Tech CEOs called to capitol hill for major senate hearing

Leading executives from major technology companies have been invited to appear before the United States Senate for a new oversight hearing focused on the influence and responsibilities of digital platforms. According to congressional sources, the hearing scheduled for June will include the participation of Mark Zuckerberg from Meta, Sundar......

Microsoft cancels Claude Code licenses and shifts developers to Copilot CLI

Microsoft has begun cancelling licenses for Claude Code across parts of its engineering organization and is directing developers toward GitHub Copilot CLI. The move affects teams within its Experiences and Devices division, which includes major products such as Windows, Microsoft 365, Outlook, Teams, and Surface. The decision marks a rapid......

Starbucks cuts corporate jobs and restructures regional offices in the United States

Starbucks has announced the elimination of approximately 300 corporate positions in the United States as part of a broader restructuring plan aimed at improving operational efficiency and restoring long-term profitability. The company confirmed that several regional support offices across the country will be consolidated or closed, including......

German Chancellor Merz questions opportunities in the United States

German Chancellor Friedrich Merz sparked international debate after stating that he would currently discourage his children from living or studying in the United States, citing concerns about the country’s evolving social environment and limited opportunities for young graduates. Speaking during a public event in Würzburg, the......

Gold hits one week low as oil inflation fears weigh on metals

Gold prices fell to a one-week low on Friday, extending a multi-session decline as rising oil prices and inflation concerns strengthened the US dollar and weighed on precious metals. The move marked a fourth consecutive losing session for gold, reflecting growing pressure from higher US Treasury yields and shifting expectations around future......

Private credit funds face pressure amid market uncertainty

Private credit funds are facing growing pressure as investors become increasingly concerned about credit quality, market volatility, and the impact of artificial intelligence on several industries. Recent financial filings from major business development companies (BDCs) revealed that many lenders have reduced the estimated value of their......

Figure AI robots exceed 24 hours of warehouse operation test

A fleet of humanoid robots developed by Figure AI has sustained continuous warehouse sorting operations for more than 24 hours, marking a major milestone in autonomous industrial robotics. The demonstration began as a planned eight hour live test on 13 May and evolved into an open ended endurance run after the system completed its initial......

Ackman’s Pershing Square takes new stake in Microsoft, citing attractive valuation

Hedge fund manager Bill Ackman has announced that his firm Pershing Square Capital Management is taking a new investment position in Microsoft, describing the tech giant’s valuation as “highly compelling.” The disclosure was made ahead of a formal announcement by the fund, with Ackman stating that Microsoft has become a......

A viral video claiming Michael Jackson was spotted on a bus in Brazil is fake

A short clip circulating online in mid May 2026 shows an elderly man sitting on a crowded public bus in Brazil who strikingly resembles Michael Jackson, sparking renewed speculation that the King of Pop may still be alive. The footage quickly spread across social media platforms, with some users sharing screenshots of the man’s face......

UAE accelerates pipeline project to bypass Strait of Hormuz

The United Arab Emirates has moved to speed up construction of a major east-west oil pipeline designed to significantly increase crude export capacity through the port of Fujairah and reduce reliance on the Strait of Hormuz. The decision comes as regional maritime routes face sustained disruption linked to heightened geopolitical tensions......

Oil surge rattles markets as inflation fears intensify

Global equity markets fell on Friday as a sharp rise in oil prices and higher bond yields reignited concerns that central banks may be forced to tighten monetary policy again. Investors reversed recent optimism over potential interest rate cuts, shifting toward expectations of prolonged monetary pressure across major economies. The move reflected......

Texas carries out its 600th execution since 1982

The state of Texas has carried out its 600th execution since the reinstatement of the death penalty in 1982, marking another milestone in the United States’ most active capital punishment system. Edward Lee Busby Jr. was pronounced dead after a lethal injection for the 2004 murder of 77-year-old retired university professor Laura Lee......

United States eases World Cup 2026 visa rules for supporters

The United States has announced a targeted easing of visa requirements for the 2026 World Cup, removing a financial guarantee previously required from supporters of selected countries. Fans holding valid match tickets will no longer need to deposit a 15,000 dollar bond, a measure that had been part of a pilot program designed to strengthen......

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