Latest News

Exclusive: New York, California pension leaders oppose 'extreme' SpaceX control structure

May 13, 2026, 10:33 PM EDT - 16 minutes ago

Exclusive: New York, California pension leaders oppose 'extreme' SpaceX control structure

Leaders of three of the biggest U.S. public pension systems said they have major concerns over SpaceX's "extreme" ownership and control set-up in its upcoming public stock listing, urging founder and ...

OpenAI backs creation of global AI governance body led by the U.S. that would include China as a member

May 13, 2026, 10:16 PM EDT - 33 minutes ago

OpenAI backs creation of global AI governance body led by the U.S. that would include China as a member

OpenAI VP Chris Lehane supports creating a global AI governance body led by the U.S. that includes China, amid Trump's visit for talks with Xi Jinping.

TSMC says global chip market to hit $1.5 trillion by 2030 as AI drives growth

May 13, 2026, 10:06 PM EDT - 43 minutes ago

TSMC says global chip market to hit $1.5 trillion by 2030 as AI drives growth

TSMC , the world's largest contract chipmaker, expects the global semiconductor market to exceed $1.5 trillion by 2030, topping its previous forecast ​of $1 trillion, according to its presentation mat...

TSM

Oil struggles for direction as IEA flags greater volatility ahead, OPEC cuts demand forecast

May 13, 2026, 9:48 PM EDT - 1 hour ago

Oil struggles for direction as IEA flags greater volatility ahead, OPEC cuts demand forecast

With more than 14 million bpd of supply cut, the overall loss from Gulf producers is now over a billion barrels, the IEA said. OPEC production fell by 1.7 million bpd in April and has declined more th...

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Cisco to cut thousands of jobs as AI push accelerates after earnings beat

May 13, 2026, 9:21 PM EDT - 1 hour ago

Cisco to cut thousands of jobs as AI push accelerates after earnings beat

Cisco reported record revenue and surging AI demand while announcing job cuts affecting thousands as it repositions for an AI-driven future.

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Threatened Samsung strike poses significant risk to South Korea growth, finmin says

May 13, 2026, 9:21 PM EDT - 1 hour ago

Threatened Samsung strike poses significant risk to South Korea growth, finmin says

A threatened ​strike by Samsung ‌Electronics' union would be ​a significant ​risk to South Korea's ⁠economic ​growth, exports and ​markets, Finance Minister Koo Yun-cheol said ​on ​Thursday.

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Land management company EagleRock raises about $320 million in US IPO

May 13, 2026, 9:06 PM EDT - 1 hour ago

Land management company EagleRock raises about $320 million in US IPO

EagleRock, a land and resource management company that collects royalties and fees from oil and gas ​production on the land it controls in the Permian Basin, has ‌raised $320.1 million in its U.S. ini...

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LinkedIn Cuts 5% of Staff in Reorganization

May 13, 2026, 9:02 PM EDT - 1 hour ago

LinkedIn Cuts 5% of Staff in Reorganization

LinkedIn is laying off 5% of its staff Wednesday (May 13), Reuters reported Wednesday, citing unnamed sources. The company is reorganizing teams and focusing on growing areas of its business, accordin...

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Gold Rises; Defensive Appeal Remains Intact

May 13, 2026, 9:01 PM EDT - 1 hour ago

Gold Rises; Defensive Appeal Remains Intact

Gold gained in the early Asian session. The yellow metal doesn't appear to be reacting one-dimensionally to U.S. consumer-price index data anymore, said XS.com.

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Oil Edges Higher Ahead of Trump-Xi Summit

May 13, 2026, 8:49 PM EDT - 2 hours ago

Oil Edges Higher Ahead of Trump-Xi Summit

Oil prices inched higher in early Asian trade, ahead of the two-day summit between Washington and Beijing.

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Sun Country merges with Allegiant Air to create larger budget airline following Spirit Airlines shutdown

May 13, 2026, 8:48 PM EDT - 2 hours ago

Sun Country merges with Allegiant Air to create larger budget airline following Spirit Airlines shutdown

Las Vegas-based Allegiant said the transaction closed after receiving required regulatory and shareholder approvals.

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Oil edges up ahead of Trump-Xi meeting in Beijing

May 13, 2026, 8:46 PM EDT - 2 hours ago

Oil edges up ahead of Trump-Xi meeting in Beijing

Oil prices edged up on Thursday as investors awaited a meeting between U.S. President Donald Trump ​and Chinese President Xi Jinping later in the day ‌as traders focused on the Iran war.

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Cerebras Systems to Raise $5.55 Billion in Year's Largest U.S. IPO So Far

May 13, 2026, 8:43 PM EDT - 2 hours ago

Cerebras Systems to Raise $5.55 Billion in Year's Largest U.S. IPO So Far

The company, which is backed by OpenAI's Sam Altman, priced its upsized offering of 30 million shares at $185.00 a share.

