economy

U.S. Consumers Face Rising Prices Ahead of Memorial Day Weekend Amid Inflation Concerns

05/23/2026, 06:33 AM economy forecast finance E.l.f. Beauty McDonald's Bank of America

As inflation rises due to the ongoing Iran War, U.S. consumers are facing significant price increases across various sectors, particularly in food and travel, just ahead of the Memorial Day weekend. This trend could impact consumer spending and sentiment as families prepare for summer activities.

Microsoft’s Jenny Lay-Flurrie Discusses Humanizing AI Development Through Responsible Technology Initiatives

05/23/2026, 06:33 AM economy growth software Microsoft

Microsoft is taking significant steps to ensure responsible AI development amid the fast-paced tech landscape, emphasizing the importance of accessibility and accountability in its AI initiatives. This approach may influence investor confidence as the company navigates the challenges of integrating ethical practices into its technology offerings.

South Korea’s Deputy Prime Minister Bae Kyung-hoon Advocates for Public Benefit from AI Wealth Amid Samsung Labor Tensions

05/23/2026, 03:32 AM economy announcement ai tech

South Korea's Deputy Prime Minister Bae Kyung-hoon emphasized the need for wealth generated by artificial intelligence to benefit the public, amid rising labor tensions at Samsung Electronics and a booming stock market driven by major chipmakers. His remarks highlight the broader implications of AI on inequality and job security.

SpaceX to Attempt Starship Test Flight After Previous Launch Scrubbed Due to Technical Issues

05/22/2026, 03:32 PM economy announcement aero_defense

SpaceX is set to attempt another launch of its Starship rocket after a previous attempt was halted due to technical issues. This launch is crucial as the company prepares for a significant IPO expected to raise around $75 billion.

Analysts Tigress Financial Partners rate Qualcomm (QCOM) a Buy as shares surge 12% amid AI device boom

05/22/2026, 02:33 PM economy rating_growth Analysts: analysts ai consumer Qualcomm

Qualcomm's stock has surged 12% in a single day and is up 75% over the past month, reflecting its growing significance in the AI chip market as it partners with major companies like OpenAI and Stellantis.

Analysts Truist recommend buying Reddit (REDD) shares despite 6% stock drop following Meta’s launch of Forum app

05/22/2026, 12:33 PM economy stock_drop Analysts: analysts, Truist Meta Platforms Reddit

Reddit's shares declined by approximately 6% following the launch of Meta's new app, Forum, which poses a competitive threat to Reddit's user base and engagement.

Consumer Sentiment Reaches Record Low in May Amid Inflation Concerns Fueled by U.S.-Iran War

05/22/2026, 07:32 AM economy decline

Consumer sentiment in the U.S. has reached a new low in May, primarily driven by inflation concerns linked to the ongoing U.S.-Iran war and rising oil prices, which could have significant implications for consumer spending and economic growth.

Stellantis Unveils $70 Billion Turnaround Plan Aiming for Positive Cash Flow by 2024

05/22/2026, 05:34 AM economy announcement auto Microsoft Stellantis

Microsoft's potential deal with Anthropic for AI chips and Stellantis' ambitious $70 billion investment plan are key developments that could influence the tech and automotive sectors significantly.

Microsoft’s GitHub Faces Challenges in AI Coding Race Amid Outages and Competition

05/22/2026, 05:34 AM economy review software Microsoft

Microsoft's GitHub, once a leader in the AI coding space, is facing significant challenges due to repeated outages and executive turnover, which could jeopardize its competitive position against emerging tools and impact Microsoft's overall AI strategy.

Enhanced Games, backed by Donald Trump Jr.'s 1789 Capital, set to debut in Las Vegas with performance-enhancing drugs allowed

05/22/2026, 05:34 AM economy announcement

The Enhanced Games, a new sports competition allowing performance-enhancing drugs, is set to debut in Las Vegas, attracting significant investment interest despite criticism from traditional sports authorities. This event could reshape perceptions of athletic competition and open new markets for performance-enhancing products.