Author: Editor-In-Chief
U.S. President Donald Trump speaks to reporters before boarding Air Force One at Joint Base Andrews, Maryland, May 20, 2026. President Trump is in Connecticut to deliver the commencement address at the U.S. Coast Guard Academy. Chip Somodevilla | Getty ImagesA $10 billion lawsuit against the Internal Revenue Service that President Donald Trump recently dismissed should be reopened so the judge overseeing it can investigate “whether there was any wrongdoing,” 35 former federal judges argued Wednesday.On May 18, Trump, his two eldest sons, and the Trump Organization abruptly dropped a lawsuit against the IRS and Treasury Department based on leaks…
The Trump administration is trying to put pressure on international officials who are scrutinizing reported abuses by the Israeli military.Published May 28, 2026May 28, 2026The US government has returned UN human rights expert Francesca Albanese to its list of sanctions after a judge granted a temporary injunction against the designation.On Wednesday, an update was posted on the U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) website indicating that Albanians had been added to the agency’s list of Specially Designated Nationals (SDNs), without providing further details.Recommended stories list of 3 itemsend of listMs Albanese is the UN special rapporteur on…
Cloud data storage giant Snowflake has signed a new $6 billion, five-year agreement with Amazon Web Services, the companies announced Wednesday. Snowflake has always run on AWS, but has recently become available on Microsoft Azure and Google Cloud. To give you a sense of how big this deal is for these companies, Snowflake has sold a total of $7 billion worth of services through AWS Marketplace since its founding in 2012, AWS said. So this new deal is close to all the money we’ve ever made from that cloud. That’s possible because Snowflake’s customers have recently accelerated their spending on…
Neel Kashkari, President and CEO of the Federal Reserve Bank of Minneapolis, speaks at the Milken Conference 2024 Global Conference Session at the Beverly Hilton in Beverly Hills, California, USA, May 7, 2024. David Swanson | ReutersMinneapolis Fed President Kashkari said Thursday that consumer price increases are “too high” and that lowering U.S. inflation is a priority over the labor market. Kashkari told CNBC’s Kaori Enjoji at the Bank of Japan’s IMES conference that the U.S. central bank will take a “balanced approach” to its dual mandate of price stability and full employment. But he noted that while inflation has…
Meta CEO Mark Zuckerberg wears Meta’s Ray-Ban Display AI glasses during the MetaConnect event on September 17, 2025 in Menlo Park, California.David Paul Morris | Bloomberg | Getty Imagesmeta The company is looking for revenue streams in the AI era beyond advertising and plans to charge users for artificial intelligence features for the first time.This subscription is for Meta AI apps and websites, including OpenAI, Anthropic, google Gemini. Naomi Gleit, Meta’s head of product, revealed the subscription test in an Instagram video, announcing that the plan will “empower people using Meta AI to do more, with more capacity, larger and…
Z scalerThe company’s stock plunged more than 30% on Wednesday, its worst day ever, after the company released underwhelming guidance that overshadowed its better-than-expected third-quarter results.The cybersecurity company had expected annual recurring revenue growth of 16% to 17% year over year for fiscal 2027, which was lower than StreetAccount’s expectations. Zscaler expects revenue for the quarter to be between $875 million and $878 million, slightly short of the $878.6 million that FactSet expected.Zscaler projects ARR of $3.74 billion to $3.75 billion in fiscal 2026, or approximately 24% year-over-year growth.Zscaler said it lost two sales leaders during the quarter, and finance…
Online retailer Amazon’s logo and lettering can be seen on the facade of Amazon’s German headquarters.Sven Hoppe | Picture Alliance | Getty ImagesAmazonhead of healthcare is leaving his position and will be replaced by co-founder of telemedicine company Amwellthe company announced on Wednesday.Neil Lindsay, who joined Amazon more than 15 years ago, has served as senior vice president of Amazon Health Services since 2021. AHS extends to initiatives such as Amazon’s online pharmacy service and primary care chain One Medical. Dr. Roy Schoenberg will replace Lindsay effective July 1, Doug Herrington, Amazon’s head of worldwide retail, said in a note…
A proposal for the Commodity Futures Trading Commission to regulate prediction markets such as Calci and Polymarket is being considered by the White House, according to Tuesday’s filing.Details of the proposal are being reviewed by the Office of Management and Budget and are not included in the filing. CNBC has reached out to the CFTC for comment on the filing, Bloomberg reported earlier Wednesday.A Kalsi spokesperson had no comment on the filing. Polymarket did not respond to requests for comment.On January 29, CFTC Chairman Michael Selig withdrew a proposed rule that would have prohibited trading on sports and politics in…
The US president warned that Oman, a US ally, “will act like any other country, or we will have to blow it up.”US President Donald Trump has threatened to use military force against Oman if it cooperates with Iran to assert control of the Strait of Hormuz.At Wednesday’s Cabinet meeting, reporters asked President Trump to weigh in on the idea of Oman and Iran overseeing trade in the strategic waterway, which handles more than 20% of the world’s oil shipments.Recommended stories list of 3 itemsend of list“Would you accept a short-term deal that would allow Iran and Oman to control…
As AI video models become more powerful, YouTube automatically labels videos on behalf of creators, instead of relying solely on creators to label AI videos. The company announced Wednesday that it will apply the label if its internal systems detect that “significant photorealistic AI” has been used. YouTube also plans to make AI labels more prominent and easier to find on both long-form videos and YouTube Shorts. The video platform’s AI label has been in use for more than two years, since YouTube updated its AI policy and introduced tools in Creator Studio that require creators to publish videos with…