Tech, AI, and finance news coverage and analysis
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.
Apple forecasts robust 14-17% sales growth despite chip supply constraints, while Twilio reports its strongest quarter in years driven by AI demand. Meanwhile, analysts question whether hyperscaler AI infrastructure spending is delivering sufficient returns relative to massive capital outlays.
AB InBev CEO Michel Doukeris details the company's strategic pivot from mergers to organic growth, powered by triple-digit growth in Michelob Ultra Zero and massive sports marketing investments spanning the World Cup and Olympics.
China assumes the UN Security Council presidency for May with a focus on upholding the UN Charter amid global conflicts, advancing political settlements in the Middle East including Palestinian statehood, and institutional reforms, while criticizing US-Israel military actions against Iran and backing Pakistan's mediation efforts.
This episode examines the legal fallout when Sallie Mae allegedly monetized Scoly's student data post-acquisition despite founder promises, BMW i Ventures' $300 million strategic bet on industrial AI automation, and how Scout AI's $100 million raise signals defense tech's mainstream acceptance.
Elon Musk's testimony in his lawsuit against OpenAI backfired dramatically as he struggled under cross-examination, admitting that his AI company xAI distilled OpenAI's models and conceding he failed to read key contractual documents before contributing $44 million.
Goodles CEO Jen Deset explains how she disrupted the $3 trillion packaged food industry by rejecting 'healthy' packaging clichés, surviving 100+ VC rejections through data-driven conviction, and targeting nutrition-conscious young adults with innovative mac and cheese flavors.
Big Tech's earnings reveal a $725 billion AI spending arms race in 2026, with Alphabet and Amazon demonstrating clear cloud-driven ROI while Meta faces a 10% stock drop due to lack of tangible AI monetization metrics despite massive infrastructure investments.
President Trump signs executive orders establishing federal-matched retirement accounts (5 million signups), authorizing the Bridger Pipeline, and mandating fixed-price federal contracts, while touting economic gains and detailing extensive U.S. military strikes against Iran's nuclear and military infrastructure.
The 76th FIFA Congress convened in Vancouver with 211 member associations confirming technical readiness for the 2026 World Cup across Canada, Mexico and the USA, while leaders emphasized service-oriented governance and football's power to unite diverse cultures.