OpenAI is said to be thinking about taking legal action against Apple Inc. (AAPL), claiming that the iPhone rollout of ChatGPT hasn't met expectations, as reported by Bloomberg.
Anthropic clarified that its Claude chatbot's habit of telling users to "get some sleep" or "go rest" is more of a quirky behavior than a built-in feature.
Starbucks Corp. (SBUX) has announced it will be cutting 300 corporate jobs in the U.S. and shutting down some regional support offices. This move is part of CEO Brian Niccol's ongoing efforts to turn the company around.
Stocks are likely to come under pressure in early trading on Friday, giving back ground after ending the previous session mostly higher. The major index futures are currently pointing to a sharply lower open for the markets, with the S&P 500 futures down by 1.2 percent. Profit taking may contribute...
Foresight Financial Group, Inc. (FGFH) Friday announced a Board approval to repurchase up to $5 million of its common stock, which will remain in effect until June 30, 2027. The bank holding company headquartered in Illinois adopted a trading plan under the Rule 10b5-1 Plan, and accordingly third-party...
Centrica plc (CNA.L) on Friday said its unit British Gas Trading Limited has agreed to pay £20 million into the UK energy regulator Ofgem's Voluntary Redress Fund following an investigation into its past prepayment meter installation practices. The payment settles Ofgem's probe into the company's...
Meridian Energy Limited (MEZ.AX) reported higher retail sales volumes, improved customer demand, and rising hydro storage supported by sizeable inflows in April. Meridian's retail sales volumes increased 8.2% year-on-year, driven by broad-based growth across segments: residential up 25%, small and...
The Federal Reserve released a report on Friday showing industrial production in the U.S. rebounded by much more than anticipated in the month of April. The report said industrial production climbed by 0.7 percent in April after falling by a revised 0.3 percent in March. Economists had expected industrial production to rise by 0.3 percent.
New York manufacturing activity grew strongly in the month of May, the Federal Reserve Bank of New York said in a report released on Friday. The New York Fed said its general business conditions index shot up to 19.6 in May from 11.0 in April, with a positive reading indicating growth. The increase surprised economists, who had expected the index to pull back to 7.8.
Producer prices in Japan were up 2.3 percent on month in April, the Bank of Japan said on Friday. That was far higher than forecasts for an increase of 0.7 percent and up sharply from the upwardly revised 1.0 percent gain in March (originally 0.8 percent). On an annual basis, producer prices spiked...
The United States announced that in partnership with Venezuela and the United Kingdom and with technical support from the International Atomic Energy Agency, it has successfully removed excess highly enriched uranium from Venezuela's shuttered RV-1 research reactor. The RV-1 was the country's first and only nuclear reactor, originally built for peaceful scientific research and later repurposed
The Trump Administration is intensifying pressure on Iran's Islamic Revolutionary Guard Corps by targeting the financial networks that enable its illicit oil operations. Monday, the Department of the Treasury's Office of Foreign Assets Control imposed sanctions on a network involved in selling and shipping Iranian oil to overseas buyers, including China, on behalf of IRGC, and three senior offici
The United States has boycotted the International Migration Review Forum and announced that it will not support the May 8 "progress" declaration. The United States has persistently objected to the United Nations' efforts to advocate and facilitate replacement immigration in the country and across...
Following the strength seen in the previous session, stocks pulled back sharply over the course of the trading day on Friday. The major averages all showed significant moves to the downside on the day. The major averages finished the day off their lows of the session but still firmly negative.
European stocks closed sharply lower on Friday on renewed concerns about inflation as oil prices rose sharply amid Middle East tensions. A lack of positive outcome from the U.S.-China summit weighed as well on sentiment.
Asian stocks declined on Friday after U.S. Treasury yields hit one-year highs, prompting traders to increase their bets on a Federal Reserve rate hike this year. Rising oil prices dented sentiment as attacks on one ship and the seizure of another around the Strait of Hormuz stoked concerns about energy...
