A jury rejected Elon Musk’s claims that OpenAI under Sam Altman’s leadership betrayed its mission to benefit the public by morphing into a for-profit business, finding that he waited too long to sue the company. It may be remembered as the first antitrust case of the artificial intelligence era, even though antitrust appears nowhere in the complaint. The antitrust question raised by Musk isn’t whe...
A jury rejected Elon Musk’s claims that OpenAI under Sam Altman’s leadership betrayed its mission to benefit the public by morphing into a for-profit business, finding that he waited too long to sue the company. It may be remembered as the first antitrust case of the artificial intelligence era, even though antitrust appears nowhere in the complaint. The antitrust question raised by Musk isn’t whether OpenAI abandoned its founding mission. It’s whether the companies at the frontier of AI will become independent competitors or remain financially, technologically, and operationally dependent on today’s tech giants. In a post on X this week, Musk said that he will be filing an appeal with the Ninth Circuit court, noting “the judge and jury never actually ruled on the merits” of the OpenAI case. For a closer look, we speak with Matthew Schettenhelm, Media Litigation Analyst for Bloomberg Intelligence. (Source: Bloomberg)
US benchmark equity indexes were higher intraday as traders awaited minutes of the Federal Reserve's Upgrade to read this MT Newswires article and get so much more. A Silver or Gold subscription plan is required to access premium news articles.
US benchmark equity indexes were higher intraday as traders awaited minutes of the Federal Reserve's Upgrade to read this MT Newswires article and get so much more. A Silver or Gold subscription plan is required to access premium news articles.
The world has changed dramatically since the Brexit referendum and politics needs to catch up The spectacle of a prime minister clinging to power while his party grows increasingly desperate for a replacement is painfully familiar from the end of the last Tory government. British politics feels trapped in a loop. This condition is not wholly a result of Brexit, but the failure of that project is a...
The world has changed dramatically since the Brexit referendum and politics needs to catch up The spectacle of a prime minister clinging to power while his party grows increasingly desperate for a replacement is painfully familiar from the end of the last Tory government. British politics feels trapped in a loop. This condition is not wholly a result of Brexit, but the failure of that project is a significant part of it. None of the benefits promised in the referendum by the leave campaign have materialised. It is all downside, but political discussion of any significant rewriting of the terms of departure is taboo. Sir Keir Starmer’s “reset” of European relations is mostly tinkering at the margins. Meanwhile, the strategic calculus has changed entirely since 2016. Russia’s full-scale invasion of Ukraine exposed European complacency about continental defence and energy security. Donald Trump’s aggressive contempt for old allies makes it clear that they cannot depend on the US for protection. Continue reading...
Conflict and aid cuts are hampering the fight against an outbreak of the deadly virus centred in the Democratic Republic of the Congo The Democratic Republic of the Congo has faced the deadly threat of Ebola 16 times since the virus was discovered there in 1976, with a 2018-20 outbreak killing almost 2,300 people. On Sunday, the World Health Organization declared the 17th outbreak to be a public h...
Conflict and aid cuts are hampering the fight against an outbreak of the deadly virus centred in the Democratic Republic of the Congo The Democratic Republic of the Congo has faced the deadly threat of Ebola 16 times since the virus was discovered there in 1976, with a 2018-20 outbreak killing almost 2,300 people. On Sunday, the World Health Organization declared the 17th outbreak to be a public health emergency of international concern . So far, 139 suspected deaths and almost 600 suspected cases of the haemorrhagic fever virus have been identified, nearly all in the DRC’s north-eastern provinces of Ituri and North Kivu, with two cases in Uganda of people who had travelled from the DRC. There is also anxiety about neighbouring South Sudan. The WHO fears the disease has been spreading for a couple of months and, given the highly mobile population, warns that it could take months more to bring it under control. While it judges the risk of global spread to be low, it thinks the regional risk is high. Continue reading...
The upsurge in U.S. inflation, reaching a three-year high, has been fueled by rising oil prices and the residual effects of the Trump tariffs. But another thing is adding to the problem: the boom in artificial intelligence.
The upsurge in U.S. inflation, reaching a three-year high, has been fueled by rising oil prices and the residual effects of the Trump tariffs. But another thing is adding to the problem: the boom in artificial intelligence.
