Business

HPE Raises Annual Forecasts as AI Server Demand Lifts Quarterly Revenue

Hewlett Packard Enterprise raised its annual profit and revenue forecasts after AI server and networking demand drove a quarterly earnings beat.

NBA Suspends Clippers Owner Ballmer, Strips Five Draft Picks Over Kawhi Deal

The NBA suspended Clippers owner Steve Ballmer for one year, stripped five first-round draft picks and fined the team $30 million over the Kawhi Leonard ca

New York City Bans AI for Students Through 8th Grade for One Year

New York City announced a one-year ban on AI tools for students through eighth grade, with new literacy classes and screen-time caps for older students.

Two Killed and Suspect Dead in Downtown Minneapolis High-Rise Shooting

Two people were killed and seven wounded, including three police officers, in a shooting at a downtown Minneapolis high-rise Wednesday. The suspect is dead

HPE Raises Annual Forecasts as AI Server Demand Lifts Quarterly Revenue

Hewlett Packard Enterprise raised its annual profit and revenue forecasts after AI server and networking demand drove a quarterly earnings beat.

Used Vehicle Prices Surge Amid Tariff Concerns, Reaching New Heights

Used vehicle prices saw a significant surge last month, reaching their highest point since October 2023, as consumers rushed to purchase vehicles amid concerns...

Netflix Redesigns Homepage to Improve Search and User Experience

Netflix introduced a revamped homepage experience on Wednesday, aiming to make content discovery easier and more enjoyable for its members. The redesign focuses on...

Investors Sue UnitedHealthcare Over Misleading Earnings Outlook After CEO’s Death

A group of investors filed a class action lawsuit against UnitedHealthcare Group on Wednesday, alleging that the company misled them following the fatal shooting...

Serena Williams and Alexis Ohanian Teach Daughter the Value of Money

Serena Williams and Alexis Ohanian, despite their considerable wealth, are committed to teaching their 7-year-old daughter Olympia the value of hard work and financial...

U.S. Resumes Collections on Defaulted Student Loans, Affecting Borrowers

The U.S. Department of Education has resumed its efforts to collect on defaulted student loans, ending a five-year pause since the start of the...

China’s Exports Surge in April Despite U.S. Tariffs

China's exports saw a significant rise in April, increasing 8.1% from the previous year, according to official data. This surge came despite a sharp...

Bill Gates Pledges to Give Away Most of His Wealth, Closing Foundation by 2045

Bill Gates has announced plans to give away nearly all of his $168 billion fortune and close the Bill & Melinda Gates Foundation by...

Disney Announces New Theme Park Resort in Abu Dhabi

The Walt Disney Company has unveiled plans for a new theme park and resort in Abu Dhabi, marking its seventh global theme park destination....

U.S. Air Traffic Control Faces Renewed Scrutiny After Major System Outage

A brief but significant equipment failure on April 28 has once again highlighted the critical issues facing the U.S. air traffic control system, exposing...

Flutter Misses Q1 Earnings Expectations Amid NCAA Impact, Adjusts U.S. Guidance

Flutter, the global leader in sports betting and online gaming, reported weaker-than-expected financial results for the first quarter as customer-favorable outcomes during the NCAA...

Carvana Reports Record Q1 Sales and Profit Amid Rising Used Car Demand

Carvana posted impressive first-quarter results, surpassing Wall Street expectations with record sales and profitability, driven by stronger-than-anticipated industry demand and heightened consumer activity amid...

Saudi Arabia Expands Investment in Women’s Golf with PIF Global Series

Saudi Arabia is strengthening its commitment to women’s professional golf through a new initiative spearheaded by the Public Investment Fund (PIF). The sovereign wealth...

FC Mother Launches “World Cup of Healing” to Tackle Maternal Health Crisis

On Mother’s Day, a unique global initiative is launching to tackle the maternal health crisis through the power of soccer. Maternal mortality remains dangerously...

Family Offices Shift Toward Deep Tech Amid Tariff Concerns

Private investment firms for ultra-wealthy families significantly reduced their direct investment activity in April, likely in response to economic uncertainty and concerns over tariffs....

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