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Stock Market Today: Dow Hits 50,000 on AI Buzz; Cerebras IPO in Focus — Live Updates - WSJ

Nvidia Stock Extends Winning Streak On China News - Investor's Business Daily

Nvidia stock gapped higher on Thursday on a report that Chinese firms are lining up to buy its AI chips if they can secure China's approval.

Cerebras IPO makes billions for Benchmark but VC Eric Vishria almost didn't take the meeting - TechCrunch

Benchmark almost never backs hardware startups. So Eric Vishria dragged his feet ten years ago before agreeing to hear Cerebras' pitch.

Musk’s attorney apologizes for his absence at trial during closing arguments - NBC News

Elon Musk had traveled to China with President Donald Trump even though the judge said he wasn’t excused.

Nearly 40% chances of stagflation by end of 2026, traders say - CNBC

Traders are not optimistic about the state of economy by the end of this year, placing high chances of stagflation, a mix of high inflation and unemployment.

OpenAI is reportedly preparing legal action against Apple; it wouldn't be the first partner to feel burned - TechCrunch

According to Bloomberg, OpenAI has enlisted an outside law firm to work through its options.

Fed Governor Miran submits resignation, throws support behind Warsh as new chair - CNBC

Miran served as a contrarian voice on the rate-setting Federal Open Market Committee.

The tech job market is a bloodbath. It’s likely going to get even worse. - SFGATE

This 2026 surge almost rivals the first significant wave of layoffs of 2023, when more than 160,000 people were let go in the first quarter alone.

Bitcoin hits $82,000, Coinbase leads crypto stock gains as Clarity act advances - CoinDesk

The upbeat public debut of AI chipmaker Cerebras is also helping to lift both crypto and traditional markets.

Ford surges nearly 20% in two days. It might be an AI 'meme' stock after energy pivot - CNBC

Ford Motor shares have been on a tear the past couple days, rising on buzz over its ties to the energy storage market.

Tax refunds help to lift US retail sales; drag from rising inflation looms - Yahoo Finance

By Lucia Mutikani WASHINGTON, May 14 (Reuters) - U.S. retail sales increased solidly for a third straight month in April, though part of the rise in receipts...

Trump Mobile Scrambles After MAGA Revolt Over Phone Fiasco - The Daily Beast

The cellular scandal rocked MAGA nation.

Cisco announces record revenue and 4,000 layoffs in the same day - Ars Technica

Layoffs are "not a savings-driven restructure," CFO says.

Bank of America resets Nvidia stock price target for 2026 - thestreet.com

Bank of America just changed a key assumption about the AI market and the new number it landed on is significantly larger than before

Honda retreats to hybrids after failed EV bet triggers record $9 billion loss [Images] - Electrek

Honda is waving the white flag. The Japanese automaker previewed two new hybrids set to launch by 2028 after taking...

Global Oil Stockpiles Plunge as Iran War Chokes Supply - Crude Oil Prices Today | OilPrice.com

Global oil markets are facing a historic supply shock as the war in Iran restricts Hormuz tanker traffic and drains inventories at record speed.

Dow Jones Futures Rise As Cisco Soars On AI Orders; Trump-Xi Summit Begins - Investor's Business Daily

AI chipmaker Cerebras prices IPO well above recently raised range.

Blue-green diamond called the "world's rarest" sells for record $17.3 million at auction - CBS News

The 5.5-carat "Ocean Dream" was found in Central Africa in the 1990s.