1a·1o·spread 0.00·25 min agobusiness·via CNBC25 min agowatch nowAtlassian shares jumped more than 29% on Friday after the software company topped Wall Street's expectations for the fiscal third quarter, reporting strong cloud growth and data center revenue. Here's how the company did compared with LSEG estimates: Earnings per share: $1.75 adjusted vs. $1.32 expectedRevenue: $1.79 billion vs. $1.69 billion expectedAtlassian's stock has been among the hardest hit by the "SaaS-pocalypse" this year, with shares down more than 45% year to date. The phrase refers to the sell-off in technology stocks following the release of software built on top of artificial intelligence models from companies like OpenAI and Anthropic. Software executives have responded by saying core business metrics have not deteriorated.In March, Atlassian laid off about 10% of its workforce, or roughly 1,600 jobs, saying the move would allow it to "self-fund further investment in AI and enterprise sales, while strengthening our financial profile." Atlassian CEO Mike Cannon-Brookes told CNBC on Thursday that the company saw "incredible strength" in its business during the quarter and that the concerns plaguing the broader software sector may be overblown.Read more CNBC tech newsApple CEO Cook warns of extended memory crunch: 'We'll look at a range of options'Japan Airlines to trial humanoid
1a·1o·spread 0.00·26 min agobusiness·via CNBC26 min agoSpirit Airlines airplanes sit parked at Fort Lauderdale - Hollywood International Airport, in Fort Lauderdale, Florida, April 23, 2026.Marco Bello | ReutersSpirit Airlines has shut down.Before dawn Saturday, the carrier ceased operations after failing to secure an agreement with bondholders on an 11th-hour bailout from the Trump administration.That sealed the fate of the iconic U.S. budget airline known for its bright yellow planes, cheap fares and no-frills service and fees for everything else that had become a punchline though it had pioneered discount air travel in the U.S. and made flights more affordable for millions."We regret to inform you that all Spirit Airlines flights have been canceled, effective immediately," read a message when opening Spirit's app.Grasping for a chance at survival in its second bankruptcy filing since November 2024, Spirit's shuttering marks the end of the South Florida airline's yearslong struggle with a host of problems: a failed merger, shifting consumer tastes, surging competition and soaring costs — most recently for jet fuel.Spirit said 17,000 direct and indirect employees have lost their jobs.Time had been running out. The airline's lawyer, Marshall Huebner, told a bankruptcy court in New York on April 23 that Spirit's cash "is not going to last
2a·2o·spread 0.00·1 hr agobusiness·via Fortune1 hr agoApple Inc. raised the starting price of its Mac mini desktop to $799 from $599, adjusting to inventory shortages driven by AI demand and the tight supply of processors. The company is effectively increasing the price by removing the entry-level configuration, a model that includes an M4 processor and 256 gigabytes of storage. The computer now starts with that same chip and 512 gigabytes of space. The $1,399 starting price of the M4 Pro model hasn’t changed. The discontinuation of the $599 tier comes after that model sold out at most outlets. Other configurations still take weeks or months to arrive from Apple’s online store and have been in limited supply at the company’s retail stores. On Thursday, Apple Chief Executive Officer Tim Cook said the shortages were tied in part to the so-called SoC, or system on a chip, the processor that serves as the brains of the Mac mini. “The constraints were primarily driven by the availability of the advanced nodes our SoCs are produced on,” he said on an earnings call with analysts. The other factor is that consumers have been snapping up Mac minis and Mac Studios to run artificial intelligence, he said. “These are amazing
1a·1o·spread 0.00·21 hr agobusiness·via CBS News21 hr agoBy Megan Cerullo Reporter, MoneyWatch Megan Cerullo is a New York-based reporter for CBS MoneyWatch covering small business, workplace, health care, consumer spending and personal finance topics. She regularly appears on CBS News 24/7 to discuss her reporting. Read Full Bio Kris Van Cleave Kris Van Cleave Emmy Award-winning journalist Kris Van Cleave is the senior transportation correspondent for CBS News based in Phoenix, Arizona, where he also serves as a national correspondent reporting for all CBS News broadcasts and platforms. Read Full Bio Sarah Ploss Updated on: May 1, 2026 / 7:16 PM EDT / CBS News Add CBS News on Google A Spirit Airlines shutdown would ripple through commercial aviation, likely raising higher fares as the budget carrier exits the market, industry experts said. "Any time you have a reduction in capacity and demand increases, airfares have nowhere to go but up. And that doesn't count the fares that are already rising because of the spike in fuel prices," CBS News travel editor Peter Greenberg told CBS News Boston.With a $500 million federal bailout stalled, Spirit planned to shut down as early as Saturday morning without a last-minute intervention and Trump administration officials have been informed, CBS News
