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Richard Drury/DigitalVision via Getty Images The Breaking Point? April’s Energy Spike Erodes Purchasing Power Last week, macro data revealed a US consumer that continues to be pinched. April CPI rose 3.7% YoY, marking a nearly three-year high, 1 while PPI surged 6.0% YoY 2 , largely driven by an energy shock that has kept retail gasoline above $4.50 a gallon and crude prices stuck north of $100 a barrel. This sting at the pump directly eroded consumer spending power, as April Retail Sales slowed to 0.5%, below expectations for 0.6% and down from March’s 1.6%. This has raised fears among economists that the consumer has reached a breaking point and that stagflationary pressures are threatening a soft landing. 3 Because core inflation remains so sticky, the Federal Reserve is now widely expected to keep interest rates at current levels for longer. According to the CME Group’s FedWatch tool, there is now a greater probability of a rate hike at the December meeting than there is a rate cut. 4 Next Week’s Watchlist: The Retail Earnings Parade and the AI Infrastructure Play Against this challenging macro backdrop, a stark divergence is expected as major retailers report earnings next week. Discounters are projected to perform well, with Walmart ( WMT ) expected to outpace Target ( TGT ) by gaining market share from high-income households trading down for groceries, while Target remains more vulnerable due to its heavier mix of discretionary goods. Meanwhile, home improvement giants Home Depot ( HD ) and Lowe’s ( LOW ) continue to battle a frozen housing market weighed down by high mortgage rates, leaving them reliant on spring seasonality and "pro" contractor sales to stabilize revenue. Conversely, off-price darlings TJX Companies ( TJX ) and Ross Stores ( ROST ) remain the bright spots of this high-inflation environment as shoppers hunt for bargains. The high-stakes AI infrastructure trade hits a critical juncture next week as market bellwether Nvidia ( NVDA ) reports ea...

近日，宁德时代与山西省人民政府在山西太原签署深度战略合作协议，并与大同市人民政府签署零碳城市合作协议。双方将紧抓“建设新型能源体系”与“能源强国”的战略机遇，共同打造“铝—锂”双轮驱动的新能源全产业链集群，并建设以换电重卡为核心的应用高地。（人民财讯）

(RTTNews) - The Home Depot, Inc. (HD) will host a conference call at 9:00 AM ET on May 19, 2026, to discuss Q1 26 earnings results.

Home Depot press release ( HD ): Q1 Non-GAAP EPS of $3.43 beats by $0.02 . Revenue of $41.8B (+4.9% Y/Y) beats by $290M . Comparable sales for the first quarter of fiscal 2026 increased 0.6%, and comparable sales in the U.S. increased 0.4%. The company reaffirms its fiscal 2026 guidance: Total sales growth of approximately 2.5% to 4.5% vs 3.92% consensus Comparable sales growth of approximately flat to 2.0% Approximately 15 new stores Gross margin of approximately 33.1% Operating margin of approximately 12.4% to 12.6% Adjusted operating margin of approximately 12.8% to 13.0% Effective tax rate of approximately 24.3% Net interest expense of approximately $2.3 billion Diluted earnings-per-share to grow approximately flat to 4.0% from $14.23 in fiscal 2025 Adjusted diluted earnings-per-share to grow approximately flat to 4.0% vs 2.40% consensus from $14.69 in fiscal 2025 Capital expenditures of approximately 2.5% of total sales Shares +1.4% PM. More on Home Depot Home Depot: The Bull Case Could Hardly Survive After The Print (Q1 Earnings Preview) Home Depot: In This Economy, We Can Kiss Remodeling And Construction Goodbye Home Depot: Market Headwinds Rattle Short-Term Views, But Long-Term Prospects Are Well-Founded Home Depot Q1 Preview: What to expect Quant snapshot: Baozun, Sohu among top-rated names as Sol Strategies, Arqit Quantum lag

