Please enable JavaScript if it is disabled in your browser or access the information through the links provided below. May 14, 2026 Stephen I. Miran submits his resignation as a member of the Federal Reserve Board, effective when or shortly before his successor on the Board is sworn in For release at 2:00 p.m. EDT…
By Lucia Mutikani WASHINGTON, May 14 (Reuters) – U.S. retail sales increased solidly for a third straight month in April, though part of the rise in receipts was due to a sharp rise in inflation since the start of the U.S.-backed war with Iran. Rising price pressures were underscored by other data on Thursday showing…
OpenAI is so frustrated with Apple over a ChatGPT integration that failed to deliver the subscribers and prominence it expected that the company is now actively exploring legal action against the iPhone maker, Bloomberg News reported Thursday, citing people familiar with the matter. According to Bloomberg, OpenAI has enlisted an outside law firm to work…
Washington — The war with Iran is forcing Americans to pay more for gasoline as people cut back on purchases of some long-lasting goods. Retail sales climbed 0.5% in April from the prior month, the Commerce Department said Thursday, down from March’s 1.6% and marking the third consecutive monthly increase. That was slightly below the 0.6%…
Technology giant Cisco is cutting nearly 4,000 jobs, or around 5% of its workforce, despite reporting better-than-expected profit and revenue in its fiscal third quarter. The networking equipment maker said it is reducing its headcount in order to change its “cost structure” and invest in AI and cybersecurity. Cisco’s decision follows a recent trend of…
A new joint venture has been proposed to pool spectrum resources and improve satellite capacity. A new joint venture has been proposed to pool spectrum resources and improve satellite capacity. May 14, 2026, 12:48 PM UTC Jess Weatherbed is a news writer focused on creative industries, computing, and internet culture. Jess started her career at…
WASHINGTON, May 14 (Reuters) – The number of Americans filing claims for unemployment benefits increased moderately last week, pointing to a stable labor market even as rising energy prices from the war with Iran drive up inflation. Initial claims for state unemployment benefits rose 12,000 to a seasonally adjusted 211,000 for the week ended May…
We’ve never seen mobile terms and conditions like this before. By Alex Perry Alex Perry Tech Reporter Alex Perry is a tech reporter at Mashable who primarily covers video games and consumer tech. Alex has spent most of the last decade reviewing games, smartphones, headphones, and laptops, and he doesn’t plan on stopping anytime soon….
A 5.5-carat triangular-cut diamond billed as the largest fancy vivid blue-green diamond known to exist sold for $17.3 million on Wednesday, Christie’s said, calling it a record price for a stone of its kind sold at auction. The “Ocean Dream,” the standout offer at the auction house’s Geneva sale of jewelry, was found in Central…
In less than three minutes, an intruder exploited a security gap at one of the nation’s busiest airports and stepped into the path of an airplane hurtling down a Colorado runway with 231 people aboard. Subscribe to read this story ad-free Get unlimited access to ad-free articles and exclusive content. The 41-year-old man slipped unnoticed…
NEW YORK (AP) — The U.S. stock market rose to more records Thursday after Cisco Systems joined the parade of U.S. companies reporting fatter profits for the start of 2026 than analysts expected. The S&P 500 climbed 0.8% to set an all-time high for a second straight day. The Dow Jones Industrial Average rose 370…
Investing.com — Wolfe Research has reiterated its bullish stance on artificial intelligence chip stocks ahead of earnings season, raising estimates on Nvidia and Broadcom while naming Nvidia its top pick despite the stock’s recent underperformance against peers. Analyst Chris Caso said cloud capital expenditure concerns that weighed on AI compute stocks earlier this year have…
WASHINGTON — The number of Americans filing for jobless aid rose last week but remains historically low despite the economic uncertainty caused by the war in Iran. U.S. applications for unemployment benefits for the the week ending May 9 rose by 12,000 to 211,000, the Labor Department reported Thursday. That’s slightly more than the 207,000…
Infleqtion reports Q1 adjusted loss, offers modest boost to full-year sales guidance Infleqtion is falling in postmarket trading after reporting a Q1 adjusted loss from operations of $13.2 million and sales of $9.5 million. Management modestly upgraded its sales guidance to “at least” $40 million for 2026, adding that language to enhance the target provided…
I took my first ride in a Chinese car recently. Not in the U.S., of course, since sky-high tariffs have made them almost impossible to import. I was visiting family in the U.K., and we rented a BYD Sealion SUV. And let me tell you: I saw immediately why American car companies are desperate to…
This article first appeared on GuruFocus. Markets are heading into Donald Trump’s meeting with Xi Jinping with major US stocks near record levels, and the next two days could become a fresh test for investors who have so far appeared calm about the risks. Nvidia (NASDAQ:NVDA) rose 1.9% Wednesday after co-founder Jensen Huang joined Trump’s…