1a·1o·spread 0.00·1 hr agobusiness·via Fortune1 hr agoWalt Disney Co. senior executives are discussing how to unify the company’s disparate mobile apps and turn its streaming service into the first stop for all things Disney, a place where users can book park tickets, buy merchandise, play games and watch movies, according to people familiar with the matter. Disney’s new CEO, Josh D’Amaro, is attempting to break silos within the company and simplify how customers interact with its brand. The new app would marry Disney+ with mobile platforms such as the Disneyland Resort and Disney Cruise Line Navigator apps into what’s internally being described as a “super app,” said the people, who asked not to be named as the information is private. The conversations are at an early stage and no concrete steps have been taken toward developing the product, the people said. Still, the ambition has been at the center of internal presentation materials, and is indicative of the potential D’Amaro, sees in evolving the company’s direct-to-consumer business, the people said. A spokesperson for Disney declined to comment. The company has long flirted with the idea of creating a super app for all things Disney or even a membership program akin to Amazon.com Inc.’s Prime service. D’Amaro’s
1a·1o·spread 0.00·16 hr agobusiness·via CNBC16 hr agoGreg Abel, CEO of Berkshire Hathaway, meets with shareholders at the Berkshire Hathaway Annual Shareholders Meeting in Omaha, Nebraska, May 1, 2026.David A. Grogan | CNBCOMAHA, Nebraska — At the shareholder shopping day that kicks off Berkshire Hathaway's annual meeting, the mood in the air was cautiously optimistic as new and returning investors weighed the company's direction under a new chief executive.Shareholders in a noticeably thinner crowd Friday expressed skepticism that Greg Abel, who took over as CEO in January, will command the stage with the same storytelling and wit that Warren Buffett and Charlie Munger used to enrapture tens of thousands of attendees for decades. At the same time, they also expressed confidence in Buffett's pick to take over the conglomerate, as the billionaire investor has been effusive in his praise for Abel over the years."I spent a lot of time studying Greg," said Robert Hagstrom, chief investment officer at EquityCompass Investment Management. "I think he's not only the right guy — and he's been vetted for so many years by so many people — but he's the right guy at the right time."Hagstrom, who wrote on Buffett's investing principles in "The Warren Buffett Way," has said that Abel
1a·1o·spread 0.00·19 hr agobusiness·via USA Today19 hr agoMay 1, 2026, 5:11 p.m. ETThe company behind NEO, last year’s viral humanoid robot, says it’s ramping up production — aiming to build 100,000 units annually by the end of 2027.1x, the Palo Alto, California-based company that manufactures the robots, said the machines will be built at its Hayward factory about 27 miles from San Francisco, according to a news release on Thursday, April 30.The company launched NEO for $20,000 a pop in October. In five days, the company booked its entire production capacity for the year — 10,000 units.The first NEOs will be delivered to owners this year, 1x said, warning that the timeline might take longer than expected."Some of you will get your NEO this year, some will get them later," the company said. "We promised the first NEOs would ship in 2026, and we’re keeping that promise."By combining capabilities at its Hayward factory and San Carlos facility, set to open later this year, 1x expects to produce 10,000 NEOs per year. The company's release said "planned increases in automation" will expand production "toward 100,000+ units annually by the end of 2027."How will the robots get built?And who will be building those robots? In some cases, the company
1a·1o·spread 0.00·19 hr agobusiness·via USA Today19 hr agoUpdated May 1, 2026, 6:55 p.m. ETKylie Jenner is facing more legal trouble after another former employee filed a lawsuit against her alleging workplace misconduct.Juana Delgado Soto, who worked for six years as a housekeeper for the reality-TV star and beauty mogul, made her complaint in Los Angeles County Superior Court on Wednesday, April 29, according to court documents obtained by USA TODAY.The ex-staffer is accusing Jenner, 28, of various abuses during her employment, including wrongful termination, discrimination, harassment, retaliation, failure to pay wages and intentional infliction of emotional distress. Jenner's company, Kylie Jenner Inc., is also listed as a defendant in the case, along with other companies and associates affiliated with "The Kardashians" star."Our client alleges she was subjected to treatment that stripped her of dignity," Soto's attorney, Della Shaker, said in a statement to USA TODAY Thursday. "This lawsuit seeks to address the lasting emotional and physical harm she suffered as a result of her employment with Kylie Jenner and her affiliated team."USA TODAY has reached out to Jenner's representatives for comment.Soto's lawsuit comes after another former housekeeper of Jenner's, Angelica Hernandez Vasquez, filed a lawsuit on similar allegations of mistreatment. In the April 17 complaint, Vasquez said
