Services Costs Drag Fed's Favorite Inflation Signal To 3-Year Highs, Savings Rate Holds Near Lows

Altman Fires Back At Musk During OpenAI Trial Testimony OpenAI CEO Sam Altman spent roughly four hours on the witness stand Tuesday defending the company’s shift from a nonprofit to a for-profit model, directly rebutting Elon Musk’s claims that he and co-founder Greg Brockman “stole a charity” when they restructured the artificial intelligence lab. "I think it’s wonderful that through the hard work of thousands of people … we’ve been able to create one of largest nonprofits in the world, [and] that it has this role to protect the technology and...

US Central Command said on Monday that US military helicopters sank six Iranian boats, an allegation Iranian officials have denied, according to Iranian media, as the ceasefire between the US and Iran appears to have collapsed. The comments from CENTCOM Commander Adm. Brad Cooper came after Iranian media reported that Iran struck a US warship […]

Norwegian Cruise Cuts Outlook On Gulf Disruptions, Fuel Shock Norwegian Cruise Line Holdings shares fell in premarket trading in New York after the cruise ship operator lowered its full-year 2026 outlook, as disruptions in the Middle East, higher diesel costs, and softer travel demand in Europe weighed on first-quarter bookings. "The Company is experiencing headwinds related to disruptions in the Middle East, including higher fuel expense and signs of softer demand as consumers reevaluate travel plans, particularly to Europe," Norwegian Cruise wrote in a press release. It continued, "As previously noted,...