Author: Editor-In-Chief
Genesis AI, a startup that raised $105 million in a seed round to build fundamental AI for robotics, announced its first model, GENE-26.5. This comes with a surprise hand. In a demo video, the company showcased a variety of advanced tasks performed by a series of in-house designed robotic hands. “Models have always been the goal, because better models mean better intelligence,” Genesis co-founder and CEO Zhou Xian told TechCrunch. However, the company quickly realized that it needed control over its hardware. “So we decided to go full stack,” he said. Other well-funded companies are operating at the intersection of…
A “Now Hiring” sign hangs in the window of a business in Manhattan, New York City, on January 9, 2026.Spencer Pratt | Getty ImagesFederal labor market data released Tuesday suggests the frozen U.S. job market may be starting to thaw, but labor economists say the economic fallout from the Iran war threatens to stall that momentum. “Is the employment recession finally over? There are encouraging signs,” Heather Long, chief economist at Navy Federal Credit Union, said in an email. “The big concern is that a war with Iran could halt much-needed progress in the labor market,” she wrote. Job market…
U.S. Secretary of State Marco Rubio speaks during a press conference in the Brady Press Briefing Room at the White House on May 5, 2026 in Washington, DC. Anna Moneymaker | Getty ImagesSecretary of State Marco Rubio is in great shape as he heads into an important meeting Thursday at the Vatican aimed at easing tensions with Pope Leo XIV.He may not have answered well when asked to name his DJ, but Rubio was otherwise calm, cool, and collected during his stand-in appearance at Tuesday’s White House press briefing, which led to #Rubio2028 trending on X.It was a good day…
Google is updating search to improve the AI experience by adding additional context to links, such as conversations from web forums, and the ability to highlight links from users’ news subscriptions. Citing web forums and discussion boards can help users find answers to more niche questions, but this design choice can also be confusing. Image credit: Google (Opens in new window) Two years ago, Google completely overhauled its search experience to bring AI to the forefront. When searching for something, Google often calls up “AI Overview,” which has sparked mixed reviews from users. People were quick to point out that…
Prices are displayed on a gas station sign in Washington, DC, USA on May 1, 2026.Annabelle Gordon ReuterLow-income consumers are compensating for higher gasoline prices by buying less, while higher-income consumers are not changing their behavior at all despite rising costs, according to a study released Wednesday by the New York Fed.In fact, during the energy price spike in March, households with annual incomes of less than $40,000 saw the smallest increase in gas spending of all income groups. The group accelerated nominal gas spending by just 12%, but this was the result of a 7% reduction in consumption, according…
In recent months, the Food and Drug Administration has blocked the publication of several studies supporting the safety of vaccines against the new coronavirus and shingles, a Department of Health and Human Services spokesperson confirmed Tuesday. This is the latest effort by the Trump administration to challenge safe and effective shots in the United States and make them less accessible to some patients. Under Health and Human Services Secretary Robert F. Kennedy Jr., a prominent vaccine skeptic, federal health agencies have loosened recommendations for coronavirus vaccinations, cut back on vaccine development research and overhauled childhood immunization schedules. FDA scientists worked…
Apple CEO Tim Cook gestures as he departs after a reception with business leaders and the US president on the sidelines of the World Economic Forum Annual Meeting in Davos, January 21, 2026.Fabrice Coffrini | AFP | Getty ImagesFor the first time in at least 30 years, apple The company spends more than 10 cents of every dollar it makes on research and development, one of the strongest signs that the iPhone maker is pouring money into its artificial intelligence ambitions.Apple’s research and development spending reached 10.3% of sales in the March quarter, up from 7.6% in the previous quarter…
After a disappointing weekend for Ferrari at the Miami Grand Prix, Karun Chandhok and David Croft discussed whether the Italian team’s 2026 season is in trouble on the F1 Show podcast.After F1’s forced five-week hiatus, Ferrari brought a major upgrade package to Miami, leading to high expectations, but the results were disappointing. McLaren’s upgrade package had an even more significant impact as the reigning constructors’ champion dominated the sprint events before Kimi Antonelli won the Grand Prix for Mercedes, an ominous result considering the Silver Arrows have postponed their mass car changes until the next race in Canada. There were…
Check out the companies that made headlines after the bell: Advanced Micro Devices — Shares soared 7% after the chipmaker released strong guidance. AMD is forecasting second-quarter sales of $11.2 billion, or $300 million more than the $10.52 billion expected by analysts. First quarter results also exceeded expectations for both sales and bottom line. Supermicrocomputer — server maker soared 19%. LSEG said its fourth-quarter earnings forecast ranged from 65 cents to 79 cents per share, above Wall Street’s call for 55 cents per share. In the third quarter, Super Micro posted adjusted earnings of 84 cents per share on revenue…
This is CNBC’s Morning Squawk newsletter. Subscribe here to receive future editions in your inbox.Happy Wednesday. After reading about restaurant brand internationalSince I earned some money this morning, I feel like having my morning coffee at Tim Hortons.Stock futures are rising this morning after a winning day for the three major indexes.Here are five important things investors need to know to start their trading day.1. Is the end near?US President Donald Trump signs the proclamation and gives a speech in the Oval Office of the White House on May 5, 2026 in Washington, DC. Anna Moneymaker | Getty ImagesStock futures…