Tech giants report record AI spending exceeding $130 billion quarterly, while geopolitical tensions reshape energy markets and regulatory scrutiny intensifies across multiple sectors.

Google, Amazon, Microsoft and Meta reported combined quarterly capital expenditures exceeding $130 billion on AI infrastructure development, signaling an unprecedented commitment to data center buildout with no clear endpoint in sight.

The Federal Reserve held interest rates steady for its third consecutive meeting amid elevated inflation concerns, with Jerome Powell announcing he will remain as a Fed governor after his chair term ends, denying Trump a vacancy to fill.

The United Arab Emirates announced its departure from OPEC effective May, weakening the cartel amid global energy disruptions from the Iran conflict and reducing Saudi Arabia's geopolitical influence within the organization.

Bill Ackman's Pershing Square USA initial public offering raised $5 billion, marking a significant capital raise for the activist investor's new closed-end fund amid broader market activity.

Ford Motor expects a $1.3 billion federal tariff refund after the Supreme Court struck down certain tariffs, contributing to higher reported profits and signaling potential relief for other manufacturers facing similar issues.

Elon Musk testified in trial against OpenAI, claiming he was "a fool" to provide early funding and accusing CEO Sam Altman of misleading him, while OpenAI's legal team presented contradictory evidence during cross-examination.

Meta was forced by Chinese authorities to unwind a deal with a Chinese AI start-up, escalating geopolitical tensions between Beijing and Silicon Valley over advanced technology access and control.

Parents across major U.S. cities including Salt Lake City and New York are winning rollbacks of educational technology programs in schools, demanding greater oversight of digital tools used in classrooms.

Microsoft reported over 20 million paid Copilot users with strong engagement metrics, while Google Cloud surpassed $20 billion in revenue but noted growth constraints due to capacity limitations in AI infrastructure.

A Trump-branded nuclear power project at Fermi America has experienced dramatic stock price declines, raising investor concerns about the sustainability of the broader artificial intelligence boom and corporate governance issues.