BUSINESS NEWS
- Encrypted texts reveal how Nvidia chips and U.S. tech are being smuggled to China and Russia
by Amanda Gerut on May 13, 2026 at 8:13 amAmerican-made tech components are being illegally smuggled to Russia, Iran, and China and lawmakers fear it could give them a battlefield edge.
- Frankenpipelines: Inside Trump’s bid to resurrect Keystone XL and stretch Dakota Access north
by Jordan Blum on May 13, 2026 at 7:06 amA patchwork of smaller, connected projects using existing pipe aims to resurrect Keystone XL and extend the Dakota Access Pipeline to Canada.
- Michael Burry, Paul Tudor Jones, and a Nobel-winner all see the same thing: A stock market reckoning
by Shawn Tully on May 13, 2026 at 7:00 amThe last time Shiller's CAPE index soared to 40, the market took 12 years to recover.
- Japanese snack giant resorts to black-and-white bags of potato chips as Iran War literally sucks color out of the world
by Marco Quiroz-Gutierrez on May 12, 2026 at 10:38 pmJapan gets 70% of its total imports of naphtha, a petroleum-based material used in printing inks, from the Middle East.
- Elon Musk, Tim Cook and Larry Fink expected to join Trump’s entourage to Beijing this week
by Michelle Chapman, The Associated Press on May 12, 2026 at 9:03 pmTrump leaves on Tuesday for Beijing to meet with President Xi Jinping, where they are expected to discuss trade and artificial intelligence.
- Sam Altman defends himself as a ‘honest and trustworthy businessperson’ in trial testimony detailing his past dealings with Elon Musk
by The Associated Press, Barbara Ortutay, Matt O'Brien on May 12, 2026 at 8:59 pmThe OpenAI CEO took the witness stand Tuesday to defend his business record in a trial that has invited further scrutiny of Altman’s leadership after testimony from former board members last week.
- ‘That doesn’t sound very healthy’: Amazon’s reported tokenmaxxing might gamify AI usage, analyst warns
by Eva Roytburg on May 12, 2026 at 8:59 pmAmazon employees are reportedly gaming internal AI leaderboards to inflate their token counts.
- DHS wants to build AI smart glasses using the facial recognition tech ICE agents already ‘could be’ using on Americans
by Catherina Gioino on May 12, 2026 at 8:09 pmBudget documents describe "operational prototypes" that would let immigration agents identify people on the street using biometric data.
- Delta CEO Ed Bastian asked AI to write his graduation speech—then scrapped it and warned Gen Z against ‘pushing the easy button’
by Preston Fore on May 12, 2026 at 3:10 pmAs AI reshapes the job market, Delta CEO Ed Bastian warned Gen Z graduates about over relying on the technology that lacks ‘soul.’
- Forget U.S. debt, China’s total borrowing is in ‘a league of its own’—much worse and deteriorating faster, analyst says
by Jason Ma on May 11, 2026 at 4:36 pmChina’s total debt across the public and private sectors is now 300% of GDP.