US carriers spent $6.5B on fuel in April; global profit forecast is cut nearly in half

U.S. airlines spent more than $6 billion on jet fuel in April, up 78% from a year earlier despite using slightly less fuel, government data released Monday showed. Meanwhile, the airline industry’s top global trade group warned that soaring energy costs could nearly halve profits in 2026.

Pentagon labels Alibaba and BYD as aiding Chinese military

WASHINGTON (AP) – The Pentagon has added several prominent Chinese businesses, including the tech giant Alibaba, electric car maker BYD and search engine Baidu, to its list of Chinese military companies, preventing them from getting U.S. defense contracts.

Apple unveils an upgraded Siri voice assistant with new AI features

CUPERTINO, Calif. (AP) – Apple is expected to unveil new artificial intelligence features at its annual developers conference beginning Monday, which will be the last one featuring CEO Tim Cook before he turns his post over to John Ternus in September.

Editorials from The Washington Post, The Wall Street Journal, The Guardian and others

Excerpts from recent editorials in the United States and abroad:

Donald Trump, Bernie Sanders and Sam Altman are all talking about public ownership in AI

WASHINGTON (AP) – It was perhaps a surprising private overture from OpenAI CEO Sam Altman to Sen. Bernie Sanders.

Cuba opens hotel sector to management by Cubans after chains leave island

HAVANA (AP) – Cuba’s government said it is open to offering the management of its hotels to Cuban investors, both residents and those living abroad, following decisions by Spanish hotel chain Melia and other companies to withdraw or limit their operations on the island.

China can build humanoids at scale. The hard part is finding enough buyers

HONG KONG (AP) – Chinese-made humanoid robots are making waves with their ability to do backflips, direct traffic, and even make coffee as the companies developing them seek ways to expand and dominate the market.

AI companies are barreling toward huge Wall Street debuts

Some of the leading artificial intelligence companies are moving toward initial public offerings this year at eye-popping valuations. From Anthropic to SpaceX to OpenAI, tech giants are looking to take their shares public to access more capital in the race to shape the technology’s future.

The US job market is strong but many Americans are still frustrated

WASHINGTON (AP) – The American job market continues to show surprising strength – good news for President Donald Trump who has taken a beating in the polls over the surging gasoline prices that followed U.S. and Israeli attacks on Iran.