May 21 WATCH: Trump explains why he postponed signing AI executive order By Collin Binkley, Matt O'Brien, Associated Press President Donald Trump called off a signing ceremony Thursday for a new order on artificial intelligence because he worried it could dull America’s edge on AI technology. Continue reading
May 21 SpaceX reveals plans for what could be the biggest-ever initial public offering By Bernard Condon, Associated Press Elon Musk announced plans Wednesday for one of the biggest stock sales ever by taking public a space company that is currently losing billions of dollars a year. Continue reading
May 18 Federal court rejects Elon Musk's claims against OpenAI, saying he filed his lawsuit too late By Barbara Ortutay, Associated Press The trial shed light on the bitter falling-out between the two Silicon Valley titans and the beginnings of OpenAI, now a company valued at $852 billion and moving toward potentially one of the largest initial public offerings in history. Continue reading
May 18 Supreme Court rejects appeals from drug manufacturers over Medicare price negotiations with government By Mark Sherman, Ali Swenson, Associated Press The negotiation program was created as part of the 2022 Inflation Reduction Act, which capped years of debate over whether the federal government should be allowed to haggle directly with manufacturers over the prices of drugs in Medicare. Continue reading
May 18 Summer travelers who relied on Spirit Airlines may struggle to find affordable alternatives By Rio Yamat, Associated Press The developments illustrate how difficult it's gotten for low-cost airlines to operate while squeezed by jet fuel prices, changing consumer preferences and competition. Continue reading
May 16 Trump returns to the U.S. from China with pressure over rising inflation By Josh Boak, Associated Press WASHINGTON (AP) — President Donald Trump returned from the spectacle of a Chinese state visit to a less than welcoming U.S. economy — with the military band and garden tour in Beijing giving way to pressure over how to fix… Continue reading
May 16 Walmart and Amazon compete for rural America with faster deliveries By Anne D'Innocenzio, Associated Press Analysts at investment bank Morgan Stanley estimate the underserved market could be worth up to $1 trillion in annual sales. Continue reading
May 15 Takeaways from Fed chair Jerome Powell's legacy By Chris Rugaber, Associated Press Federal Reserve Chair, Jerome Powell is stepping down after eight years. Here are key takeaways from his tenure. Continue reading
May 15 Starbucks to lay off 300 US corporate workers and close regional offices By Dee-Ann Durbin, Associated Press Starbucks said Friday it’s laying off 300 corporate employees and closing some U.S. offices as part of its ongoing turnaround. Continue reading
May 14 Retail sales growth slowed in April as Iran war fuels higher gas prices By Anne D'Innocenzio Retail sales rose 0.5% in April, a slowdown from the revised growth level of 1.6% in March, according to Commerce Department data released Thursday. March marked the largest one-month increase in retail spending in more than three years, largely because… Continue reading