OpenAI trial recap: Musk cross-examination gets heated with Altman’s lawyer on day 3
Elon Musk sued OpenAI, Sam Altman and Greg Brockman in 2024, claiming they reneged on their promise to keep the artificial intelligence lab a nonprofit.
How Banyan Group survived the volatile hospitality industry without compromising on its values
Banyan Group’s founders share insights on building a global luxury hospitality brand — and how they navigated crisis after crisis without compromising their values.
Alphabet ups 2026 capex to as much as $190 billion, expects to ‘significantly increase’ in 2027
Alphabet reported first-quarter earnings, posting booming cloud revenue and upping its full-year capex spend to as much as $190 billion.
Fed holds rates steady but with highest level of dissent since 1992
The Federal Reserve on Wednesday released its latest decision on interest rates.
Five ‘Magnificent Seven’ names will post earnings before the week ends. Levels to watch
Frank Cappelleri takes a spin through the technicals in these tech giants ahead of earnings.
Paramount CEO David Ellison wants to release 30 films annually. History and Hollywood say it’s unrealistic
While David Ellison has set a lofty goal for Paramount to release 30 films a year, there’s no recent precedent for such a haul.
Stocks making the biggest moves midday: GE HealthCare Technologies, Bloom Energy, Seagate, Teradyne, & more
Here are the stocks making headlines in midday trading.
Meta stock drops on quarterly results as ‘internet disruptions’ in Iran drag down user numbers
Meta beat on revenue, but showed disappointing user numbers and its capital expenditures were below estimates.
Bill Ackman’s Pershing Square USA fund falls sharply in public market debut
The listing gives public investors their first direct stake in Ackman’s investment platform, which runs a concentrated portfolio of 10 large-cap names.
Trump Fed pick Kevin Warsh clears key Senate hurdle, teeing up final vote
Current Fed Chair Jerome Powell has faced a barrage of criticism from Trump over his refusal to slash interest rates as much as the president wants.
