Consumer confidence for May was much stronger than expected on optimism for trade deals

Consumer optimism got a much-needed boost in May on hopes for trade pace between the U.S. and China, according to a survey Tuesday. The Conference Board’s Consumer Confidence Index leaped to 98.0, a 12.3-point increase from April and much better than the Dow Jones consensus estimate for 86.0. Much of the positive sentiment, according to…

OpenAI CFO says AI hardware will boost ChatGPT subscriptions in ‘new era of computing’

OpenAI is betting a new “era” of computing will justify the company’s decision to spend billions of dollars on bespoke hardware to go with it, Chief Financial Officer Sarah Friar said. The artificial intelligence startup, best known for the ChatGPT chatbot, announced plans on Wednesday to buy iPhone designer Jony Ive’s devices startup io for…

Judge orders Trump administration to reinstate Education Department employees

Sarah Jo Marcotte, an educator from Vermont, holds a sign that reads “Here for my students!! Cuts Hurt.” outside of the U.S. Department of Education on March 20, 2025 in Washington, DC. Anna Moneymaker | Getty Images A federal judge ordered the Trump administration on Thursday to reinstate more than 1,300 U.S. Department of Education…

India’s lion population rises by a third | India News – Times of India

Representative Image (TNN) AHMEDABAD: India’s Asiatic lion population has increased by over a third to 891, according to a five-yearly census released on Wednesday, boosting efforts to conserve the vulnerable species.The Asiatic lion, which historically once roamed from the Middle East to India, is now reduced to an isolated population in a wildlife sanctuary in…

Who was nuclear scientist Dr MR Srinivasan, architect of India’s atomic power? | India News – Times of India

NEW DELHI: Dr Malur Ramasamy Srinivasan, a pioneering figure in India’s nuclear energy programme and former Chairman of the Atomic Energy Commission, passed away in Tamil Nadu’s Udhagamandalam on Tuesday at the age of 95. The veteran scientist leaves behind an extraordinary legacy of leadership and technical brilliance that shaped the country’s self-reliant nuclear capabilities.“His…

‘Misconceived’: SC junks pleas by Airtel, Vodafone for waiver of AGR dues | India News – The Times of India

NEW DELHI: In a setback to Airtel and Vodafone Idea, Supreme Court on Monday dismissed their plea for waiver of interest and penalty relating to adjusted gross revenue (AGR) dues, which are to the tune of Rs 80,000 crore.The order will also impact Tata Teleservices.The outstanding AGR following the original SC ruling in 2019 to…