Kuwait air defenses activated against 'missile and drone threats'; U.S. carries out new strikes in Iran
This comes as tensions in the Middle East escalated once again, with the U.S. military carrying out new strikes overnight in Iran.
Fed’s Kashkari says inflation fight takes priority as labor market is 'in decent shape'
The Minneapolis Fed President warned that persistently high inflation risks becoming embedded in consumer expectations, potentially forcing tougher policy action later.
Energy inflation has been more persistent than expected: Fed's Goolsbee
While oil prices have recently fallen on news that a peace deal between the U.S. and Iran could come, prices are still significantly higher than before the war.
Oil jumps 3% after Iran says it targeted U.S. airbase following fresh American strikes
Oil prices rose on Thursday after fresh U.S. strikes in Iran renewed concerns over disruptions to commercial shipping through the Strait of Hormuz.
Snowflake rockets 36% on earnings beat and plan to spend $6 billion on Amazon cloud
Snowflake is going deeper with Amazon's Web Services, and plans to use its Arm-based Graviton chips.
Google employee charged with $1M Polymarket insider trading bet on search term
The complaint from the Southern District of New York comes just over a month after another insider trading case on Polymarket.
Nio surges 9% after releasing first flagship EV in more than two years
Chinese electric car company Nio has launched two lower-priced brands in the last two years to broaden its customer base in a sluggish Chinese consumer market.
Low-income households face ‘remarkable’ rise in food insecurity in K-shaped economy: New York Fed
The rising threat of food insecurity is partly why Americans feel worse off than ever before, according to research by the Federal Reserve Bank of New York.
Mortgage refinance demand drops 18% as rates hit highest level since August
Mortgage rates rose to the highest level in nine months, hitting refinance demand hardest. Homebuyers also pulled back but were still more active than last year.
Meta to start testing AI subscription services, with cheapest plan at $7.99 a month
Meta confirmed Wednesday that it will begin testing two subscription plans for its AI offerings.
Former CIA chief Petraeus says drone swarms are the next danger — and growth opportunity
Unmanned systems will be one of the biggest security threats and structural growth opportunities in defense over the next decade: David Petraeus
Middle East tensions rattle Asia markets after fresh U.S. strikes in Iran
Asia-Pacific markets fell Thursday while oil prices surged after fresh U.S. strikes in Iran heightened fears of a wider Middle East conflict.
Inside India newsletter: Iran war disruptions, Modi's appeal to boost India's hospitality sector
Indian Prime Minister Narendra Modi's appeal to curb foreign travel is proving to be a boon to the local travel industry.
Mark Zuckerberg says a Meta cloud computing business 'definitely on the table'
Meta CEO Mark Zuckerberg said his company could enter the cloud computing market if it overspends on data centers and has excess capacity.
Trump's IRS case should be reopened so court can probe possible 'fraud,' ex-judges argue
Reopening the Trump-IRS case "will allow the Court to commence an inquiry into whether the Court was deceived," the ex-judges wrote.
Salesforce's beat fails to convince the market that software can survive AI
Salesforce is doing everything it can to signal to the market that this year's sell-off is unwarranted.
Here’s our monthly update on all 33 portfolio stocks, including 4 to buy right now
AI stocks aren't the only place to put money to work, Jim Cramer said at the Investing Club's May Monthly Meeting.
Zscaler tanks 31% for worst day ever on 'prudent' guidance, sales shakeup
Zscaler has shed half its value over the last year.
Salesforce beats on earnings and revenue but full-year guidance comes in light
Salesforce has been hammered by investors on concern that artificial intelligence models and services will disrupt some traditional software products.
Amazon's top health exec is stepping down, will be replaced by Amwell co-founder
The company is tapping Dr. Roy Schoenberg, a cofounder of telemedicine provider Amwell, to replace Lindsay.
Prediction markets regulation proposal by CFTC eyed by White House
The CFTC has argued it has exclusive authority to regulate the growing prediction market sector rather than state-by-state regulation.
Traders are skeptical of Iran timeline for Strait of Hormuz reopening
Despite reports Iran could return the passageway to normal traffic flows within a month of a peace deal, Kalshi traders thought that was unlikely.
Oil prices fall more than 5% after Rubio says U.S. will give Iran talks 'every chance to succeed'
U.S. crude oil prices trim losses as traders assess whether U.S. is nearing a deal with Iran that would restore traffic in the Strait of Hormuz.
Salesforce CEO Marc Benioff outlines his plan to turn around his struggling stock
Salesforce CEO Marc Benioff said the company’s strategy during its stock slump is to continue delivering strong products for customers and buy back shares.