Famous Apple designer Sir Jony Ive joins OpenAI
OpenAI is moving into hardware, in a threat to giants such as Sir Jony's former firm.
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Lowe’s beats sales estimates, plans to stay ‘price competitive’
Home improvement retailer Lowe’s posted a smaller-than-expected drop in first-quarter sales on Wednesday and said it plans to keep its pricing competitive, without ruling out the possibility of price hikes on some items due to tariffs. In a conference call on Wednesday, CEO
Famed iPhone designer and ex-Apple exec Jony Ive joins OpenAI in $6.5B deal for AI devices startup
Sam Altman’s OpenAI has acquired famed ex-Apple executive Jony Ive’s hardware firm in an all-stock deal valued at nearly $6.5 billion as it looks to make its own AI-powered devices, the company announced on Wednesday.
Big box v brands: the battle for consumers’ dollars
American retailers are slugging it out with their suppliers
Ex-Kohl’s CEO kept affair with live-in-lover a secret for years — and raised eyebrows promoting her coffee: report
Kohl’s canned Ashley Buchanan on May 1 after just four months on the job for steering business deals to his secret lover.
Apple's famed design leader Jony Ive is coming to OpenAI
OpenAI is acquiring io, a hardware startup co-founded by Apple ( AAPL ) design legend Jony Ive, in a deal valued at approximately $6.5 billion, the company announced Wednesday. Read more...
Amazon investors again reject all shareholder proposals on climate change
Amazon.com investors at its annual meeting again rejected all outside shareholder resolutions, including three meant to address the online retail giant’s impact on climate change. Voters approved the reelection of 12 directors and proposed executive compensation. Shareholders
US stocks drop as Trump’s ‘big, beautiful’ tax bill faces rare overnight hearing
The S&P 500 slipped in volatile trading and Treasury yields rose on Wednesday as President Trump’s proposed tax-cut law faced a rare overnight hearing aimed at influencing Republican holdouts opposed to the bill’s passage. The House Rules Committee scheduled an unusual 1 a.m.
Bitcoin hits record as stocks, bonds retreat amid market uncertainty
The flagship cryptocurrency surged to $109,422 before easing slightly to $109,176, according to CoinDesk.
An Armenian crime ring stole $83 million worth of Amazon cargo, DOJ says
Competing members of Armenian-American organized crime groups have been charged with attempted murder, kidnapping, fraud, and more than $83 million in theft from Amazon ( AMZN ). Thirteen alleged members were arrested in California and Florida on Tuesday, including Ara Artuni
Report that UnitedHealth secretly paid nursing homes to cut hospital transfers sees stock plunge
Shares fell more than 4% after the UK's Guardian newspaper reported that UnitedHealth made secret payments to nursing homes to reduce hospital transfers.
Gordon Lyons calls for return of universal winter fuel payment
Lyons welcomed the government's realisation that an "error" was made.
Welcome to the AI trough of disillusionment
Tech giants are spending big, but many other companies are growing frustrated
5 hot Memorial Day travel destinations, according to Kayak — and 5 quickly getting cheaper
Memorial Day is almost here and AAA reports a record number of Americans have plans for domestic travel. Read more...
Elon Musk rips Bill Gates over Epstein ties: ‘I wouldn’t trust that guy to baby-sit my kids’
The Tesla founder nodded to Bill Gates’ controversial history with the disgraced financier and convicted sex offender.
Boeing gets a break as 737 production speeds up and safety improves
In the first five months of 2025, Boeing ( BA ) is bouncing back from a truly miserable 2024 that included the resignation of CEO David Calhoun and a $11.8 billion loss . Read more...
Target sales hit as Trump tariffs take effect
The US chain reports a sharp fall in sales which it blames on a "highly challenging environment".
Boeing finally speeds up pace of 737 MAX production following last year’s mid-air panel blowout
Boeing expects to stabilize 737 MAX production at 38 airplanes a month over the next couple of months, its Commercial Airplanes Vice President of Quality Doug Ackerman told reporters on Tuesday. The U.S. Federal Aviation Administration capped output at 38 airplanes a month
Bitcoin just hit a new record after a long crypto slump
Bitcoin rose to a new record high on Wednesday, surpassing the previous high it hit earlier this year. Read more...
Nvidia boss calls US chip policy a 'failure'
His comments come as the White House says it will overhaul rules restricting sales of advanced chips.
Microsoft backs ‘Fortnite’ maker Epic Games in legal feud, claims Apple ‘stymied’ plans for Xbox mobile store
Microsoft has backed “Fortnite” video game maker Epic Games in its legal battle with Apple – alleging in a new court filing that the Tim Cook-led tech giant has “stymied” its own efforts to create an Xbox mobile store.
UnitedHealth takes another hit after a report that it paid off nursing homes
Someone might want to check UnitedHealth’s ( UNH ) vitals. The U.S.’s largest health insurer is taking hits from all sides — its stock is sliding, the Department of Justice is circling, and an investigation just accused it of secretly paying nursing homes to keep patients from
JPMorgan Chase is getting into the business of geopolitics
JPMorgan Chase & Co ( JPM ) will now offer its clients advice on geopolitical risk. Read more...
