Author: Editor-In-Chief

This photo shows a smartphone screen set up to display logos of major social media platforms such as Instagram, Facebook, LinkedIn, Reddit, Telegram, X, Bluesky, Tiktok, and Whatsapp.Martin Lelièvre | AFP | Getty ImagesGovernment action to ban social media platforms risks further tightening Big Tech’s grip on the industry and limiting access for small businesses, Blue Sky executives have warned.Rose Wang, Bluesky’s chief operating officer, told CNBC on the sidelines of SXSW in London on Wednesday that small open source platforms are not opposed to regulation, but smaller companies in the industry should be protected. “I support youth protection and…

New Federal Reserve Chairman Kevin Warsh arrives for the swearing-in ceremony in the East Room of the White House on May 22, 2026 in Washington, DC. Aaron Schwartz | AFP | Getty ImagesIn May, another big jobs report was released, all but eliminating the possibility of a rate cut in the near future, and in the process highlighting the difficulties of new Fed Chairman Kevin Warsh’s policy going forward.A potential rate cut was already on life support heading into Friday’s nonfarm payrolls report. But the unexpectedly large increase of 172,000 people, combined with last month’s large upward revision, further weakens…

summary Pope Leo XIV begins a week-long visit to Spain on Saturday, where he is expected to address immigration and political polarization. The first American pope will visit an immigration center in the Canary Islands and become the first pope to address Spain’s parliament. His travels show his priorities on issues such as war and immigration. AI-generated summaries were reviewed by CNN editors. Pope Leo During his first trip to the United States, from June 6 to 12, he will visit an immigration center in the country, address Spain’s deeply polarized parliament and visit Barcelona’s iconic Sagrada Familia cathedral. He…

Option traders are rushing to place bets on Michael Saylor, crypto’s most vocal evangelist. Call it a strategic rebellion.Flow around Sailors Strategy (MSTR) and our floating rate preferred stock. STRC Despite Bitcoin’s steady decline that started in mid-May, traders have turned bearish this week after being more balanced last month.On Strategy Friday, more than twice as many puts were traded as calls, and more than three times more puts were bought than calls, almost triple the average daily volume over the past month. At the time of writing, $250 of the $335 million premium traded was tied to puts.Some of…

U.S. employers announced more than 97,000 job cuts in May 2026, according to a report released Thursday by outplacement firm Challenger, Gray & Christmas.The announced layoffs are the highest for May since the start of the coronavirus pandemic in 2020, according to Challenger data. The number of layoffs this year has also increased for the third consecutive month, up from 83,387 in April, 60,620 in March, and 48,307 in February.The report, based on corporate layoff announcements, found that employers cited AI as the main reason for nearly 40% of layoffs announced in May, up from 7% in January, 10% in…

Meta Inc. CEO Mark Zuckerberg is pictured at the U.S. Capitol after a meeting in the office of Senate Majority Leader John Thune, R.S.D., on March 26, 2026.Tom Williams | CQ-Roll Call Inc. | Getty Imagesmeta Shares fell more than 5% on Friday after the Financial Times reported that the company could raise tens of billions of dollars in a stock offering to fund investments in artificial intelligence.The FT reports that the social media company is considering a potential stake sale following its acquisition by a rival company. alphabet announced plans this week to raise $85 billion through a stock…

President Donald Trump faces the risk that Iran could close the Bab el-Mandeb Strait if the conflict in the Middle East escalates, a scenario that would drastically reduce oil supplies to an already severely disrupted market. Bab el-Mandeb is one of the world’s trade hubs, connecting the Red Sea, Gulf of Aden, and Arabian Sea. It has served as a key relief valve for oil markets as Iranian attacks on tankers and cargo ships have sharply reduced exports through the Strait of Hormuz.After shutting down the Hormuz River, Saudi Arabia ramped up the flow of oil through its East-West pipeline,…

(LR) Google CEO Sundar Pichai speaks with Tesla and SpaceX CEO Elon Musk as they arrive to attend the swearing-in ceremony of Donald Trump as the 47th US President at the Capitol Rotunda in Washington, DC on January 20, 2025. Saul Loeb | AFP | Getty ImagesDays before a planned IPO that is expected to raise a record amount of cash, SpaceX struck a deal with. google Providing AI computing power to search giants generates $920 million in revenue per month.Google plans to spend about $110,000, according to a regulatory filing Friday. Nvidia SpaceX’s data centers house graphics processing units,…

Nikesh Arora, CEO of Palo Alto Networks, attends the 9th VivaTech trade show at Exposition Porte de Versailles on June 11, 2025 in Paris. Chesnot | Getty ImagesAnthropic’s Mythos model has provided cybersecurity companies with a much-needed lifeline in the age of artificial intelligence.But this week’s cybersecurity earnings were a cruel reminder that even with tailwinds, good is never good enough as stocks rise. cloud strike and palo alto networks They lost 8% and 3% respectively.”People probably re-skied a little bit,” said Joseph Gallo, a software analyst at Jefferies. “Both have provided guidance for acceleration, but at the end of…

Marvell Technology Group Ltd. Headquarters, Santa Clara, California, September 6, 2024.David Paul Morris | Bloomberg | Getty Imagesmarvel technologyThe chipmaker, which makes a variety of components and products needed for the artificial intelligence infrastructure boom, will join the S&P 500 on June 22, becoming the latest semiconductor company to be added to the benchmark. flexThe electronics contract manufacturer will also be added to the index on June 22, according to a press release. Both companies will take turns pool coop and campbells company.Marvell stock rose 5% in extended trading. The chipmaker saw a surge earlier this week. Nvidia CEO Jensen…