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Cris Tolomia

Cris Tolomia

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Taco Bell is putting chicken on the Mexican Pizza in its latest menu push

The Cantina Chicken Mexican Pizza goes on sale May 21 for $6.49, with early access for Rewards Members starting May 19

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Cris tolomia

Bill Gates-backed Fervo Energy stock surges 35% on Nasdaq debut after raising $1.89 billion in upsized IPO

The geothermal startup's market valuation surpassed $10 billion after it raised $1.89 billion, pricing above its marketed range

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Cris tolomia

Allegiant Air buys Sun Country in a $1.5 billion deal, creating a larger budget airline to fill the space Spirit left behind

The combined carrier will operate 195 aircraft across almost 175 cities, with both brands continuing to run separately in the near term

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Even more popular snack brands get added to the salmonella-linked powdered milk recall list

Products from Zapp's, Fisher, Good & Gather, Ghirardelli, and others are now tied to recalled dry milk from California Dairies

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NV Energy is cutting power to 49,000 Lake Tahoe residents to make room for AI data centers

The Nevada utility will stop supplying electricity to the region after May 2027, leaving Liberty Utilities scrambling to find a replacement source

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Cisco posted record revenue on surging AI orders — and is cutting nearly 4,000 jobs

The networking giant raised its full-year AI infrastructure order forecast to $9 billion as it shifts investment toward silicon, optics, and security

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Stocks eye a third record this week as the Trump-Xi summit opens

Cisco stock jumped on strong earnings and job cuts, while chip maker Cerebras Systems made its market debut with a $5.55 billion IPO

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U.S. reportedly approves 10 Chinese companies to purchase H200 AI chips from Nvidia

Alibaba, Tencent, ByteDance, and JD.com are among the approved buyers, but Beijing's hesitation has stalled every transaction

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Cerebras prices its IPO above range, raising $5.55 billion on AI chip frenzy

The AI chipmaker sold 30 million shares above its already-elevated marketed range, drawing orders for more than 20 times available supply

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Honda posted its first annual loss in nearly 70 years as EV writedowns swamped its bottom line

The Japanese automaker booked a ¥414.3 billion operating loss and scrapped its long-term EV sales targets as it restructures its electric vehicle...

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Anthropic is bringing its AI into small business tools like QuickBooks and PayPal

The AI company says small businesses account for 44% of U.S. GDP but have lagged behind larger enterprises in AI adoption

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Sam Altman told the court Elon Musk sought total control of OpenAI from the start

Altman spent about four hours on the stand, saying Musk abandoned the company rather than having his charity stolen from him

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A space startup is teaming with a pharma company to manufacture lung disease drugs in orbit

The companies plan to process small molecule medicines aboard Varda's orbital platform to study whether microgravity produces improved drug...

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U.S. wholesale prices surged on an annual basis in March but came in well below forecasts

The producer price index rose 1.4% for the month, far above forecasts, as energy costs drove goods prices higher

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Nebius's revenue surged nearly sevenfold — and it's building an AI factory in Pennsylvania

The AI cloud company posted $399 million in first-quarter revenue, up 684% from a year ago, and secured land and power for a new U.S. site

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A judge is making Elon Musk and the SEC defend their Twitter settlement in court today

U.S. District Judge Sparkle Sooknanan must weigh fairness, public interest, and possible collusion before approving the deal

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SAP is embedding NVIDIA's security runtime into its AI platform for enterprise agents

The open-source runtime provides isolated execution environments and policy enforcement for agents built in Joule Studio

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SoftBank's Vision Fund surged $46 billion last year, almost entirely on its OpenAI bet

Almost all of the Vision Fund's annual investment gain came from rising valuations on SoftBank's stake in OpenAI

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Wendy's is offering free limited-edition merch drops to loyalty members for 4 weeks

Members can claim 1 free item per week — including a Canon camera — every Wednesday through June 3

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Alibaba's profit nearly vanished but cloud revenue surged on AI demand

The Chinese tech giant posted adjusted net income of just $12 million in the March quarter, while cloud revenue rose 38% on AI demand

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Jensen Huang is joining Trump's China trip after a last-minute personal call from the president

Huang boarded Air Force One in Alaska after Trump called him following media reports the chip executive had not been invited

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Walmart is slashing about 1,000 corporate technology jobs in an AI consolidation push

The retail giant is eliminating or relocating roles after combining its global technology platforms across Walmart, Sam's Club, and international...

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Nasdaq and S&P futures looking up thanks to Nvidia stock after CEO joins China trip

Nasdaq 100 futures climbed 0.8% in premarket trading as investors welcomed news of Huang's last-minute addition to the presidential trip

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Millions of student loan borrowers fell into default in early 2026, New York Fed finds

The defaults were concentrated among older borrowers, those in Southern states, and people not behind on loans before the pandemic

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U.S. has cleared $35.5 billion in illegal tariff refunds for importers

CBP has validated almost 87,000 refund declarations covering more than 8 million import entries since its portal launched in April

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Google is in talks with SpaceX to launch AI data centers into orbit

A launch deal would make the two companies partners as they prepare to compete on orbital data centers, an unproven technology SpaceX is pitching to...

