The lawsuits, filed in California, accuse OpenAI and Sam Altman of negligence and abetting a mass shooting by failing to flag the suspect's ChatGPT activity.
The lawsuits, filed in California, accuse OpenAI and Sam Altman of negligence and abetting a mass shooting by failing to flag the suspect's ChatGPT activity.
Federal Reserve policymakers will make their latest decision on interest rates at 2 p.m. ET Wednesday, and it is likely to be the last such call under Jerome Powell 's leadership. The market widely anticipates that policymakers will hold rates in a range of 3.5% to 3.75% as they closely monitor the labor market and inflation, which has stubbornly held above the central bank's 2% target. Powell wil...
Federal Reserve policymakers will make their latest decision on interest rates at 2 p.m. ET Wednesday, and it is likely to be the last such call under Jerome Powell 's leadership. The market widely anticipates that policymakers will hold rates in a range of 3.5% to 3.75% as they closely monitor the labor market and inflation, which has stubbornly held above the central bank's 2% target. Powell will hold a news conference at 2:30 p.m. ET. One closely watched detail will be whether he says if he'll stay on to serve the rest of his term. Although his term as chair expires on May 15, he could continue to serve as a Fed governor in order to ensure the Fed's independence. It also could be a big day for Powell's anticipated successor. Kevin Warsh 's nomination as Fed chair is expected to be advanced from the Senate Banking committee Wednesday morning. Follow live coverage of the day's events here. 19 Min Ago Will Powell stay or will he go? U.S. Federal Reserve Chair Jerome Powell speaks as he holds a press conference following a two-day meeting of the Federal Open Market Committee (FOMC), at the U.S. Federal Reserve in Washington, D.C., U.S., Dec. 10, 2025. Kevin Lamarque | Reuters One lingering question is whether Jerome Powell will step down when his term as Fed chair ends. This has typically been the custom, but Powell could be motivated to remain as a governor to ensure that the central bank's independence remains on solid ground. Powell's term as governor doesn't expire until January 2028, and he could leave at any time before then. U.S. attorney Jeanine Pirro recently abandoned a criminal investigation of Powell in order to clear the way for confirmation of Kevin Warsh, President Donald Trump's nominee. Instead, Pirro said her office asked the Fed's inspector general to investigate cost overruns in the multibillion-dollar renovation of the central bank's headquarters in Washington. Trump has been vocal like none of his predecessors when it comes to badgering the cent...
Jonathan Kitchen Nearly a quarter of global jobs were exposed to artificial intelligence, with risks concentrated in advanced economies, according to Bank of America Global Research. About 24% of jobs worldwide, or roughly 838 million roles, were estimated to be affected by generative AI, the note said. Exposure varied sharply by income level. High-income economies had the greatest share at 33.5%,...
Jonathan Kitchen Nearly a quarter of global jobs were exposed to artificial intelligence, with risks concentrated in advanced economies, according to Bank of America Global Research. About 24% of jobs worldwide, or roughly 838 million roles, were estimated to be affected by generative AI, the note said. Exposure varied sharply by income level. High-income economies had the greatest share at 33.5%, reflecting a larger concentration of non-routine cognitive roles, while low-income countries saw exposure closer to 11%. Younger workers, women, and higher-educated employees were identified as the most exposed groups. The report said AI could deliver significant productivity gains, particularly in richer economies where adoption is likely to be faster. However, it warned that these gains may not be evenly distributed, with firms leading the development and deployment of AI expected to capture a disproportionate share, potentially widening income and regional inequalities. Despite concerns, the note said fears of widespread job losses may be overstated. Drawing on historical examples such as the Industrial Revolution and the rise of the internet, it said technological disruption had typically led to the creation of new roles over time, even as older ones disappeared. Artificial Intelligence ETFs: ( AIQ ), ( BOTZ ), ( DTEC ), ( WTAI ), ( XAIX ), ( WISE ), ( GINN ), ( ROBT ), ( TECB ), ( XT ), ( THNQ ), and ( CHAT ). More on tech Big Tech Earnings Preview: The AI Supercycle Meets Reality 5 Downsides To The AI Revolution Software Is 2026's Strongest Buy Opportunity: Here's Why OpenAI woes present buying opportunity for AI investors - analyst Weekly ETF flows: Four of 11 sectors record outflows; technology sector leads inflows
To do our job, investigative journalists are learning to work across borders. This isn’t just about the truth, it’s about staying alive Laurent Richard is a journalist and the director of the Forbidden Stories consortium In February 2025, the body of journalist Viktoriia Roshchyna was finally returned to Ukraine after months of uncertainty. She was one of 757 Ukrainian casualties handed over by Ru...
