The proposed settlement in a class action lawsuit will get some cash back to people who bought the iPhone 16 lineup and the iPhone 15 Pro. The proposed settlement in a class action lawsuit will get some cash back to people who bought the iPhone 16 lineup and the iPhone 15 Pro. May 5, 2026,…
CNBC’s Jim Cramer said the data center and artificial intelligence boom is becoming all-consuming, spreading far beyond the tech companies and into nearly every corner of the market . “AI is inexorable. It is fierce. And it is making believers fortunes,” the ” Mad Money ” host said Tuesday after all three major indexes closed…
Coinbase CEO Brian Armstrong is adapting the company for the AI age, cutting 14% of employees and reimagining its org chart to bring the company back to its startup roots. Armstrong said the layoffs, which could affect just under 700 employees based on Coinbase’s last employee count, are partly due to a crypto downturn. Yet…
Middle managers are cracking the whip on AI Disney employees can use AI and earn Snapchat-style streaks — or risk hearing from their boss Disney has decided to keep ESPN Read Amazon’s 6 internal tenets for AI adoption: ‘Cutting edge, not bleeding edge’ Business Insider tells the innovative stories you want to know Business Insider…
The abrupt shutdown of Spirit Airlines over the weekend has turned an entire terminal at LaGuardia Airport into a ghost town. Just last Friday, the airport’s tiny but mighty Marine Air Terminal was abuzz with Spirit Airlines passengers. The low-cost airline held the lease at all six of the gates at the landmarked terminal, which…
Last year, US President Donald Trump signed a string of executive orders that formed the basis of his administration’s “AI Action Plan”, which he said would “remove red tape and onerous regulation” around AI development and ensure that the US will “win” through advancements and control of the technology.
NEW YORK (AP) — The price of a gallon of regular gasoline climbed 31 cents in the past week, spiking to an average of $4.48 per gallon Tuesday, according to AAA, hitting the wallets of drivers after rising 50% since the war with Iran began. The main reason drivers are paying more at the pump…
USC Trustee Mark Stevens is known for investing early in the people, ideas and businesses that go on to transform the world. As a partner at Sequoia Capital, he made early-stage investments in Google, Yahoo, YouTube and NVIDIA that landed him on Forbes’ Midas List. Now, Stevens (BS/BA ’81, MS ’84) and his wife, Mary,…
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In a new legal battle in the AI space, Meta and CEO Mark Zuckerberg have been sued by five publishers and author Scott Turow, who allege the tech company illegally copied millions of books, articles and other works to train Meta’s artificial-intelligence systems. “In their effort to win the AI ‘arms race’ and build a…
SANTA CLARA, Calif., May 05, 2026 (GLOBE NEWSWIRE) — AMD (NASDAQ:AMD) today announced financial results for the first quarter of 2026. First quarter revenue was $10.3 billion, gross margin was 53%, operating income was $1.5 billion, net income was $1.4 billion and diluted earnings per share was $0.84. On a non-GAAP(*) basis, gross margin was…
An artificial intelligence company poses a threat to “vulnerable Pennsylvanians,” state officials said Tuesday, after one of the company’s chatbots was accused of posing as a doctor with the means to prescribe medication. Subscribe to read this story ad-free Get unlimited access to ad-free articles and exclusive content. The state’s medical board is demanding that…
NEW YORK, May 5 (Reuters) – Artificial-intelligence lab Anthropic is diving deeper into the financial services industry, releasing software on Tuesday that can speed up myriad tasks for banks, insurers and other companies. Timed to an event Anthropic is hosting in New York, the startup launched 10 financially focused agents, or AI programs that carry…
In this article COIN Follow your favorite stocksCREATE FREE ACCOUNT Lionel Bonaventure | Afp | Getty Images Coinbase became the latest tech company to announce a round of layoffs Tuesday morning, blaming artificial intelligence for altering the company’s operations. Prediction markets traders think the fintech company is yet another sign of what’s to come among…
Employees at Google DeepMind in London have voted to unionize as part of a bid to block the AI lab from providing its technology to the US and Israeli militaries. In a letter addressed to Google’s managing director for the UK and Ireland, Debbie Weinstein, the workers asked the company to recognize the Communication Workers…