As Meta employees brace for layoffs next Wednesday, May 20, many say the vibes are horrifically, historically low. “Everyone is unhappy; the only people who are not unhappy are, literally, executives,” says an employee who works on Instagram. The social media giant plans to cut about 10 percent of its workforce, or nearly 8,000 people,…
President Trump has declared that the main focus of the China Summit is trade, specifically unveiling big transactions for signature U.S. enterprises that swell the flow of exports toward the immense market the POTUS claims isn’t buying enough of our stuff, and Washington-Beijing accords that mark a defrosting of the icy standoff between the world’s…
May 14 (Reuters) – The U.S. has cleared around 10 Chinese firms to buy Nvidia‘s second-most powerful AI chip, the H200, but not a single delivery has been made so far, three people familiar with the matter said, leaving a major technology deal in limbo as CEO Jensen Huang seeks a breakthrough in China this…
In this article VSNT Follow your favorite stocksCREATE FREE ACCOUNT Versant Media Group on Thursday unveiled results for its most recent quarter — its first as a stand-alone company after separating from Comcast’s NBCUniversal and beginning to trade on the Nasdaq earlier this year. The report revealed continued pressure in the traditional pay TV bundle…
As the global energy landscape faces significant challenges, India’s recent rise in fuel prices underscores the far-reaching impacts of geopolitical tensions, particularly surrounding the ongoing Iran conflict. The decision to increase fuel costs not only reflects India’s reliance on imported oil but also highlights the government’s call for collective austerity measures, encouraging citizens to adopt…
The first wave of artificial intelligence (AI) undoubtedly created some millionaires, but it was pretty concentrated in a few stocks. Nvidia was far and away the biggest winner, as its graphics processing units (GPUs) became the de facto chips for AI model training. With a 90% market share, it dominated the hardware space. However, the market…
Joe Raedle/Getty Images People who are behind on their car payments aren’t the only folks who might see the repo man, they also come for leased aircraft after the carrier has gone out of business. The sudden demise of Spirit Airlines left aircraft scattered around the country after completing their final flights, reports the Wall Street Journal….
US President Donald Trump at a welcome ceremony with China’s President Xi Jinping at the Great Hall of the People in Beijing (Brendan SMIALOWSKI) · Brendan SMIALOWSKI/AFP/AFP European and US stock markets climbed Thursday with Wall Street indices notching fresh records as a tech-fueled rally rolled on while Chinese leader Xi Jinping welcomed US President…
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Cisco plans to cut about 4,000 jobs this quarter as the Silicon Valley networking giant redirects investment toward artificial intelligence, security and related growth businesses. The reductions amount to less than 5% of Cisco’s workforce, CEO Chuck Robbins told employees Wednesday in a message posted on the company’s blog. Most notifications were expected to begin…
DENVER (TNND) — The man killed by a plane at Denver International Airport after making it onto a runway and being sucked into an engine had a lengthy criminal history across several Colorado counties, arrest records show. Michael Mott, 41, was part of the “unhoused community,” according to the Colorado Springs Police Department. He was…
(Bloomberg) — Oil steadied following a meeting between US President Donald Trump and Chinese leader Xi Jinping where discussions included the war in Iran and closer oil ties between the two nations. Most Read from Bloomberg West Texas Intermediate crude was little changed to settle above $101 a barrel, while Brent closed near $106. The…
LAS VEGAS — Allegiant Air said Wednesday it has completed its purchase of Sun Country Airlines, finalizing a deal that combines two low-cost carriers at a turbulent time for the budget airline industry following the recent shutdown of rival Spirit Airlines. Las Vegas-based Allegiant said the transaction closed after receiving required regulatory and shareholder approvals….
A trader works as the Dow Jones Industrial Average surpasses the 50,000 mark on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., Feb. 6, 2026. Brendan McDermid | Reuters Dow, year-to-date Shares of Cisco surged 13% after the software giant posted third-quarter results and guidance that beat Wall Street’s…
Moneywise and Yahoo Finance LLC may earn commission or revenue through links in the content below. Social Security benefits look poised for a so-called “Trump Bump” in 2027. If that sounds like good news, it isn’t. In fact, some could call it a symptom of President Donald Trump’s failed economic policy and geopolitical misadventures. That’s…
By Akash Sriram May 13 (Reuters) – Trump Mobile said on Wednesday it has begun shipping its long-delayed $499 T1 smartphones to customers, several months after the gold-colored device was originally slated for release in August. The mobile venture, launched in June last year by the Trump Organization under a trademark licensing arrangement, had pushed…
Leisure airlines Allegiant Air and Sun Country Airlines are now one — though each brand will live on. Travelers can expect little immediate change following the roughly $1.5 billion merger that closed Wednesday. Both the Allegiant and Sun Country brands will continue to operate separately, including their Allegiant Allways Rewards and Sun Country Rewards loyalty…