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Microsoft's multi-agent AI system tops Anthropic's Mythos on cybersecurity benchmark

May 13, 2026, 8:16 PM EDT - 2 hours ago

Microsoft's multi-agent AI system tops Anthropic's Mythos on cybersecurity benchmark

Microsoft's new vulnerability-scanning system, codenamed MDASH, scored 88.

MSFT DBO GUSH IEO OIH PXJ UCO

Alexa Replaces Rufus as Amazon's AI Shopping Assistant

May 13, 2026, 8:08 PM EDT - 2 hours ago

Alexa Replaces Rufus as Amazon's AI Shopping Assistant

The new Alexa for Shopping feature can use data about the customer to help find products.

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Michael Landsberg on AI Beyond NVDA, Stock Picks in CSCO, CRWD & V

May 13, 2026, 8:00 PM EDT - 2 hours ago

Michael Landsberg on AI Beyond NVDA, Stock Picks in CSCO, CRWD & V

"People have correctly stayed the course" by looking at earnings, says Michael Landsberg, noting the strength U.S. muscled for the rest of the markets. He talks about how there's much more than Nvidia...

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Nvidia CEO's foundation buys $108 million of AI computing from CoreWeave, donates it to researchers

May 13, 2026, 7:57 PM EDT - 2 hours ago

Nvidia CEO's foundation buys $108 million of AI computing from CoreWeave, donates it to researchers

The foundation of Nvidia CEO Jensen Huang and his wife, Lori, ​is buying computing time from CoreWeave and ‌donating it to universities and other nonprofit institutes, according to a filing that value...

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xAI Pursues Finance Sector Growth Before SpaceX IPO

May 13, 2026, 7:56 PM EDT - 2 hours ago

xAI Pursues Finance Sector Growth Before SpaceX IPO

Elon Musk's xAI is focusing on the finance sector as it works to boost its revenue ahead of the initial public offering (IPO) of its parent company, SpaceX, Bloomberg reported Wednesday (May 13), citi...

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An internal memo shows LinkedIn's new marketing playbook: fewer staff, tighter budgets, and more AI

May 13, 2026, 7:49 PM EDT - 3 hours ago

An internal memo shows LinkedIn's new marketing playbook: fewer staff, tighter budgets, and more AI

LinkedIn's marketing team is embracing AI as it cuts staff, an internal memo shows. Marketing will also reduce its ad spending, according to an email from LinkedIn CMO Jessica Jensen.

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Anthropic Scales Claude AI Across 7 Small Business Apps

May 13, 2026, 7:44 PM EDT - 3 hours ago

Anthropic Scales Claude AI Across 7 Small Business Apps

Anthropic's Claude for Small Business plugin will bring new artificial intelligence (AI)-powered capabilities to tools commonly used by small businesses, the company and its partners said Wednesday (M...

MSFT CSCO V IEO OIH PXJ UCO

Japan's global defense business may be on the cusp of a big breakout

May 13, 2026, 7:39 PM EDT - 3 hours ago

Japan's global defense business may be on the cusp of a big breakout

Experts say Japan will initially export arms in areas where it's already strong, such as air defense systems and naval platforms. Global military spending hit a record of $2.89 trillion in 2025, the 1...

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Argentina approves TGS for tax incentive scheme in $550 mln gas pipeline expansion

May 13, 2026, 7:26 PM EDT - 3 hours ago

Argentina approves TGS for tax incentive scheme in $550 mln gas pipeline expansion

Argentina's economy ministry has approved Transportadora ​de Gas del Sur's ‌application to enter the RIGI large-investment incentive scheme for a $550 ​million expansion of the ​Perito Moreno gas pipe...

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Meta challenges New Mexico's $3.7 billion plan for teen mental health in social media trial

May 13, 2026, 7:11 PM EDT - 3 hours ago

Meta challenges New Mexico's $3.7 billion plan for teen mental health in social media trial

A lawyer for Meta Platforms on Wednesday argued ​that New Mexico's $3.7 billion proposal to address teen mental health harms goes too far, saying it would force ‌the company to pay for mental health c...

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Innovotech Inc. Receives Support to Develop Antimicrobial Testing Services and Product Enhancements

May 13, 2026, 7:10 PM EDT - 3 hours ago

Innovotech Inc. Receives Support to Develop Antimicrobial Testing Services and Product Enhancements

Edmonton, Alberta – May 13, 2026 - TheNewswire – Innovotech Inc. (TSX Venture Exchange: IOT ; OTCQB: IOTCF) (“Innovotech” or the “Company”) reports that its subsidiary Innovotech Labs Corporation is ...

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Instagram Introduces Instants, Meta's New Private Photo Sharing App

May 13, 2026, 7:02 PM EDT - 3 hours ago

Instagram Introduces Instants, Meta's New Private Photo Sharing App

The photos shared using Instagram's new feature will vanish after 24 hours.