Goldman Sachs Group Inc. ’s international co-heads are visiting the investment bank’s offices around the world in a bid to reassure staff and clients navigating uncertainty following the outbreak of the Iran war. “Our clients want us to be on the ground to give them the advice and support they need,” Anthony Gutman , who runs the international business with Kunal Shah , said in an interview with Bloomberg TV, adding the bank sees “huge opportunity” despite the ongoing conflict. “Even though our clients don’t have clarity I think the good thing here is that that hasn’t actually held up activity,” Shah said in the interview. The two London-based bankers were appointed as co-chief executive officers of Goldman Sachs International in early 2025 and have faced an array of global shocks since then, including stemming from the US administration’s tariff policies, the capture of Nicolas Maduro in Venezuela and the conflict in Iran. For Goldman Sachs, the bank is emphasizing a message that it’s doing business as usual in the Middle East. The US investment firm, which has five offices there with 100 staffers, is committed to the region, Gutman said, citing recent deals with the Qatar Investment Authority and Saudi Arabia’s Public Investment Fund . The two said capital deployment levels are relatively stable, though clients are adapting to a “new environment.” The sentiment echoed Moelis & Co. Chief Executive Officer Navid Mahmoodzadegan , who described a “return to normal” in the Middle East in a separate interview with Bloomberg TV on Tuesday. “There’s a real opportunity when we get on the other side of this to get to a new Middle East,” he said. Companies in the region including in energy, telecommunications and leisure sectors are investing heavily, though some deals have been delayed in the short-term, he said. Read More: Iran War Tests Wall Street Firms’ Addiction to Mideast Money The Goldman Sachs executives also stressed the need for political stability in Europe and a...

过去十年，中国人无比笃信“读书改变命运”。尤其在互联网快速发展的时代，年轻人在大学掌握一门高溢价的技能，然后到商业大机器里变现，就有机会实现阶层跃升。 但当分工被AI打破，当脑力劳动的溢价被AI做空，这种巨变迅速传导到上游的教育系统。 最近，在和一位身处AI风暴最前沿的软件工程学院院长深聊时，他这样描述过去两年的感受——如同得了绝症。 “最开始感到绝望，然后被迫接受，接着继续和‘病魔’斗争，现在终于恢复了平静。” 另一位哲学教授的反应，代表了一类古典知识分子。他给自己贴上了这样一个略带自嘲的标签——逆历史潮流而动的反动派。 到目前为止，AI的好处和坏处哪个更大，他认为还无法判断。 而让我感到意外的，是一位青年教师在通识课上看到的一切。面对这场正在改变世界的巨变，那些尚未遭遇真实生存压力的年轻人，表现出了一种惊人的冷漠 。在他们眼里，AI不过是个更好用的做作业工具而已。 比起宏大又抽象的趋势探讨，这几位身处一线的高校教师，为我们带来了更加真实的观察。他们的经历像是一组切片，让我们得以从全新视角，理解这场技术风暴。 没有肌肉的学生，拥有了伪装的强大 刘嘉院长来自一所985高校的软件工程学院，他最直观的感受是，传统计算机行业那种“越分越细”的分工逻辑，被AI一刀切断了。 他打了个比方： 以前开发一个系统，就像开一辆车，车上必须配置专门的方向盘司机、刹车司机、灯控司机……每一个具体的细分职能，都在大厂里对应着一个明确的岗位。但现在，一个具备全局视野的架构师，带上几个AI Agent，就能一个人搞定前端、后台、接口和UI。 “其实软件开发最难的从来不是敲代码，而是权衡。”刘院坦言。 在过去，初级程序员本质上就是“手工翻译”，把人类的需求翻译成机器逻辑。学好这门手艺门槛很高，所以哪怕是一个相对平庸的毕业生，只要会“听懂指令并翻译”，也能拿一份不错的薪水。但今天，这项翻译工作的价值已经被AI贬值到腰斩。 社会上总以为AI抹平了专业门槛，但在刘院看来，事实恰恰相反——AI正在极其残酷地放大平庸者与顶尖高手的差距。因为只有在泥坑里摔打过、有丰富项目直觉的顶尖精英，才具备面对复杂风险时“权衡”的能力。这也解释了，为什么在初级岗位生存空间被极速挤压的同时，拔尖的应届生却能拿到让刘院都震惊的百万年薪。 但在这些令人咋舌的高薪背后，真正让刘院感到隐忧的，是学生们身上一种“伪装的强大”。 有了...

