Catch up quickly with the day’s most important and insightful stories. Our Stories of the Day category curates the standout articles across markets, economy, business, personal finance and innovation. Each post brings together multiple key developments, breaking news or deep-dive features chosen for their impact and relevance. It’s a fast, reliable way to understand what really matters today without scrolling through dozens of feeds. Whether you want a quick overview or a richer perspective, this section delivers the essential stories with context and clarity.
The S&P 500 reached a new all-time high of 7,420 as investor optimism around artificial intelligence and technology stocks continued driving the market higher.
Traders are increasingly positioning around the so-called ‘NACHO’ trade, betting disruptions in the Strait of Hormuz and elevated oil prices will persist longer than markets expect.
Elon Musk said xAI will be dissolved and absorbed into a new SpaceXAI division focused on artificial intelligence products. The move comes as Anthropic reportedly leases the Colossus 1 data center.
Uber shares rose after stronger-than-expected bookings guidance offset a $1.5 billion hit to net income from equity revaluations in Q1.
Intel stock jumped 12% to a record high, driven by AI chip optimism and reports of a potential Apple partnership. The rally has also boosted the value of major institutional holdings.
SanDisk shares reached a new record high, rising nearly 4,000% over the past year as demand for AI data center storage continues to outpace supply.
PayPal announced a strategic reorganization into three business segments, aiming to streamline operations and support future growth.
UBS reported an 80% surge in first-quarter profit to $3 billion, beating expectations as trading revenue strengthened performance.
Eli Lilly will acquire Ajax Therapeutics for up to $2.3 billion, strengthening its pipeline in blood cancer treatments.
Meta plans to cut about 10% of its workforce, or over 8,000 jobs, as it streamlines operations and offsets rising AI-related costs.
Warner Bros. Discovery shareholders approved a $110 billion merger with Paramount, advancing one of the largest media consolidation deals in recent years.
SpaceX is considering acquiring AI startup Cursor for $60 billion or pursuing a $10 billion partnership, as it expands its AI strategy ahead of a potential IPO.
Apple will appoint hardware chief John Ternus as CEO, with Tim Cook transitioning to executive chairman, marking a major leadership shift at the tech giant.
Tesla launched its robotaxi service in Dallas and Houston, marking a further expansion of its autonomous ride-hailing network in the U.S.
Dutch chip startup Euclyd is targeting at least €100 million in funding as Europe ramps up efforts to compete in the fast-growing AI semiconductor market.