To do our job, investigative journalists are learning to work across borders. This isn’t just about the truth, it’s about staying alive Laurent Richard is a journalist and the director of the Forbidden Stories consortium In February 2025, the body of journalist Viktoriia Roshchyna was finally returned to Ukraine after months of uncertainty. She was one of 757 Ukrainian casualties handed over by Russian authorities as part of an exchange of prisoners and the dead. Roshchyna had disappeared in the summer of 2023 while reporting from the Russian-occupied territories in Ukraine. When her body was examined, parts were missing : her eyeballs, her brain, her larynx – possibly removed to conceal the signs of how she died. Preliminary forensics suggest “numerous signs of torture”, according to the Ukrainian prosecutor. Laurent Richard is a journalist and the director of the Forbidden Stories consortium Continue reading...
JetBlue Plans 30-40% "Fuel Recapture" Fare Hikes, Capacity Cuts To Cover Rising Costs Thanks to the war in Iran, JetBlue Airlines is passing the cost along to us - announcing during Q1 earnings on Tuesday that while the airline had strong revenue performance, prices are going up due to rising fuel costs. A JetBlue Embraer 190 taxis on the tarmac at Ronald Reagan Washington National Airport in Arli...
JetBlue Plans 30-40% "Fuel Recapture" Fare Hikes, Capacity Cuts To Cover Rising Costs Thanks to the war in Iran, JetBlue Airlines is passing the cost along to us - announcing during Q1 earnings on Tuesday that while the airline had strong revenue performance, prices are going up due to rising fuel costs. A JetBlue Embraer 190 taxis on the tarmac at Ronald Reagan Washington National Airport in Arlington, Va., on June 29, 2021. Daniel Slim/AFP via Getty Images "While the macro environment, particularly fuel, has become more volatile, we are taking decisive actions to manage what is within our control, including adjusting capacity, optimizing revenue, and maintaining disciplined cost control," said CEO Joanna Geraghty. " At the same time, we are seeing clear evidence that JetForward is on track and working, and we remain confident it is the right plan to transform our business and get us closer to our financial priorities. " As the Epoch Times notes further, JetForward is the airline’s turnaround strategy introduced in 2024, concentrating flights between the Northeast and leisure destinations such as Florida and the Caribbean. This announcement follows last month’s notice that the airline would increase checked baggage fees by at least $10. Going forward, JetBlue named specific actions it will take to deal with increased fuel costs, including 30 percent to 40 percent “fuel recapture” pricing during the second quarter , rising to 100 percent by early 2027. Using this strategy, the airline plans to offset the escalating costs by recovering those expenses through higher ticket prices, fees, and other adjustments. The airline also intends to cut its flight capacity, with the reductions focused on off-peak travel periods, and implement additional cost-saving measures. It revealed that the average fuel price during the first quarter was $2.96 per gallon—an increase of $0.39 per gallon year over year, or a 15.2 percent increase. Its first quarter 2026 system capacity also dec...
JHVEPhoto/iStock Editorial via Getty Images Shares of chip test and robotics product maker Teradyne ( TER ) tumbled about 15% on Wednesday as analysts mulled investor expectations on guidance. UBS kept its Buy rating on the shares with a $440 price target. "The stock is trading down on this guidance , but the move will ultimately depend almost entirely on the commentary tomorrow on C2H:26 (TER nee...
JHVEPhoto/iStock Editorial via Getty Images Shares of chip test and robotics product maker Teradyne ( TER ) tumbled about 15% on Wednesday as analysts mulled investor expectations on guidance. UBS kept its Buy rating on the shares with a $440 price target. "The stock is trading down on this guidance , but the move will ultimately depend almost entirely on the commentary tomorrow on C2H:26 (TER needs to raise - we model down ~10% H/H vs prior implication of down ~20% H/H), the longer-term trajectory of the semi test TAM, and any new commentary on key opportunities like NVDA or AMZN Robotics. Net, we continue to encourage investors here to zoom out and look at the big picture where we see overall test intensity rising considerably across the chip industry," said analysts led by Timothy Arcuri in an April 28 research note. The analysts added that on a much higher semiconductor revenue base, this should drive the semiconductor test Total Addressable Market, or TAM, much higher in the coming years, making the incessant focus on market share here probably too myopic. "Revenue/EPS guide of $1.20B/$2.00 (midpt) was just a touch above UBSe/Street and commentary in the release implies continued momentum across all of SoC Test ("strong year-over-year growth which we expect to continue with robust AI-driven momentum as the catalyst"). The implied guidance for GM seems to be in the ~57.5% range (down ~350bps Q/Q). We find this to be a bit odd unless something exogenous is at play, like AAPL coming back in a big way. This seems unlikely though because revenue guidance is not a whole lot better than TER soft guided coming out of last Q when it was clearly not baking much of an uptick in for AAPL. Lastly, we have never seen DRAM as a big portion of input costs (like KLAC, for example) so that also seems like an unlikely explanation," said Arcuri and his team. More on Teradyne Teradyne, Inc. 2026 Q1 - Results - Earnings Call Presentation Teradyne: From Cyclical Tester To AI Infrastr...
