Business News
Meta delays release of flagship 'Behemoth' AI model as engineers struggle: report
New York Post - 16 May 2025 01:15
Meta had called the Llama 4 Behemoth "one of the smartest LLMs in the world and our most powerful yet to serve as a teacher for our new models."
UK needs more nuclear to power AI, says Amazon boss
BBC - 16 May 2025 01:12
The world's largest cloud computing company plans to spend £8bn on new data centres in the UK over the next four years.
Trump's Computer Chip Deals With Saudi Arabia and UAE Divide US Government
The New York Times - 16 May 2025 00:49
Big deals to sell chips to the U.A.E. and Saudi Arabia have divided the U.S. government over whether they could be remembered for shipping cutting-edge A.I. overseas.
Home builders and buyers face bleak picture this spring. Weak housing starts illustrate why.
Market Watch - 16 May 2025 15:50Virgin Galactic's stock is skyrocketing. This is why.
Market Watch - 16 May 2025 15:14Bank of America says conditions are emerging for these unloved stocks to thrive.
Market Watch - 16 May 2025 15:00Temu And Shein Still Caught In Crossfire Of De Minimis Shake-Up
Forbes - 16 May 2025 14:48
While the Trump administration announced a temporary trade deal Monday slashing tariffs on Chinese goods, the rules on de minimis deliveries still include a $100 charge.
Inside the Rift Over Trump's A.I. Deals in the Gulf
The New York Times - 16 May 2025 14:48
The president's Middle East visit produced multibillion-dollar technology investments by the Saudis and Emiratis. But they face political pushback at home.
Dick's Acquires Foot Locker For $2.4 Billion, Building Share In Sports And Sneaker Markets
Forbes - 16 May 2025 14:35
Dick's, the retail leader in sporting goods, will acquire Foot Locker, the leading specialty footwear retailer, for $2.4 billion. Both depend heavily on sneaker sales.
Ripple Confirms XRP Victory Stands as SEC Deal Collapses in Court
Bitcoin.com - 16 May 2025 02:30
XRP's regulatory clarity remains rock-solid as Ripple's legal chief confirms its non-security status is untouched, even after a court setback stalls a proposed SEC deal. Ripple Legal Chief Defuses Panic After Court Rejec...
Wisconsin Investment Board sold off its Bitcoin ETF stash
Coin Telegraph - 16 May 2025 01:58
The State of Wisconsin Investment Board (SWIB), which oversees the state’s retirement funds, unloaded its shares in BlackRock’s iShares Bitcoin Trust ETF (IBIT) during the first quarter, filings show. The Wisconsin I...
Rite Aid To Sell Pharmacy Assets From More Than 1,000 Stores To CVS, Walgreens And Grocers
Forbes - 16 May 2025 00:57
CVS Health, Walgreens and grocers Kroger and Albertsons are among the buyers Rite Aid is selling prescription files and related assets to from more than 1,000 stores.
Walmart, Mattel and other retailers to boost prices as trade war hits shoppers
L.A. Times - 16 May 2025 00:47
Retailers including Walmart and Mattel are raising prices to cover extra costs imposed by President Trump's tariffs on foreign imports.
Mark Zuckerberg's Meta refuses to crack down on rampant scams from bogus ads to avoid losing revenue: report
New York Post - 16 May 2025 23:48
Tech giant whose digital properties include popular social networks Facebook and Instagram is under scrutiny over its role in enabling online scams.
Moody's strips America of its Triple-A credit rating -- here's why
New York Post - 16 May 2025 23:43
Moody's was the last among major ratings agencies to keep a top, triple-A rating for US sovereign debt, though it had lowered its outlook in late 2023 due to wider fiscal deficit and higher interest payments.
Filecoin, Lockheed Martin send data in space using decentralized data protocol
Coin Telegraph - 16 May 2025 23:40
The Filecoin Foundation and Lockheed Martin Space have successfully transmitted data in space using a version of the InterPlanetary File System (IPFS) on a satellite orbiting Earth, Marta Belcher, president of the Fileco...
What the Pope Was Like as a Kid
The New Yorker - 16 May 2025 23:37
Bobby was a good guy. But sometimes he'd do weird shit like put his hand on my head, unprompted, which was annoying.
Moody's Downgrades U.S. Credit Rating Below Triple-A
The New York Times - 16 May 2025 23:36
The downgrade means that each of the three major credit rating firms no longer gives the United States its best rating.
Apple blocks Fortnite's return to the U.S. App Store and Epic Games Store in EU, despite ruling
Venture Beat - 16 May 2025 23:35
Epic Games Apple has blocked Epic's submission of Fortnite to the U.S. Apple App Store and the Epic Games Store for iOS in the EU.
Moody's Pushes U.S. Out Of Elite 'AAA' Credit Club, Citing Rising Debt
The Huffington Post - 16 May 2025 23:33
On Friday, the agency changed its outlook on the U.S. to "stable" from "negative."
UFC 319 Main Event | Dricus Du Plessis Vs Khamzat Chimaev Opening Odds
Forbes - 16 May 2025 23:32
We look at the opening betting odds for the main event of the UFC 319 fight card, a middleweight title fight between champion Dricus du Plessis and Khamzat Chimaev.
Webull Pay Taps Coinbase for Crypto Trading, Custody Infrastructure
Bitcoin.com - 16 May 2025 23:30
Coinbase will provide cryptocurrency trading, custody, and staking services to Webull Pay through its Crypto-as-a-Service (CaaS) platform starting in June 2025, the two companies announced Friday. Coinbase to Provide Bac...