Business news

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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Business news • May 05

Lumen to Acquire Alkira, Establishing the Control Plane for Cloud Connectivity

Unites Lumen's physical infrastructure and programmable network with Alkira's cloud-native Network-as-a-Service control plane to deliver a single,...

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Business news • May 05

James Murdoch’s Company Said to Be in Talks to Acquire Major Parts of Vox Media

A deal for Vox Media, which generates more than $80 million through podcasts alone, would elevate Mr. Murdoch's company, Lupa Systems, as a major player in...

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Business news • May 05

'I thought he was going to hit me,' OpenAI co-founder says of Musk

Brockman, a co-founder of OpenAI and a defendant in Musk's lawsuit attempting to undo its transition to a for-profit business, told a jury in Oakland...

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Business news • May 05

Historic LaGuardia Airport terminal deserted after Spirit Airlines shutdown

The abrupt shutdown of Spirit Airlines over the weekend has turned an entire terminal at LaGuardia Airport into a ghost town.

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Business news • May 05

This is the most layoff-prone job in tech right now

AI is chipping away at traditional oversight across tech, leaving middle managers who don't do individual contributor work especially vulnerable.

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Business news • May 05

Formerly SF-headquartered crypto giant to lay off 700 workers in AI shift

A San Francisco-founded cryptocurrency company, Coinbase, is set to slash 14% of its workforce as it shifts efforts toward artificial intelligence,...

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