J Studios/DigitalVision via Getty Images AMC Robotics Corporation ( AMCI ) is a recently listed SPAC, so there's right away a bit of dilution to consider from options and warrants, though apparently not so much that it seriously caps upside. The bigger issue is the lack of a forward picture since the AI and robotics angle is something that they aren't commercial with yet and are just developing no...
J Studios/DigitalVision via Getty Images AMC Robotics Corporation ( AMCI ) is a recently listed SPAC, so there's right away a bit of dilution to consider from options and warrants, though apparently not so much that it seriously caps upside. The bigger issue is the lack of a forward picture since the AI and robotics angle is something that they aren't commercial with yet and are just developing now, so it's very hard to say what cash burn will be in the future, or if there will be cash burn in the future as some of their developing products are supposed to be launched in Q2 . Another thing is that for the existing operations, which are focused on selling security cameras through e-commerce platforms like Amazon.com, Inc. ( AMZN ), the CEO of AMCI also sits on the other sides of the company's major commercial relationships — that is to say that there are a lot of related party considerations both in revenue and in terms of supply of products for distribution. This makes it even harder to rest assured of the evolution of the financials, since there's no assurance that the CEO will favor AMCI over other companies that AMCI does business with that he also owns. It also seems that its existing security products business is basically being transitioned out, and they will no longer be operating as a distributor of these products quite soon. So new products will need to support the business, but we aren't sure of the incoming economics of these products. Although, it also seems that a revenue sharing agreement has been put in place to be able to pay AMCI from related party Kami with a revenue share of 30% for as long as those converted subscribers from camera product sales hold. If they stop buying inventory to distribute and then pick up revenue share, cash flows could improve a lot. Also, they do have $7 million in cash, so they should be able to last another year assuming forward the latest annual cash burn, and perhaps that cash burn is about to shrink to the point wher...
Applied Materials (AMAT) stock surged 150% over the last twelve months, with its P/E multiple rocketing from 19.1x to 42.2x on a trailing basis. Yet full-year revenue grew a mere 2.1%. What's happening.
Applied Materials (AMAT) stock surged 150% over the last twelve months, with its P/E multiple rocketing from 19.1x to 42.2x on a trailing basis. Yet full-year revenue grew a mere 2.1%. What's happening.
Supatman/iStock via Getty Images With the S&P 500 surprisingly shattering new records in 2026 despite incredible macro turbulence and geopolitical uncertainties, not much attention has been paid to the fact that the gains have been very lopsided, and many small/mid cap growth stocks are far from participating in the rally and are actually in deep bear market ruts. The “SaaSpocalypse” fear has eate...
Supatman/iStock via Getty Images With the S&P 500 surprisingly shattering new records in 2026 despite incredible macro turbulence and geopolitical uncertainties, not much attention has been paid to the fact that the gains have been very lopsided, and many small/mid cap growth stocks are far from participating in the rally and are actually in deep bear market ruts. The “SaaSpocalypse” fear has eaten away at the software sector particularly harshly. That said, after such deep selloffs each company deserves an individual close look. Though AI is certain to upend the industry, my overarching thesis is that companies will be impacted in different ways, and many that are deeply discounted now actually have made noticeable moves to adapting to the AI age. Similarweb ( SMWB ), to me, is one of those unfairly punished stocks. The data feed company, best known for its SEO tools, has seen a ~70% share price decline this year: Data by YCharts I’m initiating Similarweb with a buy rating. There’s no doubt that execution here has been lacking at best, and risks abound with AI potentially encroaching into its territory. That said, it’s not all a lost cause here. The company is retrofitting its sales team to sell new AI solutions and to be better at selling into AI-native enterprises. While we wait for the outcome of these actions, we note Similarweb has declined to valuation levels that aren’t just below most other software peers, but well below where direct competitor Semrush got acquired. With that in mind, it’s difficult to say that there is zero demand in SEO or Semrush’s other growing flywheel of services. While I wouldn’t bet the proverbial farm on a large stake here, I think this stock is worth a small bet. A proprietary data platform boosting its AI angle Before we get into the specifics of why Similarweb has faltered, let’s first get a general lay of the land on what Similarweb does. The company describes itself as a proprietary data platform. Its core value add is its dir...