1a·1o·spread 0.00·18 hr agobusiness·via CNBC18 hr agowatch nowExxon Mobil CEO Darren Woods warned Friday that the market has not absorbed the full impact of the unprecedented oil supply disruption triggered by the Iran war and the closure of the Strait of Hormuz. The disruption has been mitigated by the large number of loaded oil tankers that were in transit during the first month of the war, Woods told investors on Exxon's first-quarter earnings call. Strategic petroleum reserves have also been released and commercial inventories drawn down, the CEO said.One of these supply sources will become exhausted as the conflict goes on, Woods said. Oil prices will then increase as the strait remains closed, he said. "It's obvious to most that if you look at the unprecedented disruption in the world supply of oil and natural gas, the market hasn't seen the full impact of that yet," Woods said. "There's more to come if the strait remains closed," the CEO said. Oil futures trading has been volatile during the war. Prices have soared on the risk of escalation and then plunged on hopes for peace before repeating the cycle. U.S. crude oil fell more than 3% Friday to $101.38 per barrel, while international benchmark Brent was down
1a·1o·spread 0.00·20 hr agobusiness·via Newsweek20 hr agoChina's government has blocked Meta’s acquisition of a Chinese start-up’s artificial intelligence agent, demonstrating the lengths to which Beijing will go to keep its technology out of the U.S.'s hands. Manus created waves when it was released onto the market by its founders Xiao Hong and Ji Yichao last March. Unlike chatbots such as ChatGPT which require user prompts, Manus is supposed to function automatically to complete tasks with minimal human direction. It immediately attracted interest and within months had raised $75 million in a funding round led by a U.S. venture firm. It claimed to have gone from $0 to $100 million faster than any company. The company then shut its China offices, cut off most of its Chinese customers and moved headquarters and core staff to Singapore in July. Then six months later, the owner of Facebook and Instagram announced it was buying the firm for $2 billion. That's when Beijing's regulators jumped in. ...Beijing Pulls the Plug U.S. acquisitions of Chinese firms are rare. Silicon Valley has largely avoided buying Chinese start‑ups outright in recent years amid regulatory scrutiny, geopolitical tensions, and national security concerns. Those issues have come to the fore with the Meta-Manus purchase. When
1a·1o·spread 0.00·7 hr agobusiness·via CBS News7 hr agoMay 2, 2026 / 10:58 AM EDT / CBS/AP Add CBS News on Google Berkshire Hathaway shareholders gathered Saturday in Omaha, Nebraska for the first annual meeting without legendary founder Warren Buffett on the stage.In May 2025, Buffett announced he would step down at the end of the year and that his successor, 63-year-old Greg Abel, would become CEO. The move surprised many investors, as it was widely assumed that Abel would not take over until after Buffett's death. Abel officially became the CEO in January 2026. Attendance at the meeting is expected to be down somewhat this year.The conglomerate that Buffett built released its earnings report Saturday as thousands of shareholders streamed into the CHI Health Center on Saturday. The company's first-quarter profit more than doubled as the value of its investments grew and most of its businesses improved. Berkshire said it earned $10.1 billion, or $7,027 per Class A share. That's up significantly from last year's $4.6 billion, or $3,200 per A share.The paper value of Berkshire's investments always has a major impact on its bottom line even though it hasn't sold most of its stocks, but it did record a $5.8 billion gain on the stocks it