META DBJP DFEN DFJ DXJ EWJ EZJ

Ryan Cohen says eBay directors should not dismiss his proposal without engaging on its substance

May 13, 2026, 6:56 PM EDT - 3 hours ago

Ryan Cohen says eBay directors should not dismiss his proposal without engaging on its substance

GameStop CEO Ryan ​Cohen on Wednesday told ‌eBay's board that the company should ​not reject his $56 ​billion takeover proposal and ⁠that the company's ​shareholders deserve a ​chance to evaluate it.

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OpenAI trial wraps up with testimony about Reid Hoffman, a trophy, and a Musk outburst

May 13, 2026, 6:54 PM EDT - 3 hours ago

OpenAI trial wraps up with testimony about Reid Hoffman, a trophy, and a Musk outburst

Jurors on Wednesday sat for a final day of testimony in the Musk v. Altman showdown.

EBAY GME DFEN DFJ DXJ EWJ EZJ

Anthropic CFO says AI now writes 90% of its code, changing white-collar jobs from execution to oversight

May 13, 2026, 6:49 PM EDT - 4 hours ago

Anthropic CFO says AI now writes 90% of its code, changing white-collar jobs from execution to oversight

Anthropic CFO Krishna Rao said AI has reshaped Anthropic's white-collar work environment. Execution roles turned into supervisors of AI, requiring higher "talent density" across the company.

EBAY GME DFEN DFJ DXJ EWJ EZJ

Apple Prepares App Store for Autonomous AI Agents

May 13, 2026, 6:24 PM EDT - 4 hours ago

Apple Prepares App Store for Autonomous AI Agents

Apple is exploring ways to allow developers to offer artificial intelligence (AI) agents into its App Store while maintaining its regulations designed to prevent the spread of malware and other wrongd...

AAPL GME DFEN DFJ DXJ EWJ EZJ

Comcast's Sky advances talks to acquire ITV unit with performance-based payout, sources say

May 13, 2026, 6:20 PM EDT - 4 hours ago

Comcast's Sky advances talks to acquire ITV unit with performance-based payout, sources say

Comcast -owned Sky is ‌advancing towards a deal to acquire ITV's Media and Entertainment unit in a transaction that will include a payout dependent on the British broadcaster's performance, three peop...

CMCSA GME DFEN DFJ DXJ EWJ EZJ

Gap's last Oakland store is set to close this summer

May 13, 2026, 6:17 PM EDT - 4 hours ago

Gap's last Oakland store is set to close this summer

Oakland residents will have one less place to buy khakis and hoodies this summer, with a major retailer pulling up stakes in the Bay Area metropolis.

GAP GME DFEN DFJ DXJ EWJ EZJ

Read the memo: Cisco to cut about 4,000 jobs in AI-driven restructuring

May 13, 2026, 6:16 PM EDT - 4 hours ago

Read the memo: Cisco to cut about 4,000 jobs in AI-driven restructuring

Cisco plans to cut about 4,000 jobs to refocus on AI, affecting less than 5% of its workforce. Despite layoffs, Cisco sees strong quarterly results and raises sales forecast on AI demand.

CSCO GME DFEN DFJ DXJ EWJ EZJ

Cerebras prices IPO at $185 per share to raise $5.55 billion, sources say

May 13, 2026, 6:16 PM EDT - 4 hours ago

Cerebras prices IPO at $185 per share to raise $5.55 billion, sources say

Cerebras Systems priced its U.S. initial public offering at $185 per ​share on Wednesday, above the top ‌end of its indicated price range, people familiar with the matter said.

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Isomorphic Labs' $2.1 Billion Fundraise Is The Biggest Bet Yet On AI Drug Discovery

May 13, 2026, 6:15 PM EDT - 4 hours ago

Isomorphic Labs' $2.1 Billion Fundraise Is The Biggest Bet Yet On AI Drug Discovery

On Tuesday, Isomorphic Labs, the Alphabet-founded firm that uses AI to accelerate drug development, said that it had raised $2.1 billion from investors led by Thrive Capital. That's a boatload of cash...

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Anthropic reinstates OpenClaw and third-party agent usage on Claude subscriptions — with a catch

May 13, 2026, 6:15 PM EDT - 4 hours ago

Anthropic reinstates OpenClaw and third-party agent usage on Claude subscriptions — with a catch

Good news, OpenClaw fans — you can once again use your Claude AI subscription to power the hit, open source, autonomous AI agentic harness! But, there's a big catch with how it's being enacted.

GOOG GOOGL DFEN DFJ DXJ EWJ EZJ

Canvas Hack Aftermath: Congress Wants Instructure to Answer Questions

May 13, 2026, 6:01 PM EDT - 4 hours ago

Canvas Hack Aftermath: Congress Wants Instructure to Answer Questions

A hacker group stole data from more than 9,000 schools using an exploit in Instructure's service. Now the House Homeland Security Committee is getting involved.