据知情人士透露，芯片厂商 ADI > 亚德诺 半导体 已进入深度谈判阶段，计划斥资约 15 亿美元收购初创企业赋能半导体，这笔交易凸显出市场对适配高功耗 AI 芯片供电管理技术的旺盛需求。 这家成立已有 12 年的企业若成功被收购，将进一步丰富亚德诺的 AI 配套芯片产品线。人工智能运算任务繁杂，耗电量巨大，而亚德诺这类芯片企业一直致力于实现芯片供电低损耗化，赋能半导体的产品能够优化 AI 芯片供电模式，大幅提升用电效率。 对于这家营收规模尚小的初创公司而言，15 亿美元的收购价已然不菲。交易最快有望在本周三官宣，恰逢市值达 2000 亿美元的亚德诺半导体发布季度财报。目前双方谈判仍在进行中，交易仍存在告吹可能性。 亚德诺半导体与赋能半导体双方发言人暂未对此置评。 亚德诺半导体主营电源管理类半导体芯片，产品广泛应用于 AI 数据中心，同时也研发制造可将现实物理信号转化为数字信号的芯片产品。 亚德诺首席执行官文森特・罗奇在今年 2 月财报电话会议上表示：“人工智能产业发展伴随着诸多棘手难题，电源系统层面的技术难题正变得愈发严峻。” 完成此次收购后，亚德诺将进一步缩小与 芯源系统 的行业差距。芯源系统是英伟达霍珀架构、布莱克韦尔架构芯片的核心电源管理芯片供应商。今年以来，芯源系统股价累计上涨约 60%，而同行业规模偏小的纳维塔斯半导体股价涨幅更是翻倍。 传统芯片供电设计方式，是将电源管理芯片布置在电路板处理器旁，通过板面横向线路输电，依靠这类芯片统一监测、调配电力。 而赋能半导体采用全新技术路线，其集成式稳压器可直接将电力输送至 AI 芯片底部及内部的微型芯片区域。该设计缩短电力传输路径，有效减少输电过程中的电能损耗。 此外，该企业芯片电压调节速度远超传统电源芯片，能够保障 AI 芯片在算力峰值运行阶段保持稳定运转。 去年，赋能半导体已与芯片厂商迈威尔科技达成合作，共同为迈威尔定制芯片研发一体化供电解决方案。 据创投数据平台 PitchBook 数据显示，总部位于加州米尔皮塔斯的赋能半导体，累计融资规模超 2.15 亿美元，投资方包括富达投资、马弗里克硅业、 谷歌 风投、阿特雷德斯资本等机构，其去年 9 月最新一轮融资后的估值暂未对外披露。 受益于数据中心相关技术需求激增，亚德诺半导体业绩持续向好。该企业称，今年 1 月季度财报中，来自数据中心客户的订单助力季度营收大涨...

chameleonseye/iStock Editorial via Getty Images Performance assessment Newmont Corporation ( NEM ) has generated a decent returns since my 'Buy' view near the end of last year. It initially started to outperform the broader market as per my anticipations, but recently, that lead has eroded: Performance since Last Article on NEM (Seeking Alpha, Hunting Alphas) Elevator Pitch My earlier bullish view on NEM banked on a rising gold prices ( XAUUSD:CUR ) outlook and cost efficiencies. But now I see these factors moving in the opposite direction: An elevated rates environment is a headwind for gold miners There are cost pressures due to higher oil prices and higher royalty taxes NEM's valuations seem acceptable It's hard to have a directional view when NEM stock is stuck in a big range An Elevated Rates Environment is a Headwind for Gold Miners Since the onset of the Iran conflict in the Middle East, the Fed funds futures curve has shifted the narrative dramatically from expecting an easing rates environment to a higher-for-longer scenario: Fed Funds Futures Curve (World Gold Council) I expect this to be a big headwind for Newmont's average realized prices for gold, which I believe will see a dip in future quarters: Gold Average Realized Price ($/oz) (Company Filings, Hunting Alphas) There Are Cost Pressures Due to Higher Oil Prices and Higher Royalty Taxes Newmont's operational costs are rather sensitive to oil prices: For every $10 per barrel change in oil prices, we expect approximate $60 million impact on cost, which equates to roughly, a $12 per ounce impact on all-in sustaining costs. - Chief Legal Officer & Interim CFO Peter Wexler in the Q1 FY26 earnings call Now, as of 30 Apr'26, the oil futures markets were pricing in a net-higher-for-longer scenario compared to what it was before the Middle East crisis: Brent Crude Futures Curve (World Gold Council) Another headwind hitting Newmont Corporation is the impact of higher royalty taxes on its Ghana operations, which...

