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Early bird pricing ends tomorrow, May 29th at 11:59pm PT. After that, the price of TechCrunch Disrupt 2026 will increase. If you miss out on this, you’ll end up paying more for the same access to one of this year’s most anticipated tech hubs. Register now and save up to $410 on passes and up to 30% off on group passes. Disrupt: A starting point in the technology ecosystem If you’re looking to raise money, hire top talent, launch a startup, or find your next portfolio company, you won’t want to miss Disrupt, which will be held at Moscone West…
New data shows financial pressures could prompt more savers to tap into retirement accounts in the first half of 2026, potentially locking in losses in the early weeks of the Iran war.The average 401(k) balance fell 4% to $141,000 amid severe market volatility earlier this year, according to first-quarter data released Thursday by Fidelity Investments, the nation’s largest provider of 401(k) savings plans.The average balance in individual retirement accounts also fell 4% to $131,380 in the first quarter, according to Fidelity research.Kirsten Hunter Peterson, vice president of workplace thought leadership at Fidelity Investments, said the decline was due to a…
Web development company based in Israel wicks CEO Abishai Abrahami announced in a post on X early Thursday that the company would cut about 20% of its workforce, citing the “rapid evolution of its AI capabilities” and difficulties surrounding currency exchange rates.”Since the invention of modern programming languages in the 1970s, we have seen the most significant change in the way companies are built. This is not just about adopting new tools, it is about rewiring the way companies are built, thought, managed, and operated,” Abrahami wrote, noting that the company will move toward reducing the number of leaders in…
The Commodity Futures Trading Commission’s move to revoke its consent order against virtual currency exchange Gemini Trust is “very unusual,” the former CFTC chairman said Thursday on CNBC’s “Squawk on the Street.”Former Commissioner Tim Massad also said he was not aware of the details of the CFTC’s lawsuit against Gemini, which was founded by the Winklevoss brothers, because the case occurred after he was at the agency, but noted that during his tenure, CFTC staff “filed only strong cases.”The CFTC on Wednesday asked a New York federal judge to vacate its January 2025 order against Gemini. The order included a…
Nairobi — Plans to open a medical facility in Kenya this week for Americans who may have been infected with the Ebola virus have drawn widespread criticism from both Kenyan doctors and U.S. officials working at the Centers for Disease Control and Prevention (CDC). Kenya’s main doctors’ union and the Law Society of Kenya told CNN they oppose the plan, saying it risks introducing Ebola to the East African country, which had no cases as of Thursday. Meanwhile, in the United States, CDC officials involved in Ebola response efforts said they strongly recommended against the plan to send Americans to…
YouTube announced Thursday that it is introducing new podcast features for premium users, including an AI-powered recommendation tool, an “auto speed” setting, and a new on-the-go listening mode. The update signals YouTube’s continued efforts to compete with other platforms for podcast viewers, especially as streaming giant Netflix is investing heavily in video podcasts. The company also appears to be targeting users who consume podcasts on audio-first apps like Spotify and Apple Podcasts by focusing on personalized discovery and hands-free listening features. The Google-owned platform’s Ask Music feature, which allows premium users to generate personalized radio stations and playlists, will now…
President Donald Trump stands on stage at the Treasury Department’s Trump Account Summit in Washington, Jan. 28, 2026.Kevin Lamarque | ReutersFamilies can now download the Trump Account app. This is an important next step in opening an investment account for children, which can include up to $1,000 in seed money. The app’s debut on Thursday comes a little more than a month after the official July 4 launch of the new tax-deferred account. The first deposits from the U.S. Treasury Department could arrive “as early as July 4,” according to an image of the app shared with CNBC.The Trump Account…
Software stocks soared Thursday. snowflake revealed plans to spend $6 billion on Amazon’s computing, beating revenue expectations on the strength of artificial intelligence.The software maker’s stock rose 37%, marking its best day ever. The company is expanding its efforts to use Amazon’s own chips for AI.With the announcement, Snowflake beat Wall Street’s fiscal first-quarter adjusted earnings per share and revenue estimates.Finance chief Brian Robbins told analysts Wednesday that AI tools such as Cortex Code are driving a “step function change” in the company’s AI revenue potential.”AI is simply transforming the way companies operate, enabling productivity gains through a combination of…
Spencer Pratt’s Los Angeles mayoral campaign began with celebrity ambition. Days before Tuesday’s primary, the former MTV reality star is threatening to force incumbent Mayor Karen Bass into a runoff in November.Mr. Pratt, best known for “The Hills,” has 22% support among likely voters in the latest UC Berkeley/Los Angeles Times poll, behind Mr. Bass at 26% and City Council member Nithya Raman at 25%. Mr. Pratt and Mr. Raman have each risen 8 points since March, according to the poll.The Los Angeles mayoral election is bipartisan. If no candidate wins more than 50% in Tuesday’s primary, the top two…
Rising gasoline prices led to inflationary pressures, with prices rising 5.5% in AprilPublished May 28, 2026May 28, 2026The ongoing U.S.-Israel war against Iran has fueled soaring energy prices, causing U.S. inflation to rise at the fastest pace in three years.Personal consumption spending, which the Federal Reserve recommends for assessing inflation, rose 3.8% in April from a year earlier, following a 3.5% increase in March, according to a report from the Commerce Department’s Bureau of Economic Analysis released Thursday.Recommended stories list of 4 itemsend of listOn a month-on-month basis, the PCE (Personal Consumption Expenditure Price Index) increased by 0.4% in April,…