Caterpillar shares surged more than 9% to a record high after Q1 earnings crushed estimates, with construction revenue up 38% and power and energy up 22%. The real story is what is driving it: AI data center demand has rewritten the order book of a 100-year-old industrial.
The S&P 500 punched through to a new all-time intraday high Thursday on the back of blowout earnings…
Elon Musk took the witness stand in Oakland Tuesday, accusing Sam Altman and OpenAI of "looting a charity."…
Stocks, indices, and the macro tape
Four of the five most valuable companies in America report earnings tonight: Microsoft, Meta,…
The United Arab Emirates will exit OPEC and OPEC+ on May 1, ending nearly…
Oil prices surge above $107 as Trump cancels Iran peace talks. Strait of Hormuz…
Chinese PCB maker Victory Giant Technology surges 60% in Hong Kong's biggest IPO of…
The race to build — and regulate — intelligent machines
Product, platform, and the shape of the Internet
Nine weeks after launching its first ad, OpenAI has rolled out cost-per-click pricing, onboarded…
After 15 years and a 1,000% stock gain, Tim Cook is stepping down as…
Cursor is raising more than $2 billion at north of $50 billion, doubling its…
TSMC reported a 58% year-over-year profit increase in Q1 2026, with AI and high-performance…
Kevin Weil, Bill Peebles, and Srinivas Narayanan all exited OpenAI on the same day.…
Anthropic launched Claude Design on April 17 and Figma shares fell as much as…
Deals, earnings, and corporate strategy
ServiceNow became the first major enterprise software company to quantify the Iran war's impact on deal flow, revealing a 75-basis-point subscription revenue headwind from delayed Middle East closings.…
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Futures traders have pushed the probability of a Federal Reserve rate increase by year-end to 52%, the first time it has crossed the 50% threshold. Six months ago, the consensus…
Digital assets, tokenization, and the on-chain economy
Regulation, geopolitics, and capital in Washington
Data centers, chips, and the plumbing of AI
Meta expanded its CoreWeave partnership by $21 billion to a total of $35 billion…
The tech industry just had its worst quarter for jobs since the dot-com crash.…
Oracle has begun cutting up to 30,000 employees, roughly 18.5% of its global workforce,…
French AI startup Mistral just completed its first major debt raise, $830 million backed…
Jensen Huang takes the stage at GTC 2026 with 30,000 attendees watching. The Vera…
Advanced Micro Devices just got the kind of validation that money can’t buy. Except…
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