Our Dell Technologies (NYSE:DELL) call is constructive heading into FY27. Dell trades at $205.93 as of April 29, 2026, and our 24/7 Wall St. price target for Dell is $235.63, implying 14.42% upside over the next 12 months. We rate the stock a buy with 90% model confidence. The setup is straightforward: a $43 billion ... Dell Price Prediction: Double-Digit Gains Still Possible
Our Dell Technologies (NYSE:DELL) call is constructive heading into FY27. Dell trades at $205.93 as of April 29, 2026, and our 24/7 Wall St. price target for Dell is $235.63, implying 14.42% upside over the next 12 months. We rate the stock a buy with 90% model confidence. The setup is straightforward: a $43 billion ... Dell Price Prediction: Double-Digit Gains Still Possible
Iran could access its stockpile of near weapons-grade uranium if it decides to retrieve the material thought to be entombed at sites bombed by the US, according to the nuclear watchdog of the United Nations . “It is accessible if there’s a wish to go there,” the International Atomic Energy Agency ’s Rafael Mariano Grossi said Wednesday in an interview on Bloomberg TV. While IAEA inspectors haven’t...
Iran could access its stockpile of near weapons-grade uranium if it decides to retrieve the material thought to be entombed at sites bombed by the US, according to the nuclear watchdog of the United Nations . “It is accessible if there’s a wish to go there,” the International Atomic Energy Agency ’s Rafael Mariano Grossi said Wednesday in an interview on Bloomberg TV. While IAEA inspectors haven’t visited the sites where the material is located in 10 months, Grossi said satellite images suggest the majority of material remains buried at the location it was last seen near the Iranian city of Isfahan. The IAEA chief spoke as Washington and Tehran struggle to resume negotiations to end the conflict, which continues to restrict energy flows through the strategic Strait of Hormuz, where a fifth of the world’s oil and liquefied natural gas transited before the war began in February. Grossi said he’s in touch with White House Special Envoy Steve Witkoff and US President Donald Trump ’s son-in-law, Jared Kushner . “It’s on and off but there is a conversation,” said Grossi, adding his inspectors will remain critical to any outcome. “An agreement without verification is an illusion.” Iran has reportedly proposed an interim deal to reopen Hormuz in exchange for Washington ending its blockade of Iranian ports, while postponing more complex negotiations over the country’s nuclear program. The White House said on Monday that US officials were discussing Iran’s latest proposal but maintained “red lines” on any deal to end the eight-week war, including preventing Tehran from obtaining a nuclear weapon. The Islamic Republic has denied pursuing such an objective.
‘Buzkashi is a brutal sport that dates back to Genghis Khan. These Tajikistan players are trying to grab the body of a goat and drop it over a goal line. It’s every man for himself – and games can last six hours’ I can’t remember where I first read about buzkashi . Played across central Asia, the sport is thought to date back to the time of Genghis Khan. It involves large groups of men on horsebac...
‘Buzkashi is a brutal sport that dates back to Genghis Khan. These Tajikistan players are trying to grab the body of a goat and drop it over a goal line. It’s every man for himself – and games can last six hours’ I can’t remember where I first read about buzkashi . Played across central Asia, the sport is thought to date back to the time of Genghis Khan. It involves large groups of men on horseback trying to grab the headless body of a goat and keep control of it long enough to drop it over a line marked on the ground. There are no teams, it’s every man for himself, and games can last six hours. My projects often involve heightened colour , but when I decided I wanted to get back to the basics of light and tone and do a black and white series, this subject seemed to fit. A lot of the buzkashi footage I’d found was from Tajikistan, so I went there, hiring a local fixer to help deal with the logistics as news of the time and place of matches tends to travel by word of mouth just a few days in advance. Continue reading...
Merlin (MRNL) announced on Wednesday that it is raising $80M via a private investment in public equity (PIPE) from an existing institutional investor. The deal includes the issuance of 8M new common shares and also warrants to buy 4M additional shares at a price of $6.67 per share, valid for 5 years. The transaction is expected to close around May 1, 2026. After this deal, the company's total cash...
