US clears H200 chip sales to 10 China firms as Nvidia CEO looks for breakthrough
- 14-May-2026
The U.S. has cleared around 10 Chinese firms to buy Nvidia’s second-most powerful AI chip, the H200, but not a single delivery has been made so far, three people familiar with the matter said, leaving a major technology deal in limbo as CEO Jensen Huang seeks a breakthrough in China this week. Huang, who was […]
US drug overdose deaths dropped for third straight year in 2025, CDC data shows
- 14-May-2026
Drug overdose deaths in the US fell nearly 14% in 2025, the US Centers for Disease Control and Prevention (CDC) showed on Wednesday, marking a third consecutive year of declines. Here are some details: Nearly 69,973 people died from drug overdose in the U.S. in 2025, compared with 81,313 deaths estimated a year earlier, according […]
Pentagon strikes agreements with defense firms on containerized missiles
- 14-May-2026
The Pentagon is set to announce on Wednesday framework agreements that position it to potentially acquire over 10,000 low-cost, containerized missiles over three years starting in 2027. A statement seen by Reuters ahead of its release said that the Pentagon’s agreements are with Anduril, CoAspire, Leidos and Zone 5, and will together launch the “Low‑Cost […]
Hims & Hers misses revenue estimates as strategy shift hits sales
- 13-May-2026
Hims & Hers Health missed Wall Street estimates for first-quarter revenue and posted a surprise loss on Monday, as the telehealth company’s shift toward branded GLP-1 weight-loss drugs pressured its margins and domestic sales. Shares of the Hims & Hers company fell more than 12% in extended trading to $25.55, even as Hims raised its […]
Tesla’s robotaxi rollout features Texas-sized wait times
- 13-May-2026
When Tesla announced an expansion of its robotaxis to Dallas and Houston last month, some investors touted momentum for CEO Elon Musk’s mission to transform the electric-vehicle maker into an AI-powered, driverless-tech giant. Reuters reporters who recently tested Tesla’s robotaxis in those cities, however, found them to be still in a beta-testing phase. The service […]
US issues new sanctions over Iran’s oil shipments to China
- 12-May-2026
The US government on Monday announced sanctions against three people and nine companies, including four based in Hong Kong and four in the United Arab Emirates, for aiding Iran’s shipment of oil to China. The ninth company is based in Oman. The US Treasury move follows sanctions announced on Friday on individuals and companies aiding […]
Why millions of Americans pay for unfinished electricity projects
- 12-May-2026
Millions of Americans are unknowingly financing electric grid projects before they get any benefit. Policy-makers, in an urgent bid to overhaul the nation’s aging electric grid, are increasingly letting utilities charge customers for power plants and transmission lines long before they’ve been built, boosting near-term bills in exchange for promised savings decades down the road, […]
Spirit Airlines’ exit raises airfares
- 12-May-2026
The collapse of Spirit Airlines, one of the industry’s fiercest discounters, has given US budget carriers more room to lift fares, but its exit does little to fix the long-running strain on the cheap-flight model. The Florida-based airline ceased operations on May 2 after creditors failed to agree on a $500 million government bailout. Now, […]
US waits for Iran’s response
- 10-May-2026
A state of relative calm prevailed around the Strait of Hormuz on Saturday, after days of sporadic flare-ups, as the United States waited for Iran’s response to its latest proposals to end more than two months of fighting and begin peace talks. US Secretary of State Marco Rubio said on Friday that Washington expected a […]
Anger, confusion as Louisiana Republicans move to erase majority-Black US House district
- 10-May-2026
As a child, Leona Tate was one of the “New Orleans Four,” the first Black students to desegregate a public school in the deep South, enduring racial slurs and death threats as armed US Marshals escorted them to class. On Friday, more than six decades later, Tate told Republican state lawmakers that their proposal to […]