1a·1o·spread 0.00·19 hr agobusiness·via USA Today19 hr agoUpdated May 1, 2026, 5:18 p.m. ETFlat-faced dog breeds like French bulldogs are at high risk for a serious breathing condition called BOAS.Australian researchers are testing a new injectable therapy, Snoretox-1, as a less invasive alternative to surgery.The new treatment uses a modified tetanus toxin to strengthen throat muscles and open the dog's airway.Snoretox-1 is still in early trials but may become available in the U.S. after further studies and FDA approval.French bulldogs are one of America’s most popular dog breeds. But their signature flat faces can come with serious breathing risks, such as brachycephalic obstructive airway syndrome (BOAS). If left untreated, bulldogs and similar breeds can struggle with physical activity, experience sleep disruptions, and have a shorter life expectancy.Surgery is currently the standard treatment for BOAS, but another option may soon be available. Australian researchers are currently testing a new injectable therapy, Snoretox-1, that may provide a safer alternative. Why do flat-faced dogs face breathing difficulties?BOAS is a serious respiratory condition caused by anatomical abnormalities, including nasal airway narrowing and a long soft palate. It can cause symptoms like breathing difficulties, snoring, easy overheating, exercise intolerance and, in some cases, collapse.Treatment is important because severe BOAS can shorten a
1a·1o·spread 0.00·17 hr agobusiness·via The Washington Times17 hr agoMcCOYSVILLE, Pa. — Conrad Fisher’s musical journey has taken him from an Amish country upbringing in Pennsylvania to Nashville and back. These days the singer-songwriter has been making videos and recordings of musicians with Amish and Mennonite roots - building audiences well beyond the conservative religious communities. Last weekend Fisher took the stage in a former Presbyterian church that he bought for a song and converted into a performance space and recording studio he calls Ragamuffin Hall, in the rural Pennsylvania community of McCoysville. Fisher performed two sold-out concerts with Ben and Rose Stoltzfus, a married couple whose Amish background and church choir harmonies have drawn millions of YouTube clicks. It was a sort of warmup for shows they’re playing together in the coming months at much larger theaters in Pennsylvania and Indiana. “Ragamuffin Hall,” Fisher said, “is supposed to be a place where those weird things that’ll get you ostracized everywhere else, we’re like, ’Oh, no, that’s a gift. And here’s how you use it.’” Rose Stoltzfus performs at Ragamuffin Hall in McCoysville, Pa., Saturday, April 25, 2026. (AP Photo/Matt Rourke) Rose Stoltzfus performs at Ragamuffin Hall … more > Fisher’s parents were both raised in Amish families but
1a·1o·spread 0.00·17 hr agobusiness·via USA Today17 hr agoMay 1, 2026, 7:39 p.m. ETA man and woman were recently indicted in connection with a multimillion-dollar scheme, in which federal prosecutors allege they posed as professional athletes and took out loans in the players' names.Albert Paul Weber, 42, and Cyntrelle Lash, 39, were arrested for allegedly impersonating athletes who were "on the cusp of being drafted by NBA and NFL teams and paid multimillion-dollar contracts," according to the U.S. Attorney's Office for the Eastern District of Louisiana.The scheme, beginning as early as 2016, involved the two and their unidentified coconspirators stealing the identities of professional athletes, their family members and others to defraud "businesspeople and lenders who believed they were dealing with the athletes themselves," the federal prosecutors allege.According to court records obtained by USA TODAY, the couple is alleged to have laundered about $3.5 million through multiple bank accounts.On April 24, Weber and Lash were charged with conspiracy to commit wire fraud and conspiracy to commit money laundering. Weber also faces an additional six counts of aggravated identity theft and one count of interstate transmission of a threat.Lash, on the other hand, faces an additional count of aggravated identity theft.According to the U.S. attorney's office, each of the
1a·1o·spread 0.00·17 hr agobusiness·via The Atlantic17 hr agoSubscribe here: Apple Podcasts | Spotify | YouTube What happens when the majority of content on the internet tips over into AI slop? On this episode of Galaxy Brain, Charlie Warzel talks to Max Spero, a co-founder of Pangram, an AI-detection company. They discuss how AI-detection tools work and how effective they can be at identifying what’s made by humans and what comes from a chatbot. They explore the cultural concerns around authenticity in the large-language-model era, and whether detection can keep up as models improve. The pair discuss how the speed of AI development and synthetic content threatens to degrade the quality of human writing and pollute the internet—and what, if anything, can be done to stop it.The following is a transcript of the episode:Max Spero: I want to see people using AI to cure cancer and, you know, make senior care easier and make all of our lives better. And I also don’t want to see AI polluting the internet. So sort of like: There’s these two sides, and I want to see the good side of AI flourish, and I want to help mitigate the harmful effects of AI as much as possible.[Music]Charlie Warzel: I’m Charlie Warzel,