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Alphabet's Isomorphic Labs raised $2.1 billion to push AI-designed drugs toward clinical trials

The Alphabet spinout plans to use the capital to expand its drug pipeline and push candidates toward clinical trials by the end of 2026

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Senate confirmed Kevin Warsh as a Fed governor, setting up a separate chair vote

The chamber voted 51-45 to place Warsh on the Fed's Board of Governors, with a separate confirmation vote for chair expected later this week

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Anthropic's Mythos AI is sending U.S. banks rushing to patch thousands of security holes

Large lenders with access to the model are finding hundreds to thousands of weaknesses in their systems and sharing findings with smaller banks

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Europe is selling spyware to authoritarian regimes, watchdog warn

A Human Rights Watch report found Bulgaria and Poland among E.U. states that exported surveillance tools to governments with abuse records

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Canvas owner struck a deal with hackers who breached its education platform twice

The company received digital confirmation that stolen data covering 275 million people was destroyed, though it acknowledged no certainty hackers kept...

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Crumbl's founders are stepping down as the dessert chain searches for outside leadership

Jason McGowan and Sawyer Hemsley will leave their day-to-day roles at the cookie chain they founded in 2017

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Bristol Myers Squibb is striking a $15 billion drug licensing deal with China's Hengrui Pharma

The agreement covers 13 early-stage programs in oncology, hematology, and immunology, with $600 million due upfront

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PepsiCo's Bubly is bringing back its fan-favorite ice pop sparkling water nationwide

The seasonal flavor, previously a Target exclusive, will be sold at all Bubly retailers starting May 17 in new patriotic packaging

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Byron Allen is taking over BuzzFeed in a $120 million deal — and becoming its CEO

Allen Family Digital will acquire 52% of the digital media company, with BuzzFeed founder Jonah Peretti stepping down as CEO

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Starbucks launches a new tropical drink and horchata beverages for summer

The Tropical Butterfly Refresher features guava, passionfruit, and mango-pineapple pearls, while horchata drinks return for a limited time

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Redwood Materials is bringing on a former Tesla CFO as its finance chief

Deepak Ahuja, who guided Tesla through its 2010 IPO, joins the battery recycling and energy storage company after more than a year without a CFO

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Sam Altman set to take the stand in Elon Musk's lawsuit against OpenAI

At the heart of the case is Musk's claim that he was induced to give $38 million to OpenAI on the premise that it would serve a charitable mission

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Oil prices are holding above $100 as the U.S.-Iran ceasefire teeters

President Trump called the ceasefire "on massive life support" after rejecting Iran's latest peace proposal, pushing Brent crude above $107

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U.S. inflation surged to its highest level in more than two years in April

Energy costs, driven by the Iran war, accounted for more than 40% of the monthly increase in consumer prices

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eBay rejects GameStop's takeover bid, calling it 'neither credible nor attractive'

eBay's board cited financing uncertainty, operational risks, and concerns about GameStop's governance in turning down the unsolicited offer

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The U.S. quietly deleted a page announcing AI security testing deals with Google, Microsoft, and xAI

The page, posted May 5, outlined a pre-deployment review program for frontier AI models; the link now redirects to a government testing body's...

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Amazon is pulling high-speed e-bike listings in California after a string of fatal crashes

State law caps pedal-assisted e-bikes at 28 mph, but Amazon had been selling models advertised at speeds above 40 mph

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Nelson Peltz's Trian is seeking outside investors to fund a Wendy's buyout

The activist investor firm, which already holds about 16% of Wendy's, has held talks with potential backers including investors in the Middle East

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Waymo is recalling nearly 3,800 robotaxis over a software flaw that could steer them into floods

The recall follows an April incident in San Antonio where an unoccupied Waymo vehicle drove into a flooded lane during extreme weather

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Starbucks is slashing 61 technology jobs at its Seattle headquarters

The cuts affect cybersecurity analysts, technical product managers, systems administrators, and other roles as the company reorganizes its tech...

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Stock markets slip ahead of April CPI release

Economists expect consumer prices rose 3.7% year-over-year in April, up from 3.3% in March, as oil prices climb above $100 a barrel

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Hims & Hers swung to a loss as it pivoted away from cheaper weight loss drugs

The telehealth company posted a net loss of $92 million in the first quarter as its shift away from compounded weight loss drugs drove up costs

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Amazon is bringing 30-minute delivery to dozens of U.S. cities in its biggest quick-commerce push yet

Prime members pay $3.99 per order for the service, called Amazon Now, which is already live in Atlanta, Dallas–Fort Worth, Philadelphia, and Seattle

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Trump says Iran ceasefire is 'on life support' after dismissing Tehran's counteroffer as 'garbage'

Trump dismissed Iran's response to a U.S. war-ending proposal as "garbage," while oil prices rose above $104 a barrel

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