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…
In the wake of crucial primary elections in Indiana and Ohio, the political landscape of the United States is being reshaped as candidates prepare for the forthcoming midterm elections in November. These elections not only highlight the intense competition for control of the Senate but also reflect the enduring influence of former President Donald Trump…
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…
The United Nations has taken a firm stance in the ongoing conflict regarding Gaza, calling for the immediate release of two activists detained by Israel during a maritime mission aimed at delivering aid to the besieged region. This call from the UN highlights the broader narratives surrounding humanitarian efforts and international principles of justice, as…
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…
LOS ANGELES (KABC) — Insurance giant State Farm may temporarily lose its California license after an investigation found it violated the law in its handling of claims from the 2025 wildfires. An investigation found the insurance company was slow to investigate and underpaid claims from the Eaton and Palisades fires, regulators announced on Monday. If…
Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., May 5, 2026. Brendan McDermid | Reuters U.S. stocks were higher on Tuesday, while oil prices slid as traders reacted to a number of solid earnings results. The S&P 500 rose 0.81%, hitting a new all-time high and…
In this article @LCO.1 @CL.1 Follow your favorite stocksCREATE FREE ACCOUNT Oil prices fell Tuesday after Defense Secretary Pete Hegseth said the U.S. ceasefire with Iran remained in place, easing fears that the region would return to full-scale war after attacks on the United Arab Emirates this week. International benchmark Brent crude futures fell about 4%…
“Amazon is bringing the infrastructure, intelligence, and scale of its supply chain services—proven over decades—to businesses everywhere, much like Amazon Web Services did for cloud computing,” said Peter Larsen, vice president of Amazon Supply Chain Services. “Supply chain wasn’t just a function at Amazon—it was core to providing an exceptional shopping experience. Our differentiator. The…
In summary The Insurance Department found hundreds of violations by State Farm and calls for millions of dollars in penalties and a possible suspension. Welcome to CalMatters, the only nonprofit newsroom devoted solely to covering issues that affect all Californians. Sign up for WhatMatters to receive the latest news and commentary on the most important issues in…
The co-founder of Gap was known for coining the brand’s name and quietly shaping its image. Courtesy of Gap Inc. Doris Fisher, co-founder of the iconic clothing retailer Gap, which opened its first store on Ocean Avenue in 1969, died over the weekend in San Francisco surrounded by her family, according to a news release from…
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The recent political turmoil in Romania has underscored the shifting dynamics of European politics, revealing the fragile alliances that can quickly unravel in the face of dissent. The collapse of Prime Minister Ilie Bolojan’s pro-European Union coalition not only signifies a pivotal moment for Romania but also highlights the growing influence of far-right factions within…
In a significant development on international maritime security, President Donald Trump has announced a temporary pause to the U.S. military operation known as “Project Freedom,” which assists vessels navigating the crucial Strait of Hormuz. The decision came in response to a request from Pakistan and ongoing diplomatic progress toward solidifying a deal with Iran, reflecting…