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Wednesday's Final Takeaways: Amazon Pivoting AI Strategy & Samsung's Pay Deal

May 13, 2026, 6:00 PM EDT - 4 hours ago

Wednesday's Final Takeaways: Amazon Pivoting AI Strategy & Samsung's Pay Deal

Marley Kayden talks about Amazon (AMZN) pivoting their AI strategy today by retiring it's old chatbot and launching Alexa for shopping. Sam Vadas talks about Samsung's failure to reach an agreement on...

AMZN GOOGL DFEN DFJ DXJ EWJ EZJ

Cerebras prices IPO above expected range, as Wall Street braces for AI tsunami

May 13, 2026, 6:00 PM EDT - 4 hours ago

Cerebras prices IPO above expected range, as Wall Street braces for AI tsunami

Cerebras, a maker of artificial intelligence chips, raised at least $5.55 billion in its initial public offering. Enthusiasm has been building for the company's debut, which could be followed later th...

CBRS GOOGL DFEN DFJ DXJ EWJ EZJ

Gold weakens, silver tests $90 after April producer-price shock - Kitco PM Report

May 13, 2026, 5:57 PM EDT - 4 hours ago

Gold weakens, silver tests $90 after April producer-price shock - Kitco PM Report

Spot gold prices were lower and spot silver prices were firmer in late U.S. trading Wednesday, as a hot U.S. producer-price print, a firmer dollar and Treasury yields near the 4.5% area offset safe-ha...

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Anthropic finally beat OpenAI in business AI adoption — but 3 big threats could erase its lead

May 13, 2026, 5:53 PM EDT - 4 hours ago

Anthropic finally beat OpenAI in business AI adoption — but 3 big threats could erase its lead

For the first time since the AI race began, more American businesses are paying for Anthropic's Claude than for OpenAI's ChatGPT. Adoption of Anthropic rose 3.8% in April to 34.4% of businesses, accor...

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BlackRock's Rosenberg says inflation could actually be peaking in recent data

May 13, 2026, 5:46 PM EDT - 5 hours ago

BlackRock's Rosenberg says inflation could actually be peaking in recent data

BlackRock's Jeffrey Rosenberg joins 'Closing Bell Overtime' to talk the response from the bond market to the recent CPI and PPI numbers.

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Cisco to cut jobs so it can invest more in AI, and the stock rockets toward a record

May 13, 2026, 5:42 PM EDT - 5 hours ago

Cisco to cut jobs so it can invest more in AI, and the stock rockets toward a record

Cisco's stock soars into record territory, after the networking giant announced plans to invest more in AI and upbeat earnings report.

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HF Sinclair terminates CFO Atanas Atanasov

May 13, 2026, 5:38 PM EDT - 5 hours ago

HF Sinclair terminates CFO Atanas Atanasov

U.S. refiner ​HF Sinclair's ‌CFO Atanas ​Atanasov, ​who has been ⁠on voluntary ​leave of ​absence since late February ​amid ​concerns raised by ‌its ⁠audit committee, has ​been ​terminated, the ⁠compa...

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Alibaba's AI and cloud revenue jump 38%

May 13, 2026, 5:32 PM EDT - 5 hours ago

Alibaba's AI and cloud revenue jump 38%

China's Alibaba said that growth accelerated for both its artificial intelligence and cloud businesses in the latest quarter, driven by the AI boom, even though overall revenue rose just 3% to 243 bil...

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Netflix's First Live MMA Fight Will Be Ronda Rousey's Last

May 13, 2026, 5:30 PM EDT - 5 hours ago

Netflix's First Live MMA Fight Will Be Ronda Rousey's Last

Fans are anxiously awaiting the upcoming fight on Saturday, May 16, between Ronda Rousey and Gina Carano at the Intuit Dome in Los Angeles. When the two legends step into the spotlight as the headline...

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Netflix Expands Relationship With The NFL, Adds New Games

May 13, 2026, 5:30 PM EDT - 5 hours ago

Netflix Expands Relationship With The NFL, Adds New Games

Netflix executives have long argued that while the company loves sports programming, it can't justify spending the money necessary in order to win live sports rights for an entire season of any major ...

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Snap's Q1 Makes Its AR Glasses Bet Harder To Ignore

May 13, 2026, 5:30 PM EDT - 5 hours ago

Snap's Q1 Makes Its AR Glasses Bet Harder To Ignore

Snap's first-quarter results gave investors something they have not always had from the company: evidence of operating discipline.

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Investors Get to Play With Firetrucks Too

May 13, 2026, 5:25 PM EDT - 5 hours ago

Investors Get to Play With Firetrucks Too

Shares of firetruck maker Oshkosh are a favorite on Wall Street.

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Cerebras's IPO will be fresh a test of investor excitement for AI infrastructure

May 13, 2026, 5:20 PM EDT - 5 hours ago

Cerebras's IPO will be fresh a test of investor excitement for AI infrastructure

The inference-chip maker could be valued at 100 times its revenue when it goes public on Thursday.

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Big Growth. 'Undemanding' Prices.

