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Cerebras shares surge as surprise profit, forecast raise ease AI spending worries

Cerebras Systems' shares gained more than 14% in premarket trading on Friday, after the chipmaker raised its annual sales forecast and posted a surprise profit, indicating momentum in its challenge to Nvidia in the AI chip market.The gains, if they hold, would add over $3 billion to Cerebras' market value, as the upbeat forecast helped offset concerns over heavy AI spending and the uncertainty triggered by Nvidia CEO Jensen Huang's resignation. • As of Thursday's close, Cerebras' shares were down 47.2% from their May IPO price of $185 apiece• Cerebras now expects 2026 adjusted revenue o

How US tech pain is European stock markets' gain

Bombings in Russia kill a military officer and injure an adviser to Ukraine's former prime minister

Business|Economy|Finance|US

US producer prices rise further in October

US producer prices increased further in October, leading to the largest annual gain in four years and supporting expectations that the Federal Reserve could continue raising interest rates after next month's widely expected hike.The Producer Price Index for final demand rose 0.3% last month after an upwardly revised 1.4% surge in September, the Labor Department's Bureau of Labor Statistics said on Friday. Economists polled by Reuters had forecast the PPI climbing 0.4% after vaulting 1.3% in September.Producer prices last month were lifted by a 0.5% rise in goods, mostly food and basic organic

Bessent points finger at Commerce Department in Nvidia scandal as Trump advisers discuss possible Lutnick ouster

Republicans dazed by midterm election defeats grapple with what went wrong

Business|Economy|Finance|Technology

Wall St set to open higher after soft producer prices

The main US stock indexes were on course for a higher open on Friday after data showed October producer prices were slightly softer than expected, potentially relieving some pressure on the Federal Reserve to hike interest rates aggressively.The gains could reassure investors at the end of a volatile week that saw AI stocks reel from the resignation of Jensen Huang as CEO of chip heavyweight Nvidia, amid scrutiny of his relationship with a businesswoman suspected of spying for Beijing and other alleged extramarital affairs.Traders are fully pricing in a hike by the central bank next month, wi

US Congress Democrats plot 'must-have' victories in 2027

France criticises 'demagogic' move by Israel to ban hard-left leader Melenchon

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Trump tells Vance to turn his focus away from Iran: ‘We don’t need a deal’

President Donald Trump on Thursday offered mixed messages on his approach to the war with Iran, first writing on social media that the US doesn’t “need a deal” with Tehran and pulling Vice President JD Vance away from the talks to focus elsewhere, then later conceding it would be a “defeat” to walk away with Iran’s current regime still in power.In a morning Truth Social post, Trump said he was directing Vance, who had been tasked with leading negotiations between the US and Iran, “to focus his complete and total attention” on rooting out corruption and crime in Democratic state

Crime|Political|US

Richard Glossip, Oklahoma man on death row for years, pleads guilty to lesser charge

Richard Glossip, the Oklahoma man who spent nearly 30 years on death row before his murder conviction was overturned by the US Supreme Court last year, pleaded guilty Thursday to accessory to murder after the fact, avoiding a third murder trial, his attorney told CNN.The plea agreement came during what was expected to be a pretrial hearing ahead of a retrial scheduled for December on a charge of first-degree murder.Instead, his sentencing is scheduled for December 17 and 18, his attorney said. His defense plans to ask for time served, while prosecutors said they intend to seek additional priso

Crews search rubble of deadly NY building collapse as rain threatens to complicate rescues

5 people are shot in DC, including 1 killed at a gym, and then suspect kills himself

At least 8 killed, 17 hurt in Brooklyn building collapse, officials say

New York (WCBS, WLNY) -- At least eight people were killed and 17 others injured Wednesday in Brooklyn when one building collapsed and a second was significantly damaged, authorities said. The collapse occurred just after 4 p.m. Eastern time Wednesday at a three-story building on Flatbush Avenue near Bedford Avenue in Flatbush.The New York City Police Department said a building at 1321 Flatbush Ave. was completely collapsed, while the side of an adjacent building at 1323 Flatbush Ave. was torn off in the process.According to police, the building that fully collapsed wa

Father of boy who survived being buried alive is charged with attempted murder in South Carolina

An 11-month-old South Carolina boy who authorities say was buried alive in a dog crate by his father was found by rescuers after about 24 hours, crying and covered in dirt, his grandfather said about the dramatic rescue. But soon after, little Koah Sharp stopped crying, John Comer told The Associated Press on Wednesday night as he recalled the events that played out the day before in the woods on his neighbor's property. The infant was put on the back of a truck and sat up, Comer said. “I became ecstatic, my hands straight in the air. I’m looking in the sky, ju

Mississippi elects Democrat Scott Colom as state's first Black US senator since Reconstruction

Massive rescue effort underway after NYC building collapse leaves at least 1 dead, 12 injured, officials say

