Breaking 10:17 Oil surge rattles markets as inflation fears intensify 10:12 Texas carries out its 600th execution since 1982 08:40 United States eases World Cup 2026 visa rules for supporters 08:23 World Cup 2026 halftime show to feature Shakira, Madonna and BTS in New York final 07:37 Amazon cancels Lord of the Rings MMO after years of setbacks 07:18 NOAA raises El Niño odds as forecasters warn of extreme event 07:15 Xi Jinping gives Donald Trump rare visit to historic Zhongnanhai compound in Beijing 16:18 Iran authorizes limited Strait of Hormuz transit as tensions persist 16:00 AMD and Arm gain server CPU share as Intel slips 15:39 Mediterranean navigation season disrupted by weather and fuel crisis 15:20 Ingredion explores $3.7 billion takeover of Tate & Lyle 15:19 Asteroid 2026 JH2 passes closer than satellites near Earth flyby 14:18 Iran says Hormuz Strait remains open under naval coordination rules 13:59 Iran presses BRICS to condemn US and Israeli military campaign 13:36 Anthropic says Claude now writes most of the company’s code 13:20 Trump and Xi open Beijing summit with new trade council talks 13:19 OpenAI and Anthropic escalate rivalry with free coding AI offers 11:45 Meta and Google fund US children’s groups amid rising concerns over social media risks 11:30 Cisco shares surge on strong revenue outlook and AI-driven restructuring 11:22 Donald Trump describes talks with Xi Jinping as “extremely positive and productive” 11:20 Oil holds above 100 dollars as Trump Xi talks begin in Beijing 11:06 Cerebras set for stock market debut amid global ai investment boom 10:58 Iran says control of Strait of Hormuz could double oil revenue

Iran threatens UAE will "pay the price" after explosions rock Qeshm island

Explosions struck the Iranian island of Qeshm and the port city of Bandar Abbas overnight on Thursday, prompting state-aligned Iranian media to accuse the United Arab Emirates of conducting a hostile act and to warn that Abu Dhabi would face consequences if its involvement were confirmed. The incident added a volatile new dimension to an already......

US investigates alleged smuggling of Nvidia AI Chips through Thailand

U.S. authorities are reportedly investigating a suspected network that may have facilitated the transfer of advanced artificial intelligence chips from Southeast Asia to China, raising new concerns over technology export controls and global semiconductor trade. According to reports, investigators suspect that servers containing high-performance......

Trump sets July 4 deadline for EU to ratify trade deal or face higher tariffs

President Donald Trump issued a new ultimatum to the European Union on Thursday, demanding that the bloc ratify the trade framework reached last summer by July 4, the 250th anniversary of American independence, or face an increase in tariffs. The announcement came a day after a phone call with European Commission President Ursula von der Leyen......

Microsoft scales back Copilot as the company retreats from its AI-everywhere strategy

Microsoft is pulling back from its aggressive push to embed artificial intelligence across every corner of its product ecosystem, with the executive now leading Copilot publicly endorsing the removal of the feature wherever it has failed to deliver value. The reversal marks a significant shift for a company that spent nearly two years placing......

Rave files antitrust lawsuit against Apple over App Store removal

Software company Rave has filed an antitrust lawsuit against Apple Inc, accusing the technology giant of removing its video-sharing application from the App Store after launching a competing feature. The case, filed in a U.S. federal court in New Jersey, alleges that Apple engaged in anti-competitive practices by eliminating Rave’s......

BlackRock reduces private credit fund valuation by 5% in first quarter

Global asset manager BlackRock reported a decline in the valuation of its private credit portfolio, the BlackRock TCP Capital Corp, during the first quarter of 2026, reflecting ongoing pressures in parts of the credit market. According to its latest financial disclosure, the fund’s net asset value (NAV) per share fell by approximately......

Nvidia's Jensen Huang calls AI job loss warnings ridiculous and attacks rivals' God complex

Nvidia chief executive Jensen Huang used a series of high-profile appearances this week to push back forcefully against predictions that artificial intelligence will trigger mass unemployment, dismissing such forecasts as ridiculous and accusing some of his fellow technology executives of developing a God complex. His remarks, delivered at......

United States sanctions Iraqi oil official and militias over alleged Iran ties

The United States has imposed new sanctions targeting senior Iraqi officials and militia leaders over alleged support for Iran, in a move highlighting ongoing tensions in the Middle East energy and security landscape. The U.S. Department of the Treasury announced measures against Iraq’s deputy oil minister and several individuals linked......

European climate model puts odds of a super El Niño by November at 100 percent

Meteorologists are issuing increasingly urgent warnings as the latest long-range forecasting models point to the possible formation later this year of a potentially record-breaking El Niño event, with some projections suggesting it could rank among the most intense in more than a century. The European Centre for Medium-Range Weather......

Whirlpool shares plunge after weak revenue and dividend suspension

Shares of Whirlpool Corporation fell sharply on Thursday, reaching their lowest level in more than 14 years, after the company reported weaker-than-expected first-quarter revenue and announced the suspension of its dividend. The decline reflects growing pressure on consumer-facing industries as households reduce spending in response to persistent......

Rubio visits Rome to ease Trump's rift with the Vatican and Italy

U.S. Secretary of State Marco Rubio arrived in Rome on Thursday for a diplomatic mission aimed at defusing weeks of escalating tension between the Trump administration, the Vatican, and the Italian government. Rubio met with Pope Leo XIV at the Apostolic Palace on the morning of May 7, with separate meetings scheduled the following day with......

Trump and Lula meet at White House to address tariffs, minerals and security ties

U.S. President Donald Trump hosted Brazilian President Luiz Inácio Lula da Silva at the White House on Thursday for a working summit covering trade tariffs, critical minerals access and cooperation against organized crime. The meeting marked the first bilateral face-to-face on American soil since Trump's return to power and represented......

Blackstone marks down private credit fund amid software sector concerns

Asset management giant Blackstone announced a decline in the value of its private credit vehicle, the Blackstone Secured Lending Fund, during the first quarter of 2026. The adjustment reflects growing caution among investors regarding companies operating in the software industry, particularly as artificial intelligence continues to reshape......

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