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S&P 500 inches to higher close, AI fervor edges out Iran impasse
The S&P 500 closed slightly higher as ai momentum in semiconductors outweighed inflation concerns from stalled U.S.-iran peace talks and rising crude prices.
US productivity slows further in first quarter
U.S. worker productivity growth slowed to 0.8% annualized in the first quarter, with expectations of a rebound due to increased artificial intelligence investment.
Crypto exchange Coinbase to cut about 14% of workforce in AI-driven restructuring
Coinbase plans to cut about 700 jobs, or 14% of its workforce, as it restructures around AI amid crypto market volatility and subdued trading volumes.
US labor market stable as layoffs remain low
The US labor market remains stable with low layoffs and steady job openings, easing concerns despite the US-israel war impact on oil prices.
Trump calls Xi meeting important trip, says US leads in AI
President Donald Trump calls his upcoming meeting with China's Xi Jinping important and emphasizes the US lead in artificial intelligence amid trade tensions.
Army awards $869M contract to Leidos
The U.S. Army awarded Leidos an $869M contract to build systems, using AI and other tools, aimed at accelerating decision making.
Oil prices rise with eyes on Iran, UAE; AI concerns weigh on stocks
Oil prices rose amid the Iran conflict stalemate and the UAE quitting OPEC, while AI concerns weighed on U.S. and global stock markets.
Fortreum acquires Reston-based cybersecurity firm
Fortreum has acquired Reston-based AI compliance startup Kovr.ai, less than a year after the company emerged from stealth.
Myseum takes flight after Allbirds in fresh AI rebrand wave
Myseum and Allbirds rebrand to emphasize artificial intelligence, triggering significant stock price surges amid investor enthusiasm for ai technology.
Intel and Google to double down on AI CPUs with expanded partnership
Intel and Google expand their partnership to develop AI-focused CPUs and custom infrastructure processors, responding to growing demand for AI computing power.
White House says increased productivity means Fed can cut rates
White House economic adviser Kevin Hassett says AI-driven productivity gains may ease inflation and allow the Federal Reserve to lower interest rates.
The choice we’re making about AI
AI can improve productivity if implemented with training and human connection. Poor rollouts cause frustration and workplace loneliness, warns Best Companies Group.
