Nvidia Q1 results surpass expectations thanks to AI chip demand

May 21, 2026

Artificial intelligence chipmaker Nvidia’s quarterly results surpassed Wall Street’s expectations once again, fueled by massive demand for its high-end AI chips. The company said Wednesday it earned $58.32 billion, or $2.39 per share, in the February-April period, up from $18.78 billion, or 76 cents per share, in the same period a year earlier. Excluding one-time items, Nvidia earned $1.76 per share. Revenue jumped 85% to $81.62 billion from $44.01 billion. Analysts, on average, were expecting earnings of $1.75 per share and revenue of $78.91 billion, according to a poll by ...

US stocks fall further from their records after bond markets crank up the pressure

May 20, 2026

NEW YORK (AP) — The U.S. stock market gave back more of its record-setting rally Tuesday after bond markets rattled by high inflation cranked up the pressure. The S&P 500 fell 0.7% for its third straight loss since setting its latest all-time high. The Dow Jones Industrial Average dropped 322 points, or 0.6%, and the Nasdaq composite sank 0.8%. The declines followed mixed moves for stock markets abroad, while oil prices eased in their latest yo-yo move. Falling technology stocks in Asia dragged South Korea’s Kospi down 3.3%, but Germany’s DAX returned 0.4%. Tech stocks are ...

Federal court rejects Musk’s claims against OpenAI

May 19, 2026

OAKLAND, Calif. (AP) — A federal court on Monday dismissed claims filed against OpenAI and its top executives by Elon Musk, who accused them of betraying a shared vision for it to remain a nonprofit dedicated to guiding artificial intelligence’s development for the good of humanity. The nine-person jury found Musk waited too long to file his lawsuit and missed a statutory deadline. After a three-week trial, the jury deliberated less than two hours. Musk, the world’s richest man, was a co-founder of OpenAI, which launched in 2015 and went on to create ChatGPT. After investing ...

Older Americans say it’s a good time to find a job; younger people aren’t buying it, new poll finds

May 16, 2026

For years, younger Americans have been more optimistic about the job market than older Americans, even through the depths of the Great Recession. But in an abrupt shift, a new poll released Monday finds young people’s confidence has plummeted over the past two years — while their elders ...

Litco expands

May 16, 2026

LIBERTY — Litco International has relocated its crating division to a new 43,000-square-foot facility in the Ohio Commerce Center on Tod Avenue in Lordstown nearly tripling its previous 14,000-square-foot operation in Vienna to better serve customers with custom packaging and inventory ...

Business briefs

May 16, 2026

SAFETY AWARD BESTOWED: The Anderson-DuBose Company was named the recipient of the 2026 Joan Kovach Safety Leadership Award during a ceremony May 6 at the Youngstown Country Club. The Youngstown/Warren Regional Chamber’s Mahoning Valley Safety Council, in partnership with City Machine Technologies Inc., presented the honor. Named in memory of Joan Kovach, co-founder of City Machine Technologies, Inc., the award recognizes a company that demonstrates a strong commitment to workplace safety. At Anderson-DuBose, safety is built into daily operations through active leadership, ...