McDonald’s CEO says consumer spending could be ‘getting a little bit worse’
Shares of McDonald’s have fallen 10% over the last year, hurt by concerns about the broader economy.
Anthropic CEO says 80-fold growth in first quarter explains ‘difficulties with compute’
At Anthropic’s developer conference in San Francisco, CEO Dario Amodei said the company is ‘working as quickly as possible’ to provide additional compute.
Snap issues cautious guidance as Perplexity deal ends, Middle East ‘geopolitical situation’ causes uncertainty
Snap reported first-quarter earnings and provided cautious sales guidance while revealing it no longer has a deal with the generative AI startup Perplexity.
Marco Rubio heads to the Vatican as 2028 presidential buzz ramps up
Secretary of State Marco Rubio is a frontrunner to succeed President Donald Trump in 2028, and Trump is sending him to meet with Pope Leo XIV.
Surging gas prices are hitting lower-income households harder, New York Fed study shows
Lower-income consumers are compensating for higher gas prices by buying less.
SpaceX and Anthropic mega-IPOs could mark end of bull run, Bank of America suggests
Rule changes for faster inclusion and rejiggering the math on free float multiples “smack of late-stage machinations,” the bank said.
Ken Griffin: Citadel expanding in Miami in response to NYC mayor Mamdani’s ‘poor taste’ tax video
Mamdani’s office said in response to Griffin, “our tax system is fundamentally broken. It rewards extreme wealth while working people are pushed to the brink.”
From jewelers to health tech, CEOs want tariff refunds as earnings take a hit
Philips and Pandora on Wednesday announced their intentions to apply for tariff rebates in the aftermath of President Trump’s “liberation day” blitz.
Mortgage rates hit the highest level in a month, causing first-time homebuyers to drop out
Mortgage rates rose last week, causing loan demand to drop back and causing the average loan size to rise — indicating that lower-income borrowers dropped out.
Restaurant Brands International earnings top estimates, fueled by Burger King turnaround
Restaurant Brands International reported quarterly earnings and revenue that topped Wall Street’s estimates.
