Kevin Warsh Fed chair confirmation plan hits snag as nomination hearing is delayed
President Trump's nomination of Kevin Warsh as Federal Reserve chair already faced a hurdle by Sen. Thom Tillis over a probe of current chair Jerome Powell.
Meta's long-awaited AI model is finally here. But can it make money?
After releasing its first major AI model in a year called Muse Spark, Meta now has to figure out how to turn it into a business.
Iran attacks on crucial Saudi pipeline and production facilities slash kingdom's oil output
The damage to Saudi infrastructure will only compound the disruption to global oil supplies trigged by Iran's attacks on tankers in the Strait of Hormuz.
China factory prices return to growth after 3 years, beating expectations on surging oil prices
China faces possible inflationary spillovers, though its massive strategic stockpiling onshore and diversified sources of energy provided some cushion.
Keir Starmer: 'I'm fed up' with Trump and Putin affecting UK energy costs
Iran has effectively closed the Strait of Hormuz in the war with the U.S. and Israel, creating an oil supply crunch and sending global energy prices soaring.
Oil edges higher as U.S.-Iran ceasefire fails to boost traffic via Strait of Hormuz
U.S. President Donald Trump on Thursday warned Iran to "stop now" if it was charging tankers to transit the Strait of Hormuz.
Alibaba leads $290 million investment for building a new kind of AI model as LLM limits emerge
Startup Shengshu plans to use the money for a "general world model," paving the way for more practical robot applications.
Melania Trump blasts claims about Jeffrey Epstein and her
The first lady acknowledged writing an email to Jeffrey Epstein's accomplice, Ghislaine Maxwell, in 2002, referencing a New York magazine profile about him.
Asia-Pacific markets rise amid worries over Strait of Hormuz staying largely closed
The West Texas Intermediate was up 0.62% at $98.48 per barrel as of 7:50 p.m. ET. Brent crude ended the session at $95.92 per barrel.
From war to weather: A 'super El Niño' event poses fresh risks to global food costs
An unusually powerful El Niño weather event could take shape later this year, exacerbating global food security fears.
Trump says Iran 'better stop now' if it's charging oil tankers fees to go through Strait of Hormuz
President Donald Trump said that Iran "better stop now" if it's charging fees to oil tankers passing through the Strait of Hormuz.
Fast Retailing shares soar to record high after the Uniqlo owner lifts profit forecast
Shares of Fast Retailing surged over 9% to a record high on Friday after the Japanese parent of Uniqlo lifted its full-year outlook.
OpenAI slams Anthropic in memo to shareholders as its leading AI rival gains momentum
OpenAI sent a memo to investors blasting chief rival Anthropic for "operating on a meaningfully smaller curve."
Cramer explains the divergence in tech stocks – and why software may continue to lag
Jim Cramer marveled at the divergent fates of technology stocks — from hardware winners like Intel to software losers like Salesforce and Adobe.
Fast food, faster charging? BYD and KFC China collaborate to offer 9-minute refueling stations
BYD announced Wednesday a partnership with KFC China to develop a network of "nine-minute" drive-thrus across the mainland.
Salesforce won't be discarded in the AI boom, but what companies want is changing
Despite the risks, many analysts at major banks remain bullish on Salesforce.
The Strait of Hormuz is not open as Iran controls access after ceasefire, UAE oil CEO says
Sultan Ahmed Al Jaber demanded a full reopening of the strait, warning that the oil supply disruption will increase if Iran maintains control of the passage.
Automatic U.S. military draft registration planned by December, filing shows
The proposed timetable for automatic military draft registration came weeks after the U.S. and Israel launched a war against Iran.
Disney plans layoffs of as many as 1,000 employees
Disney is planning a new phase of cost cutting, including as many as 1,000 layoffs, under new CEO Josh D'Amaro, according to a person familiar with the matter.
U.S. Postal Service seeks hike in price of first-class mail stamps to 82 cents in July
The USPS is facing a severe financial crisis and could run out of money early in 2027. The agency has proposed hiking stamp prices along with other measures.
OpenAI looks to take on Anthropic with $100 per month ChatGPT Pro subscriptions
The new ChatGPT plan expands access to OpenAI's AI-powered coding assistant Codex.
American Airlines makes bag fees even more expensive for basic economy tickets
American Airlines is joining Delta, United, Southwest and JetBlue in raising its checked bag fees as the industry deals with high jet fuel prices.
Inflation held sticky at 3% as U.S. headed into war with Iran, key Fed gauge shows
The gauge released Thursday offers the Federal Reserve a snapshot of conditions leading into the Iran war.
DOJ launches probe into NFL over media rights packages and antitrust concerns
The Department of Justice is raising concerns about the NFL's offerings across various platforms and affordability of consumers.