Players feel they should receive the 22% of tournament revenue from the Grand Slams. Their campaign, which began in late 2025, is being spearheaded by former WTA chairman and chief executive Larry Scott. The American will be in Paris on Friday for a meeting with French Open tournament director Amelie Mauresmo and FFT president Gilles Moretton. Meetings are also planned with representatives of the ...
Players feel they should receive the 22% of tournament revenue from the Grand Slams. Their campaign, which began in late 2025, is being spearheaded by former WTA chairman and chief executive Larry Scott. The American will be in Paris on Friday for a meeting with French Open tournament director Amelie Mauresmo and FFT president Gilles Moretton. Meetings are also planned with representatives of the All England Club (AELTC) and the US Tennis Association later in the fortnight. The players' action is designed to put pressure on the AELTC, with prize money for Wimbledon not due to be announced for another three weeks. Last year, the Wimbledon prize fund rose by 7% to £53.5m - double the amount on offer a decade earlier. Players look enviously, however, at the revenues generated by the Grand Slams and feel entitled to a larger slice of the cake. The AELTC's financial statement for the year to July 2025 showed revenue of £427m and profit after tax of £39.7m. Players have asked the Slams to pay 22% of their revenue in prize money by 2030. They are also asking that tens of millions of dollars are paid towards pension, healthcare and maternity benefits, and that they are consulted more widely on scheduling and other key decisions. At this month's Italian Open, world number one Aryna Sabalenka said she believes players will "at some point" boycott one of the majors. World number three Iga Swiatek felt that would be a "bit extreme", but defending French Open champion Coco Gauff said she would support strike action "if everyone were to move as one and collaborate". Men's world number one Jannik Sinner also claimed players are not getting the respect they deserve when it comes to prize money at the majors. An FFT statement on Wednesday read: "We regret the players' decision, which impacts all of the tournament's stakeholders: the media, broadcasters, the FFT and the entire tennis community, all of whom follow each edition of Roland Garros with great enthusiasm. "The French Tennis...
(RTTNews) - Despite a weak start and a very brief spell in negative territory around mid afternoon, the Switzerland stock market ended modestly higher on Monday with select counters attracting strong buying interest. The mood was cautious as weak economic data out of China showing the gloomy impact of the country's "zero-COVID" policy hurt sentiment. The benchmark SMI ended with a gain of 21.81 po...
(RTTNews) - Despite a weak start and a very brief spell in negative territory around mid afternoon, the Switzerland stock market ended modestly higher on Monday with select counters attracting strong buying interest. The mood was cautious as weak economic data out of China showing the gloomy impact of the country's "zero-COVID" policy hurt sentiment. The benchmark SMI ended with a gain of 21.81 points or 0.19% at 11,672.23, after scaling a low of 11,584.56 and a high of 11,721.57 intraday. Novartis and Roche Holding gained 1.35% and 1.1%, respectively, contributing significantly to market's positive close. Nestle gained about 0.65%, while Givaudan and Richemont posted modest gains. Partners Group, ABB, Sika and Logitech ended lower by 1.5 to 2%. SGS and UBS Group shed 1.21% and 1.16%, respectively. Geberit, Holcim, Zurich Insurance Group, Lonza Group and Swiss Life Holding lost 0.7 to 1%. In the Swiss Mid Price Index, Zur Rose plunged nearly 10%. Temenos Group, Swatch Group, AMS and VAT Group lost 2 to 3%, while Cembra Money Bank and George Fisher both ended lower by about 1.1%. Swiss Prime Site climbed nearly 2%. Adecco gained 1.3%, while PSP Swiss Property, Barry Callebaut, Sonova and BB Biotech gained 0.7 to 1%. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Hello and welcome to Regulator, a newsletter for Verge subscribers about the car crashes piling up on a daily basis at the Washington-based intersection of technology and politics. If you’re not a subscriber, sign up for our fine editorial enterprise today, especially as we process the end of Musk v. Altman. And if you have any tips about impending or hidden Washington car crashes, send ’em over t...
