AI data centers are becoming a “stress test” for insurers as rapid technological advancements and the use of increasingly complex financial structures present a unique set of challenges and opportunities for the sector. Global spending on data centers could reach $7 trillion by 2030, according to McKinsey, and much of that spending can no longer
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Tesla shares slid more than 5% on Thursday, their worst slump of the year, after the company’s deliveries and production report for the first quarter showed a drop from the prior period, with mild growth from a year earlier. Tesla has recorded annual declines in the past two years. Here are the key numbers: Total
FILE PHOTO: Judson Althoff, CEO of Microsoft’s commercial business, appears during an interview in San Francisco on Jan. 27, 2017. David Paul Morris | Bloomberg | Getty Images Microsoft has made greater inroads with sales of its Copilot artificial intelligence add-on for business clients after facing criticism for relatively low adoption in recent months, executive
Polymarket removed a forum related to the rescue mission of U.S. military servicemembers amid political pressure, the latest sign of mounting scrutiny around prediction markets. U.S. and Iranian military forces are searching for a missing American airman after its F-15E fighter jet was shot down over Iran on Friday. One crew member has been rescued,
The U.S. labor market bounced back in March, with job creation much stronger than expected though the broader picture of a slow-growth labor market held intact. Nonfarm payrolls rose a seasonally adjusted 178,000 during the month, a reversal from the 133,000 decline in February and better than the Dow Jones consensus estimate for 59,000, the
A U.S. Air Force F-15E Strike Eagle on 16 July 2020. Nurphoto | Nurphoto | Getty Images One crew member was rescued Friday after Iranian forces shot down a U.S. fighter jet, MS NOW reported. The U.S. was searching for the second member of the F-15 aircraft’s crew, whose whereabouts were unknown, according to MS
In this image from police body camera video released by the Martin County, Fla., Sheriff’s Office, golfer Tiger Woods is taken into custody by sheriff’s deputies following a car crash in Jupiter Island, Fla., Friday, March 27, 2026. Martin County Sheriff’s Office via AP Golf legend Tiger Woods told a police officer that he spoke
The Trump administration on Thursday imposed new tariffs on branded drugs from pharmaceutical companies that have not struck deals with the president to lower their U.S. drug prices — a long-awaited move that will likely only affect a small portion of drugmakers. “We need to make sure that our drug supply is protected, secure and
An electric vehicle (EV) is left to charge at a charging station in Tehran on February 23, 2026. Atta Kenare | Afp | Getty Images The sprawling Middle East crisis is expected to spur drivers to abandon traditional internal combustion engine vehicles in favor of EVs, analysts told CNBC, although early evidence suggests this will
Oracle Corp. signage on the floor of the New York Stock Exchange (NYSE) in New York, US, on Wednesday, Dec. 31, 2025. Michael Nagle | Bloomberg | Getty Images Oracle stock traded slightly lower Wednesday as the multinational tech conglomerate looked to cut thousands of jobs to free up cash to build artificial intelligence data
Iran’s Islamic Revolutionary Guard Corps (IRGC) has threatened attacks on a swath of U.S. tech companies with operations in the Middle East, including Nvidia, Apple, Microsoft and Google. The IRGC warned on Tuesday that 18 tech companies would be considered as “legitimate targets” in retaliation for U.S. and Israeli strikes on Iran. Attacks on those
Microsoft CEO Satya Nadella speaks at the Microsoft AI Tour event in Munich, Germany, on Feb. 25, 2026. Sven Hoppe | Picture Alliance | Getty Images Microsoft just closed out its worst quarter on Wall Street since the 2008 financial crisis, as investors soured on the software giant’s prospects in artificial intelligence. The stock plunged
Elon Musk looks on as President Donald Trump speaks at the U.S.-Saudi Investment Forum at the John F. Kennedy Center for the Performing Arts in Washington, Nov. 19, 2025. Brendan Smialowski | Afp | Getty Images Judge Kathaleen McCormick of Delaware said Monday that she’s reassigning cases involving Elon Musk after the Tesla CEO accused
President Donald Trump speaks alongside entertainer Kid Rock before signing an executive order in the Oval Office of the White House on March 31, 2025. Andrew Harnik | Getty Images The U.S. Army is investigating the apparent flyby of that military branch’s Apache helicopters over the weekend at the Nashville, Tennessee, home of singer Kid
An old Soviet-era Lada car drives past a truck belonging to a private Cuban company (mipyme) parked in front of a gas station with an IsoTank of imported fuel in Havana on March 19, 2026. Adalberto Roque | Afp | Getty Images A Russian oil tanker carrying a humanitarian shipment of 100,000 tons of crude
Meta CEO Mark Zuckerberg leaves the Federal Courthouse in downtown Los Angeles after defending the company in a landmark social media addiction trial in Los Angeles, United States, on February 19, 2026. Jon Putman | Anadolu | Getty Images Over a decade ago, Meta – then known as Facebook – hired social science researchers to
The clock is ticking on the U.S.-Israeli war in Iran. The emerging view from oil industry executives and analysts is that the economic and market fallout from the war could escalate sharply if the Strait of Hormuz isn’t reopened within roughly the next one to three weeks. Even then, enough damage may have been done already
Travelers wait in line at a Transportation Security Administration (TSA) checkpoint at George Bush Intercontinental Airport (IAH) in Houston, Texas, US, on Thursday, March 26, 2026. Mark Felix | Bloomberg | Getty Images TOKYO/NEW YORK — Genevieve Price considers herself a great flight hacker. The 35-year-old naturopathic doctor based in San Diego usually buys basic
A Bank of America branch in New York, US, on Saturday, Oct. 11, 2025. Michael Nagle | Bloomberg | Getty Images Bank of America has agreed to pay victims of notorious sex offender Jeffrey Epstein $72.5 million to settle a class action lawsuit alleging that the bank facilitated his sex trafficking operation, a New York
A view of the site of a car crash on Jupiter Island in Florida involving Tiger Woods on March 27, 2026. Courtesy: WPTV-TV Golf legend Tiger Woods was arrested for a DUI after a rollover car crash in Florida on Friday, the Martin County Sheriff said. The crash occurred just after 2:00 p.m. ET on
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