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Meta's AI Ambitions Tested by Soaring Costs and Legal Challenges
Meta shares slipped 0.9% as investors weigh $145B capex forecast against 33% ad revenue growth, while five publishers sue over AI training data.
Tesla Recalls 218,868 Vehicles in US; European FSD Approval Stalls
Tesla recalls 218,868 US vehicles over rearview camera delay. Stock slips 0.8% as European FSD approval faces regulatory hurdles.
SpaceX Launches 24 Starlink Satellites Amid Accelerating May Schedule
SpaceX launched 24 Starlink satellites from Vandenberg Space Force Base, landing the Falcon 9 booster on a Pacific droneship. The mission was the company's 55th launch of 2026.
Apple Settles $250M Siri Advertising Class Action Over Delayed AI Features
Apple will pay $250 million to settle a class action alleging false advertising for delayed Siri AI features, with eligible U.S. consumers receiving at least $25 per device.
XRP Holds Above $1.40 as ETF Inflows and Regulatory Hopes Collide
XRP traded near $1.43 early Wednesday, supported by $11.28 million in spot ETF inflows and renewed optimism over U.S. crypto legislation progress.
India Stocks Give Up Early Gains; Banks Rise on Credit Guarantee
Indian shares gave up early gains Wednesday, with the Sensex slipping 177 points. Banks and airlines rose on a new credit-guarantee scheme, while FMCG and oil-and-gas stocks fell.
FTSE 100 Bounces Back as Miners, Banks, and Diageo Lead Recovery
The FTSE 100 rallied 1.6% on Wednesday, recovering from Tuesday's drop, with miners, banks, and Diageo leading gains as oil prices eased and US-Iran talks progressed.
ASX 200 Surges 1.3% as Banks and Miners Rally Following RBA Rate Hike
Australian shares jumped 1.3% to 8,793.60, their highest close since early April, driven by gains in banks and miners after the RBA rate hike.