Hello and welcome to Regulator, a newsletter for Verge subscribers about the car crashes piling up on a daily basis at the Washington-based intersection of technology and politics. If you’re not a subscriber, sign up for our fine editorial enterprise today, especially as we process the end of Musk v. Altman. And if you have any tips about impending or hidden Washington car crashes, send ’em over to tina.nguyen+tips@theverge.com. A quick note: Regulator will be on hiatus for the next two weeks while I take a much-needed vacation. Unfortunately, this means I’ll be missing the public release of Pope Leo XIV’s encyclical on humanity in the age of technology, which I have been hearing about for months, but I anticipate that the rest of the Verge staff will be all over it, so bookmark us! Heated rivalry, AI super PAC edition Here’s a weird sign of the AI super PACs becoming their own political behemoths: They’re now becoming their own political weaknesses. On Tuesday, New York Democrat congressional candidate Alex Bores, whose campaign leans heavily on promoting AI regulation, challenged Leading the Future — the $100 million pro-AI super PAC funded by Palantir’s Joe Lonsdale, Andreessen Horowitz, and OpenAI’s Greg Brockman — to an in-person, real-world debate. In a press release, the Bores campaign laid out their conditions: Leading the Future could pick the moderator, it could pick its own representative, but it has to commit to a debate before the June 23rd primary. The likelihood of this debate taking place is slim to none. (Leading the Future declined to comment about the debate challenge.) Still, it’s a rapid escalation in a phenomenon I’ve been tracking for months: AI industry super PACs gaining their own political reputations, reflecting the companies and founders who fund them, then using those reputations to fight each other. When Leading the Future was launched last year, it was fairly typical for a super PAC, in that it was backed by several wealthy individuals...
The same investor who saw Facebook and Netflix coming before Wall Street says the next breakthrough moment is here, and almost nobody is paying attention. Washington, D.C., May 20, 2026 (GLOBE NEWSWIRE) -- When the iPhone launched in 2007, smartphones already existed. Most people just didn’t care about them yet. Then everything changed almost overnight. In a new free presentation , James Altucher ...
The same investor who saw Facebook and Netflix coming before Wall Street says the next breakthrough moment is here, and almost nobody is paying attention. Washington, D.C., May 20, 2026 (GLOBE NEWSWIRE) -- When the iPhone launched in 2007, smartphones already existed. Most people just didn’t care about them yet. Then everything changed almost overnight. In a new free presentation , James Altucher explains why he believes satellite internet is approaching that same kind of moment, where a technology most people view as niche suddenly becomes something everyone uses. The Pattern Every Big Technology Follows Altucher’s presentation walks through what he calls the “adoption curve” every major technology travels. Smartphones existed before the iPhone. Streaming existed before Netflix. Electric cars existed before Tesla. Each one looked clunky, expensive, or unnecessary, until one breakthrough made it impossible to ignore. Altucher believes satellite internet is sitting right at that turning point now. Why Satellite Internet Could Cross the Line Soon According to the presentation , satellite internet was once considered slow and unreliable. That has changed rapidly. The largest network already has more than 6,750 satellites in orbit, serves more than six million customers, and operates in over 100 countries. More importantly, Altucher says the technology is no longer experimental. It is being used on planes, on cruise ships, and in places traditional internet companies still can’t reach. He goes on to call it “the biggest opportunity I’ve seen in years.” Why Altucher Believes the Moment Is Now Altucher says iPhone moments are easy to spot in hindsight but almost impossible to recognize while they are happening. That is why he released the presentation now. He believes the gap between where satellite internet is today and where it could be very soon is the kind of window that closes quickly once the public catches on. About the Presentation James Altucher’s presentation is...
Vertigo3d/iStock via Getty Images I initiated coverage of the ProShares S&P 500 Dividend Aristocrats ETF ( NOBL ) with a Hold rating, warning readers why it could falter . It did not falter, but it has lagged the broader market. I added it to my ETF model portfolio last week, and I view it as a good alternative to large-cap stocks. I am upgrading NOBL to Buy. An Updated Look at NOBL ProShares has ...