May 13, 2026, 5:16 PM EDT - 5 hours ago

Big Growth. 'Undemanding' Prices.

The tech stock rally may have taken a breather this week, but analysts expect that break means Big Tech has more room to run.

AAPL AMZN GOOG GOOGL MAGS META MSFT

Microsoft feared being too dependent on OpenAI, Musk-Altman trial testimony reveals

May 13, 2026, 5:05 PM EDT - 5 hours ago

Microsoft feared being too dependent on OpenAI, Musk-Altman trial testimony reveals

Discovery in Musk v. Altman showed that Microsoft CEO Satya Nadella was worried about OpenAI supplanting his company in the tech hierarchy as far back as April 2022.

MSFT AMZN GOOG GOOGL MAGS META MSFT

Allogene Therapeutics ends China cell therapy deal with Overland

May 13, 2026, 5:05 PM EDT - 5 hours ago

Allogene Therapeutics ends China cell therapy deal with Overland

Allogene Therapeutics said on Wednesday it has ended a key partnership for ​developing cell therapies in parts of ‌Asia and reworked its equity stake in partner Overland Therapeutics.

ALLO AMZN GOOG GOOGL MAGS META MSFT

StubHub Swings to First-Quarter Profit as Sales Climb on Ticket Demand

May 13, 2026, 5:03 PM EDT - 5 hours ago

StubHub Swings to First-Quarter Profit as Sales Climb on Ticket Demand

Chief Executive Eric Baker said StubHub is seeing a healthy operating environment for both live events and its resale marketplace, and its growing scale is boosting profitability.

STUB AMZN GOOG GOOGL MAGS META MSFT

Nvidia Rally Propels Stocks to New Records

May 13, 2026, 5:02 PM EDT - 5 hours ago

Nvidia Rally Propels Stocks to New Records

The AI chip giant becomes the first company to reach a market value of $5.5 trillion.

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Figure (FIGR) CEO Michael Tannenbaum on AI, Blockchain & the Future of Capital Markets

May 13, 2026, 5:00 PM EDT - 5 hours ago

Figure (FIGR) CEO Michael Tannenbaum on AI, Blockchain & the Future of Capital Markets

Figure (FIGR) CEO, Michael Tannenbaum explains how the company is building the future of capital markets on blockchain rails while operating at the intersection of AI and blockchain. He shares why thi...

FIGR AMZN GOOG GOOGL MAGS META MSFT

Axed GM employees claim they were dumped in cold, scripted virtual meetings: ‘No appreciation or empathy'

May 13, 2026, 4:59 PM EDT - 5 hours ago

Axed GM employees claim they were dumped in cold, scripted virtual meetings: ‘No appreciation or empathy'

Many of the affected employees learned their fate during brief meetings that some workers described as cold and scripted.

GM AMZN GOOG GOOGL MAGS META MSFT

The world lost nearly 1 billion barrels in oil supply over the past 75 days. Why investors aren't worrying enough.

May 13, 2026, 4:59 PM EDT - 5 hours ago

The world lost nearly 1 billion barrels in oil supply over the past 75 days. Why investors aren't worrying enough.

Global oil prices have climbed by nearly 50% since the the end of February, but the rise pales in comparison to an estimated loss of nearly 1 billion barrels since the start of the Iran war 75 days ag...

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USA Rare Earth Stock Rises on Strong Sales. It's Still About the Future.

May 13, 2026, 4:59 PM EDT - 5 hours ago

USA Rare Earth Stock Rises on Strong Sales. It's Still About the Future.

Wednesday, USA Rare Earth reported a first-quarter operating loss of $37 million from sales of $5.7 million. Wall Street was looking for a loss of $27 million from sales of $4.2 million.

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Ford stock surges 13% on investor optimism for new energy storage business

May 13, 2026, 4:50 PM EDT - 5 hours ago

Ford stock surges 13% on investor optimism for new energy storage business

Investor support for Ford Motor's energy storage business sent its stock soaring 13% ​Wednesday, the biggest single-day increase in about six ‌years, following a note from Morgan Stanley highlighting ...

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Cisco stock pops as Q3 earnings defy memory headwinds

May 13, 2026, 4:50 PM EDT - 5 hours ago

Cisco stock pops as Q3 earnings defy memory headwinds

Cisco Systems (CSCO) shares are extending gains in after-hours trading after the company posted a “beat and raise” signaling a robust recovery in enterprise networking and a massive acceleration in th...

CSCO DBO GUSH IEO OIH PXJ UCO

Microsoft's CTO testifies about email at the heart of Elon Musk's allegations against the tech giant

May 13, 2026, 4:50 PM EDT - 5 hours ago

Microsoft's CTO testifies about email at the heart of Elon Musk's allegations against the tech giant

Microsoft CTO Kevin Scott publicly addressed for the first time a 2018 email that Musk's lawyers have cited as evidence Microsoft knew OpenAI was abandoning its nonprofit mission.

