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An F-35B Lighting II, attached to Marine Fighter Attack Squadron (VMFA) 121, takes off from the flight deck of America-class amphibious assault ship USS Tripoli (LHA 7), May 13, 2026.Courtesy: U.S. Navy U.S. Central Command on Monday said Iran fired two ballistic missiles overnight targeting American forces stationed in Kuwait, the latest in a series of attacks that further undermines a threadbare ceasefire.The missiles fired Sunday night at 11 p.m. ET were successfully intercepted and no U.S. personnel were harmed, CENTCOM said in an X post.”U.S. Central Command remains vigilant and will continue to protect our forces from Iranian aggression…

Uncertainty over U.S. tariffs and hopes that the Strait of Hormuz will reopen by summer are set to drive copper prices higher, according to analysts at Citi, which has turned bullish on the metal for the first time in 2026. In a note published on Monday, Citi analysts forecast the price of copper to hit $14,500 per metric ton next month and $15,000 per metric ton within a year. Citi’s one-year forecast would mark a more than 10% increase from a benchmark 3-month copper price of $13,636 per ton as of 7:38 a.m. ET on Monday, according to London Metal…

IBM shares surge 15% after Trump video resurfaces Source link

OpenAI’s diagram is based on choosing c² = 65, which can be satisfied by either 1² + 8² = 65 or 4² + 7² = 65. This means that if the grid spacing is 1/√65, each point will be one unit away from 16 other points: (1,8), (4,7), (7,4), (8,1), (-1,8), (-4,7), and so forth. Larger values for c²—if they’re chosen carefully—enable more whole-number diagonals and hence more unit-distance pairs. However, if c² is too large compared to the number of points in the grid, then many of the potential one-unit-away neighbors will be outside the grid. In short, we…

Matthias Balk | Picture Alliance | Getty ImagesFive years ago, venture capitalists were pouring money into American startups selling everything from lingerie subscriptions to scheduling software, anointing them with billion-dollar valuations before most even turned a profit.It was a frothy era for startups, fueled by a combination of cheap money and pandemic-boosted demand. But even after the Federal Reserve took some froth off by starting to raise interest rates in 2022, many founders believed that they could grow into their inflated valuations, investors told CNBC.Then, an app called ChatGPT arrived.”The ChatGPT moment was when people said, ‘Holy smokes, the next…

BYD snaps longest streak of sales declines Source link

The AI revolution is 50 times bigger than the dotcom revolution in the 2000s, SoftBank CEO Masayoshi Son told CNBC Monday.”I think this is like more than 10x, probably 50x bigger than dotcom,” Son told CNBC’s Arjun Kharpal in Paris, a day after the company announced that it’s investing 75 billion euros ($87 billion) to build AI infrastructure in France, including 5 GW of AI data center capacity. The SoftBank chief said the dotcom crash experienced a painful burst, which proved to be just a small bump in a much bigger long-term growth story.”This is the biggest revolution of technology…

Those with an understanding of how the embassy in Washington works describe it as being almost like a government department itself in size – and, crucially, with connections to so many aspects of the Whitehall government machine, given the importance of the UK-US relationship. This is particularly true on military and intelligence matters, much of which will likely be redacted from this document drop on national security grounds. Source link

Software stocks spiked ahead of Monday’s opening bell after Nvidia CEO Jensen Huang unveiled plans for a new chip that will power personal computers.Investors are piling into a range of computer-related names on the first trading day of June, with ServiceNow leading the premarket rise after soaring 14.4% ahead of the opening bell. IBM surged 12.7% and Hewlett Packard rose 12.6%. ARM is up 12.2% before Monday’s market open, while Nebius has added more than 2%.Speaking at Taiwan’s Computex conference on Monday, Huang unveiled the new N1X processor, made alongside Microsoft, which he said will spark a “reinvention of the computer….as…

Former Federal Reserve chair Jerome Powell has warned that attempts by the U.S. government to exert greater political pressure on the central bank will damage public confidence in its independence.Powell — whose time as Fed chair concluded on May 15 — said the central bank, along with other institutions such as the courts and universities, is facing a political “stress test” from President Donald Trump’s administration.Speaking at the John F. Kennedy Library Foundation in Boston, Powell highlighted the White House’s push for his resignation, a Department of Justice criminal investigation into his time as chair and attempts to fire Fed…