Supreme Court Delay on Trump Tariffs Creates $130 Billion Trade Uncertainty

KEY POINTS  The US Supreme Court on Wednesday declined to issue a decision on legal challenges to former President Donald Trump’s April 2024 tariffs. Leaving businesses and international trade partners uncertain about the fate of his signature economic policy.  Observers now expect a ruling next week, possibly Tuesday or Wednesday, when the justices return to … Read more

Airbnb Taps Former Meta AI Leader Ahmad Al‑Dahle as Chief Technology Officer

KEY POINTS  SAN FRANCISCO — Airbnb has named Ahmad Al‑Dahle, former head of generative artificial intelligence at Meta Platforms, as its new chief technology officer, CEO Brian Chesky announced Wednesday.  The move comes as Airbnb intensifies its efforts to integrate AI across its platform, aiming to reshape travel search, booking, and personalized experiences. Airbnb’s appointment … Read more

Bank of America earnings beat estimates on stronger net interest income

KEY POINTS  Bank of America on Wednesday reported fourth quarter earnings that exceeded Wall Street expectations, lifted by stronger than anticipated net interest income and improved equities trading. Signaling renewed stability for large US lenders amid shifting interest rate expectations and steady consumer credit conditions. The latest Bank of America earnings provide an early snapshot … Read more

Intel stock jumps after analyst upgrade highlights data center AI demand and manufacturing gains

KEY POINTS  Intel stock rose sharply Tuesday after a KeyBanc Capital Markets upgrade cited surging demand from AI driven data centers. And what the firm called significant progress in the company’s manufacturing turnaround, signaling renewed confidence in the chipmaker’s ability to compete with industry leaders. The move in Intel stock came as Wall Street reassessed … Read more

Three Major Apps Go Down Within Hours, Fueling Global App Outage Fears

KEY POINTS  Reddit, social media platform X and UK based banking app Monzo were hit by separate outages within hours of each other on Tuesday, disrupting services across multiple countries and intensifying global app outage fears as users questioned whether the disruptions were linked. A wave of high profile outages across three widely used digital … Read more

Musk’s X Recovers After Outage, Thousands Report Issues on Downdetector

KEY POINTS  X, the social media platform owned by Elon Musk, recovered on Tuesday after thousands of users worldwide reported problems accessing the service, according to Downdetector.com.  The outage, which began around 9 am Eastern Time, disrupted activity in the United States, the United Kingdom, and Canada before gradually subsiding. The temporary interruption highlighted X’s … Read more

Scott Adams, Creator of “Dilbert,” Dies at 68 After Cancer Battle

KEY POINTS  PLEASANTON, Calif. — Scott Adams, the cartoonist and author who created the widely syndicated comic strip “Dilbert,” died Tuesday at his home in Pleasanton, California. He was 68.  His former wife, Shelly Adams, confirmed his death, noting that he had been under hospice care following a May 2023 diagnosis of aggressive prostate cancer. … Read more

X Outage Leaves Thousands of Users Offline Globally

KEY POINTS  GENEVA  — Social media platform X, formerly Twitter, experienced a widespread service disruption Tuesday, affecting thousands of users across North America, Europe, and parts of Asia. According to real time outage data from Downdetector. Users reported difficulties accessing timelines, posting content, and using direct messaging features. Downdetector logged over 22,900 user reports from … Read more