Vertigo3d/iStock via Getty Images I initiated coverage of the ProShares S&P 500 Dividend Aristocrats ETF ( NOBL ) with a Hold rating, warning readers why it could falter . It did not falter, but it has lagged the broader market. I added it to my ETF model portfolio last week, and I view it as a good alternative to large-cap stocks. I am upgrading NOBL to Buy. An Updated Look at NOBL ProShares has a few ETFs that I really like. NOBL is focused on large-caps and does not look as attractive to me as the ones that are focused on mid-caps or small-caps. The ETF aims to match the returns of the S&P 500 Dividend Aristocrats Index and has done so since inception when adjusted for the management fee. This index includes S&P 500 companies that have increased dividends for the last 25 consecutive years. The index is equal-weighted rather than market-cap weighted and was launched in late 2005. This index has updated its Fact Sheet through the end of April. According to the page about NOBL on the ProShares website, it holds 69 names that are rebalanced quarterly at equal weighting. Here are the current top 10 names as of May 19th: ProShares I like that the top 10 represent just 16.2%. The sector exposure is currently very heavily weighted towards Consumer Staples and Industrials, both above 20% and substantially larger than their exposures in the S&P 500: ProShares There is no exposure to the Communications Services sector, which is currently more than 11% of the S&P 500. I like that Technology is less than 3%! Looking at the other sectors, the overweights relative to the S&P 500 by more than 5% include Consumer Staples, Industrials, and Materials. The underweights by at least 5% include Information Technology, Consumer Discretionary and Communications Services. Another thing I really like is that the exposure to the Magnificent 7 or Elite 8 is zero. While one of the largest names is an Energy company, the total exposure of the two names in NOBL is less than the exposure of the ...
Europe’s larger nations will no longer face mismatches against minnows such as San Marino or Andorra in men’s World Cup and European Championship qualifying after Uefa agreed a new format designed to produce more competitive fixtures. As reported by the Guardian in April the structure, which will take effect after Euro 2028, will be based on the most recent set of Nations League rankings. It will ...
Europe’s larger nations will no longer face mismatches against minnows such as San Marino or Andorra in men’s World Cup and European Championship qualifying after Uefa agreed a new format designed to produce more competitive fixtures. As reported by the Guardian in April the structure, which will take effect after Euro 2028, will be based on the most recent set of Nations League rankings. It will also include elements of the Swiss system implemented across Uefa’s club competitions over the past two seasons, meaning in effect that teams compete in larger groups. The change, approved by Uefa’s executive committee in Istanbul on Wednesday, will mean three groups of 12 teams make up League 1. The lower 18 nations, potentially 19 if Russia are reinstated, will play in three groups of six or two of six and one of seven within League 2. Each team will play six matches, three home and three away, drawn from three pots formed according to ranking. An unspecified number of teams in each group of League 1 will qualify for the tournament in question directly, with a playoff competition accommodating some of those who fall short along with a number from League 2. Those allocations will vary according to the tournament in question, with 24 teams reaching a European Championship and 16 spots currently available for Europe at World Cups. Host nations of any event held in Europe will qualify automatically but are also expected to take part in the fresh format. It largely mimics a similarly revamped Nations League, which will be consolidated into three leagues of 18 teams – League A, League B and League C – from its current four. Those will be divided into groups of six, with teams playing six games against five opponents, one of them home and away. A League C group would expand to seven teams if Russia return. The subsequent knockout stages will not be altered. The 36 teams in League A and League B of the Nations League will make up League 1 of the World Cup and European Championshi...
Kurt Anderson, Senior Vice President, Strategy & Business Development, Kyndryl U.S. kicks off the Building an AI Future-Ready Business event in New York by discussing new ways to enable continuous enterprise transformation and a competitive edge with AI. (Source: Bloomberg)
Kurt Anderson, Senior Vice President, Strategy & Business Development, Kyndryl U.S. kicks off the Building an AI Future-Ready Business event in New York by discussing new ways to enable continuous enterprise transformation and a competitive edge with AI. (Source: Bloomberg)
July ICE NY cocoa (CCN26) today is down -35 (-0.90%), and July ICE London cocoa #7 (CAN26) is down -48 (-1.62%). Cocoa prices are moving lower today, but remain above Monday's 2-week lows. Don’t Miss a Day: Since posting 3.75-month highs last Monday, cocoa prices retreated to 2-week lows on Monday amid an outlook for abundant supplies. Last Thursday, the Ivory Coast boosted its cocoa delivery esti...