Artificial intelligence has become Wall Street’s favorite growth story. Investors have poured money into companies tied to AI chips, cloud infrastructure, utilities, and data centers as businesses race to build the computing backbone needed for the next generation of software. The opportunity is massive — and so is the spending. Amazon (NASDAQ:AMZN), Microsoft (NASDAQ:MSFT), Alphabet ... The $1 Trillion AI Data Center Buildout Is Fueling a Cost Consumers Can’t Escape

政府就建築地盤全面禁煙向立法會提交法例修訂，預計七月中生效。 今次修訂包括指定建築地盤為禁煙區，任何人在建築地盤吸煙即屬違法，可被定額罰款3,000元。修訂將於周五刊憲，進行「先訂立、後審議」方式程序，預計7月17日起生效。 政府並提出修訂《地盤修例》，要求承建商及分判商須確保地盤內無人吸煙，否則最高可被處罰款40萬元。 經立法會批准後，刊憲當日生效。政府指會全力配合立法會審議，期望立法會盡快通過相關修訂。

传统意义上“安全资产”的地位，在当下的全球市场中正遭遇前所未有的挑战。 一场声势浩大的抛售潮正在英国国债市场蔓延。 英国10年期国债收益率18日一度升至5.16%，创2008年以来新高；30年期国债收益率则攀至5.83%，为1998年以来最高水平。上周，英国10年期国债收益率单周涨幅超25个基点，成为美伊战事爆发以来最大的单周升幅。在主要发达经济体中，英国国债收益率已高居七国集团（G7）之首，与德国国债的利差已经突破200个基点，为30余年来最高水平。 通胀高企回潮 这轮英国国债收益率的急速拉升，并非孤立事件，而是全球债券市场广泛承压背景下的一个极端样本。自今年2月中东局势升级以来，原油与天然气价格累计涨幅已逾50%，通胀预期在全球范围内急剧升温。英国作为天然气进口大国，能源价格冲击首当其冲。英国央行4月货币政策报告警告，若能源价格大幅上涨且持续高位并引发强烈的二轮效应，英国通胀最快将于2027年初升破6%，远超其2%的政策目标。 安联集团（Allianz）首席经济学家卢睿德（Ludovic Subran）在接受第一财经记者采访时称，欧洲主权债券正面临严峻的“滞胀”（stagflation）风险压力，“欧洲同时承受着较高的通胀和较弱的增长。债券市场正被两股对立力量夹击：通胀压力推高短期利率，而能源价格飙升带来的需求冲击引发的衰退风险则被市场已定价在收益率曲线更远端。” 他进一步强调，英国与欧元区的债市状况在大方向上相似，均深陷这一两难困局，差异仅仅在于各国对能源价格的敏感程度和供应链暴露程度有所不同。 英国央行（BoE）在通胀抬头之际已明确释放鹰派信号。今年4月的货币政策会议上，英国央行货币政策委员会以8:1的投票结果维持基准利率于3.75%不变。英国央行首席经济学家胡·皮尔（Huw Pill）是唯一投票主张加息至4%的委员，令市场对年内加息的预期大幅升温。 高盛认为，英国央行已向市场暗示“货币政策存在实质性转向的可能”，一旦能源价格未能在4月后回落，加息将在所难免。市场目前已将年内英国央行的累计加息幅度定价为约70个基点，与年初普遍预期的1至2次降息相比，货币政策预期已发生根本性逆转。 不过，卢睿德对收益率大幅飙升是否属于过度反应，持审慎态度。“2022年‘暂时性’通胀误判留下的阴影，推动市场对英国央行和欧洲央行均走上了激进的加息路径。但欧洲央行的政策立场已开始软...

Ross Stewart and Findlay Curtis are named in Scotland's World Cup squad but there is no place for Lennon Miller.

据伊朗方面19日消息，伊朗军方发言人表示，如果敌方“再次作出错误判断”并再次对伊朗发动袭击，伊方将“利用新的工具和方式开启新的战线”予以回应。(央视新闻)

招商轮船公告，公司于2026年5月19日收到中国证券监督管理委员会上海监管局出具的《关于对招商轮船采取出具警示函措施的决定》。因全资子公司中外运集装箱运输有限公司存在会计差错，导致公司2021年年报、2022年和2023年半年报、年报披露的财务报告不准确。