MSFT DBO GUSH IEO OIH PXJ UCO

Takeda to cut about 4,500 jobs in fiscal 2026 as it steps up restructuring

May 13, 2026, 4:49 PM EDT - 6 hours ago

Takeda to cut about 4,500 jobs in fiscal 2026 as it steps up restructuring

Japan's Takeda Pharmaceutical , plans to cut about 4,500 jobs in fiscal year 2026, as it pushes ahead with ​a restructuring to centralize corporate functions and reduce ‌costs.

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Cisco Sales Forecast Tops Estimates, Will Cut 5% of Jobs

May 13, 2026, 4:48 PM EDT - 6 hours ago

Cisco Sales Forecast Tops Estimates, Will Cut 5% of Jobs

Cisco's fourth-quarter sales forecast topped estimates and the company announced plans to cut thousands of jobs. Lindsey Bell of 248 Ventures reacts to the report on "Bloomberg The Close.

CSCO DBO GUSH IEO OIH PXJ UCO

Cisco to Cut Jobs in Shift to Capture More AI Demand

May 13, 2026, 4:47 PM EDT - 6 hours ago

Cisco to Cut Jobs in Shift to Capture More AI Demand

The networking company said Wednesday that it is launching a restructuring that will cost up to $1 billion in severance, one-time termination benefits and other costs.

CSCO DBO GUSH IEO OIH PXJ UCO

Chinese EV startup Xpeng in talks with Volkswagen to buy European factory, FT reports

May 13, 2026, 4:46 PM EDT - 6 hours ago

Chinese EV startup Xpeng in talks with Volkswagen to buy European factory, FT reports

Chinese electric vehicle startup Xpeng is in talks with Volkswagen and other automakers about buying a factory ​in Europe, the Financial Times reported on Wednesday.

XPEV DBO GUSH IEO OIH PXJ UCO

Gold (XAU/USD) Price Forecast: 100-Day Average Defines Next Move

May 13, 2026, 4:44 PM EDT - 6 hours ago

Gold (XAU/USD) Price Forecast: 100-Day Average Defines Next Move

Gold remains trapped beneath major resistance as traders watch the 100-day moving average to determine whether recovery strength or renewed bearish pressure prevails.

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Amazon cuts more jobs months after mass layoffs

May 13, 2026, 4:44 PM EDT - 6 hours ago

Amazon cuts more jobs months after mass layoffs

Amazon's Selling Partner Services team cut jobs this week. Amazon is doubling down on AI and other forms of automation.

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Boeing pursues massive China jet deal as CEO joins Trump's delegation to Beijing

May 13, 2026, 4:41 PM EDT - 6 hours ago

Boeing pursues massive China jet deal as CEO joins Trump's delegation to Beijing

Boeing CEO Kelly Ortberg says a potential deal for hundreds of jets is dependent on Trump-Xi negotiations as corporate leaders travel to China.

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California Costco plans to demolish its gas station — and reveals plans for brand new facility

May 13, 2026, 4:39 PM EDT - 6 hours ago

California Costco plans to demolish its gas station — and reveals plans for brand new facility

Costco's famously chaotic gas lines could dramatically change — at one location.

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Gold remains an attractive long-term asset as inflation takes its toll - Fawad Razaqzada

May 13, 2026, 4:38 PM EDT - 6 hours ago

Gold remains an attractive long-term asset as inflation takes its toll - Fawad Razaqzada

Neils Christensen has a diploma in journalism from Lethbridge College and has more than a decade of reporting experience working for news organizations throughout Canada. His experiences include cover...

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Rigetti Computing (RGTI) Price Forecast: Quantum Stock Near Critical Breakout Level

May 13, 2026, 4:37 PM EDT - 6 hours ago

Rigetti Computing (RGTI) Price Forecast: Quantum Stock Near Critical Breakout Level

Rigetti stock is approaching a critical breakout zone as improving momentum, reclaimed moving averages, and a bullish reversal pattern strengthen the case for higher prices.

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Are Altcoins Still Just Venture Capital?

May 13, 2026, 4:33 PM EDT - 6 hours ago

Are Altcoins Still Just Venture Capital?

Altcoin ETF investors are sizing up a corner of the crypto market that has grown to rival bitcoin in scale, but still behaves more like a tech start-up rather than an established asset class. Key Take...

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Ford Shares Take Biggest Leap Since 2020 | Closing Bell

May 13, 2026, 4:29 PM EDT - 6 hours ago

Ford Shares Take Biggest Leap Since 2020 | Closing Bell

Comprehensive cross-platform coverage of the U.S. market close on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Katie Greifeld, Carol Massar and Tim Stenovec. -------- More ...

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CVS unit Omnicare wins court approval for sale to GenieRx

May 13, 2026, 4:26 PM EDT - 6 hours ago

CVS unit Omnicare wins court approval for sale to GenieRx

Omnicare, a unit of health insurer CVS Health , said on Wednesday a U.S. bankruptcy court ​has approved the sale of its business ‌to GenieRx Holdings.