1a·1o·spread 0.00·20 hr agobusiness·via Reason20 hr ago"Hate speech" is notoriously hard to define and is usually a subjective characterization of harsh words. Though the term is thrown around by people describing comments they don't like, it generally refers to expression that might not be nice but is protected by the First Amendment to the United States Constitution as well as state speech protections. But that's not going to stop California lawmakers from trying to hector people into refraining from voicing nasty sentiments. You are reading The Rattler from J.D. Tuccille and Reason. Get more of J.D.'s commentary on government overreach and threats to everyday liberty. Training the Hate Away Existing California law requires employers with five or more employees to provide at least two hours of training regarding sexual harassment to all supervisors, and at least one hour of training to all other employees, repeated every two years. Assembly Bill 1803, introduced by Assemblymembers Josh Lowenthal (D–Long Beach) and Rick Chavez Zbur (D–Los Angeles) and co-authored by Assemblymember Corey Jackson (D–Moreno Valley), "would additionally require that the above-described training and education include, as a component of the training and education, anti-hate speech training." In a press release, Lowenthal claims that "AB 1803 is about making our
1a·1o·spread 0.00·8 hr agobusiness·via Fortune8 hr agoThe folksy wisdom and jokes that were a staple of the Berkshire Hathaway annual meeting for decades when Warren Buffett was leading the show will be missing Saturday, but shareholders still started lining up at midnight outside a Nebraska arena to listen to new CEO Greg Abel. Attendance is down significantly this year with the arena only a little over half full as the meeting started. That’s much different from the past few years when more than 40,000 attended to listen to the 95-year-old Buffett and — before his death in 2023, Buffett’s longtime partner Charlie Munger was always part of the fun. Buffett gave up the CEO title in January, but he remains chairman and will be sitting with the rest of the Berkshire board on the floor to listen at the meeting. Saturday’s meeting began with a video tribute to Buffett filled with clips from the previous 60 years of annual meetings. The first clip showed the standing ovation Buffett received last year after he surprised shareholders by announcing that he would step down. Abel then announced the symbolic move of retiring jerseys with Buffett’s and Munger’s names on them that will hang in the rafters of the
1a·1o·spread 0.00·14 hr agobusiness·via PBS NewsHour14 hr agoThe Oct. 7 terrorist attack in Israel, and the war in Gaza that followed, have left countless families grappling with profound loss. Two men, one Israeli, the other Palestinian, tell the story of their unexpected journey toward understanding and reconciliation in a new book, “The Future is Peace.” Ali Rogin speaks with them to learn more.Notice: Transcripts are machine and human generated and lightly edited for accuracy. They may contain errors. Geoff Bennett: The October 7 terrorist attack in Israel and the war in Gaza that followed have left countless families grappling with profound loss.For many others, the grief stretches back even further, tied to years of violence that predate this latest chapter. For two men, one Israeli, the other Palestinian, the killing of loved ones by those seen as enemies could have deepened the divide. Instead, it set them on an unexpected path toward understanding and reconciliation.They tell that story in their new book, "The Future Is Peace."Our Ali Rogin recently spoke with them. Ali Rogin: Aziz Abu Sarah, Maoz Inon, thank you so much for being here with me.This book documents your literal and figurative journey together. How did you start down this path? Maoz Inon, Co-Author: The
1a·1o·spread 0.00·15 hr agobusiness·via Global News15 hr agoPosted May 1, 2026 7:40 pm 1 min read The company said the shutdown will result in job losses, with some positions ending immediately and others phased out over the coming weeks. Google Images Another Quebec-based furniture company says it is ceasing manufacturing operations effective immediately as its lenders move to appoint a court-supervised receiver to wind down the business. The company said the Fédération des caisses Desjardins du Québec is expected to seek a court order on May 4 to appoint PricewaterhouseCoopers Inc. as receiver under the Bankruptcy and Insolvency Act.eSolutions, which includes Bush Business Furniture, Bush Furniture and Bestar, said the proposed receiver would oversee an orderly wind-down and sale of assets through a court-supervised process. 2:21 Forest industry conference deals with DRIPA controversy The company said the shutdown will result in job losses, with some positions ending immediately and others phased out over the coming weeks. Story continues below advertisement It said all employees will be paid wages owed up to their termination date and will receive further details on final pay and benefits. Get breaking National news Get breaking Canada news delivered to your inbox as it happens so you won't miss a trending story. eSolutions
