By Emma Tucker
There's a lot of debate on Wall Street still over whether or not we're in an AI bubble, and what happens if -- and when -- that bubble bursts. One group that isn't losing sleep over AI: the hedge-fund herd. Early bets on the stocks of chip makers and other AI hardware companies have just delivered stock-picking funds their best month in over two decades.
Today's Headlines
President Trump's meetings with Chinese leader Xi Jinping were billed as a gathering of superpowers to quell economic and trade disputes. But a warning by Xi regarding Taiwan has directly raised a point of tension.
The Iran war has deepened voters' anxieties about the cost of living, and the GOP is struggling to agree on a strategy to address the unease.
Former communications executive Denise Powell has been declared the winner of a close Democratic primary in Nebraska to run for the seat of retiring GOP Rep. Don Bacon.
Now that Kevin Warsh has been confirmed as Fed chair, we look at how eight tumultuous years pushed Jerome Powell and the central bank to the limit.
AI is making "A" grades easier to come by, a new study shows -- rendering them less useful to employers trying to size up college graduates.
Military snipers are being put out of a job by drones.
Live From The Markets
Crypto die-hards think they've found the next bitcoin.
Wall Street is betting on one company's blood tests that detect cancer returning in survivors, writes David Wainer.
Read It Here First
The reign of 'El Chapo' is over but the bodies keep piling up.
As the U.S. targets corrupt Mexican officials who aided the imprisoned drug lord's clan, a bloody civil war is raging for control of the Sinaloa cartel. It's a war that the Chapitos, the heirs of Mexican drug boss JoaquÃn "El Chapo" Guzmán, appear to be losing, casting doubt on the future of a dynasty that once ruled vast swaths of the criminal underworld on its way to becoming the world's top producer and smuggler of fentanyl. The fight among criminal pretenders to Guzmán's throne has unfolded like a Shakespearean drama, sparked by betrayal, ambition, greed-and rivers of blood, report José de Córdoba and Santiago Pérez.
China's best and brightest tech talent is going back to China.
For decades, making it in the U.S. was the ultimate sign of success for China's top graduates. Now, many of them are coming home -- and the reverse brain drain is fueling Beijing's efforts to edge out the U.S. in AI, robotics and medical research. An unprecedented jostling for AI talent among the richest companies and global superpowers has skyrocketed tech researchers to NBA and Hollywood levels of wealth and spurred a cutthroat recruitment blitz across the industry, report Hannah Miao and Jon Emont.
Expert Take
Q: How is the U.S. government responding to hantavirus?
The Trump administration's health officials are walking a tightrope on hantavirus: trying to avoid public panic and a repeat of what they view as pandemic-era missteps, while escalating the federal response to the threat, explain Sabrina Siddiqui and Jennifer Calfas.
A: The Centers for Disease Control and Prevention has increased the number of staff assigned to the effort from three late last week to around 100, according to internal CDC data viewed by the Journal.
The group working on hantavirus includes staffers from the agency's National Center for Emerging and Zoonotic Infectious Diseases, according to CDC employees.
The increase in personnel reflects mounting urgency inside the administration to contain a rare hantavirus outbreak aboard the cruise ship MV Hondius before it spreads further.
But lingering skepticism among some top health officials about strict Covid-19 pandemic measures has made the administration cautious about imposing quarantines or other restrictions for a virus known to be less transmissible, but more deadly, than Covid, according to people familiar with the matter.
On Monday, 18 passengers returned to the U.S. and 15 of them were taken to a specialized quarantine facility at the University of Nebraska Medical Center in Omaha.
American officials have said the risk to the general public remains low.
See The Story
What's the secret to their 40-year marriage? Nine gut renovations.
Ann and Mark Farrow are a real-estate wild card: always at home, never settled. Over 40 years, the couple has bought, gutted and lived in nine properties around Tulsa, Okla., totaling roughly $14 million in transactions and leaving behind a trail of reimagined floor plans and high-end finishes. While nine overhauls would send most couples to mediation, the Farrows view logistical nightmares as a shared thrill.
Happening Today
The U.S. will lead the next round of talks between Israel and Lebanon.
Closing arguments are scheduled to start in Elon Musk's lawsuit against OpenAI.
Economic data: Retail sales and the import/export price index for April will be published.
Earnings: Applied Materials, Versant Media, Klarna, Brookfield, Newsmax
Number Of The Day:
8%
Taking weight-loss drugs means eating less -- and for many Americans, dining out less, too. A Cornell University study found that households with at least one GLP-1 user reduced their spending at fast-food chains, coffee shops and quick-service restaurants by 8% within six months of starting on the drugs. Research shows that those on GLP-1s are denting the restaurant business by cutting back on visits, eating less and skipping alcohol. The developments are roiling restaurants as they also deal with rising costs and try to hold on to any customer they can.
And Finally...
No one cares about your GPA, and more career advice for new grads.
For all the talk about a tough job market and the threat AI poses to entry-level work, the unemployment rate for recent college grads is 5.6%. That's higher than the national average but hardly apocalyptic. So you're going to get hired sooner or later. For when that day comes, WSJ columnist Callum Borchers shares five things to know as you launch your career.
(END) Dow Jones Newswires
May 14, 2026 06:22 ET (10:22 GMT)
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