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Arts|Travel|World

Peruvians flock to see Pope Leo in city he served as bishop

A vast crowd gathered outside Peru's northern city of Chiclayo early on Friday for the centerpiece event of Pope Leo's 12-day South America tour, an outdoor Mass with the people who knew him as their bishop for eight years. More people were heading in vehicles and on foot to an arid field just outside Chiclayo, a city 10,700 km (6,650 miles) from Rome, where the former Robert Prevost, elected leader of the Catholic Church last year, is still described as "Padre" (Father) or "Amigo" (Friend).Lines of cars forced many to walk part of the way to Pampas de Pimentel, a vast desert park west of

Business|Sports|World

Man United hires Mauricio Pochettino, who leaves US job with task of reviving former power

Mauricio Pochettino was hired as Manchester United's head coach on Friday, agreeing to leave his job with the U.S. national team to take on the challenge of reviving the fortunes of English soccer's once dominant force. Just three months after announcing a contract to lead the Americans through the 2030 World Cup, the U.S. Soccer Federation said Pochettino will depart next next week for Old Trafford. The 20-time English champion is in the relegation zone after 10 games of the Premier League season. He has signed a 2 1/2-year contract and will officially take over

Microsoft reports progress as it works to recover email and other services in a global outage

Scandal-hit Jensen Huang loses his shine in his birthplace Taiwan

Sports|World

Longtime NBC Sports announcer Dan Hicks dies at 64

Sportscaster Dan Hicks, who was the voice of golf, Olympic swimming and Notre Dame football during a 35-year career at NBC Sports, has died, his family and NBC announced Thursday. He was 64. Hicks died late Wednesday in Connecticut. He died of an acute illness, according to his wife, Hannah Storm. He had been scheduled to call Notre Dame's game Saturday. “Our family is heartbroken by the sudden and unexpected passing of Dan,” Storm said in a statement. “He was a devoted husband of over 30 years, loving father to our three daughters, and cherishe

Israeli strike on Gaza hospital kills at least 6, including doctor and child, Palestinian officials say

An Israeli strike on a hospital in southern Gaza overnight Wednesday killed at least six people, including a doctor and a child, Palestinian officials say.The strike on Nasser Hospital shortly after midnight hit the complex’s surgery unit, according to a Gaza Civil Defense spokesman. The attack tore through part of the hospital, Ezz Eddine Abu Sabha said, leaving charred debris scattered across the destroyed unit.The strike killed 52-year-old Dr. Rizk Abu Shaira, Abu Sabha said, as well as a 13-year-old boy who was supposed to have surgery. A total of 40 people were injured in the Israeli st

Yemen’s Houthis hold mass funeral as they call for action to protect civilians

US envoys Witkoff and Kushner may visit Russia in coming days, TASS reports

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Business|Economy|Finance|Political|Technology

US Senate Banking Committee chair calls on Jensen Huang, Lutnick to testify

Business|Finance|Science|Stock Markets|Technology

AI stocks pare losses as investors assess fallout of Nvidia CEO's exit

Global AI-linked stocks were trading lower after bouncing off their sessions lows on Thursday, as investors weighed the fallout of Nvidia CEO Jensen Huang's

Arts|Economy|Technology

Wall St opens lower after Nvidia CEO steps down

Wall Street's main indexes opened lower on Thursday after Nvidia said CEO Jensen Huang was stepping down, leaving the AI industry without its biggest champion.

Economy|Finance|Sports|Technology

Massive Microsoft outage disrupts businesses, schools and governments around the world

Business|Economy|Finance|Science|Technology

What we know after Jensen Huang resigns as Nvidia's CEO

Nvidia CEO Jensen Huang has resigned from his top post at the chipmaker he co-founded, after reports of the tech titan’s extramarital affairs came into the spotlight this week

Business|Finance|Technology

CFO Colette Kress to serve as interim leader after Nvidia CEO Jensen Huang resignation

Election

Black voters view Scott Colom's historic US Senate win through lens of Mississippi's racial legacy

Business|Finance|Stock Markets|Technology

Nvidia CEO Jensen Huang steps down

Nvidia CEO Jensen Huang is stepping down, leaving the AI industry without an outspoken cheerleader and clouding the future of the chipmaker he built into an AI powerhouse.

Business|Finance|Science|Technology

Nvidia CEO Jensen Huang resigns in blow to AI boom he helped foster

Nvidia CEO Jensen Huang stepped down on Thursday after revelations of extramarital affairs, including one involving a suspected Chinese spy,

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Wall Street shakes with swings for Nvidia and oil prices but recovers most of its early losses

The U.S. stock market shook, but it largely absorbed big swings for Nvidia and oil prices and finished with relatively modest losses

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From LA to Scottsdale: The Founder Behind AdDynamix Is Building the Bridge Between AI and Business Tools

An LA digital advertising veteran of 28 years has moved to Scottsdale and is building what he calls the missing piece between business software and the AI assistants people now use every day. SCOTTSDALE, AZ. When Benoit Pecqueur talks about his latest company, he sounds less like a founder pitching a product and more like an operator who got tired of watching the same problem repeat itself. “Most small business owners are watching the AI revolution from the sidelines,” he says. “Not because they don’t want it. Because their tools don’t talk to ChatGPT or Claude. Their accountant still pulls