United States · Business
Same event, multiple sources, transparently cited.
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Uber questions rapid AI spending after using full 2026 AI budget in four months
Uber exhausted its entire 2026 AI coding tools budget by early May and is reassessing AI costs amid unclear returns, executives said.
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US stocks hit record highs on US-Iran ceasefire hopes and tech sector strength
US stock indexes set multiple closing records from May 26-29, fueled by US-Iran peace hopes, AI gains, and strong earnings.
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American Airlines to install Starlink Wi-Fi on 500+ Airbus planes starting Q1 2027
American Airlines will equip more than 500 narrow-body Airbus aircraft with SpaceX Starlink Wi-Fi starting in early 2027.
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Micron and SK Hynix Join $1 Trillion Market Value Club on AI Chip Demand
Micron reached $1 trillion market value May 26, and SK Hynix followed May 27 driven by AI memory chip demand.
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Chemical Tank Implosion at Washington Paper Mill Kills 11 Workers
A chemical tank imploded on May 26 at a Longview, Washington paper mill, killing 11 workers and injuring at least 10 others.
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BP removes chairman Albert Manifold over governance and conduct concerns
BP fired Chairman Albert Manifold after eight months citing serious governance and conduct issues; interim chair Ian Tyler appointed immediately.
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Ferrari unveils Luce, its first fully electric car, to mixed reactions and share drop
Ferrari revealed its electric Luce, a four-door luxury sedan, causing criticism and a 6-8% share price drop on May 25–26.
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Kakao sells 6.55% stake in Dunamu to Hana Bank for $670 million
Kakao Investment is selling a 6.55% stake in Dunamu to Hana Bank for about $670 million, reducing its holding to 4.03%.
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Toyota to invest $2 billion in new Texas vehicle assembly plant opening in 2030
Toyota Motor announced plans to build a $2 billion vehicle assembly plant in Bexar County, Texas, aiming to open by 2030 and create 2,000 jobs.
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Fed Governor Michael Barr opposes shrinking Fed balance sheet via liquidity rule cuts
Federal Reserve Governor Michael Barr said lowering liquidity rules to shrink the Fed's balance sheet would harm bank resilience and financial stability.
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World Bank Chief Economist Indermit Gill to retire at end of August 2026
Indermit Gill, World Bank chief economist, will retire on August 31, 2026, with succession recruitment set to begin soon.
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Senate Banking Committee approves Clarity Act to regulate cryptocurrency industry
The Senate Banking Committee voted 15-9 to approve the Clarity Act, setting new rules for cryptocurrency regulation in the US.
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Boston Consulting Group trains AI agent to improve sales by analyzing best and worst behaviors
Boston Consulting Group developed an AI agent named Jamie to coach sales staff using data from top and weakest sales performances.
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Oil prices fall over 5% on May 25 amid US-Iran peace talks and Strait of Hormuz reopening hopes
Oil prices dropped sharply and Asian stocks rose on May 25 as the US and Iran neared a deal to reopen the Strait of Hormuz, a key oil shipping route.
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US and Iran agree to extend ceasefire 60 days, pending Trump approval
The US and Iran have reached a tentative deal to extend their ceasefire by 60 days and aim to end their three-month conflict, with final approval needed from President Trump.
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US SEC delays plan for crypto trading of tokenized US stocks amid market concerns
The US SEC postponed its innovation exemption allowing crypto trading of tokenized US stocks following pressure from traditional exchanges and ongoing regulatory review.
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Versant Media Group posts 1% revenue decline in Q1 2026 with gains in digital and licensing
Versant Media Group reported $1.69 billion revenue and $286 million net income in Q1 2026, with digital and licensing growth offsetting pay TV declines.
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Burberry’s Cotswolds handbag line drives profits and sales growth, attracting US buyers
Burberry’s launch of the Cotswolds handbag line has boosted profits and sales, especially in North America, as CEO Joshua Schulman highlights value for money.
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Sapporo Halts Pokka Beverage Exports to Middle East Amid Iran Tensions
Sapporo Holdings suspended exports of its Pokka beverages to the Middle East over rising Iran tensions and cost concerns, reporting a first-quarter loss.
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UK political crisis fuels bond-market volatility, worries overseas gilt investors
The UK’s political turmoil has rattled overseas investors holding about a third of government gilts, triggering bond-market volatility.
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US expects China to buy double-digit billions in farm goods after Trump-Xi talks
The US expects China to purchase double-digit billions in agricultural products following the Trump-Xi summit in May 2026.
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Burberry posts 2% Q4 sales growth but warns of economic uncertainty
Burberry reported stronger-than-expected Q4 sales but issued a cautious outlook due to geopolitical risks affecting shopper confidence.
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India weighs cutting taxes on foreign investors in government bonds to support rupee
India's Finance Ministry is considering lowering taxes on foreign bond investors following Reserve Bank of India's recommendation.
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Major US retailers launch early Memorial Day mattress and home goods sales
Sealy, Amazon, Wayfair and others begin early Memorial Day sales with discounts on mattresses, furniture, and home products today.