July ICE NY cocoa (CCN26) today is down -35 (-0.90%), and July ICE London cocoa #7 (CAN26) is down -48 (-1.62%). Cocoa prices are moving lower today, but remain above Monday's 2-week lows. Don’t Miss a Day: Since posting 3.75-month highs last Monday, cocoa prices retreated to 2-week lows on Monday amid an outlook for abundant supplies. Last Thursday, the Ivory Coast boosted its cocoa delivery estimate to 2.2 MMT for the 2025/26 season, up from a previous projection of 1.8-1.9 MMT, citing favorable weather. Increased cocoa supplies from the Ivory Coast are bearish for prices. Monday's cumulative data from the Ivory Coast showed that farmers shipped 1.61 MMT of cocoa to ports in the current marketing year (October 1, 2025, through May 17, 2026), up +1.9% from the same period a year ago. Signs of abundant cocoa supplies are negative for prices, as ICE cocoa inventories rose to a 1.75-year high of 2,668,548 bags on May 7. Last Monday, cocoa prices soared to 3.75-month highs amid concerns that the formation of an El Niño weather pattern could lead to warmer, drier conditions in West Africa, potentially damaging cocoa production there. The US National Oceanic and Atmospheric Administration (NOAA) estimates a 82% probability that El Niño conditions will emerge between May and July and persist through the end of the year, with a 67% chance of a "Super El Niño." Cocoa prices also have support from early surveys of the 2026/27 West African cocoa crop that show below-average cherelle formation on cocoa trees, signaling a weak outlook for the main cocoa harvest, which begins in October. Signs that consumer demand for chocolate is holding up are a positive factor for cocoa prices. Recent earnings results from top chocolate makers Hershey and Mondelez International were better than expected and show consumer chocolate demand remains steady despite high prices. However, Circana reported on April 14 that chocolate candy sales in North America in the 13 weeks ending March 22 fell 1....
In this article FIG Follow your favorite stocks CREATE FREE ACCOUNT watch now VIDEO 27:16 27:16 Cheap AI could derail OpenAI and Anthropic's IPOs Tech This earnings season, the cost of AI started showing up in the numbers. Meta , Shopify , Spotify , and Pinterest all flagged rising AI and inference costs as a drag on margins. Shopify said economies of scale were "partially offset by increased LLM ...
In this article FIG Follow your favorite stocks CREATE FREE ACCOUNT watch now VIDEO 27:16 27:16 Cheap AI could derail OpenAI and Anthropic's IPOs Tech This earnings season, the cost of AI started showing up in the numbers. Meta , Shopify , Spotify , and Pinterest all flagged rising AI and inference costs as a drag on margins. Shopify said economies of scale were "partially offset by increased LLM costs." This is the bill coming due for the pricing model that underpins OpenAI's and Anthropic's expected IPO valuations, both projected north of $800 billion. Those numbers assume OpenAI and Anthropic will hold their market share and pricing power — that competitors can't easily catch up, and that enterprise customers will keep paying a premium because there's no real alternative. But increasingly the data is pointing the other way. Cutting-edge AI is becoming abundant and cheap. Chinese labs are charging a fraction of what American labs do for comparable work, while a wave of Western challengers — Nvidia , Cohere, Reflection, Mistral — are building cheaper, smaller, more efficient alternatives for enterprises that won't touch a Chinese model. By the time OpenAI and Anthropic file their prospectuses, with OpenAI's confidential filing coming as soon as this week, the central premise of their valuations may already be gone. The cost gap is wide and getting wider. Enterprise AI budgets have surged. Some 45% of companies surveyed by cloud cost firm CloudZero said they spent more than $100,000 a month on AI in 2025, up from 20% the year before. Where that money goes increasingly matters. AI benchmarking firm Artificial Analysis runs every major model through the same 10 evaluations and tracks the total cost. For each lab's most capable model: Anthropic's Claude came in at $4,811. OpenAI's ChatGPT: $3,357. DeepSeek: $1,071. Kimi: $948. Zhipu's GLM: $544. Claude is nearly nine times more expensive than the cheapest Chinese alternative for the same workload. watch now VIDEO 2:31 ...
The United States announced on Wednesday criminal charges against former Cuban leader Raul Castro over his alleged role in the 1996 downing of two civilian aircraft operated by the Miami-based exile group Brothers to the Rescue, an incident that killed four people. The indictment, unsealed by Acting US Attorney Todd Blanche in Miami, includes charges of conspiracy to kill US nationals, destruction...
