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Do you need a chief AI officer? Here's how the tech is changing boardrooms
In a recent report, IBM found that 76% of companies were appointing chief AI officers to oversee artificial intelligence transformations. The report also found that most respondents expected the influ...
China Factory-Gate Prices Rise for Second Straight Month
China's factory-gate inflation gathered momentum in April, fueled by geopolitical tensions in the Middle East that kept energy costs elevated and cemented the end of a nearly four-year deflationary cy...
Private Credit's Hot Streak Is Over
The decline in returns is due to the Federal Reserve's rate cuts and rising defaults on their loans, firms say.
China consumer, wholesale inflation tops estimates in April as Iran war drives energy costs higher
Consumer prices ticked up 1.2% in April from a year earlier, beating economists' estimate of 0.9% growth. The producer price index jumped 2.8% from a year ago, exceeding economists' forecast of 1.6% a...
Nintendo shares slump as price hikes, games shortfall spook market
Nintendo's shares fell 8% in Tokyo on Monday after the company hiked Switch 2 prices and as the market frets over a lack of high-profile games to build momentum.
How a Job at OpenAI Became the Greatest Lottery Ticket of the AI Boom
Employees waited two years to sell their shares. Then, the company let them unload $30 million.
Apollo in talks to sell $3 billion private credit fund, WSJ reports
Apollo Global Management has held talks to sell MidCap Financial Investment , its publicly listed business development company focused on private credit, the Wall Street Journal reported on Sunday, ...
Apollo Holds Talks to Sell $3 Billion Private Credit Fund
Apollo's publicly listed BDC, MidCap Financial Investment Corp., reported a $61 million loss last week.
Whoop Adds Clinical Consultations to Fitness Tracker
Fitness tracking company Whoop has rolled out a series of health/AI-driven features. Among the changes, the company said in its announcement Friday (May 8), is Whoop's entry into the clinical health s...
Nike Customers Sue to Recover Tariff-Related Refunds
Nike customers have reportedly sued the sneaker giant to recover tariff-related refunds. The proposed class action lawsuit accuses Nike of not refunding the costs it passed onto consumers in higher pr...
Alibaba Aims to Integrate AI Platform and eCommerce Marketplace
Chinese conglomerate Alibaba is reportedly planning to integrate its Qwen artificial intelligence platform and online marketplace Taobao. This move is aimed at promoting eCommerce through conversation...
Oil jumps as US and Iran fail to reach agreement on peace proposal
Oil prices jumped $3 a barrel on Monday as the United States and Iran failed to agree to a peace proposal drafted by Washington while the Strait of Hormuz remained largely closed, keeping glo...
IG Metall union criticises Thyssenkrupp plan to spin off MX unit
Germany's IG Metall union on Monday lashed out at management of Thyssenkrupp for plans to change the legal form of the group's Materials Services (MX) division as part of efforts to divest it.
Exclusive: Cerebras to raise IPO price range to $150-$160 as demand surges, sources say
Cerebras Systems is set to raise the size and price of its initial public offering as soon as Monday, as demand for the artificial intelligence chipmaker's shares continues to climb, two people famil...
eBike Startup Lime Files for $2 Billion IPO
Uber-backed eMobility company Lime is planning to go public. Lime parent Neutron Holdings filed paperwork with the Securities and Exchange Commission (SEC) Friday (May 8) for its initial public offeri...
Anthropic says ‘evil' portrayals of AI were responsible for Claude's blackmail attempts
Fictional portrayals of artificial intelligence can have a real effect on AI models, according to Anthropic.
What The Latest Media Earnings Blitz Reveals About Hollywood's Future
If there was a common message to be found in the flood of entertainment media company earnings reports over the last several days, one could argue it's that Hollywood appears to finally be done chasin...
AI, Obesity Drugs, and Diagnostics Fuel Healthcare Growth
Healthcare is regaining momentum as innovation—especially AI‑driven drug discovery—creates new growth opportunities, according to Shivani Vohra. She points to obesity treatments from Eli Lilly (LLY) a...
Uber has always wanted to be more than a ride; now it has reason to hurry
For years, Uber talked about becoming a super app. Then Waymo started picking up passengers in San Francisco, and the conversation grew more urgent.
Inflation Readings, Cisco and AMAT Earnings, and More to Watch This Week
Nine S&P 500 companies report results. Plus, CPI and a potential presidential trip to China.
Cloudflare CEO says Cloudflare is not a great name, but that it's better than his original idea
Cloudflare CEO Matthew Prince doesn't love his company's name. Cloudflare is often mispronounced and misspelled, but he said it's better than his original idea.
