Cisco to Cut Over 4,000 Jobs, Redirecting Investments Towards Artificial Intelligence
Company
Earnings Typo Error Sends Lyft Stock on Wild Ride, Questions Raised
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JetBlue Shares Soar After Carl Icahn Discloses Stake
"JetBlue Airways saw its shares surge by over 15% following the revelation that corporate titan Carl Icahn had acquired a nearly 10% stake in the airline, branding it as undervalued. The disclosure of Icahn's significant investment has stirred the market, coming at a crucial juncture for JetBlue as it endeavors to navigate post-pandemic recovery and the fallout from a thwarted merger with Spirit Airlines. -
Diamondback Energy's $26B Acquisition to Create a New Global Oil Giant Valued at over $50B
"Diamondback Energy, an American shale oil and gas producer, has announced a colossal acquisition that could give birth to a new global oil behemoth.
The Latest
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Meta Cuts Thousands More Jobs as Mark Zuckerberg Says AI Future ‘Isn’t a Given’
Meta CEO Mark Zuckerberg warned employees that success "isn't a given" as the social media giant pressed ahead with thousands of layoffs, deepened its investment in artificial intelligence and faced growing internal unrest over workplace data collection tied to AI training. 
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Walmart Warns High Gas Prices Are Squeezing Shoppers as Quarterly Revenue Climbs 7% to $177.8 Billion
Walmart warned Thursday that rising fuel costs and persistent inflation are beginning to weigh more heavily on American consumers, as the retail giant issued weaker-than-expected earnings guidance despite posting strong quarterly sales growth and continued momentum in e-commerce. 
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Nvidia Q1 Profit Jumps 140% as $75 Billion Data Center Boom Calms AI Bubble Fears
NVIDIA delivered another blockbuster quarter Wednesday, reporting a 140% jump in adjusted earnings and an 85% surge in revenue as explosive demand for artificial intelligence infrastructure helped ease growing concerns that the AI investment frenzy was becoming detached from economic reality. 
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OpenAI Could File IPO Paperwork as Early as Friday, WSJ Reports
OpenAI is preparing to confidentially file paperwork for a potential initial public offering as early as Friday, according to a Wall Street Journal report citing people familiar with the matter, a move that would push the ChatGPT maker closer to one of the most closely watched stock market debuts in the technology sector. 
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Elon Musk Vows Appeal After OpenAI Wins Court Fight Over $38 Million Founding Dispute
Elon Musk said he will appeal a California court ruling that dismissed his lawsuit against OpenAI and its top executives, escalating a legal battle over whether the company abandoned the nonprofit principles on which it was founded. 
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Elon Musk Loses OpenAI Lawsuit as Jury Rejects Claims Against Sam Altman and Microsoft
Elon Musk suffered a major legal defeat Monday after a federal jury in Oakland found that OpenAI and its leadership could not be held liable in a closely watched lawsuit challenging the company's transformation from a nonprofit research lab into one of the world's most valuable artificial intelligence businesses. 
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Elon Musk Goes Viral in Beijing After Awkward Photo Reaction at Xi Jinping State Dinner
Elon Musk became an unexpected viral sensation in China after a visibly awkward photo moment during a high-profile state dinner hosted by Xi Jinping overshadowed the evening's carefully choreographed diplomatic messaging. -
Microsoft Offers Up to 39 Weeks’ Pay and 5 Years of Healthcare in First-Ever Retirement Buyout Amid AI Expansion
Microsoft is offering eligible U.S. employees up to 39 weeks of pay, extended healthcare coverage and continued stock vesting under the company's first-ever Voluntary Retirement Program, as the tech giant accelerates its massive artificial intelligence expansion. 
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Delta Cuts Free Snacks on 450 Daily Flights Under 350 Miles, Sparking Passenger Backlash
Delta Air Lines is facing a wave of passenger backlash after confirming it will eliminate complimentary snacks and beverages on hundreds of short-haul flights across the United States, a move set to take effect May 19 and reshape the baseline expectations for economy travel. 
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Tesla, Disney Among 88 U.S. Corporations Paying $0 Federal Income Tax on $105 Billion Profit
A report by the Institute on Taxation and Economic Policy finds that 88 major U.S. corporations, including Tesla, Walt Disney and Citigroup, paid no federal income tax in 2025 despite generating more than $105 billion in U.S. profits, highlighting a widening gap between statutory tax rates and actual corporate payments. 