Valley National Bancorp ( VLY ) declares $0.11/share quarterly dividend , in line with previous. Forward yield 3.37% Payable June 30; for shareholders of record June 15; ex-div June 15. See VLY Dividend Scorecard, Yield Chart, & Dividend Growth. More on Valley National Bancorp Valley National Bancorp (VLY) Q1 2026 Earnings Call Transcript Valley National Bancorp 2026 Q1 - Results - Earnings Call Presentation Valley National Bancorp Has Risen Nicely And That Trend Should Continue Valley National prices $500M subordinated notes due 2036 Valley National signals efficiency ratio trending towards 50% by end of 2026 as NII growth shifts to high end of range

贝壳-W公告，2026年第一季度总交易额人民币7117亿元，同比下降15.6%。净收入189亿元，同比下降19.0%。净利润12.55亿元，同比增加46.7%。经调整净利润16.11亿元，同比增加15.7%。

今天16时，贵州省气象台继续发布暴雨橙色预警。今天傍晚到明天白天，六盘水市南部、黔西南州大部、黔南州南部、黔东南州中南部、安顺市中南部等地区局地有暴雨，黔西南州北部和东部、黔南州南部、黔东南州南部、安顺市南部、六盘水市南部部分乡镇有大暴雨。贵州省的西南部和南部地区雷雨中局地伴有短时强降水、雷暴大风、冰雹等强对流天气。气象部门提示：当地群众要密切关注天气预报预警信息，避免在强降雨、强对流时段出行，户外如遇暴雨、强对流天气请尽快进入牢固建筑物内躲避，远离广告牌、大树、临时搭建物，近期不要前往山区、河流等灾害易发区域。（央视新闻）

产能出口的新方式。 第一财经记者从接近Stellantis集团人士处获悉，该公司与东风汽车集团协商欧洲工厂共享事宜已接近完成。该人士称，Stellantis预计将其位于法国西部的雷恩-拉贾奈斯（Rennes-la Janais）工厂为东风汽车集团提供代工服务，组装至少一款东风自主品牌车型，主要面向欧洲市场销售。 目前，Stellantis集团正迫切向多家中国车企兜售其4座欧洲工厂，以处理闲置产能。潜在中国买家除了上述的东风汽车，还有零跑和比亚迪。 5月初，为提升Stellantis位于西班牙萨拉戈萨的菲格鲁埃拉斯工厂的产能，该集团旗下欧宝品牌将与零跑汽车合作推出一款全新的C级纯电SUV，共享产能降低研发生产成本。同时，Stellantis与零跑还拟整合西班牙马德里的比利亚韦德工厂的产能。 而在本月早些时候，比亚迪执行副总裁李柯在接受采访时称，比亚迪正在与Stellantis集团等公司沟通，寻找欧洲地区可利用的闲置产能。随后，比亚迪方面也承认该消息属实，但无更多消息透露。 根据规划，Stellantis将于当地时间5月21日公布深度转型计划，以推进产业联盟、精简旗下品牌、压缩运营成本。最近两年，Stellantis表现欠佳，尤其在2025年，该公司净亏损达223.32亿欧元，其中电动化战略失误产生了重大影响。 上述接近人士表示，Stellantis业绩下滑需要调整，处理闲置产能，而中国车企在电动汽车的加持下正在扩张欧洲市场，因此，Stellantis选择接洽中国车企，达成双赢。 Stellantis集团首席执行官安东尼奥·菲洛萨称，此类深度合作是企业核心战略，旨在实现技术升级、供应链优化，同时盘活闲置产能，以此应对中国车企强势崛起带来的冲击。当前中国车企既能推出价格极具优势的电驱、混动车型，技术实力也同步领先。 站在中国车企的角度，当中国汽车出海打开2.0新模式，产能走出去的新趋势之一即是收购外资车企闲置的产能。东风汽车战略规划部总经理杨彦鼎在今年北京车展上接受记者采访时表示，产能走出去不意味着一定要到国外买很多工厂。他进一步称：“现在国外车企工厂的产能是过剩的，很多工厂产能利用率只有50%。按照这个逻辑，我们可以高效利用好国外的产能资源，可以选择的模式有很多，比如：合资、产能租赁、股权合作等，但具体选择哪一种模式依照企业自身的情况决定。” 乘联分会秘书长崔东树接受第...

