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OpenAI trial: Musk's child's mother testifies, says Musk once offered Altman a seat on Tesla's board

OpenAI trial: Musk's child's mother testifies, says Musk once offered Altman a seat on Tesla's board

The Musk lawsuit against OpenAI has entered a critical stage. This week's trial has revealed a series of evidence contradicting Musk's previous testimony, making the course of this high-stakes litigation increasingly unpredictable. Shivon Zilis, who has four children with Musk, testified in court on Wednesday. She

U.S. Trade Court rules Trump’s 10% global tariff invalid

U.S. Trade Court rules Trump’s 10% global tariff invalid

``` According to media reports, the U.S. International Trade Court ruled on Thursday that the global 10% tariff imposed by Trump under a 1970s trade law lacks legal basis. The court, with a 2-1 decision, sided with a group of small business plaintiffs, determining that the tariffs did not meet

CoreWeave’s quarterly revenue grew 112% year-over-year, with backlogged orders reaching $99.4 billion. Large-scale expansion weighed on profits｜Earnings Report Highlights

CoreWeave’s quarterly revenue grew 112% year-over-year, with backlogged orders reaching $99.4 billion. Large-scale expansion weighed on profits｜Earnings Report Highlights

``` AI cloud computing infrastructure company CoreWeave announced its results for the first quarter of fiscal year 2026: revenue doubled year-on-year, order backlog surged to nearly $100 billion, but sustained heavy capital investment is putting significant pressure on profits. This quarter's revenue reached $2.18 billion, up 112% year-on-year,

San Francisco Fed President downplays differences in Fed statements, says wording is less important than actions.

San Francisco Fed President downplays differences in Fed statements, says wording is less important than actions.

Mary Daly, President of the San Francisco Federal Reserve, downplayed internal disagreements within the Fed over the wording of policy statements, emphasizing that the committee's actions are the true policy signal. Daly said in an interview on Thursday, "The wording of the statement is less important than

Profiting from the Iran war? U.S. Department of Justice reportedly investigating $2.6 billion suspicious short-selling oil trades

Profiting from the Iran war? U.S. Department of Justice reportedly investigating $2.6 billion suspicious short-selling oil trades

The Iranian conflict continues to stir up risks in global financial markets, and the latest reports reveal that US regulators have finally launched an investigation into those highly accurate, large-scale oil short positions. On Thursday, Eastern US time, US media cited sources reporting that the US Department of Justice is

New York Fed April survey: U.S. consumers' long-term inflation expectations remain stable

New York Fed April survey: U.S. consumers' long-term inflation expectations remain stable

``` Despite the current inflationary pressures pushed up by the Middle East war and tariffs, the New York Fed’s April consumer survey shows that Americans’ three-year and five-year inflation expectations remain stable. This stands in contrast to the significant deterioration reflected in the University of Michigan’s consumer confidence survey

S&P call options surge to a record $2.6 trillion! Goldman Sachs traders warn: the market is entering a "semi-irrational buying mode."

S&P call options surge to a record $2.6 trillion! Goldman Sachs traders warn: the market is entering a "semi-irrational buying mode."

``` The fervor surrounding tech stocks and the semiconductor sector is pushing the U.S. stock market into an extreme state. Goldman Sachs trader Brian Garrett issued a warning, saying the market has entered a “semi-irrational chase mode” ("semi" is a pun, hinting at the semiconductor-driven mania). The nominal