Author: franperez66q@protonmail.com
Starbucks cuts 61 technology jobs in Seattle Source link
Microsoft CEO Satya Nadella took the stand in the Musk v. Altman trial on Monday, where he testified that Elon Musk never contacted him with concerns that Microsoft’s investments in OpenAI were in violation of any special terms or commitments.Nadella, wearing a navy suit with a blue tie, concluded his testimony in federal court in Oakland, California, after several hours of questioning. He answered questions about the early days of Microsoft’s strategic partnership with OpenAI, his understanding of the company’s relationship and his role during the chaotic few days were Sam Altman was briefly ousted as CEO of OpenAI. In…
Melanie Ward, aide to Deputy Prime Minister David Lammy, has become the latest Parliamentary Private Secretary (PPS) to quit, following Naushabah Khan, PPS to Cabinet Office Minister Darren Jones, and Tom Rutland, PPS to Environment Secretary Emma Reynolds. Source link
The AI trade has taken many forms this year, from surging semiconductors to record-setting ETFs and a fresh breakout in the Mag-7 stocks. Now, traders are setting their sights on an old variation of that theme that has sat out the most recent leg of the rally: silver.Silver prices surged 7% Monday to the highest since March and copper added 3.3% to $6.50, a new record. Both metals are used for their thermal conductivity and electrical wiring in data-centers crucial to handling AI demand, but silver appears to have captured more retail interest.Trading in the iShares Silver ETF (SLV) followed…
The General Motors global headquarters in Detroit, Jan. 12, 2026.Jeff Kowalsky | Bloomberg | Getty ImagesDETROIT – General Motors is laying off hundreds of salaried employees in its information technology operations as the automaker reevaluates its workforce needs and cuts costs, CNBC has learned.The global reductions began Monday and will impact about 500 to 600 employees, largely in Austin, Texas, and Warren, Michigan, according to a person familiar with the plans who was not authorized to speak publicly about the layoffs. GM confirmed the cuts, which were first reported by Bloomberg News, but declined to give specific details about the…
Boeing gets FAA approval to return MD-11 cargo planes to service Source link
In a press briefing in Omaha on Monday morning, federal and Nebraska officials corrected the HHS statement, saying that the US has repatriated 18—not 17—people, which includes 17 US citizens and one person who is a dual British/US citizen. The passengers range in age from late 20s to late 70s–early 80s. On the flight to Omaha, two were flown in special biocontainment units “out of an abundance of caution.” That includes the one person who tested “mildly positive,” and a second person who had symptoms. For now, the definition of symptoms is “liberal,” including anything as minor as nasal congestion,…
A sign displays the prices of unleaded, premium, and diesel gasoline at a Speedway gas station in Columbus, Ohio, US, on Monday, May 11, 2026. Brian Kaiser | Bloomberg | Getty ImagesPresident Donald Trump and congressional Republicans are proposing suspending the federal gas tax as prices at the pump continue to soar ahead of the 2026 midterm elections. Gasoline and oil prices have jumped since the U.S.-Israeli war with Iran broke out more than two months ago. Iran has largely brought the Strait of Hormuz, which normally carries a fifth of the world’s oil, to a standstill since the first…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.The closest Vladimir Putin and I have ever been was on May 9, 2005 — Victory Day in Russia.Me, an aspiring 12-year-old dancer, performing in a musical showcasing the entire Great Patriotic War — the part of the second world war involving the Soviet Union — staged on Moscow’s Red Square, a great honour for my provincial dance group. Him, elected to his second term as Russian president, sitting in the stands nearby, just a couple of dozen metres away, surrounded by war…
Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. Markets are chugging along to new record highs again. Pockets of the tech trade are continuing to surge, with Lumentum , Coherent , Corning , Western Digital , Micron , Seagate , Qualcomm , and Qnity Electronics all up 5% or more. Energy stocks traded higher alongside oil after President Donald Trump said the Iran ceasefire is “on life support” after an “unbelievably weak” counterproposal to end the war. Consumer-related stocks…