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Exclusive: Microsoft eyeing startup deals for life after OpenAI

May 13, 2026, 4:15 PM EDT - 6 hours ago

Exclusive: Microsoft eyeing startup deals for life after OpenAI

Microsoft is shopping ​for artificial-intelligence startups as the software company prepares for a future independent of its once-vital partner OpenAI, five people familiar with the matter said.

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Jensen Huang joins Trump's China trip: What could it mean for Nvidia?

May 13, 2026, 4:15 PM EDT - 6 hours ago

Jensen Huang joins Trump's China trip: What could it mean for Nvidia?

Nvidia CEO Jensen Huang has joined President Donald Trump's trip to China, after initial indications the executive had not been invited. CNBC's Kristina Partsinevelos explains what the trip could mean...

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Helix Biopharma Corp. Announces Strategic Board and Governance Appointments to Support Financing and Nasdaq Uplisting Strategy

May 13, 2026, 4:15 PM EDT - 6 hours ago

Helix Biopharma Corp. Announces Strategic Board and Governance Appointments to Support Financing and Nasdaq Uplisting Strategy

Toronto, Ontario – TheNewswire - 13 May, 2026 – Helix BioPharma Corp. (TSX: “HBP” , OTC PINK: “HBPCD” , FRANKFURT: “HBP0”) ( “Helix” or the “Company”), a clinical-stage oncology company shaping a ne...

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Cisco's stock pops 11% on earnings beat, strong guidance

May 13, 2026, 4:13 PM EDT - 6 hours ago

Cisco's stock pops 11% on earnings beat, strong guidance

Cisco reported TK Heading into earnings, Wall Street was showing increased optimism around the Cisco, which has trailed many of its data center peers during the AI boom.

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Walmart Is the Latest Big U.S. Employer to Cut Its Corporate Staff

May 13, 2026, 4:11 PM EDT - 6 hours ago

Walmart Is the Latest Big U.S. Employer to Cut Its Corporate Staff

Walmart is cutting jobs—but it isn't blaming AI.

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Google Breaks AI Out of the Chat Window

May 13, 2026, 4:11 PM EDT - 6 hours ago

Google Breaks AI Out of the Chat Window

The mouse pointer hasn't changed much since 1984. Google DeepMind thinks that's the problem.

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Netflix Announces ‘KPop Demon Hunters' Global Concert Tour – How To Get Tickets

May 13, 2026, 4:10 PM EDT - 6 hours ago

Netflix Announces ‘KPop Demon Hunters' Global Concert Tour – How To Get Tickets

At Netflix upfronts, the streaming service has just made a big, but rather curious announcement. There will be a new KPop Demon Hunters global concert tour, bringing HUNTR/X to life.

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Cisco raises annual revenue forecast

May 13, 2026, 4:09 PM EDT - 6 hours ago

Cisco raises annual revenue forecast

Cisco ‌raised its annual revenue forecast on ​Wednesday, ​signaling that a surge ⁠in orders ​for its ​AI-powered networking equipment is set to ​drive growth.

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Allegiant CEO makes case for low-cost airline model as Sun Country acquisition closes

May 13, 2026, 4:04 PM EDT - 6 hours ago

Allegiant CEO makes case for low-cost airline model as Sun Country acquisition closes

Allegiant's acquisition of rival low-cost airline Sun Country closed on Wednesday. The airlines announced a $1.5 billion cash and stock agreement, including debt, in January.

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Anthropic Eyeing Over $900 Billion Valuation | Bloomberg Tech 5/13/2026

May 13, 2026, 4:04 PM EDT - 6 hours ago

Anthropic Eyeing Over $900 Billion Valuation | Bloomberg Tech 5/13/2026

Bloomberg's Caroline Hyde and Ed Ludlow discuss what to expect from the highly anticipated meeting between President Trump and China's Xi Jinping, as Nvidia CEO Jensen Huang gets added to the trip las...

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PayPal and Anthropic Take AI to Main Street Businesses

May 13, 2026, 4:03 PM EDT - 6 hours ago

PayPal and Anthropic Take AI to Main Street Businesses

PayPal said Wednesday (March 13) that it is partnering with Anthropic to offer a free online course called AI Fluency for Small Business and that its platform integrates with Anthropic's newly announc...

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Bulls bet big on these three China-related stock trades during Trump visit

May 13, 2026, 4:03 PM EDT - 6 hours ago

Bulls bet big on these three China-related stock trades during Trump visit

Chinese stocks, ETFs and related themes posted some of the biggest rallies in months.

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Netflix to Stream Green Bay Packers vs. LA Rams Thanksgiving Eve NFL Game

May 13, 2026, 4:00 PM EDT - 6 hours ago

Netflix to Stream Green Bay Packers vs. LA Rams Thanksgiving Eve NFL Game

The streamer's upcoming NFL season coverage includes five total matches.

