OpenAI trial live updates: Musk takes the stand again after heated cross-examination
Elon Musk sued OpenAI, Sam Altman and Greg Brockman in 2024, claiming they reneged on their promise to keep the artificial intelligence lab a nonprofit.
Meta tanks 10%, Alphabet climbs 5% as each company raises capex spend
Both Alphabet and Meta said they expect their capex to continue growing this year, but investors sent Alphabet’s shares up, while Meta’s stock slid.
Gemini sets sights on derivatives expansion after winning key U.S. regulatory approval
Exchanges are leaning into products like event contracts and futures as a way to stabilize revenue that otherwise swings with crypto prices.
Core inflation rate hit 3.2% in March; GDP grew 2% in first quarter; jobless claims lowest since 1969
Post Content
Trump said his blockade would cause Iran’s oil industry to ‘explode’ this week. Why that won’t happen
The U.S. and Iran are locked in a standoff that will only break when one side decides it can no longer tolerate the pain. Who will move is unclear.
Meta Platforms gets a downgrade from JPMorgan on massive AI spending forecast
Meta Platform faces a “challenging path” to capitalizing on its costly artificial intelligence as competition in the space heats up, according to JPMorgan.
Merck beats quarterly estimates on strength of Keytruda and new products, narrows outlook
Merck narrowed its 2026 sales guidance and hiked its adjusted profit outlook.
Eli Lilly blows past quarterly estimates, hikes outlook as Zepbound and Mounjaro sales skyrocket
Lilly hiked its full-year sales outlook by $2 billion, and also raised its adjusted profit guidance.
S&P 500 futures fall after ‘Mag 7’ titans Alphabet, Amazon report earnings: Live updates
Investors digested the latest quarterly reports from Amazon, Alphabet and other Magnificent Seven giants.
Euro zone inflation jumps to 3% as economic growth almost stalls
Inflation jumped in April while the euro zone economy expanded a meager 0.1% in the first quarter of the year, data showed on Thursday.