Business

Trading Day: Rarified AIr

Tuesday, May 5 by SRN News

By Jamie McGeever ORLANDO, Florida, May 5 (Reuters) - The S&P 500 and Nasdaq sailed to new highs on Tuesday, riding the crest of yet another wave of optimism around the artificial intelligence boom. Strong earnings, lower oil prices, and relief that the U.S.-Iran ceasefire... Read More.

Factbox-What we know about US stress tests of Google, xAI and Microsoft AI models

Tuesday, May 5 by SRN News

By Courtney Rozen and Jody Godoy WASHINGTON, May 5 (Reuters) - The Trump administration on Tuesday announced it had expanded a program to give U.S. government scientists access to unreleased artificial intelligence models to conduct risk assessments to include Google's DeepMind, xAI and Microsoft. ChatGPT maker... Read More.

Match Group beats revenue estimates as Hinge grows, Tinder resets amid AI push

Tuesday, May 5 by SRN News

By Kritika Lamba May 5 (Reuters) - Match Group posted first-quarter revenue above estimates on Tuesday, driven by the solid performance of dating app Hinge and early signs that a turnaround at Tinder is gaining traction amid a broad push for AI-led transformation. Shares of the... Read More.

US gasoline prices top $4.50 a gallon as summer driving season nears

Tuesday, May 5 by SRN News

By Anushree Mukherjee May 5 (Reuters) - The U.S. national average retail price of gasoline surpassed $4.50 a gallon on Tuesday for the first time since July 2022, data from GasBuddy showed, as the U.S.-Israeli war with Iran kept disrupting a substantial portion of global... Read More.

Trump administration sues Denver over its 1989 assault weapons ban

Tuesday, May 5 by SRN News

The Trump administration sued Denver and its police department on Tuesday seeking to strike down an assault weapons ban that's been in place for Colorado's largest city since 1989. The lawsuit came a day after city officials publicly rejected calls by the Department of Justice... Read More.

FDA announces its first OK of fruit-flavored e-cigarettes for adults in major shift under Trump

Tuesday, May 5 by SRN News

WASHINGTON (AP) - The Food and Drug Administration on Tuesday announced its first authorization of fruit-flavored electronic cigarettes intended for adult smokers, a major policy shift that comes after months of appeals to President Donald Trump from the vaping industry. The decision is certain to... Read More.

Spirit Airlines has stopped flying. Here’s what happens next

Tuesday, May 5 by SRN News

Lawyers for Spirit Airlines returned to a U.S. bankruptcy court in New York on Tuesday to seek approval for dismantling the once-busy budget carrier and turning its parts into cash for creditors. The liquidation marks a dramatic turn for Spirit, which filed for bankruptcy protection... Read More.

Meta plans advanced ‘agentic’ AI assistant for users, FT reports

Tuesday, May 5 by SRN News

May 5 (Reuters) - Meta is building a highly personalized artificial intelligence assistant to carry out everyday tasks for its billions of users, the Financial Times reported on Tuesday, as the company faces investor scrutiny over its escalating AI spending. The social media giant is... Read More.

HSBC shares slump 6% on surprise $400 million hit linked to MFS collapse

Tuesday, May 5 by SRN News

By Lawrence White and Selena Li LONDON/HONG KONG, May 5 (Reuters) - HSBC reported an unexpected $400 million loss linked to the collapse of British-based mortgage lender Market Financial Solutions on Tuesday, raising further questions about lenders' private credit exposure and sending the bank's shares... Read More.

AirAsia, Airbus set to announce 150-jet order for A220 on Wednesday, sources say

Tuesday, May 5 by SRN News

MONTREAL, May 5 (Reuters) - Airbus plans to announce an order on Wednesday for about 150 A220 jets from AirAsia, in a boost for the planemaker's smallest jetliner that has recently lost orders to Brazil's Embraer, two sources told Reuters. The province of Quebec has... Read More.

Current Weather

Trading Day: Rarified AIr

Factbox-What we know about US stress tests of Google, xAI and Microsoft AI models

US gasoline prices top $4.50 a gallon as summer driving season nears

Trump administration sues Denver over its 1989 assault weapons ban

FDA announces its first OK of fruit-flavored e-cigarettes for adults in major shift under Trump

Spirit Airlines has stopped flying. Here’s what happens next

Meta plans advanced ‘agentic’ AI assistant for users, FT reports

HSBC shares slump 6% on surprise $400 million hit linked to MFS collapse

AirAsia, Airbus set to announce 150-jet order for A220 on Wednesday, sources say

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