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.

Palantir Reports Strong Earnings and Boosts Revenue Outlook

Palantir Technologies boosted its revenue guidance on Monday while reporting earnings that met analysts' expectations, though its shares dropped by about 9% after hours....

Palantir CEO Alex Karp Delivers Philosophical Shareholder Letter Amid Strong Earnings

Palantir CEO Alex Karp delivered a distinctive message to investors in the company’s first-quarter earnings report, combining business updates with philosophical musings. In his...

Hims & Hers Reports Strong Earnings, But Weak Guidance Sends Shares Lower

Hims & Hers Health saw its stock decline in after-hours trading on Monday after reporting first-quarter earnings that exceeded analysts’ expectations but provided weaker-than-expected...

Hinge Health Posts Strong Q1 Results as It Prepares for IPO

Hinge Health, a digital physical therapy startup, has released its first-quarter results, highlighting strong revenue growth. The company, which filed to go public in...

Starbase Becomes Official Texas City, Led by SpaceX Employees

Elon Musk's new company town, Starbase, located along the Texas Gulf Coast, has officially become a city. The incorporation election, which took place over...

Cadillac’s Resurgence: GM’s Ambitious Push to Reclaim Luxury Leadership

Walking into General Motors’ global design headquarters is like stepping back in time. The midcentury modern architecture, largely unchanged since the building’s opening in...

Trump’s Proposed 100% Tariff on Foreign-Made Films Shakes Hollywood Investors

Hollywood investors were left reeling Monday after former President Donald Trump proposed a 100% tariff on films made overseas and imported into the United...

Skechers to Go Private in $63-Per-Share Buyout by 3G Capital

Skechers has reached an agreement to be acquired by private equity firm 3G Capital for $63 per share, concluding nearly 30 years as a...

FanDuel Sports Network Sees Rapid Streaming Growth Post-Rebrand

FanDuel Sports Network, the rebranded group of regional sports networks formerly known as Bally Sports, has experienced significant growth in its streaming subscriber base,...

Air Traffic Control Failure at Newark Spurs Flight Delays and Infrastructure Concerns

Air traffic controllers at Newark Liberty International Airport temporarily lost radar and communications with aircraft on April 28, causing significant disruptions and exposing critical...

Trump Signs Order to Boost U.S. Drug Manufacturing and Curb Imports

President Donald Trump signed an executive order aimed at revitalizing pharmaceutical manufacturing within the United States. The move comes amid growing concerns over dependency...

Ford Beats Q1 Estimates but Suspends 2025 Outlook Due to Tariffs

Ford Motor Company surpassed Wall Street expectations for the first quarter of 2025 but has suspended its full-year financial guidance due to the anticipated...

Virtual K-pop Group PLAVE Breaks Records and Hearts Worldwide

PLAVE, a rising star in the K-pop world, is capturing hearts globally—despite not being made of flesh and blood. The five-member group—Yejun, Noah, Eunho,...

Kentucky Derby 2025 Proceeds Amid Economic Uncertainty and Baffert’s Return

The 151st Kentucky Derby is set to unfold this Saturday at Churchill Downs, with global economic challenges and construction delays framing the lead-up to...

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