News

Consumers are cutting back on spending as the economic outlook worsens, according to Synchrony Financial, the largest provider of private-label credit cards in the U.S. This trend is being driven by a combination of factors, including inflation, rising interest rates, and concerns about the future of the economy.

Boeing faces a criminal fraud trial in June for its alleged misrepresentation of flight control systems on the 737 MAX, which contributed to two fatal crashes and 346 deaths. The trial follows the rejection of a plea deal and could result in significant legal and financial consequences for the aerospace giant.

Jim Cramer warned against reducing U.S. computational capabilities for AI, emphasizing its critical role in maintaining a lead in robotics and self-driving technology. He challenged Joe Tsai's notion of a data center bubble, highlighting the continued need for infrastructure investment to support the race towards artificial general intelligence.

Tesla plans to launch a robotaxi service in Austin, Texas, this June, despite skepticism from industry experts who question the safety and readiness of the technology. The company faces challenges in terms of regulatory approvals, competition, and the need for hardware upgrades to achieve full autonomy.

Perplexity, a rising AI search engine backed by Amazon and Nvidia, is challenging Google's dominance by introducing native transactions and structured responses for specific verticals, aiming to compete for the lucrative AdWords revenue. This development comes as Alphabet reports that its AI-powered search features are generating revenue at similar rates to traditional search results, highlighting the growing competition in the AI search mark...