1a·1o·spread 0.00·19 hr agobusiness·via Associated Press19 hr agoTEHRAN, Iran (AP) — At her studio in Iran’s capital, Amen Khademi prepared a fashion shoot for a jacket she designed with Persian-inspired motifs. But even as she applied lipstick to the model, she was distracted, worrying if her business would survive after four months without its main link to customers — the internet.Iran’s 90 million people have been cut off from the internet for most of 2026, one of the world’s longest and strictest national shutdowns. That is devastating an online economy that had long defied government restrictions and international sanctions. From fashion to fitness, to advertising and retailers, many have seen their incomes evaporate.Khademi hasn’t made a sale in months. “The internet outage in the past four months has completely destroyed not only my business, but many online businesses,” she said.Despite an uneasy truce with the U.S. and Israel, Iran’s rulers have refused to reverse the shutdown they have depicted as a wartime necessity. But they are facing an outcry as it adds to mass job losses from strikes on key industries and an ongoing U.S. blockade. Before January, Iranians could access the internet, but authorities blocked a large amount of content. Now all access to the global
5a·5o·spread 0.00·16 hr agobusiness·via Fox News16 hr agoNEWYou can now listen to Fox News articles! A masked suspect accused of gunning down two bank employees inside a Kentucky branch is now facing federal charges after a wild, high-speed chase that ended in a crash, according to court documents.Brailen Weaver, 18, is accused of carrying out the April 30 attack at a U.S. Bank branch in Berea, where authorities say he shot and killed two employees shortly after entering the building.According to an FBI affidavit, the suspect entered the bank around 1:57 p.m. and "immediately shot and killed a male victim" before fatally shooting a second employee, identified as a teller.Kentucky State Police later identified the victims as 35-year-old Breanna Edwards and 42-year-old Brian Switzer during a press conference.SECOND ARREST MADE IN FLORIDA BOWLING ALLEY SHOOTING THAT LEFT OFF-DUTY ATF AGENT PARALYZED: 'SENSELESS' Kentucky State Police released an image of a suspect wanted in connection with a deadly bank shooting in Berea. (Kentucky State Police)After the shooting, the suspect checked multiple drawers and fled the scene on foot, authorities said.The case is being investigated as armed bank robbery and firearm-related homicide. Weaver faces federal charges including armed bank robbery, using a firearm in a crime of violence, and
1a·1o·spread 0.00·15 hr agobusiness·via The Guardian15 hr agoA justice department lawyer working in Todd Blanche’s office pressured prosecutors to file criminal charges against the Southern Poverty Law Center (SPLC) despite their concerns about the strength of the case, a whistleblower told House Democrats.The lawyer, Aakash Singh, reportedly “ordered” federal prosecutors in Alabama “to rush through the indictment of the SPLC, despite serious concerns about the strength of the case”, Jamie Raskin and Mary Gay Scanlon said in a letter on Friday. The Democrats also said they were opening an investigation into the matter. The letter was first reported by MS Now.Blanche, the acting US attorney general, held a press conference announcing the 11-count indictment on 21 April, accusing the civil rights organization of committing wire fraud, making a false statement to a bank, and conspiring to launder money. The charges were in connection with a now-defunct program in which the SPLC paid informants to infiltrate extremist groups and then shared information with law enforcement.Aakash Singh, a top official at the Department of Justice. Photograph: Department of JusticeThe organization has denied all wrongdoing and legal experts have said the charges are weak. The indictment was widely seen as part of Blanche’s effort to show Donald Trump he can