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Oil Prices Surge as Energy & Travel Costs Climb High

May 13, 2026, 4:00 PM EDT - 6 hours ago

Oil Prices Surge as Energy & Travel Costs Climb High

Patrick De Haan (@gasbuddy) explains that oil prices will stay elevated due to infrastructure constraints and tensions involving Iran. Mark Wade says consumers will still travel this summer despite hi...

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Gold News: Gold Price Future Weakens After PPI Shock and Rising Treasury Yields

May 13, 2026, 3:54 PM EDT - 6 hours ago

Gold News: Gold Price Future Weakens After PPI Shock and Rising Treasury Yields

Gold prices fell for a second day as hot inflation data, rising Treasury yields and a stronger dollar pressured XAU/USD below key resistance.

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LinkedIn's layoffs will come with operational changes, memo shows

May 13, 2026, 3:52 PM EDT - 6 hours ago

LinkedIn's layoffs will come with operational changes, memo shows

LinkedIn is laying off employees and "scaling back" some investments. As part of the layoffs, the company is making changes to its product operations, according to a memo.

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Accenture, Roper Technologies, and 8 More Beaten-Down Stocks Worth Considering

May 13, 2026, 3:52 PM EDT - 6 hours ago

Accenture, Roper Technologies, and 8 More Beaten-Down Stocks Worth Considering

There's a likely a subset of S&P 500names that are too cheap—and ready to rally.

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Ford's stock is the S&P 500's biggest gainer. The carmaker is putting a very Tesla spin on things.

May 13, 2026, 3:46 PM EDT - 7 hours ago

Ford's stock is the S&P 500's biggest gainer. The carmaker is putting a very Tesla spin on things.

Ford's move to take a page out of Tesla CEO Elon Musk's playbook appears to be paying off, at least with investors.

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Anthropic Could Be Valued At $900B In New Raise, Next Chapter For Media | Bloomberg Deals 5/13/2026

May 13, 2026, 3:41 PM EDT - 7 hours ago

Anthropic Could Be Valued At $900B In New Raise, Next Chapter For Media | Bloomberg Deals 5/13/2026

A weekly, midday program that delivers high-impact, editorially driven coverage of the most important corporate transactions shaping the global market. Today's guests: Honeywell CEO Vimal Kapur, Citig...

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Meta launches WhatsApp 'incognito' mode to address privacy concerns for AI chats

May 13, 2026, 3:40 PM EDT - 7 hours ago

Meta launches WhatsApp 'incognito' mode to address privacy concerns for AI chats

Meta Platforms said Wednesday it's rolling out an "incognito" mode for WhatsApp users to have private conversations with its AI chatbot, a move intended to ease privacy concerns about sensitive inform...

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Trump in Beijing: Keep an Eye on These 3 China ETFs

May 13, 2026, 3:33 PM EDT - 7 hours ago

Trump in Beijing: Keep an Eye on These 3 China ETFs

If advisors and investors haven't been keeping a close eye on the Chinese market recently, now may be a very good time to start doing so.  On Wednesday, President Trump headed off to Beijing for a two...

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The Ex-China Files: ETFs to Watch Amid Trump's High-Stakes Visit

May 13, 2026, 3:33 PM EDT - 7 hours ago

The Ex-China Files: ETFs to Watch Amid Trump's High-Stakes Visit

Investing in emerging markets (EM) used to be synonymous with getting exposure to China. It's an ideal notion, given that it's the second largest economy and thus commands a heavy weight in standard E...

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Solving the Structural AI Power Deficit

May 13, 2026, 3:33 PM EDT - 7 hours ago

Solving the Structural AI Power Deficit

Semiconductors and software have largely overshadowed the electrification ETF trade. Paul Baiocchi, head of fund sales and strategy at SS&C ALPS Advisors, says most investors are missing the sectors t...

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Energy Sector Logs Record 14-Week Winning Streak

May 13, 2026, 3:33 PM EDT - 7 hours ago

Energy Sector Logs Record 14-Week Winning Streak

Key Takeaways: S&P 500 Energy has posted a record 14-week winning streak, the longest in the sector's history. XLE has attracted $6 billion in inflows over three months as investors seek energy exposu...

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Why the Healthcare Sector Warrants Concentrated Exposure

May 13, 2026, 3:32 PM EDT - 7 hours ago

Why the Healthcare Sector Warrants Concentrated Exposure

Sure, portfolio diversification may be important, but some equity sectors currently look a bit more promising than others. Key Takeaways: Diversification may be a valuable portfolio approach, but indi...

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Charts to Watch: SPX All-Time High, CIFR & LLY Breakouts

May 13, 2026, 3:30 PM EDT - 7 hours ago

Charts to Watch: SPX All-Time High, CIFR & LLY Breakouts

@CharlesSchwab's Kevin Horner breaks down key market charts as the S&P 500 (SPX) taps new record highs, backed by investors defending the 10-day SMA. In stock movers, he highlights notable technical s...

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