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By David Shepardson and Mrinmay Dey WASHINGTON (Reuters) -Billionaire presidential adviser Elon Musk on Thursday said a U.S. Federal Aviation Administration communications system operated by Verizon is months away from failure and putting air safety at risk. Verizon, which operates the largest U.S. wireless network, said it has only begun work on the system currently run by another company, and rejected the criticism by Musk, who owns the rival SpaceX Starlink satellite system. “The Verizon … Read more…

(Reuters) – Business software provider Salesforce forecast fiscal 2026 revenue below Wall Street expectations on Wednesday, weighed down by slower adoption of its artificial intelligence agent platform, sending shares of the company down around 4% in extended trading. The software-as-a-service pioneer is banking heavily on AI agents to reinvigorate growth at a time when other cloud firms, including Microsoft and Amazon, have firmly established themselves as leaders in the sector while making strides in machine … Read more…

By Max A. Cherney, Arsheeya Bajwa and Stephen Nellis (Reuters) – Nvidia forecast higher first-quarter revenue on Wednesday, signalling continued strong demand for artificial intelligence chips, and said orders for its new Blackwell semiconductors were “amazing.” The company’s forecast helps allay doubts around a slowdown in spending on its hardware that emerged last month, following Chinese AI startup DeepSeek’s claims that it had developed AI models rivaling Western counterparts at a fraction of their cost.  … Read more…

By Valerie Volcovici WASHINGTON (Reuters) – U.S. President Donald Trump on Wednesday said that Environmental Protection Agency Administrator Lee Zeldin is planning to cut 65% of his agency’s workforce, a move that came as a surprise to agency staff. Trump revealed the potential EPA staff reduction at the first meeting of his cabinet, where his downsizing czar Elon Musk pledged that he would move quickly to slash federal spending. “I spoke with Lee Zeldin, and … Read more…

By Shashwat Chauhan (Reuters) – Artificial intelligence-linked shares fell on Tuesday, in lead-up to AI bellwether Nvidia’s quarterly earnings, which could offer clarity on demand and justify the sector’s lofty valuations. Technology stocks globally sold off this week after a TD Cowen analyst note said Microsoft has canceled leases for sizeable data center capacity in the U.S., with at least two private data-center operators. AI-darling Nvidia dropped 2.1% ahead of its highly anticipated quarterly earnings … Read more…

By Jonathan Stempel (Reuters) – A federal judge on Tuesday said Meta Platforms must face a lawsuit claiming that the Facebook and Instagram parent prefers to hire foreign workers because it can pay them less than American workers. U.S. Magistrate Judge Laurel Beeler in San Francisco said three U.S. citizens who accused Meta of refusing to hire them though they were qualified may pursue a proposed class action. Meta and its lawyers did not immediately … Read more…

By Nate Raymond (Reuters) – A U.S. judge on Tuesday extended an order blocking President Donald Trump’s administration from instituting a sweeping freeze on trillions of dollars in federal funding by pausing grants, loans and other financial support.  U.S. District Judge Loren AliKhan in Washington wrote that while some funds had become unfrozen since she first temporarily blocked the administration’s spending pause, there remained a risk the administration might again try to shut off funding. … Read more…