America's air traffic control system is 'wildly out of date' and 'failing,' airline CEOs tell Congress
Airlines CEOs sent a joint letter to Congress on Wednesday saying the current air traffic control system is “wildly out of date” and “failing Americans.” Read more...
No money left at the end of the month and smaller food shops: How inflation rise affects you
Inflation has risen by more than expected on higher water, energy and food bills grew - how are ordinary people making their income stretch?
Target slashes outlook after tariffs, DEI boycotts slam sales: ‘We’re not satisfied with these results’
The Minneapolis-based retailer now expects net sales to fall by a low single-digit percentage, abandoning earlier hopes for a modest increase.
Elon Musk fires back at Bill Gates over claim that DOGE cuts are 'killing' poor children
Elon Musk has hit back at Bill Gates’s claim that his cuts to the U.S. foreign aid budget will kill millions of children. Read more...
Elon Musk gushes over Optimus robot as Tesla shows off its ability to learn from humans
Elon Musk thinks Tesla’s ( TSLA ) Optimus robot will be the “biggest product of all time” now that it can learn new tasks from human instruction. Read more...
Nvidia CEO calls Biden's AI chip curbs on China 'a failure' and praises Trump's changes
U.S. efforts to curtail China’s access to advanced artificial intelligence chips have backfired, Nvidia ( NVDA ) CEO Jensen Huang said Wednesday, adding that the Biden administration’s export restrictions didn’t slow China’s AI ambitions — they accelerated them. Read more...
Google's Gemini AI is coming to Volvo cars
Google ( GOOGL ) is bringing its Gemini AI to Volvo cars. Google parent Alphabet and the Swedish carmaker, two companies that have collaborated for decades, announced a new partnership Wednesday to use Volvo’s vehicles as the lead development partner for the tech giant’s AI
How much is the winter fuel payment and who can still get it?
A government decision to limit the payment have been criticised by some MPs, unions and charities.
Baidu's AI cloud soars — but the risks are stacking up
China’s biggest AI player, Baidu ( BIDU ), beat expectations with a surge in cloud revenue, but its ad business is shrinking, it’s slashing AI prices to stay ahead of local rivals, and fresh U.S. chip export issues could cut its momentum short. Read more...
Inflation surprise suggests the outlook could be gloomier than we thought
Bills, food prices, and service costs are all rising - but there is some good news
Lowe's beats Wall Street on earnings, even as the housing market chills
If Home Depot ( HD ) raised eyebrows with its muted earnings Tuesday, Lowe’s confirmed the trend Wednesday. The slowdown in home sales is wrecking demand from the very top of the funnel, all the way down to retail chains. Read more...
National parking platform seeks to end 'hassle' of multiple parking apps
The frustration of having to download multiple apps to pay for parking may go if a new platform is widely adopted.
Target just sent up a giant red flag about the U.S. consumer
High-income U.S. consumers are pulling back. Mortgage applications are down , Walmart ( WMT ) is reporting grocery gains from monied households suddenly keen for deals on eggs and bananas. And now Target joins a growing list of beloved brands waving the red flag that a
Trump’s ‘big, beautiful bill’ could force NY businesses to shell out billions more in taxes — here’s why
Tucked away in Trump's 1,100-page "big, beautiful bill" for federal tax cuts is a one-sentence proposal to curtail workarounds to the SALT cap that took the form of pass-through entity taxes, known as PTET.
Republicans want tax cuts to save the economy from Trump's tariffs. Not so fast, experts say
House Republicans are rushing to get a sweeping domestic policy bill over the finish line within days, as uncertainty over President Donald Trump’son-and-off approach to tariffs continues to hang over the economy. Read more...
8 countries where Trump has been making new business deals, from Pakistan to Vietnam
Businesses spearheaded by President Donald Trump have struck numerous deals since Trump returned to the White House in January. Read more...
M&S cyber-attack disruption to last until July and cost £300m
Customers have been unable to order online for almost a month due to the cyber-attack.
Bills push inflation to highest in more than a year
Prices have risen faster than expected - raising questions about how many interest rate cuts there will be this year
Toddler group parents struggle as costs rise
Parents at Musical Bugs in Newport say they are struggling to make ends meet at the end of a month.
Thames Water halts bosses' bonus scheme
The company pauses its "retention scheme", which pays out cash to top executives linked to its rescue loan.
Trump admin drops Biden-era Southwest Airlines lawsuit over delays
The Trump administration dropped a lawsuit against Southwest Airlines over its allegedly chronic flight delays.
Retail hackers believed to be young and from US and UK, detectives say
The National Crime Agency tells the BBC how it is trying to find the culprits of the M&S and Co-op hacks.
Did Trump really strike Gulf deals worth $2tn?
Some analysts question whether the amount of investment will ultimately be that high.
Oaktree Capital investing $250M in parallel-economy credit card Coign
"More and more people are recognizing how well conservative movies and media are doing … that extends to our industry," Coign CEO Rob Collins told NYNext.
