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US indicts two foreign operators, individual in 2024 collapse of Baltimore Key Bridge Source link
Cohen not “passionate about GameStop” Cohen said in an interview with Business Insider that he would prefer to be the CEO of eBay than the CEO of GameStop. “I did not want to be the CEO of GameStop. I want to be the CEO of eBay,” he said. “I’m passionate about eBay. I believe in eBay’s business. I wasn’t passionate about GameStop. That’s the difference.” Cohen claimed that eBay could become more successful by dramatically cutting sales and marketing costs, and by using GameStop’s 1,600 US stores as “a national network for authentication, intake, fulfillment, and live commerce.” But eBay’s…
Some residents in Telford add their voices to calls for Sir Keir Starmer to quit. Source link
A customer shops for produce in an H-E-B grocery store on May 11, 2026 in Austin, Texas. Brandon Bell | Getty ImagesTraders moved further away Tuesday from expecting any Federal Reserve interest rate cuts and in fact began anticipating a higher probability that the next move would be a hike.Following a hotter-than-expected inflation report, market pricing took virtually any chance of a cut off the table between now and the end of 2027, according to the CME Group’s FedWatch tracker of 30-day fed funds futures contracts.Instead, they priced in a better than 1-in-3 chance of an increase by the end…
A United Airlines plane approaches the runway at Denver International Airport on March 23, 2026.Al Drago | Getty ImagesUnited Airlines flight attendants approved a new five-year labor contract with 31% average raises to base pay by August and other improvements, marking the last of the major carriers with unionized flight crews to reach a deal post-Covid.The labor deal would give United’s roughly 30,000 flight attendants their first raises in close to six years. The company and the flight attendants’ union reached a preliminary deal in March. Crews had rejected a contract last year.The union said the contract won 82% approval…
US House lawmakers press Paramount CEO on Warner Brothers acquisition Source link
Qualcomm is one of the biggest semiconductor companies making chipsets.Nurphoto | Nurphoto | Getty ImagesChip stocks dropped on Tuesday, pulling back from a massive rally that broadened the artificial intelligence trade beyond Nvidia and propelled the sector to new highs. Qualcomm plummeted 13% and headed for its worst session since 2020. Intel dropped 8%, while On Semiconductor and Skyworks Solutions declined more than 6% each. The iShares Semiconductor ETF tracking the sector sank 5%. Tuesday’s declines followed a hotter-than-expected reading of a key consumer inflation measure as the war in Iran lifts oil prices, sending investors into risk-off mode. The…
A growing number of Labour MPs are coming out against the prime minister. Source link
OpenAI CEO Sam Altman took the witness stand to testify in federal court in Oakland, California, on Tuesday as part of the trial in Elon Musk’s lawsuit against the artificial intelligence company. Bret Taylor, the chairman of the board at OpenAI, concluded his testimony before Altman was called.Taylor was called as a witness on Monday afternoon, where he answered questions about the role of OpenAI’s board and the company’s corporate structure. He will re-take the stand at 8:30 a.m. PT on Tuesday. Musk sued OpenAI, Altman, and the company’s president, Greg Brockman, in 2024, alleging they went back on their vow to…
Investing.com — Shares of fell nearly 5% in mid-day trading as a confluence of sector-specific regulatory fears and a negative macro surprise drove investors to reduce exposure to high-flying semiconductor names. The chip sector, which had been outperforming the broader market on the back of undying AI demand, came under pressure as sentiment shifted sharply. The primary catalyst weighing on AMD and its peers was a proposal from South Korean officials to fund a “citizen dividend” through taxes levied on AI-related profits, which rattled semiconductor investors globally. Samsung Electronics and SK Hynix fell sharply in Seoul, and the contagion spread…