5月19日，珠海机场香港太子城市候机楼正式启用。这是珠海机场在香港市区布局的首个城市候机楼，标志着珠海机场港澳服务网络进一步完善，为珠港跨境航空出行一体化发展提供了全新支撑。（央视新闻）

The VanEck Retail ETF (NASDAQ:RTH) and the SPDR S&P Retail ETF (NYSEARCA:XRT) both sit in the retail bucket, yet the year-to-date gap between them tells a different story. RTH is up 5.79% in 2026 while XRT is down 6.25%. Same sector label, two very different bets, and the difference comes down to one decision: who ... RTH Owns Amazon and Walmart. XRT Owns Everything Else. That 12% Gap in 2026 Is No Accident

A prominent American business group in China has called for expanded energy trade between the world’s two largest economies – a move first floated by US President Donald Trump during his state visit to Beijing last week. Analysts, however, warn that uncompetitive pricing could limit Chinese demand. “Energy remains a centrepiece of the bilateral relationship,” said Markel Hubinette, who sits on the American Chamber of Commerce in China’s board of governors. Speaking at the Global Trade and...

Prestigious universities in China carry a rich tradition of showcasing their names on entrance gates, inscribed in calligraphy by renowned political leaders, reflecting both political history and academic prestige. Calligraphy, the art of writing, is a revered traditional Chinese art form that was historically valued above all others. In ancient China, calligraphy was an elite art, its aesthetics meticulously regulated by imperial authority. For instance, during the Qin dynasty (221–206 BC), the...

Researchers found over 1,600 primates listed for sale on Facebook, TikTok and more over a six-week period in 2025 A new report from leading wildlife and conservation organizations has revealed a sharp rise in the online sale of primates across major social media platforms in the US, raising concerns about wildlife trafficking, public safety and animal welfare. The report, titled Primates for Purchase: The Surge in Sales on Social Media in the US, was released Tuesday by the Association of Zoos and Aquariums (AZA), the International Fund for Animal Welfare (IFAW) and the World Wildlife Fund (WWF). Continue reading...

Set against the 2028 Olympics, Charlotte Zhang’s beautifully attentive debut follows two Latino men as they game the system of state-sanctioned racial violence Brimming with indelible images, Charlotte Zhang’s brilliant debut locates the roots of a dystopian future in the here and now. Set around the 2028 Summer Olympics, the film imagines a Los Angeles gripped by paranoia and conspiracies; and a livestock disease has led to a ban on all meat production, leaving the main source of protein distribution – powdered insects – in the control of a megacorporation called Ootheca Inc. Ironically enough, a cockroach infestation has taken over several local neighbourhoods, making Ootheca’s monopolising greed even more insidious. All of this might sound pretty out there, yet the heart of Tycoon is a deeply human story of survival. Both hustlers up for any challenge, Lito (Miguel Padilla-Juarez) and Jay (Jon Lawrence Reyes) take advantage of the widespread chaos to embark on a series of petty crimes, including breaking into an Ootheca trailer to steal boxes of the precious protein powder. Their escapades are dynamically rendered on a variety of formats including handheld DV camera and Super 8, as well as Xerox art. But compared to other film-makers who favour this DIY style, Zhang is beautifully attentive to blocking and composition. Scenes of house parties, twilight rides against the setting sun, or high-rev street drifting harmonise into a stunning city symphony, in which a visual rhythm gradually emerges from disorder. Continue reading...

CNBC | Igor Gnedo, Antonina Lepore & Adrianne Paerels There's a big change at the top of the CNBC Disruptor 50 with Anthropic rising to No. 1 in 2026. Companies across the economy raced to embrace AI over the past year rather than risk being left behind by it, and that's put the generative AI enterprise leader on the verge of surpassing OpenAI in valuation and above its rival on our annual list. The domination of AI as a theme has not changed, but it has intensified and it is increasingly being reflected in the top-heavy nature of the Disruptor 50. Forty-three of the 50 companies in the 2026 list class say AI is essential to their disruptive business models. Total funding across the 2026 Disruptors rose to $337 billion, up from $127 billion in 2025 — an increase of more than 2.5x. Total implied valuation, skewed by the massive sums being raised by the top AI firms, climbed to $2.4 trillion from $798 billion, roughly tripling year over year. In the new AI era, with the technology critical to so many business models , Silicon Valley dominates on the Disruptor map. Fourteen companies on this year's list are based in San Francisco, with 18 in the Bay Area, and nearly half overall (23) based in California. That includes all but one of the top five companies, with the exception of Ramp . But there are new companies (22 in all) and new themes, led by rapid successes in vibe coding and prediction markets . A major European AI player also makes its first appearance. And in 2026, AI continues its infrastructure-level remaking of the U.S., from the Hollywood movie to the military , from the American farm to the law firm . 1 Anthropic AI's new No. 1 2 OpenAI Less chat, more work 3 Databricks The infrastructure of the AI enterprise 4 Anduril Hawk-eyed on defense spend 5 Ramp Simplicity for the spend that stings 6 Sierra Customer service, escalated 7 Mistral AI Europe's open-source AI alternative 8 Whatnot Retail therapy: LIVE 9 Cyera Military grade cybersecurity 10 Notion One pa...