WASHINGTON — Today, the Center for AI Standards and Innovation (CAISI) at the Department of Commerce’s National Institute of Standards and Technology announced new agreements with Google DeepMind, Microsoft and xAI. Through these expanded industry collaborations, CAISI will conduct pre-deployment evaluations and targeted research to better assess frontier AI capabilities and advance the state of…
A version of this article first appeared in the CNBC Property Play newsletter with Diana Olick. Property Play covers new and evolving opportunities for the real estate investor, from individuals to venture capitalists, private equity funds, family offices, institutional investors and large public companies. Sign up to receive future editions, straight to your inbox. Even…
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U.S. Food and Drug Administration Commissioner Marty Makary defended himself in a CNBC interview aired Tuesday after months of pressure over recent drug rejections. The relentless heat reached a new fever pitch this week with a report from Bloomberg News detailing “paranoia, turmoil and backlash” at the agency under Makary’s tenure. An opinion piece from…
California is investigating one of the Trump administration’s deals to end an offshore wind project. Golden State Wind was a floating offshore wind project proposed off California’s central coast. The California Energy Commission said Monday it issued an administrative subpoena to Golden State Wind. The commission said it is seeking documents and information about the…
Updated May 5, 2026, 4:04 p.m. ET Giving is expected during the great wealth transfer, but some families are discovering after they rushed to give away their assets to save on taxes that they may have gotten the timing wrong, some financial analysts said. Many families in 2024 and 2025 rushed to their accountants, advisers…
Palantir (PLTR) stock fell 7% on Tuesday after the company’s Q1 earnings failed to impress investors amid concerns about how AI may disrupt the software space. The company’s revenue jumped 85% in the first three months of this year to $1.63 billion, beating the consensus estimate of $1.53 billion. The majority of that revenue, or…
In this article COIN HOOD GEMI Follow your favorite stocksCREATE FREE ACCOUNT Coinbase CEO Brian Armstrong said Tuesday that the company will cut roughly 14% of its workforce, or about 700 employees, citing a combination of market volatility and AI quickly changing how the company operates. The move comes ahead of Coinbase’s first-quarter earnings, which…
In this article RACE RACE Follow your favorite stocksCREATE FREE ACCOUNT Ferrari technicians inspect supercars on the production line inside the company’s factory in Maranello, Italy, October 2, 2025. REUTERS/Remo Casilli/File Photo Remo Casilli | Reuters DETROIT — Ferrari on Tuesday beat Wall Street’s first-quarter earnings expectations and reconfirmed its guidance for the year, weeks…
Doris Fisher, the San Francisco businesswoman and philanthropist who cofounded Gap Inc. and coined the name that would become one of the most recognizable brands in American fashion, has died. She was 94. Her death was announced Sunday by family to friends in an email, which was obtained by The Standard. Sources close to the…
NEW YORK (AP) — The U.S. stock market rose to records Tuesday after oil prices eased and companies kept reporting bigger profits for the start of the year than analysts expected. The S&P 500 climbed 0.8% to top its prior all-time high set at the end of last week. The Dow Jones Industrial Average added…
Australia’s central bank on Tuesday raised its policy rate to 4.35%, matching its December 2024 peak, as inflation remains elevated. The move by the Reserve Bank of Australia was in line with expectations in a Reuters poll of economists and marked its third consecutive rate increase. Eight members of the board voted for the hike,…
Insiders say the White House’s AI policy is taking a different turn. By Chase DiBenedetto Chase DiBenedetto Social Good Reporter Chase joined Mashable’s Social Good team in 2020, covering online stories about digital activism, climate justice, accessibility, and media representation. Her work also captures how these conversations manifest in politics, popular culture, and fandom. Sometimes…
Delta Air Lines has canceled hundreds of flights this weekend while rivals largely kept flying, and the issue appears to be more than weather. Does this foreshadow a summer of misery for Delta passengers? Delta Air Lines has canceled hundreds of flights over the last several days, with the carrier blaming weather internally even as…
Photo: Cordelio Power The Trump administration has effectively frozen 165 new onshore wind farm developments in the US, leaving the projects on private land in limbo, the Financial Times reported yesterday. Combined, they represent around 30 gigawatts of electric generating capacity. The Financial Times, citing the American Clean Power Association and other sources, reports that…