We're feeling cynical about xAI's big deal with Anthropic
Anthropic and xAI announced a big partnership this week, with Anthropic buying all the compute capacity at xAI's Colossus 1 data center in Tennessee.
Why Target Is Betting Big On Babies
Target has lost customers, sales and part of its reputation as a fun and trendy retailer since its 2021 peak. The company is now trying to win back shoppers and gain market share by focusing on baby p...
A Blunt Judge and Two Star Litigators: The Legal Players in Musk's OpenAI Suit
The trial features a jurist known for straight talk and lawyers who have worked on milestone cases.
Microsoft's African data center falters on payment demands, Bloomberg News reports
A Microsoft data center site in East Africa has been delayed by disagreements with the Kenyan government over the company's request for guaranteed payments, Bloomberg News reported on Sunday citin...
India's Grids Must Now Be Smart Enough For Clean Power
In Rajasthan, India's largest state, the energy transition is no longer just about how many solar panels rise from the desert. It is a fundamental stress test of whether a legacy grid can evolve to ha...
With Netflix new ad-free standard plan at $20, streaming's tipping point into old TV is getting closer
The Netflix price hike on its standard ad-free plan to $19.99 is a sign that the economics of streaming are nearing a tipping point. Streaming services are increasingly valuing subscribers based on h...
Meet the YouTube whisperers, a booming class of advisors behind MrBeast and other million-dollar channels
With thousands of YouTube creators relying on the platform for income, many are turning to strategists as essential advisors on how to keep videos viral. Sports YouTube creator Jesser credits strategi...
Health Insurers Performing Better But There's Potential Trouble Ahead
Health insurance companies including UnitedHealthcare, CVS Health's Aetna, Centene and Blue Cross and Blue Shield plans owned by Elevance Health are seeing lower costs from patients submitting claims.
Intel's Apple-Polished Comeback
Plus, the hearing-walking correlation, Greg Brockman's diary, Anthropic's ‘Perfect Wingman' and code-whispering.
Advisers urge JP Morgan investors to vote to split chair and CEO positions
SS and Glass Lewis back shareholder resolution amid fears over power wielded by Jamie Dimon, who holds both roles
Alphabet's 160% rally in a year reflects value of owning 'most of the stack' in AI
Alphabet briefly surpassed Nvidia by market cap in after-hours trading this week. Wall Street is increasingly bullish on the company's ability to win in AI at various levels, whether it's in the battl...
Target is trying to win back busy families from Walmart, starting with the baby aisle
Target is trying to woo new parents and win back lapsed customers starting with the baby aisle. This spring, the big-box retailer has opened "baby boutiques" in about 200 stores, which include popular...
Top Wall Street analysts recommend these 3 dividend stocks for stable income
Dividend-paying stocks can help cushion downside risk while offering consistent returns.
Armani could split 15% stake among L'Oreal, LVMH, EssilorLuxottica, report says
Italian fashion house Giorgio Armani is considering selling its 15% stake in three equal parts following the designer's death, potentially bringing in three buyers he had selected as shareholders, a...
Costco is a big winner of the gas price chaos
Average gas prices above $4.50 a gallon are prompting more drivers to fill up at warehouse clubs like Costco. The company saw a 3% boost in comparable fuel sales last month.
IMAX Has a Front-Row Seat to the Box Office Recovery
Studios are refocusing on theatrical distribution, and premium screens are key for the payoff.
Aramco CEO warns 1 billion barrels lost will slow oil market recovery
The world has lost about 1 billion barrels of oil over the past two months and energy markets will take time to stabilise even if flows resume, Saudi Aramco's CEO said on Sunday, as shipping disrup...
How Waymo's Driverless Strategy Compares to Tesla's
Srikanth Thirumalai, vice president of onboard software at Waymo, explains the company's full-stack approach drive simulator, its safety-critique, and how it stacks up against Tesla's strategy. He spe...
How Waymo Builds Self-Driving Cars
Srikanth Thirumalai, vice president of onboard software at Waymo, breaks down the company's approach to autonomous cars. He speaks to Bloomberg's Tom Mackenzie.
A British Bookseller Rebuilds Barnes & Noble for a New Era
Chief Executive James Daunt is unsentimental about books as he wrings out expenses ahead of a potential IPO.
Alibaba to integrate Qwen AI with Taobao, launch agentic shopping, source says
Alibaba is preparing to unveil the integration of its AI platform Qwen and online marketplace Taobao, a move that seeks to drive shopping with conversations rather than keyword searches, according t...
GM agrees to pay $12.75M in California driver privacy settlement
General Motors has reached a privacy-related settlement with a group of law enforcement agencies led by California Attorney General Rob Bonta.
