Big Tech Rakes In the AI Revenue

P.M. Edition for May 1. Spirit Airlines prepares to stop operating after a government rescue falls apart. Journal reporter Alison Sider walks us through what happened and how Spirit changed the American travel industry. Plus, why some credit-card issuers are warning they’ll leave the state of Illinois. Ben Glickman, who covers payments, joins us to discuss the state law banning some credit-card fees that’s set this off. And after years of hope and disappointment, robotaxis are finally hitting the streets—at least, in some American cities. We hear from WSJ reporter Sean McLain about how the rollout is going and what’s next. Alex Ossola hosts. Sign up for the WSJ's free What's News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

A.M. Edition for May 1. American oil execs give Venezuela a second look as the resumption of direct flights to Caracas signals a major thaw in relations. Plus, in more evidence the Iran war is reshaping supply chains, Australia’s energy and climate change minister says he’s tracking down new oil suppliers and speeding up the country’s transition to renewables. And distillers across the pond cheer as President Trump says he’s giving the Scotch industry a break after a royal intervention. Luke Vargas hosts. Sign up for the WSJ’s free What’s News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

P.M. Edition for April 30. GDP rose 2% for the first three months of the year, rising from the previous quarter but not as fast as economists were expecting. Greg Daco, chief economist at EY-Parthenon, joins to discuss the business investments fueling that growth. Plus, U.S. national debt now exceeds 100% of GDP. Hear from Journal investing columnist Spencer Jakab on how that could affect government activity. And the latest tech giant reports: Apple profit margins and revenue top Wall Street expectations. Alex Ossola hosts. Sign up for the WSJ's free What's News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

Bonus Episode for Apr. 30. A surge in oil prices is weighing on profits from airlines. Financial results from American Airlines, JetBlue, United and Delta give insight into how the industry is passing on those higher fuel costs to consumers. Wall Street Journal airlines reporter Alison Sider discusses whether demand for travel is changing and the divide between budget airlines and the rest of the industry.  WSJ travel reporter Jacob Passy hosts this special bonus episode of What's News in Earnings, where we dig into companies’ earnings reports and analyst calls to find out what’s going on under the hood of the American economy. Sign up for the WSJ's free Markets A.M. newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

A.M. Edition for April 30. After several years of massive infrastructure spending, four of the biggest names in tech reported sales growth yesterday thanks to the proliferation of AI tools. WSJ deputy tech bureau chief Bradley Olson details how companies are dipping into their cash reserves and announcing layoffs to accommodate massive AI spending, and how investors are responding. Plus, the White House opposes Anthropic’s plan to expand access to its powerful Mythos AI model over security concerns. And can LIV Golf survive after Saudi Arabia pulls funding for the PGA Tour rival? Luke Vargas hosts. Sign up for the WSJ’s free What’s News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

P.M. Edition for April 29. In an unusual move, Federal Reserve Chair Jerome Powell said today that he plans to stay on the Fed’s board after his term as chair ends next month. WSJ economics reporter Matt Grossman explains Powell’s reasoning, and what divisions within the central bank could mean for interest rates. Plus a Supreme Court decision today limits how states use voters’ race to draw voting districts. James Romoser, who covers the Supreme Court for the Journal, says that could lead to a loss of Democratic seats in some states. And the Pentagon gives its first precise estimate for how much the Iran war has cost the military so far: $25 billion. Alex Ossola hosts. Sign up for the WSJ's free What's News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

A.M. Edition for April 29. President Trump instructs aides to prepare for an extended blockade of Iran, to compel the regime to give up its nuclear ambitions. Plus, tech stocks prepare to take center stage during earnings season as AI jitters resurface on Wall Street. And against a backdrop of consumer anxiety, Starbucks CEO Brian Niccol says a focus on experience and faster service is luring customers back to its coffee shops. Luke Vargas hosts. Sign up for the WSJ’s free What’s News newsletter. Correction: Mike Johnson is the House Speaker. An earlier version of this podcast incorrectly referred to him as the House Majority Leader. (Corrected on April 29) Learn more about your ad choices. Visit megaphone.fm/adchoices

P.M. Edition for April 28. The United Arab Emirates says it’s leaving OPEC. WSJ foreign correspondent Georgi Kantchev explains how the exit will affect the powerful oil cartel and energy markets. Plus, a Senate bill meant to create more homes isn’t law yet, but it’s putting a freeze on many developments in the burgeoning build-to-rent industry. We hear from Journal housing reporter Rebecca Picciotto about how this affects future home construction projects. And former FBI Director James Comey faces Justice Department charges for a second time. Alex Ossola hosts. Sign up for the WSJ's free What's News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

A.M. Edition for April 28. OpenAI is failing to hit revenue and user targets as it sprints toward an IPO. Plus, WSJ climate and energy reporter Ed Ballard explains why the Trump administration is paying two more companies not to develop offshore wind projects. And as AI continues to reshape the jobs market, we look at how internships are more important than ever - and becoming harder to find. Luke Vargas hosts Sign up for the WSJ’s free What’s News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

P.M. Edition for April 27. Prosecutors have charged 31-year-old Cole Allen, the suspect in the shooting outside the White House Correspondents’ dinner, with attempting to assassinate President Trump. Plus, an update from the middle of earnings season: first-quarter profits are expected to climb higher for big U.S. companies. Journal special writer Theo Francis helps explain how they’re navigating gloomy consumers. And would you pay $50 for a movie ticket? Entertainment reporter Ben Fritz joins to discuss why a certain kind of movie fan is doing it. Alex Ossola hosts. Sign up for the WSJ's free What's News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices