a smash hit on Thursday, generating billions for itself, its founders, and its major investors.  Among the big winners is major shareholder Benchmark, which owns 9.5% of the company. One of the firm’s general partners, Eric Vishria, has been a Cerebras board member since 2016, the year the AI chipmaker…

Molo told the jury that five witnesses under oath in the trial had called Altman a liar. He compared Altman’s track record to a rickety bridge. “If a bridge was built on Sam Altman’s reputation for telling the truth, I don’t think you’d cross that bridge,” he said. He also attacked Altman and OpenAI co-founder…

The ID. Buzz is coming back for the 2027 model year. While the electric van is set to return, Volkswagen said the ID.4 is now going on a brief hiatus. Volkswagen reveals 2027 US lineup changes After a short absence, Volkswagen announced that the electric minibus will return to its 2027 US lineup. Volkswagen confirmed…

Honda is waving the white flag. The Japanese automaker previewed two new hybrids set to launch by 2028 after taking an over $9 billion hit over its failed EV bet, leading to its biggest loss in company history. Honda turns to hybrids after EV pullback proves costly Honda admitted it was “unable to deliver products…