Stories from New York · United States

Technology stocks fell from recent record highs due to concerns regarding the artificial intelligence boom. These declines follow a Wall Street Journal report questioning OpenAI's weekly growth. Shares of major technology companies fell as investors scrutinized reliance on OpenAI to drive cloud ambitions. Nvidia, AMD, and Broadcom shares slid between approximately 2 and 4 percent. Nvidia-backed CoreWeave dropped nearly 6 percent. The market focus shifts to upcoming earnings results from several major AI-linked companies this week. Investors are scrutinizing reliance on OpenAI for cloud ambitions. The report raised questions regarding OpenAI's weekly technology use, revenue, and the ability of the AI leader to sustain spending on data centers. The stock's IPO price was 24.8. The surge follows a period of volatility in new stock listings.

The Port Authority plans to expand transponder use across its airports following a deadly crash at LaGuardia last month. The agency stated these devices provide air traffic controllers with additional visibility for tracking vehicles on runways. A preliminary report from the National Transportation Safety Board indicated the fire truck involved in the collision lacked a transponder. The move aims to improve safety protocols according to the agency. Officials have not specified the exact timeline for the rollout.

The defendant allegedly used this information to win more than $400,000 on the prediction market Polymarket. The case is being reported by CBS News. He was released from federal court in Manhattan on Tuesday on a $250,000 bond. His lawyer, Mark Garagos, represented him during the proceedings.

The Iranian delegation to the United Nations issued a statement on April 28 asserting Iran's right to take all necessary measures to respond to security threats within its territorial waters. The statement was made regarding Iran's status within the organization. No specific details on which convention were provided in the transcript.

Goldman Sachs has filed documentation with the SEC to launch a Bitcoin fund.

British photographer Giles Duley has opened a new exhibition on the Upper East Side of New York City. The retrospective showcases his photographic work in a Manhattan penthouse setting.

The MTA will implement shutdowns for a tunnel between Long Island City and Greenpoint to facilitate work on an island project capable of powering one million homes.

Nielsen has hired Julie DeTraglia to serve as the Head of Content and Strategic Insights. The appointment aims to bolster the company's strategic insight capabilities.

China's permanent representative to the United Nations, Fu Song, called for all parties to seize peace windows and maintain maximum restraint regarding the Israel-Palestine situation. The Chinese mission also hosted a launch ceremony for the Global Governance Initiative working group at the UN headquarters. This follows a World Bank report on April 28 projecting commodity market shifts despite potential supply disruptions in the Middle East. China has called for the reversal of the United Nations Interim Force in Lebanon's (UNIFIL) departure from the country. This plea comes as conflict between Israel and Hezbollah intensifies. China has urged the UN Security Council to send a strong signal regarding the protection of Lebanon's sovereignty, security, and territorial integrity.

The NBA is moving toward anti-tanking measures by proposing drastic changes to draft lottery odds. The NBA is changing its draft lottery rules to penalize teams that intentionally lose games to secure high picks. A new relegation zone will reduce the number of lottery balls assigned to the bottom three teams. The draft lottery will expand to include 16 teams. These changes may impact teams like the Washington Wizards, who are currently in a rebuilding phase with future pick swaps involving Phoenix. Rob Woodfork of WTOP reported on these upcoming seasonal changes. The NBA has circulated a potential new rule to alter the incentive structure of the draft lottery. Under the proposed plan, teams in the bottom three positions would receive fewer lottery balls. No specific timeline for implementation was provided.