1a·1o·spread 0.00·24 min agobusiness·via CNBC24 min agoCHENGDU, CHINA - MARCH 18: Apple CEO Tim Cook attends a special event marking Apple's 50th anniversary at the Apple Taikoo Li Chengdu store on March 18, 2026 in Chengdu, Sichuan Province of China.VCG | Getty ImagesApple shares jumped more than 3% on Friday after the iPhone maker reported better-than-expected quarterly results and issued revenue guidance for the current period that sailed past analysts' estimates. CEO Tim Cook, who is preparing to step down in September after 15 years at the helm, touted the company's performance in the face of significant supply constraints due largely to the global memory crunch. The company said late Thursday that revenue in the fiscal third quarter, which ends in June, will increase between 14% and 17% from a year earlier, while analysts were projecting growth of 9.5%. Apple is seeing continued demand from the iPhone 17 family, which Cook called the "most popular lineup in our history," as well as for a number of Mac models. In March, Apple released a lower-cost computer called the MacBook Neo, and Cook said late Wednesday that customer response "has just been off the charts, with higher-than-expected demand."Analysts sought clarity from Cook, who said the company would "look
1a·1o·spread 0.00·20 hr agobusiness·via CNBC20 hr agoChesnot | Getty ImagesBitcoin surged in April, but its run could be on shaky ground, according to crypto data provider CryptoQuant.The flagship crypto coin gained 12.7% for the month, registering back-to-back monthly gains and its best month since April 2025. It eked out a nearly 2% gain in March, following five consecutive down months. Ether gained 8% in the same period, also its second up month in a row and best month since August.Perpetual futures — the dominant source of leveraged crypto trading activity — was the "sole driver" of the rally, however, according to CryptoQuant. The firm's apparent demand metric, which tracks the 30-day change in outright purchases of bitcoin, stayed negative throughout April while futures demand rose.The two trends combined are often a warning sign, according to Julio Moreno, head of research at CryptoQuant. They suggest the upward price action is fueled by speculation rather than fundamentals. "This divergence – rising futures demand alongside contracting spot demand – suggests price appreciation is driven by leverage rather than fresh coin accumulation," Julio Moreno, head of research at CryptoQuant, said in a report Thursday. "Historically, such configurations lack the structural foundation required to sustain price gains and typically resolve via
1a·1o·spread 0.00·19 hr agobusiness·via Newsweek19 hr agoAlex Jones signed off his final InfoWars broadcast this week with defiance and bravado, promising a comeback, even as his long‑running conspiracy platform went dark amid an intensifying legal battle with the satirical news outlet The Onion over control of the brand.The Austin, Texas‑based show, which Jones has hosted for more than two decades, shut down after a court‑appointed receiver overseeing his assets stopped covering operating expenses. The move forced the closure of InfoWars’ studio as courts continue to grapple with how to liquidate Jones’ media empire to satisfy more than $1 billion in defamation judgments owed to families of victims of the 2012 Sandy Hook Elementary School shooting.In his final broadcast Thursday, Jones lashed out at The Onion and framed the shutdown as a temporary setback, vowing to continue his work through new platforms...."They're turning the power off at midnight," Jones said, after claiming that the final broadcast would air hours of Sandy Hook documentation. "Private detectives are coming in to close the doors, and they're going to act like they got their big-ass victory, but notice, the state courts just blocked the little rat-confessed satanists from coming in to wear our skin for months while we launch our
1a·1o·spread 0.00·16 hr agobusiness·via USA Today16 hr agoMay 1, 2026, 6:42 p.m. ETStamps will don a new, never-before-seen shade: Barbie Pink.The U.S. Postal Service has collaborated with Mattel Inc. to release a set of Barbie stamps "featuring Barbie dolls through the years, dressed for 10 iconic careers" this summer.From soccer player to astronaut, the designs aim to encourage Barbie fans to "dream big" and "explore a huge range of possibilities."According to a May 1 news release from USPS, Barbie, aka "the best-selling doll of all time," has represented more than 250 careers since 1959.Ethel Kessler, an art director for USPS, worked closely with the global play and family entertainment company on both the design of the stamps and pane.To best showcase the dolls and their career attire, the team employed a rarely used format, a third taller than the usual vertical commemorative stamp.The team approached the project “with a spirit of fun,” using bright, energetic shades — predominantly the famous “Barbie Pink” — to evoke a feeling of joy, Kessler said in a statement.Here's everything we know about the Barbie stamp set, including when it will be available.When are they available?Barbie commemorative stamps will be released July 11, the last day of the 2026 National Barbie Doll
