Tech, AI, and finance news coverage and analysis
President Trump signs a proclamation reinstating the Presidential Fitness Test alongside Health Secretary Robert F. Kennedy Jr. and athletes Bryson DeChambeau and Gary Player, while defending recent military strikes on Iran and touting stock market records.
This market analysis covers steady economic data suggesting gradual labor market cooling, Palantir's post-earnings decline despite strong growth as investors question its AI differentiation, and IBM's Gary Cohn predicting Fed Chair candidate Kevin Warsh would aggressively shrink the Fed's balance sheet while returning the institution to its core monetary mandate.
Automotive journalist Tim Stevens explains how AI is compressing the traditional 5-6 year car design process into potentially 3 years by automating 3D modeling and wind tunnel simulations, while warning that eliminating entry-level creative tasks could break the talent pipeline for future designers.
Secretary of Defense Pete Hegseth and Joint Chiefs Chairman General Dan Caine briefed on 'Project Freedom,' a temporary defensive operation to protect international commercial shipping through the Strait of Hormuz from Iranian aggression, establishing a protective security corridor while maintaining the broader ceasefire and urging global partners to eventually assume responsibility.
Secret Service agents shot an armed man near the White House after he ignored commands and opened fire, injuring both the suspect and a minor bystander caught in the crossfire near 15th Street and Independence Avenue.
Markets fell sharply as Iran-UAE conflict escalated, closing the Strait of Hormuz and driving oil to $105/barrel, while GameStop surprised by making a $56 billion bid to acquire eBay.
Raw behind-the-scenes footage from the Met Gala red carpet captures photographers shouting directional commands at celebrity attendees, revealing the highly orchestrated choreography of press photography at major fashion events.
Chipotle CEO Brian Niccol details the brand's operational turnaround, explaining how slowing expansion to rebuild leadership, pioneering digital pickup solutions like Chipotlanes, and enforcing rigorous fresh-food standards through daily FACT testing revived the company while preserving its 'food with integrity' ethos.
GameStop stunned markets with a $56 billion bid for eBay, backed by TD Bank financing, while AI infrastructure dominates capital flows with Cerebras targeting a $3.5 billion IPO and OpenAI raising $4 billion to accelerate enterprise adoption through joint ventures.
Trump addresses small business owners during National Small Business Week, highlighting tax cuts, deregulation efforts, and economic achievements while discussing recent military actions and upcoming diplomatic meetings.
As Big Tech commits $800 billion annually to AI infrastructure, investors grapple with geopolitical oil disruptions and uncertain returns on massive capital expenditures, driving a K-shaped market where large-cap AI beneficiaries outperform despite consumer headwinds from surging gasoline prices.
At a May Day rally in Washington Square Park, NYC Mayor Zohran Kwame Mamdani joined union organizers, Starbucks baristas, and immigrant workers to demand economic justice, celebrating recent legislative victories while pushing for a $30 living wage, universal childcare, and the "New York for All" Act to end local ICE collaboration.