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Prices are displayed on a gas station sign in Washington, DC, USA on May 1, 2026.Annabelle Gordon ReuterLow-income consumers are compensating for higher gasoline prices by buying less, while higher-income consumers are not changing their behavior at all despite rising costs, according to a study released Wednesday by the New York Federal Reserve.In fact, during the energy price spike in March, households with annual incomes of less than $40,000 saw the smallest increase in gas spending of all income groups. The group accelerated nominal gas spending by just 12%, but this was the result of a 7% reduction in consumption,…
As the entire market faces geopolitical instability, Shell plc (SHEL)Like other large integrated oil companies, it has benefited from high oil prices and deserves investors’ attention. Despite the double blockade by both Iran and the US currently disrupting the Strait of Hormuz – the most significant energy supply disruption in modern history – Shell’s integrated model and large trading arm are positioned to grow. Even if ongoing negotiations lead to a detente, the logistics logjam will take several quarters to clear as energy prices remain structurally supported, not to mention the need to replenish strategic oil reserves. The world is…
The European Union flag flies in front of the European Parliament.Philipp von Dittfurt | DPA | Picture Alliance | Getty ImagesThe European Union is considering rules that would restrict member governments from using U.S. cloud providers to handle sensitive data, people familiar with the talks told CNBC.The European Commission, the EU’s executive branch, is scheduled to unveil a “Technology Sovereignty Package” on May 27, which includes a series of measures aimed at strengthening the EU’s strategic autonomy in key digital areas. As part of preparations for the package, discussions are underway within the European Commission about restricting the release of…
Tickets for games at other venues may be sold for more than face value on the official resale and exchange market.Published May 7, 2026May 7, 2026Tickets for World Cup matches in Toronto can now only be resold at their original price on the FIFA Marketplace, after soccer’s world governing body updated its policy to comply with the Ontario government’s recent ban on reselling tickets above face value for events.The new conditions, which took effect Wednesday, come a week after tickets for six games at Toronto Stadium were removed from the official market after the Canadian province passed its 2026 budget.Recommended…
A technician prepares a Delta Air Lines aircraft to refuel at Austin-Bergstrom International Airport on April 10, 2026, in Austin, Texas. Brandon Bell | Getty ImagesU.S. airlines spent 56.4% more on jet fuel in March than in February, the month after the U.S. and Israeli offensive against Iran began, according to U.S. government data released Wednesday. U.S. airlines spent $5.06 billion on fuel in March, up from $3.23 billion in February. It was 30% more expensive than what they paid in March 2025, according to the Department of Transport.Airlines have lowered their forecasts for 2026 or withdrawn them altogether, citing…
Castle’s 21 points and Wenban Yama’s 19 points led the Spurs to a 133-95 victory over the Timberwolves, giving the Knicks a 2-0 lead over the 76ers.Published May 7, 2026May 7, 2026The host San Antonio Spurs dominated the final three quarters en route to a 133-95 victory over the Minnesota Timberwolves, with Victor Wembaneyama scoring 19 points and grabbing 15 rebounds to tie the Western Conference semifinal series at one win apiece.San Antonio dominated the sixth-seeded Timberwolves in the second quarter, turning an opening seven-point lead into a 24-point advantage at halftime Wednesday.Julien Champagnie hit four 3-pointers on the night…
We spend so much of our lives performing on social media, curating our biggest hits and professional milestones. But where do we go when we really want to understand the world, or when we want to admit that we have no idea what we’re doing?As a data editor at Google, I spend every day looking at the world’s largest publicly available dataset. For me, it’s the brain of the world represented in data. It provides a unique window into what people have been thinking for the past 20 years.The data is definitely honest. The way we collectively search is not…
Earlier this week, five people from every layer of the AI supply chain gathered at the Milken Global Conference in Beverly Hills to discuss everything from chip shortages to orbital data centers to the possibility that the entire architecture behind the technology is wrong. On stage at TechCrunch: Christophe Fouquet, CEO of ASML. ASML is a Dutch company that holds exclusive rights to extreme ultraviolet lithography equipment that would not exist without modern chips. Google Cloud COO Francis D’Souza is overseeing one of the biggest infrastructure bets in the company’s history. Qasar Younis, co-founder and CEO of Applied Intuition, a…
Rebellious crowds gather in Tehran Rebellious crowds gather in Tehran 0:54 Crowds gathered in Tehran on Wednesday night, waving flags and chanting “Down with Israel” during a rally in support of the country’s leader. Music and singing filled the streets as Iranians waved their cellphones, pumped their fists in the air and held up pictures of Iran’s former supreme leader Ayatollah Khamenei, who was killed in a joint US-Israeli airstrike in February. Nahal Rahmatpour, an Iranian woman who was also at the rally, said, “Until the moment the leaders say, “We are here, we will protect the military.” Rahmatpour and…
Dario Amodei, co-founder and CEO of Anthropic, at the company’s Builder Summit in Bangalore, India, on February 16, 2026.Samyukta Lakshmi | Bloomberg | Getty ImagesAnthropic on Wednesday announced a deal with Elon Musk’s SpaceX to use all the computing power at the company’s Colossus 1 data center in Memphis, Tennessee.As part of the agreement, Anthropic will have access to more than 300 megawatts of computing power and has “expressed interest” in working with SpaceX to develop multiple gigawatts of computing power in space. Anthropic said the deal will directly increase capacity for paying Claude Pro and Claude Max subscribers.The deal…