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NEW YORK — Intuit shares fell as much as 14% in extended trading after the financial software company announced a restructuring plan that will cut 17% of its workforce, or about 3,000 corporate jobs. The move, disclosed …
Washington. In the year since President Donald Trump signed an executive order to develop a U.S. deep-sea mining industry, businesses have raised millions, stock prices climbed, and federal regulators accelerated a permi…
Raleigh, North Carolina — On Thursday Advance Auto Parts reported first-quarter net income of $24 million, or $0.39 per share, with adjusted earnings of $0.77 and revenue of $2.61 billion, topping analyst estimates; the …
United States — This week multiple publicly traded companies announced investor presentations, capital actions, and shareholder-return programs. On May 19 and May 21, Rexford Industrial and Iovance scheduled investor con…
United States-based Intuit, the financial software company behind TurboTax, QuickBooks and other popular accounting and tax-preparation tools, is cutting 3,000 jobs as part of a restructuring tied to its artificial intel…
San Francisco: On May 20, Meta began laying off about 8,000 employees—approximately 10% of its workforce—and announced that roughly 7,000 staff would be reassigned into four newly created AI-focused organizations; Linked…
Washington. Kevin Warsh will be sworn in as Chair of the U.S. Federal Reserve at the White House on Friday, President Donald Trump announced; the Senate confirmed Warsh to a four-year term in mid-May, and Jerome Powell s…
United States – The PCT Litigation Trust overseeing the bankruptcy of crypto custodian Prime Trust has filed a lawsuit in Delaware bankruptcy court seeking nearly $1 billion from Swan Bitcoin and its parent company, Elec…
United States – Google and Blackstone Inc. have formed a joint artificial intelligence cloud business to expand large-scale computing capacity for generative AI workloads, the companies announced this week. Blackstone wi…
Washington — On May 19, the United States Department of Justice moved to permanently dismiss all criminal fraud charges against billionaire Gautam Adani and his nephew Sagar Adani in the Eastern District of New York, aft…
Oakland, California. A federal jury on Monday, May 18, ruled unanimously that Elon Musk's lawsuit against OpenAI was time-barred under the statute of limitations, dismissing his claims after less than two hours of delibe…
United States-based Meta Platforms is preparing this week to cut about 8,000 jobs, roughly 10% of its global workforce, as part of a major restructuring to fund a large expansion in artificial intelligence infrastructure…
Bitcoin Depot Inc. (NASDAQ: BTM), the largest bitcoin ATM operator in the United States, has filed for Chapter 11 bankruptcy protection in the U.S. Bankruptcy Court for the Southern District of Texas, according to court …
United Kingdom. Investec Bank plc disclosed client-serving dealings in shares of four UK-listed companies — NCC Group plc, Treatt Plc, Gamma Communications Plc and Advanced Medical Solutions Group Plc — executed on 15 Ma…
WASHINGTON — The White House announced Sunday that China agreed to ramp up purchases of U.S. agricultural products, committing to an annualized $17 billion pace for 2026 and to sustain that level through 2027 and 2028. O…
South Korea said it will deploy all available administrative and legal measures, including rarely used emergency arbitration, to stop a threatened labor strike at Samsung Electronics, the country’s largest employer and t…
SILICON VALLEY, California — Meta Platforms is preparing to cut about 8,000 employees, or roughly 10% of its global workforce, by Wednesday, May 20, 2026, according to multiple reports citing internal sources. The planne…
Las Vegas — Allegiant Air completed its acquisition of Sun Country Airlines this week after receiving regulatory and shareholder approvals, company statements said Wednesday; the deal, first announced in January and valu…
NEW YORK, United States – U.S. stocks fell sharply on Friday, May 15, 2026, as investors reacted to the conclusion of a high-profile summit between President Donald Trump and Chinese President Xi Jinping in Beijing and t…
Washington, United States – In a closely watched federal court case over the future of OpenAI, legal teams representing Elon Musk and Sam Altman delivered their closing arguments in a high‑stakes showdown. Musk’s attorne…
United States – U.S. technology companies are increasingly designating Anthropic as a supply chain risk amid the AI firm’s escalating legal dispute with the U.S. government. Firms such as Figma have disclosed in regulato…
Long Island — Negotiators for the Metropolitan Transportation Authority and five Long Island Rail Road unions returned to the bargaining table Friday as a potential strike loomed that could begin early Saturday and disru…
United States-based Cisco Systems said on Wednesday it will cut nearly 4,000 jobs as part of a restructuring plan to shift investment toward artificial intelligence and related growth areas, including silicon, optics and…
United States — On May 14, 2026, multiple Nasdaq-listed companies issued first-quarter 2026 results and corporate updates: Cheetah Net Supply Chain Service Inc. (Irvine) reported a sharp revenue decline and an operating …
United States regulators are scrutinizing tokenized “PreStocks” tied to private equity in Anthropic and OpenAI after the instruments sharply fell in value following a series of unauthorized equity transfer warnings. The …