Google is the king among search engines, but OpenAI is reportedly looking to launch an AI-powered search engine to rival the platform where "google" became a verb.  The announcement, first reported by Bloomberg, says OpenAI plans to announce its artificial intelligence-powered search product Monday, according to two sources familiar with the matterThe announcement could be timed a day before Tuesday's start of Google's annual I/O conference, where the tech giant is expected to unveil a slew of AI-related pr ...

Disney’s streaming service is making another move. After previously merging Disney+ with Hulu — giving its users full access to both streaming services under one app — on Wednesday, Disney Entertainment and Warner Bros. Discovery announced a new streaming bundle. The new bundle, which starts this summer, will include Disney+, Hulu and Max."On the heels of the very successful launch of Hulu on Disney+, this new bundle with Max will offer subscribers even more choice and value," said Joe Earley, President, Di ...

A FedEx Airlines cargo plane was forced to land in Turkey without the use of its front landing gear on Wednesday morning, May 8, the Turkish transport ministry said. Fedex Express Flight 6268, a Boeing 767, was flying from Paris Charles de Gaulle Airport to Istanbul Airport when it informed the Turkish traffic control tower that its landing gear failed to open. Airport rescue and fire teams prepared the runway and the tower instructed the plane’s crew to proceed with landing.Video of the landing, obtained f ...

Core Insights - Disney's combined streaming business, which includes Disney+, Hulu, and ESPN+, reported revenues of $6.19 billion with an operating loss of only $18 million in the second quarter, marking a 97% decrease in operating loss compared to the same period last year [1] - The entertainment streaming segment of Disney+ and Hulu achieved an operating income of $47 million, a significant turnaround from peak losses reported 18 months ago [1] - Disney anticipates profitability for its combined streaming business in the fourth quarter and expects further improvements in profitability for the following year, with a target of reaching this milestone in 2024 [2] Streaming Initiatives - Disney+ plans to implement a global password crackdown starting in September to prevent account sharing among non-household members [3] - The service will introduce an in-platform ESPN tile in the U.S. by the end of the calendar year, following the successful integration of the "Hulu on Disney+" feature for bundle subscribers [3] - Disney envisions its streaming business achieving double-digit profit margins in the future [4] Financial Performance - Overall, Disney generated $22.08 billion in revenue in the second quarter, an increase from $21.82 billion year-over-year, although it fell short of Wall Street estimates [5] - The company reported adjusted earnings per share of $1.21, exceeding the $1.10 estimate [5]

When it comes to America’s oil use and production, one major producer signaled that market uncertainty can’t pump the pipeline brakes. "Markets are relatively balanced. Demand growth is strong. Last year was all-time record demand. We'll see demand grow again this year," Chevron CEO Mike Wirth said on "Mornings with Maria" Tuesday. "So, the end of the oil age is not yet upon us."Wirth spoke with host Maria Bartiromo at the 27th annual Milken Institute Global Conference, where he detailed expectations for po ...

Despite signs that Americans are still craving their favorite burrito bowls and willing to pay extra for guacamole, Chipotle is carefully watching consumer behavior amid higher labor and menu costs. "The [California] minimum wage, higher minimum wage just took effect earlier this month," CFO Jack Hartung said on "The Big Money Show," Tuesday."We did take a modest price increase of 6 to 7%. We've been watching the traffic since we took the price increase. We're not seeing anything yet, we're not seeing any c ...

UnitedHealth Group CEO Andrew Witty revealed new details about the cyberattack on its Change Healthcare unit earlier this year, and said the company has been working around the clock to fully restore its systems following the widespread outages from the attack. In prepared remarks before the Senate Finance Committee on Monday, Witty said the perpetrator of the Feb. 21 hack was a cybercriminal known as Blackcat or ALPHV, confirming earlier reports that the ransomware group had taken credit for the attack. Th ...

Johnson & Johnson on Wednesday proposed a plan to pay nearly $6.5 billion to resolve tens of thousands of lawsuits claiming that its cosmetic talc-based powder causes cancer.  Through a bankruptcy filing of its subsidiary company, LTL Management, J&J will be able to resolve about 99.75% of the pending talc lawsuits against the company and its affiliates in the U.S. Courts have rebuffed J&J's two previous efforts to resolve the lawsuits through the bankruptcy of the subsidiary created to absorb the company's ...

Amazon.com reported record first-quarter sales as the AI boom powered growth in its cloud-computing unit, helping the company continue to shake off last year’s post-pandemic slump. Revenue rose 13% to reach $143.3 billion, an all-time high in the January-to-March period, and profit surged to $10.4 billion. Both figures exceeded Wall Street expectations. Amazon CEO Andy Jassy has significantly reoriented the company to focus on AI innovations since falling behind Microsoft, Google and other peers in the spac ...

Walmart announced Tuesday that it is launching its largest private food brand in decades to lure in more cost-conscious shoppers. The brand, Bettergoods, will encompass 300 items including frozen, dairy, snacks, beverages, pasta, soups, coffee and chocolate, the Arkansas-based retailer said. All the items will cost between $2 and $15; "most products" will be priced under $5, Walmart said. WALMART CLOSING 51 HEALTH CENTERS OVER LACK OF PROFITABILITYTo set itself apart, Walmart touted that Bettergoods isn't a ...