Business news

Business news • May 05

AMD forecasts revenue above expectations on strong AI demand, shares jump 12%

Advanced ​Micro Devices forecast second-quarter revenue above Wall Street expectations on Tuesday, helped by keen demand for its data-center chips as...

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Business news • May 05

OpenAI president forced to read his personal diary entries to jury

Greg Brockman never wanted to discuss his personal journal in public. But the OpenAI president has been stuck for days doing exactly that, while testifying...

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Business news • May 05

AMD Stock Jumps on Solid Earnings

Advanced Micro Devices reported solid first-quarter earnings results on Tuesday afternoon. Its shares, up 60% this year, were soaring in after-hours trading...

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Business news • May 05

Elon Musk Wanted OpenAI to Go Commercial, Greg Brockman Testifies

Greg Brockman, OpenAI's president, testified in a trial pitting Mr. Musk against his company that the world's richest man was eager to change how it...

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Business news • May 05

Real estate titan compares 'tax the rich' slogan to racial slurs

NEW YORK — Real estate magnate Steve Roth is standing strong with fellow billionaire Ken Griffin in his spat with Mayor Zohran Mamdani.

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Business news • May 05

Trump Sets Sights on Unfortunate New Goon in Firing Spree

Trump raged at his FDA commissioner for not reversing his own policy and allowing for flavored vapes.

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Business news • May 05

CISA tells critical organizations to prepare for cyber outages

Fresh off the longest shutdown in government history, CISA is pushing critical infrastructure orgs to plan for a cybersecurity emergency.

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Business news • May 05

Lucid (LCID) will adjust EV production after ending Q1 with bloated inventory

Lucid Group (LCID) said it will adjust EV production after a supplier issue “significantly affected” Gravity deliveries in the first quarter.

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Business news • May 05

James Murdoch's Lupa Systems circles Vox Media assets

Vox Media is in late discussions with James Murdoch's investment firm, Lupa Systems, to sell its podcast network and part of its publishing business,...

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Business news • May 05

James Murdoch in Talks to Buy Vox’s New York Magazine and Podcast Division

Challenging ad market, changes in search traffic and more competition have forced digital-media firms to recalibrate.

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Business news • May 05

‘EBay Is Not Happy With Me,’ GameStop CEO Says

GameStop chief executive Ryan Cohen says he has the financing to acquire eBay, one day after repeatedly telling CNBC that the video game retailer was...

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Business news • May 05

Pennsylvania sues Character.AI over claims chatbot posed as doctor

The state of Pennsylvania is suing Character.AI to stop the company's AI chatbots from posing as doctors and offering medical advice, in violation of state...

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Business news • May 05

Apple agrees to pay iPhone owners $250 million for not delivering AI Siri

Apple has agreed to pay $250 million to settle a class action lawsuit that accused it of misleading customers about the availability of its Apple...

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Business news • May 05

Stock Market Today: Nasdaq, S&P 500 End At Record Highs As Techs Rise; Intel Shares Surge (Live Coverage)

Stock Market Today: The Dow Jones index rose Tuesday as oil prices fell. Palantir stock dropped after its earnings report.

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Business news • May 05

AMD Profit, Revenue Jump on Growth of Data Center Business

Chip maker says sales in the segment surged 57% as artificial intelligence boosts demand.

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Business news • May 05

Trump Pressures FDA Commissioner to Approve Flavored Vapes

WASHINGTON—A frustrated President Trump over the weekend upbraided Food and Drug Administration Commissioner Marty Makary for not moving quickly enough to...

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Business news • May 05

AMD stock rises on Q1 earnings beat, better-than-expected outlook

AMD (AMD) reported its first quarter results after the bell on Tuesday, beating analysts' expectations on the top and bottom lines and topping Wall Street's...

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Business news • May 05

AMD's stock soars 15% as data center growth pushes revenue and guidance past estimates

AMD's earnings report lands as investors rush into the stock on optimism that the AI boom is just getting started.

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Business news • May 05

AMD Gives Upbeat Forecast After AI Data Center Demand Surges

Advanced Micro Devices Inc., the leading challenger to Nvidia Corp. in AI computing chips, soared to new heights in late trading after a flood of data...

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Business news • May 05

US to safety test new AI models from Google, Microsoft, xAI

New artificial intelligence (AI) tools and capabilities from Google, Microsoft and xAI will now be tested by the US Department of Commerce before they are...

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