York Space Systems, Inc. (YSS) shares declined 16.79 percent to $24.08, down $4.86 on Friday, after the aerospace company reported a sharply wider first-quarter net loss driven by substantial stock-based compensation expense following its initial public offering.
Reversing the gains from yesterday's session, Canadian stocks slumped on Friday as the U.S.-China summit concluded with no announcement on a possible Chinese mediation to end the U.S.-Iran war, thereby renewing escalation concerns and leaving the Hormuz crisis unresolved.
May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.
Cryptocurrencies are trading with overnight losses of more than a percent amidst a weak global market sentiment overwhelmed by worries about inflation and interest rate hikes.
President Donald Trump has described the talks with his Chinese counterpart Xi Jinping as "great". Trump's response to reporters' questions after a nearly two-hour long high-stakes meeting at the Great Hall of the People in Beijing on Thursday was limited. The White House said "The two sides agreed that the Strait of Hormuz must remain open to support the free flow of energy." U.S. media repor
The May FDA calendar appears relatively light. The upcoming regulatory milestones include a potential label expansion of argenx SE's VYVGART, and an additional indication for Daiichi Sankyo Company and AstraZeneca plc's cancer therapy Enhertu, among others.
Malaysia's economy expanded at a faster than estimated pace in the first quarter, underpinned by household spending and investment, data from the Department of Statistics showed Friday. Gross domestic product logged an annual growth of 5.4 percent, which was revised up from the initial estimate of 5.3 percent. This followed a revised 6.2 percent expansion in the fourth quarter of 2025.
Partly reflecting a jump in wholesale inventories, the Commerce Department released a report on Thursday showing U.S. business inventories increased by slightly more than expected in the month of March. The report said business inventories climbed by 0.9 percent in March after rising by 0.4 percent in February. Economists had expected business inventories to grow by 0.8 percent.
The Labor Department released a report on Thursday showing a substantial increase in import prices in the U.S. in the month of April. The report said import prices shot up by 1.9 percent in April after climbing by an upwardly revised 0.9 percent in March. Economists had expected import prices to jump by 1.0 percent.
A report released by the Commerce Department on Thursday showed retail sales in the U.S. increased in line with economist estimates in the month of April. The Commerce Department said retail sales climbed by 0.5 percent in April after jumping by a downwardly revised 1.6 percent in March.
Salmonella outbreaks linked to backyard poultry across 18 new states in the U.S. have sickened 150 more people. With this, the total count of infections rose to to 184, Centers for Disease Control and Prevention said. This includes 53 hospitalizations and one death in a person from Washington state. Over...
The Centers for Disease Control and Prevention has said that currently 41 people across the U.S. are under monitoring for suspected hantavirus infection. They include passengers who were recently repatriated from the hantavirus-hit cruise ship MV Hondius in Tenerife, and are now in ASPR Regional Emerging...
Oklahoma is set to require manufacturers and distributors of medical cannabis to get registered with the U.S. Drug Enforcement Administration if they want to keep their state permits, starting in 2027.
A new study published in Nature Mental Health found that people who use both cannabis and tobacco may face a higher risk of developing serious mental health conditions such as schizophrenia, especially if they are already considered at risk for psychosis. Researchers from Vanderbilt Health studied...
World Bright International Limited is recalling around 18,500 Agio Menlo Woven Patio Swings after receiving reports that the seat can come loose from the frame while in use, posing a risk of serious injury or even death.
ZWILLING J.A. Henckels is recalling approximately 113,440 ENFINIGY electric kettles in the U.S. because the handles can loosen and detach, which could lead to hot water spilling and serious burns.
Instagram run by Meta Platforms Inc. (META) has introduced a new feature called Instants, which lets you share photos that disappear after being sent to selected contacts right after you take them.
Shares of Cisco Systems Inc. were climbing around 20 percent in the overnight trading and are up 17 percent in pre-market activity on Nasdaq after the tech major raised fiscal 2026 outlook following double-digit growth in top and bottom-line in its third quarter. Further, amid the AI-focused restructuring, the firm announced a reduction of fewer than 4,000 jobs in the fourth quarter...