2a·2o·spread 0.00·20 hr agobusiness·via CNBC20 hr agoBen Johns comes over to the right side to hit a dink shot against Anna Bright and Hayden Patriquine in the 2026 PPA Carvana Mesa Cup finals match of the Pro Mixed Doubles Division at Arizona Athletic Grounds on February 22, 2026 in Mesa, Arizona. Bruce Yeung | Getty ImagesPickleball Inc., the new parent company of Major League Pickleball and the PPA Tour, said Friday it has raised a record $225 million in new investment, as the paddle sport continues its rapid growth trajectory. The latest investment comes from Apollo Global Management's newly created sports fund, Apollo Sports Capital, and Dundon Capital Partners, owned by billionaire Tom Dundon. Dundon is an owner of the Portland Trail Blazers NBA team and the Carolina Hurricanes NHL team and was an early investor in pickleball. The fresh funds bring the total investment in Pickleball Inc. to $315 million, as investors continue to look at emerging sports as a place to park their money. The raise values Pickleball Inc. at $750 million, according to a person familiar with the matter, who asked to remain unnamed because they were not authorized to speak publicly about the company's valuation. The deal also includes rolling up several
1a·1o·spread 0.00·21 hr agobusiness·via The Guardian21 hr agoA video of an attack on a French Catholic nun and archeological researcher in Jerusalem has caused widespread revulsion and been denounced as a “shameful act” by Israel’s foreign ministry.In the video, a man runs up behind the nun as she walks down a street and pushes her over with force, so that the victim comes close to hitting her head on a block of stone. After walking away a few paces, the attacker, who appears to be Jewish, returns to kick the nun as she lies on the ground and only stops when a passerby intervenes.The nun’s face was grazed but she was not reported to be seriously injured. The Israeli police said they had arrested a 36-year-old man, and that the force would “continue to act with a heavy hand and zero tolerance in order to preserve and maintain the proper and safe fabric of life for all ethnicities and religions in the city of Jerusalem”.The attack took place on Mount Zion, near the site revered by Jewish people as King David’s tomb, and the Cenacle, traditionally held by Christians to be the site of the last supper.The French consulate strongly condemned the attack and said on X:
1a·1o·spread 0.00·21 hr agobusiness·via TechCrunch21 hr agoMusely, a direct-to-consumer telemedicine platform, has secured over $360 million in non-dilutive capital from General Catalyst’s Customer Value Fund (CVF). The company specializes in compounded treatments for skin, hair, and menopause care. Musely co-founder and CEO Jack Jia told TechCrunch that when CVF investors reached out to him last year, he wasn’t looking to raise capital. That’s because Musely, which was founded in 2014 as a wellness community before pivoting to prescription skincare in 2019, has been cash flow positive for years, he said. Jia didn’t want to reduce his ownership in the company by selling off a chunk of it to VCs. They frequently approached him about a potential round and he consistently turned them down, he said. But unlike traditional venture capital, CVF wasn’t looking to take an equity stake, nor was it offering a loan that would carry interest rate charges. Instead, CVF’s alternative financing is similar to a tiny revenue-share agreement: Companies with predictable revenue streams borrow capital, and then repay the funds along with a fixed, capped percentage of revenue it generates from the use of General Catalyst’s fund. Although Jia was initially skeptical, he quickly realized CVF’s terms were more favorable than a standard
1a·1o·spread 0.00·14 hr agobusiness·via The Atlantic14 hr agoIt won’t be long before self-driving cars become a concrete reality for consumers. In order to make the driverless future successful, however, auto companies need to take consumers along for the ride. A Capgemini study of more than 5,500 consumers and 280 executives can help auto leaders understand consumer expectations for a self-driving future and prepare their organizations accordingly. Here’s what they need to do: Keep the consumer informed Consumers don’t simply expect self-driving cars to get them from Point A to Point B. They also want them to perform a range of other tasks. According to the study, consumers say they would be willing to use these driverless cars to run errands or transport friends and family members. In consumers’ eyes, the car is moving from a means of transportation to a quasi-personal assistant. This shift places a significant responsibility on auto companies to be candid about the capabilities of driverless cars in order to avoid any risk of misrepresentation. Industry initiatives in this area are already underway. The Euro New Car Assessment Programme, for example, plans to have a ranking system in place by 2020 that will assess the technical systems, manuals and advertising materials of driverless cars.
