Nadella Testifies in Musk's OpenAI Lawsuit in Oakland

 

Oakland, United States — Microsoft chief executive Satya Nadella testified on May 11 in Elon Musk's civil lawsuit against OpenAI, outlining how Microsoft’s funding and early investment supported OpenAI’s shift from a philanthropic organisation to a for‑profit structure and addressing internal emails entered as evidence. The disclosed January 2018 messages...

New York stocks climb as payrolls beat expectations

 

US stocks advanced toward record closing levels in New York on Friday morning, supported by strong technology and semiconductor shares, better-than-expected April payrolls data, and an Iran ceasefire that remained intact despite overnight clashes near the Strait of Hormuz. The S&P 500 gained about 0.5% and the Nasdaq 100 rose...

California Five Guys to close four locations, cut jobs

 

United States – Five Guys Operations is permanently closing four restaurants in California in May 2026, citing financial hardship amid rising labor costs, higher rents and growing consumer resistance to further price increases. Recent California state filings, identified through a manual review of public records, show the closures will result...

Atlanta airline Delta denies 8% layoff rumors

 

ATLANTA - Delta Air Lines, based near Hartsfield-Jackson Atlanta International Airport, has rejected online rumors that it plans to cut roughly 8% of its workforce, particularly in information technology and corporate roles. The claims circulated this week via an anonymous email, Reddit threads said to involve Delta employees, and aviation-focused...

United States Bitcoin ETFs See Record Inflows Amid Rally

 

United States – In the first quarter of 2026, U.S.-listed spot Bitcoin exchange-traded funds recorded strong investor demand, with April generating about $2 billion in net inflows, the strongest month of the year so far. Early May trading brought four consecutive days of ETF-driven buying that helped lift Bitcoin from...

Companies Report Mixed First-Quarter Results Across Industries Nationwide

 

Murfreesboro, Tenn. — National HealthCare Corp. reported first-quarter net income of $35.9 million on Friday, or $2.27 per share, with adjusted earnings of $1.91 per share and revenue of $381.8 million. This week, several firms including Wendy's, ANI Pharmaceuticals and Research Frontiers also released Q1 results showing a mix of...

Drivers Line Up as Gas Prices Surge Nationwide

 

St. Louis — Circle K offered a temporary 40-cent-per-gallon discount at its stations on Thursday from 4 p.m. to 7 p.m., drawing drivers who filled up as local pump prices briefly fell below four dollars and customers reported relief; AAA reported the national average at about $4.56 per gallon the...

US Probes Oil Trades Tied to Iran-Related Announcements

 

WASHINGTON: The US Department of Justice and the Commodity Futures Trading Commission opened an investigation this week into at least four suspicious oil-market trades reportedly placed moments before major policy announcements by US and Iranian officials. The trades, which totalled more than US$2.6 billion, were reported by ABC News, NBC...

Valvoline Beats Estimates; American Realty Posts Loss

 

LEXINGTON, Ky. Valvoline Inc. reported fiscal second-quarter net income of $44.8 million on Thursday, equal to $0.35 per share and $0.41 per share on an adjusted basis after excluding non-recurring items and discontinued operations. The automotive and industrial lubricants maker posted revenue of $503.8 million, above Zacks Investment Research estimates...

Bluefield Solar Secures £120m Loan For 249MW Portfolio

 

London. This week Bluefield Solar Income Fund secured a term loan facility of up to £120 million, split equally between Santander and NatWest, to finance construction of four solar projects totaling 249MW in North East England. The company acquired the sites in late 2025 and said funds will be drawn...