The United States announced on Wednesday criminal charges against former Cuban leader Raul Castro over his alleged role in the 1996 downing of two civilian aircraft operated by the Miami-based exile group Brothers to the Rescue, an incident that killed four people. The indictment, unsealed by Acting US Attorney Todd Blanche in Miami, includes charges of conspiracy to kill US nationals, destruction of an aircraft and four individual counts of murder against Castro and five other co-defendants. Blanche said a federal grand jury in Miami had issued the charges on April 23. Advertisement It marks the first time the US government has sought criminal charges against either of the Castro brothers, whose 1959 revolution transformed Cuba into a communist state aligned against Washington for decades. Speaking from Miami’s Freedom Tower – where more than 400,000 Cubans fleeing the island after the revolution were processed – Blanche said: “For nearly 30 years, the families of four murdered Americans waited for justice. The US and President Trump do not and will not forget its citizens … If you kill Americans, we will pursue you no matter the charge you hold and in this case, no matter how much time has passed.” 00:58 Trump vows to ‘take’ Cuba as island reels from total power cut linked to oil embargo The case centres on the February 24, 1996, shooting down of two Brothers to the Rescue planes by Cuban fighter jets over waters north of Cuba. Havana has long defended the operation as a response to repeated violations of Cuban airspace, while international investigators concluded the aircraft were destroyed in international airspace.
The pitch for the SPDR Bloomberg Convertible Securities ETF (NYSEARCA:CWB) is simple: collect a coupon, keep equity upside, sit between stocks and bonds. CWB has rewarded holders nicely on the way up. The risk most owners do not price in is that when equity markets crack, CWB stops trading like a bond fund and starts ... CWB’s Convertible Bond Strategy Looks Like Bonds Until the Equity Markets Fal...
The pitch for the SPDR Bloomberg Convertible Securities ETF (NYSEARCA:CWB) is simple: collect a coupon, keep equity upside, sit between stocks and bonds. CWB has rewarded holders nicely on the way up. The risk most owners do not price in is that when equity markets crack, CWB stops trading like a bond fund and starts ... CWB’s Convertible Bond Strategy Looks Like Bonds Until the Equity Markets Fall, And Then It Trades Like Stocks
When you're young, it's easy to imagine that your net worth will increase with age -- and sometimes, it does. However, that's not always the case. Job loss, serious health issues, and recessions can all play a role in how much you end up with in retirement. Baby Boomers, long accused of having it too easy, have never been immune to tough times or financial losses. And as the youngest Boomers turn ...
When you're young, it's easy to imagine that your net worth will increase with age -- and sometimes, it does. However, that's not always the case. Job loss, serious health issues, and recessions can all play a role in how much you end up with in retirement. Baby Boomers, long accused of having it too easy, have never been immune to tough times or financial losses. And as the youngest Boomers turn 62 this year, not all of them feel ready for retirement. Here, we take a look at how Boomers are faring after many decades of work. Age Average Net Worth Median Net Worth 60s (born 1957-1964) $1,577,907 $274,564 70s (born 1946 – 1956) $1,456,151 $220,067 80s (born in 1946) $1,331,143 $220,741 Data source: Empower. Difference between average net worth and median net worth As you'll notice, the difference between average net worth and median net worth can be miles apart. That's because average net worth includes outliers, like the net worth of millionaires and billionaires. Median net worth tends to provide a better sense of what the typical individual's net worth looks like. If you're looking for "typical," median net worth is the number you want. Why does net worth matter? Simply put, net worth is an indicator of your financial health, which can help you get a better handle on how you manage your money. Your net worth need not match that of other people your age. Instead, it comes down to how many financial obligations you carry and how you hope to spend your golden years. If you're relatively debt-free, it's easier to live comfortably on a smaller net worth. Whether you're still planning for retirement or you've been retired for years, net worth gives you an idea of how much you can safely spend without outliving your money. How net worth is calculated To calculate your net worth, add your assets. Assets include: Cash, including bank accounts like checking, savings, money market accounts, holiday accounts, etc. Government bonds. CDs and savings bonds. Prepaid debit cards. ...