For: May 29, 2026
>>Ahead Of The Bell
(New York, NY) -- The opening bell rings this morning after a strong trading day on Wall Street that saw all three major averages notch record highs. At the closing bell, the Dow Jones Industrial Average climbed 24 points to 50-668. The S&P 500 gained 43 points to 75-63. The Nasdaq rose 242 points to 26-917.
>>PCE Shows Prices at a Nearly 3-Year High
(Undated) -- A new inflation report says consumer prices were at their highest level in nearly three years in April. The latest personal consumption expenditures price index, which is the Federal Reserve's preferred inflation gauge, rose last month by an annual rate of three-point-eight-percent. That's up from three-and-a-half-percent in March and from two-point-eight-percent in February. The report marks the first since Kevin Warsh was sworn as Fed chairman.
>>Anthropic Valued At Nearly $1T
(San Francisco, CA) -- Anthropic is currently the world's most valuable artificial intelligence startup. The company reached a 965-billion-dollar valuation after announcing Thursday that it raised 65-billion-dollars from private investors. The announcement put Anthropic ahead of OpenAI, which reached an 852-billion-dollar valuation in March.
>>Waymo Rolls Out Ojai Fleet
(Undated) -- Waymo is rolling out a new ride to its fleet. The autonomous vehicle company announced that its Ojai [[ Oh - hi ]] vehicles are on the road and will be available to select passengers in Phoenix, Los Angeles and San Francisco. The robo-taxis are produced by Chinese-based carmaker Geely [[ jee-lee ]] and are larger than the current Jaguar models Waymo currently uses. They also feature automatic doors and a removable steering wheel. Waymo says Ojai rides will be offered to riders in Las Vegas, San Diego and Denver later this summer.
>>Groupon Slashing Workforce In AI Shift
(Chicago, IL) -- Groupon is slashing up to 400 positions in an attempt to rebuild as an AI-native company. According to a SEC filing, the move is set to slash nearly a fourth of the Chicago-based online marketplace's worldwide workforce and the company projected annualized savings of about 25 million dollars. Groupon plans to invest up to half of this year's projected savings into AI infrastructure. A spokesperson for Groupon explained that the layoffs are "operational" as the company looks to get ahead of the technology and it is intended to show merchants how to use AI as an actual partner.
>>Americans Savings Rate Lowest Since 2022
(Undated) -- Americans are setting aside far less of their income, with the savings rate hitting the lowest total since 2022. The Commerce Department reports that the personal saving rate dropped to under three percent in April, down from five and a half percent a year earlier. The decline comes with higher spending on gasoline and other energy goods, with average pump prices rising above four-20 per gallon amid the ongoing war in Iran. Those elevated energy costs have pushed inflation up to just under four percent. Federal Reserve Governor Lisa Cook said in a speech Wednesday that inflation is clearly moving in the wrong direction.
