Reddit CEO Steve Huffman stands on the floor of the New York Stock Exchange after ringing a bell setting the share price at $47 in its initial public offering on March 21, 2024 in New York City. Spencer Platt/Getty Images Reddit beat expectations for its first financial quarter as a publicly traded company. Strong revenue growth and record user traffic sent the stock price up 16% in after-hours trading. R&D expenses were up four times compared to last year. Reddit just delivered a big first quarter as a newly public company. The social media platform beat analyst expectations Tuesday whe ..read more

Since leaving Google, Eric Schmidt has invested in tech and AI firms like Anthropic. Christian Marquardt/Getty Former Google CEO Eric Schmidt said the US is "way ahead of China" in AI development. Schmidt cited chip shortages and more English language material to train AI models. He also said China's reduced funding and focus on for-profit apps are barriers to its advancement. Former Google CEO Eric Schmidt thinks the US is "way ahead of China" when it comes to AI. "In the case of artificial intelligence, we are well ahead, two or three years probably of China, which in my world is an eterni ..read more

Fragments of what may be non-Russian missiles, which Russia used to attack the city are seen on January 6, 2024 in Kharkiv, Ukraine. Ivan Samoilov /Gwara Media/Global Images Ukraine via Getty Images About half of the North Korean missiles fired by Russia at Ukraine have failed, a Ukrainian official said. The missiles that failed flew off course and exploded in midair. Ukraine's top prosecutor told Reuters they're investigating missile debris.  About half of the North Korean missiles Russia has fired at Ukraine have failed, Ukraine's top prosecutor said, per new reporting. The high repor ..read more

A 5G wireless tower. Andrew Merry/Getty Images Generative AI is revolutionizing cybersecurity in connected networks. Companies that don't adopt AI risk falling behind in cybersecurity, IT experts warn. This article is part of "5G and Connectivity Playbook," a series exploring some of our time's most important tech innovations. Generative AI has become a double-edged sword for the security of connected networks. On one hand, generative AI can speed up cybersecurity problems, making it easier and cheaper for bad actors to conduct identity attacks. For example, it can be used to design sophisti ..read more

Donald Trump was forced to sit in a courtroom as Stormy Daniels took the stand. CHARLY TRIBALLEAU/Getty, Drew Angerer/Getty, Tyler Le/BI After nearly four hours of direct testimony, Stormy Daniels was cross-examined by a Trump attorney. 'Am I correct that you hate Donald Trump?" lawyer Susan Necheles demanded.  Other questions suggested Daniels lied about sex with Trump and tried to extort him. During a fiery cross-examination in the New York hush-money trial, porn star Stormy Daniels fought back against a defense lawyer's accusations that she has a vendetta against Donald Trump. "Am I ..read more

A courtroom sketch of Stormy Daniels on the witness stand in former President Donald Trump's hush-money trial. REUTERS/Jane Rosenberg Donald Trump's attorneys moved for a mistrial Tuesday over Stormy Daniels' testimony.  The judge quickly denied that motion and said the defense should have objected more.  Daniels, the porn star at the center of the trial, detailed the sex encounter she says she had with Trump.  Donald Trump's attorneys moved for a mistrial over Stormy Daniels' graphic testimony on Tuesday, but the judge swiftly denied that motion. New York Supreme Court Justic ..read more

Dior's Cafe des Lices in Saint Tropez. Ken Welsh/UCG/Universal Images Group/Getty Images Luxury fashion brands have been opening restaurants around the world. The move may help brands appeal to millennials and Gen Z, who increasingly value experiences over things. Here are six brands that have opened restaurants in the US, Europe, and Asia. In 1999, when designer Ralph Lauren opened his first restaurant concept in Chicago, industry analysts noted it was a novel concept but wondered about the wisdom of the brand getting into the notoriously challenging restaurant business. Twenty-five years l ..read more

Lewis Buckley (right) and Allan Wood (left), the entrepreneurs behind Hiizzy.com Hiizzy.com A $418 million legal settlement in March upended the residential real estate market. Self-representation is set to become more popular, with agent-free transactions. Startup Hiizzy is trying to capitalize on this shift by offering an online marketplace for buyers and sellers. In March, a $418 million legal settlement changed the real-estate market forever. Fat agent commissions are out. Representing yourself is in. If you want to fire your real-estate agent, the startup world is already working to hel ..read more

USC basketball player Bronny James. Christian Petersen/Getty Images Rachel Maeng Brown is a former NCAA rower who now works with student-athletes at her firm Gen Agency. The agency has provided NIL education and consulting to college athletes, collectives, and schools. Brown shared a presentation with five strategies to help athletes price and negotiate brand deals. Knowing your worth is a struggle many college athletes face now that they can make money from their name, image, and likeness, known as NIL. To help athletes understand their value, influencer-marketing-and-production company Gen ..read more

In this photo taken while zooming with a slow shutter speed Federal Reserve Board Chair Jerome Powell speaks during a news conference about the Federal Reserve's monetary policy at the Federal Reserve, Wednesday, Dec. 13, 2023, in Washington. Alex Brandon/AP Photo Economist Frances Donald told Bloomberg TV that a sharper Fed pivot is ahead. With a slowdown in the US labor market, two negative quarters of growth could hit at the end of the year. When that happens, the central bank will have to ease quickly and beyond what markets expect. Markets are right to price in a Federal Reserve policy ..read more