MSFT's Place in a Shifting AI Landscape
Microsoft (MSFT) is standing out as a defensive AI leader, leveraging its enterprise scale and infrastructure investments to stay competitive, according to Jed Ellerbroek. He highlights strong Azure g...
Tech Corner: AMD All-Time High on AI Growth
AMD Inc. (AMD) shares skyrocketed to new heights as the AI chipmaker surpassed earnings expectations in its latest report. George Tsilis goes under the hood and provides his insights on the print.
What I saw at the Musk-OpenAI trial: petty billionaires, protests and a stern judge
Showdown between Musk and Altman has rendered the world's most wealthy comical under egalitarian eye of court
For Palantir, AI Is a Product, a Punching Bag—and a Problem
As Chief Executive Alex Karp derides “slop,” investors and some employees see a real threat of the company ceding business to AI models.
Analysts see 200%+ upside in these 3 high-risk stocks: here's why?
Some of Wall Street's biggest upside calls are not sitting in the mega-cap names. They are hiding in small, volatile stocks with thin balance sheets, limited operating history and one big event ahead.
OUST CEO on Future of Robotics, Autonomous Driving
Ouster (OUST) is pushing to become a core player in robotics with next‑gen LiDAR that combines depth and color on a single chip. CEO Angus Pacala highlights steady growth, new sensor innovation, and e...
Nvidia owns the AI story, so why is AMD beating it on returns?
At the start of 2026, most investors would have confidently picked Nvidia stock as most likely to lead the market. Jensen Huang still owns the AI stage, Nvidia (NASDAQ: NVDA) remains the default name ...
Nvidia has already committed $40B to equity AI deals this year
Nvidia continues to be a major investor in the AI ecosystem, committing more than $40 billion to equity investments in AI companies — and that's just in these early months of 2026, according to CNBC.
Uber and DoorDash bet on higher earners. It's paying off big.
Uber, DoorDash, and Instacart targeted high-income consumers — and boosted their quarterly earnings. Their latest offerings, from hotel booking to coffees in an Uber Black, take aim at affluent users.
The Iran war will change global energy markets in these important ways, oil executives say
Governments will prioritize energy security, aiming to diversify their supplies, leading oil executives said. Investments in oil exploration and production will increase, they said.
These 4 software stocks are pulling out of SaaSpocalypse now
SaaSpocalypse – a fear-driven sell-off where investors worried artificial intelligence (AI) would cannibalize traditional software-as-a-service providers – is finally hitting a wall. While the iShares...
Oil majors post mixed Q1 as Iran war distorts profits, product flows
The world's biggest oil companies delivered a turbulent set of first‑quarter earnings, underscoring how the war in Iran and the closure of the Strait of Hormuz have distorted both profits and physical...
The most prestigious job in AI has no description
Everyone from Anthropic to tiny startups is hiring for the “member of technical staff” — but does anyone know what it means?
Greg Abel knows Berkshire cold, but some miss the Buffett magic
Greg Abel is getting decent, if not spectacular, reviews for leading his first annual shareholders meeting as CEO.
Why one of the nation's largest auto lenders isn't worried about high vehicle prices or 'forever loans'
The head of Capital One Auto, one of the nation's largest auto finance lenders, told CNBC he isn't overly concerned about rising consumer automotive debt and inflated used car prices leading to so-cal...
Nvidia embraces role of AI investor, pushing past $40 billion in equity bets this year
This week Nvidia agreed to invest up to $3.2 billion in glass maker Corning and $2.1 billion in data center operator IREN. It's part of the company's aggressive strategy to take stakes in companies up...
Anthropic pins Claude's blackmail behavior on the internet's portrayal of 'evil' AI
Anthropic has blamed internet portrayals of AI for Claude's blackmail behavior in experiments last year. Anthropic previously found that AI models could resort to blackmail when threatened with shutdo...
From Blackstone to Blue Owl, here's how the biggest investors are chasing a $900 billion data center opportunity
There's a potential $900 billion opportunity for third-party data center investors, says Ares exec. AI bets were a theme of this year's earnings season across private equity and credit.
What the Musk-Altman courtroom clash reveals about two of the most powerful men in Silicon Valley
Elon Musk's ongoing courtroom battle against Sam Altman has unearthed new details about both men. Testimony has painted vivid portraits of their leadership styles and personal lives.
Who is Louis Mosley, the man tasked with defending Palantir against its critics?
The company's UK and Europe boss has become a lightning rod for the British public's fear of a US tech takeover
Ryan Cohen tells us why he's serious about buying eBay — and what he thinks about his viral CNBC interview
GameStop CEO Ryan Cohen said he will continue doing whatever it takes to buy eBay. CNBC's skeptical interviewers "misunderstood" his deal math in his now-viral "Squawk Box" appearance, he said.