Dario Amodei, chief executive officer of Anthropic, at the AI Impact Summit in New Delhi, India, on Thursday, Feb. 19, 2026. Ruhani Kaur | Bloomberg | Getty Images A federal appeals court in Washington, D.C., is set to hear arguments on Tuesday in Anthropic's lawsuit over its blacklisting by the Department of Defense, the latest faceoff in the months-long clash between the Pentagon and one of the country's leading AI companies. The U.S. Department of Justice, on behalf of the DOD, and Anthropic will each have 15 minutes to present their case to a panel of three circuit judges, according to an order earlier this month. Judge Karen Henderson, Judge Gregory Katsas and Judge Neomi Rao will then take the matter under advisement and issue a written opinion. Proceedings will begin at 9:30 a.m. ET on Tuesday. Anthropic sued Defense Secretary Pete Hegseth and the DOD in March after the agency declared the AI startup a supply chain risk , meaning it purportedly threatens U.S. national security. The label has historically been reserved for foreign adversaries, and requires defense contractors to certify that they will not use Anthropic's Claude models in their work with the military. The designation landed after months of tense negotiations between Anthropic and the DOD collapsed. The DOD wanted Anthropic to grant the Pentagon unfettered access to its models across all lawful purposes, while Anthropic wanted assurance that its technology would not be used for fully autonomous weapons or domestic mass surveillance. The two sides failed to reach an agreement, and Hegseth blacklisted Anthropic and bashed the company on social media. Anthropic CEO Dario Amodei said the company had " no choice " but to challenge the supply chain risk designation in court. The DOD continued to use Anthropic's models to support its military operations Iran, and President Donald Trump told CNBC last month that a deal between the DOD and the startup is "possible." Read more CNBC tech news Meta layoffs ...

Mattias Balk | Picture Alliance | Getty Images This year's Disruptor 50 list , with Anthropic at No. 1 , followed by OpenAI , features companies that are using technology — primarily AI — to challenge existing industries and build new ones. With explosive growth — CEO Dario Amodei says revenue grew 80 times in the first quarter — Anthropic has had one of the fastest ramps in enterprise software history. In addition to its consumer-facing products, Claude Code has revolutionized software development and been embraced for its reliability and strong performance on complex tasks. The company is also in talks to raise even more capital at a sky-high valuation of as much as $900 billion . What puts Anthropic at No. 1 is not just its growth, but its positioning: a focus on building powerful AI systems that enterprises trust. Its emphasis on safety and "constitutional AI," combined with rapid gains in model capability, has helped it emerge as one of the clearest challengers to OpenAI, while attracting major partners and customers looking for reliable, enterprise-grade AI. It was just about three years ago that Anthropic launched its first product, and "really out of the gate, we said, 'We're prioritizing building for businesses for a variety of reasons,'" co-founder Daniela Amodei recalled. Within the past year, it's the rate of acceleration that has changed, she says, not the focus. "Particularly over the past three to six months … I think what we're seeing is the combination of the models getting smarter, the products getting better, and that really sort of generating a huge amount of value for businesses," she said. In a sign of how massive and powerful the tech ecosystem is, this year's list has a total valuation of $2.4 trillion, nearly $2 trillion of that from the top five companies on the list — and most of that from the top two, Anthropic and OpenAI. The list's implied valuation has grown by three times year over year. The amount of money that's been invested has sc...

President Trump made 94 different trades of 'Magnificent 7' stocks in the first quarter of 2026, a new ethics disclosure shows, executing millions of dollars in transactions even as he was meeting with and often promoting these top tech companies.

Vital Signals, a health innovation company founded by technology veteran Tom Moss, today announced that it has raised over $15M in investments, led by XYZ Ventures, to support its mission to improve how people understand, engage with and manage their blood pressure and long‑term heart health.