Month: May 2026
How Rakuten built a tech empire by betting early on e-commerce, mobile and AI
Rakuten founder Mickey Mikitani reflects on building one of Japan’s most influential tech companies — and why he continues to make bold bets on telecom, AI and global growth. Rakuten began as an online marketplace at a time when few believed the internet could support a real business. Nearly three decades later, it has grown into one of […]
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Trump says U.S. will ‘free’ ships trapped in Persian Gulf by Strait of Hormuz closure
U.S. President Donald Trump speaks to reporters as he departs the White House on May 1, 2026 in Washington, DC. Anna Moneymaker | Getty Images President Donald Trump said Sunday that the U.S. will attempt to “free” stranded cargo ships that have been trapped by the Strait of Hormuz closure since the war with Iran […]
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Big Tech earnings show how big, smart spending can be rewarded by the market
I am growing tired of the endless bubble talk about all of the data center spending. It’s obvious from this quarter that the bubble talk has been proven wrong; try getting someone to say that, though. So, who do I think I am to go there? Just an observer. One who believes that this was […]
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Greg Abel earns solid scorecard from Berkshire shareholders after first annual meeting
Greg Abel, CEO of Berkshire Hathaway, speaks during the Berkshire Hathaway Annual Shareholders Meeting in Omaha, NE on May 2, 2026. CNBC OMAHA, Nebraska — In his debut running Berkshire Hathaway‘s annual meeting, Greg Abel delivered what many shareholders came to see: a steady hand, a firm grasp of the sprawling conglomerate and just enough of […]
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Pirro appears to drop plans to appeal criminal investigation of Fed Chair Powell
Jeanine Pirro is sworn in as the new interim U.S. Attorney for the District of Columbia during a ceremony hosted by U.S. President Donald Trump, at the White House in Washington, D.C., U.S., May 28, 2025. Leah Millis | Reuters U.S. Attorney for the District of Columbia Jeanine Pirro on Sunday appeared to abandon a […]
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Here are the 3 big things we’re watching in the stock market in the week ahead
The S & P 500 kept its record run alive last week, boosted by a strong batch of earnings reports that showed the artificial intelligence spending boom isn’t slowing down. Even more earnings are on the way in the coming week. Plus, the jobs market will be under the microscope. The market’s blistering rally in […]
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Pirro reveals new Trump attack evidence; Cole Allen challenges ‘suicide precautions’
From left, Acting Attorney General Todd Blanche, Jeanine Pirro, the U.S. attorney for Washington, D.C., and FBI Director Kash Patel conduct a news conference at the Department of Justice about Cole Tomas Allen, the suspect in the White House Correspondents’ Association dinner shooting, on Monday, April 27, 2026. Tom Williams | Cq-roll Call, Inc. | […]
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Trump says he is likely to reject Iran peace proposal as Tehran has ‘not yet paid a big enough price’
Motorists make their way past an anti-U.S. billboard referring to President Donald Trump and the Strait of Hormuz, installed on a building at the Valiasr Square in Tehran on May 2, 2026. A senior Iranian military officer said on May 2 that renewed fighting between the U.S. and Iran was “likely,” hours after President Donald […]
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OPEC+ announces 188,000 barrels-per-day output increase in first meeting without UAE
Jonathan Raa | Nurphoto | Getty Images OPEC+ has agreed an increase in oil output of 188,000 barrels per day, the cartel said on Sunday, as it pushes on with production in the first meeting since the loss of its key member, the United Arab Emirates. The group of seven major oil producers announced it […]
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