A Frontier Airlines flight reported it struck a pedestrian at Denver International Airport
A Frontier Airlines flight reported it struck a person at Denver International on Friday, the airport said. Denver International added that a "brief engine fire" was extinguished by firefighters at th...
Figure AI's robots can make a bed faster than you
Figure AI released a video of two humanoid robots making a bed together. CEO Brett Adcock is working toward "building a new species" that can reproduce and share knowledge.
Frontier Airlines plane suffers engine fire, reportedly hits pedestrian in Denver
A Frontier Airlines passenger jet abandoned its take-off for Los Angeles late on Friday after suffering an engine fire and reportedly striking a pedestrian on the runway at Denver International Ai...
Oral Ozempic and Wegovy pills now available for same-day delivery on Amazon
"This has been the best product launch in the last decade that we have seen."
Whisky business: Investors pin hopes on Trump's Scotch tariff reversal after dire three years
President Trump's decision to ditch Scotch whisky tariffs could boost the premium Scotch market - including the niche world of cask investing. Secondary market data indicates values of high-end whisky...
'EXPECTING RECORD DEMAND': Airbnb CEO on FIFA World Cup bookings
Airbnb co-founder and CEO Brian Chesky reveals what spectators are looking for amid bookings on 'The Claman Countdown.
North Atlantic Titanium Corporate Update
Vancouver, British Columbia – TheNewswire - May 8, 2026 – North Atlantic Titanium Corp. (CSE:NATO) (OTC: NATQF) (FSE:Y33) (" North Atlantic Titanium " or the “ Company ”), is pleased to announce that ...
Carrier Connect Data Solutions Inc. Completes Acquisition of Network Connectivity and Delivery Assets from Morewave Communication and Engages Capital Analytica for Marketing Services
VANCOUVER, British Columbia – TheNewswire - May 8 , 2026 – Carrier Connect Data Solutions Inc. (TSX.V: CCDS; OTCQB: CCDSF; WKN: A40XB1) (the “Company” or “Carrier”) is pleased to announce that it has ...
US concerned by Taiwan defence delay 'concession' to China
Further delays to Taiwan military spending are a "concession" to China, the U.S. State Department said, as Taipei's defence ministry detailed the impact of projects excluded from a package passed by...
Lumentum's fiery stock rally earns it a spot in this hot index
Lumentum's stock performance ranks sixth in the S&P 500 this year. Now the optical company is set to join the Nasdaq 100.
The Secret Diary That Has Spilled Into the Musk vs. OpenAI Feud
The personal journal of OpenAI president Greg Brockman is now a character in the company's battle with the world's richest man—and the most human part of a trial between tech billionaires
Nike becomes latest retailer sued by customers for not refunding tariff costs
Consumers said Nike raised prices on some footwear by $5 to $10 and some apparel by $2 to $10 to offset the costs.
The American consumer is unbelievably resilient, says Affirm CEO
Affirm CEO Max Levchin joins 'Mad Money' host Jim Cramer to talk quarterly results, the state of the U.S. consumer, and more.
General Motors to pay $12.75m settlement for selling drivers' location and data
Automaker had given ‘numerous statements reassuring drivers that it would not do so', says California attorney general
DraftKings Bets on Exchange-Style Expansion As Sportsbook Sector Matures
Customer acquisition at scale is no longer the name of the online sports betting game. According to executives on DraftKings' Friday (May 8) first-quarter 2026 earnings call, competition is increasing...
Vault Announces Acquisition Of U.S. Historical Mirage-Mariposa Tungsten Mine Within The Gray Eagle Project
Vancouver, British Columbia - May 8, 2026 – TheNewswire - Vault Strategic Mining Corp. (TSXV: KNOX) (OTC: KNXFF) (FSE: M850) (WKN:A41WE4) ("Vault" or the "Company") announces that it has entered into...
Laid-off Oracle workers tried to negotiate better severance. Oracle said no.
As was widely reported, Oracle axed an estimated 20,000 to 30,000 people via email on March 31.
Burger King's president says the chain improved its Whopper — and calls from customers helped
Burger King President Tom Curtis said customer feedback has been central to the chain's turnaround, helping drive changes to the Whopper, restaurant upgrades, and family-focused initiatives that are b...
Bulls in control on Wall Street and Main Street after gold's solid showing, with inflation, retail sales, and Warsh vote on deck
Ernest Hoffman is a Crypto and Market Reporter for Kitco News. He has over 15 years of experience as a writer, editor, broadcaster and producer for media, educational and cultural organizations.
Boeing probing worker death as union calls for accountability
Boeing said on Friday it was continuing to investigate a workplace accident that led to the death of an employee last month, after a union called for full accountability over the incident.