Merlin (MRNL) announced on Wednesday that it is raising $80M via a private investment in public equity (PIPE) from an existing institutional investor. The deal includes the issuance of 8M new common shares and also warrants to buy 4M additional shares at a price of $6.67 per share, valid for 5 years. The transaction is expected to close around May 1, 2026. After this deal, the company's total cash position will rise to ~$183M from ~$107M, strengthening its balance sheet. The net proceeds will be used to grow its platform, support regulatory approvals, scale operations, and expand customer contracts for future growth. The stock is trading at $10.62, down ~8.13%, reflecting dilution concerns after the equity raise. Source: Press Release More on Merlin, Inc. Merlin: Evolutionary Flight Autonomy, Not AI Hype Seeking Alpha’s Quant Rating on Merlin, Inc. Historical earnings data for Merlin, Inc. Financial information for Merlin, Inc.
Natalia Lebedinskaia | Moment | Getty Images For most filers, the tax deadline has come and gone — and if your refund or balance due was bigger than expected , it may be smart to adjust paycheck withholdings for 2026. Typically, workers ask employers for withholding changes via Form W-4 , which includes marital status, number of jobs, dependents and other details. For midyear updates, the form sug...
Natalia Lebedinskaia | Moment | Getty Images For most filers, the tax deadline has come and gone — and if your refund or balance due was bigger than expected , it may be smart to adjust paycheck withholdings for 2026. Typically, workers ask employers for withholding changes via Form W-4 , which includes marital status, number of jobs, dependents and other details. For midyear updates, the form suggests using the IRS tax withholding estimator for the "most accurate" instructions. The free tool generates a pre-filled W-4 (or W-4P for pension income) after asking about you and your spouse, earnings, adjustments, deductions and credits. But it may not be enough for all filers, experts say. Read more CNBC personal finance coverage This free tax withholding tool could make it easier update your paycheck Women tend to be 'risk-appropriate' investors, expert says: How that helps Nearly half of 2025 retirees stopped working sooner than they expected: Survey Social Security benefits can be reduced for retirees who work. How that may change Insurance rates based on credit history draw scrutiny from state lawmakers Dating is getting too expensive for many young adults in the U.S., survey shows Average tax refund is 11.3% higher, IRS filing data through Tax Day shows Fed is likely to hold rates steady — here's how that impacts your wallet Retirees are thinking of annuities the wrong way — and it may trip them up Wealth, millionaire tax push spreads to more states. What experts say Trump officials give mixed guidance on new student loan cap: financial aid group Trump's Fed pick Kevin Warsh signals approach to interest rates Gen Z looks for scholarships on TikTok. There's a better way, experts say What a looming jet fuel shortage could mean for summer travel CNBC's Financial Advisor 100: Best financial advisors, top firms ranked How withholdings impacted filers this season Enacted in July, President Donald Trump 's " big beautiful bill " added retroactive tax cuts for 2025, includ...
Costco Wholesale (NASDAQ: COST) and Walmart (NASDAQ: WMT) are both high-quality consumer staples companies with durable competitive moats. Neither stock is cheap, and the better stock right now depends on what you're aiming to optimize -- but on the whole, Walmart is the buy right now. If you want a higher-growth, membership-driven compounder that rewards long-term holders, Costco stock is the pic...
Costco Wholesale (NASDAQ: COST) and Walmart (NASDAQ: WMT) are both high-quality consumer staples companies with durable competitive moats. Neither stock is cheap, and the better stock right now depends on what you're aiming to optimize -- but on the whole, Walmart is the buy right now. If you want a higher-growth, membership-driven compounder that rewards long-term holders, Costco stock is the pick. If you want lower valuation, more near-term earnings levers, and exposure to one of the fastest-growing retail advertising businesses in the world, Walmart stock has the edge. For most investors building a core position in consumer staples today, Walmart offers the better risk-reward proposition at current prices. Costco commands a higher multiple for good reason. Its membership renewal rate in the U.S. and Canada is 92.1%, while global renewal is 89.7%. Membership fee revenue hit $5.3 billion in fiscal 2025 and grew another 13.6% in the second quarter of fiscal 2026, even after absorbing a membership fee hike in late 2024. That recurring revenue is essentially annuity income. The revenue is predictable, durable, and nearly impervious to recessions. When Costco raises its membership price, its members renew anyway. Continue reading
Key PointsVanguard Small-Cap Value ETF provides exposure to a broader basket of holdings at a significantly lower expense ratio than iShares S&P Mid-Cap 400 Value ETF.
Key PointsVanguard Small-Cap Value ETF provides exposure to a broader basket of holdings at a significantly lower expense ratio than iShares S&P Mid-Cap 400 Value ETF.