By Jack Guy, CNN

(CNN) — Hollywood star Cameron Diaz and her musician husband Benji Madden have annouced the birth of their third child, a boy named Nautas.

“Cameron and I are Happy, Excited, and feeling so BLESSED to announce the birth of our third Child, Nautas Madden. Welcome to the world Son,” wrote Madden, 47, who is a member of the pop-punk band Good Charlotte, in a post on Instagram Monday.

“We love life with our family – our kids are healthy&happy, and we are grateful,” he said, adding: “Having a blast… Sending all our best wishes – the Madden Family.”

Diaz, 53, who is best known for blockbuster movies such as “Charlie’s Angels” (2000), “Vanilla Sky” (2001) and festive favorite “The Holiday” (2006), commented with several heart emojis on the post.

In March 2024, the couple announced the birth of their son, Cardinal, in a similar Instagram post.

Madden and Diaz, who generally avoid the spotlight together, wrote in that post that “for the kids safety and privacy we won’t be posting any pictures.”

Diaz and Madden, who wed in 2015, announced the birth of their first child, a girl called Raddix, in January 2020.

In 2022, Madden posted a loving tribute to his wife to mark their wedding anniversary.

“Today 7 years married… Always dreamed of having a family like this,” he wrote in a post on Instagram. “Happy, peaceful, consistent, loyal and unconditional equally filled with passion and depth.”

CNN has contacted representatives of both Madden and Diaz for comment.

Diaz returned to the screen in January 2025 after a 10-year hiatus, appearing in the Netflix film “Back In Action” alongside Jamie Foxx.

“I loved those 10 years for me and my family,” she said of her time away from movie sets. “But I thought, ‘If I let this go away, if I don’t engage again, and if I don’t give it chance, I am a fool.’”

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By John Towfighi, CNN

New York (CNN) — Wall Street wants more proof that Big Tech’s enormous spending on artificial intelligence will pay off.

The largest US tech companies are on a spending spree to try and get ahead in the AI race. Amazon (AMZN), Alphabet (GOOG), Meta (META) and Microsoft (MSFT) continue to spends hundreds of billions of dollars on building out infrastructure to power the AI boom.

The four companies are collectively set to surpass $700 billion in spending on AI this year as they compete to becomes leaders in the industry.

But now, investors are scrutinizing spending plans that don’t have tangible results. It’s been a shift in the making as spending on AI has skyrocketed in recent years.

Wall Street last week got a look at the companies’ first quarter earnings. The market reaction underscored the scrunity: Alphabet shares jumped 10% after the company reported earnings. Meanwhile, Meta shares sank almost 9% after the company reported earnings.

Alphabet announced plans to raise its AI spending, but also exhibited an ability to monetize AI through ad revenue and demand for cloud contract services, with a backlog of deals valued at $460 billion, according to the company’s earnings results.

Meta also announced plans to raise its spending on AI by at least another $10 billion. But Meta didn’t display the same evidence of it paying off. Meta doesn’t have a cloud business like Alphabet or Microsoft, leaving it without that revenue stream.

Wall Street is now looking for clear AI winners and losers, as opposed to betting the rising tide will lift all boats.

“Looking ahead, careful selection in tech remains critical,” Seema Shah, chief global strategist at Principal Asset Management, said in a note.

Alphabet shares are up nearly 40% this year, making it the second most valuable company after Nvidia (NVDA). Meta shares are down 7% this year.

The onset of the war with Iran roiled global markets, but focus has now returned to AI as companies like Anthropic and OpenAI compete to develop superior models, tech companies continue to build out infrastructure and semiconductor chip stocks soar.

Microsoft shares dropped 4% and Amazon shares gained less than 1% Thursday after the companies reported earnings Wednesday, underscoring that investors are becoming less patient about spending that doesn’t bring immediate returns.

Alphabet, Amazon, Meta and Microsoft make up more than fifth of the S&P 500’s market value, and Big Tech’s spending has been so large that it has boosted economic growth.

Six months ago, concerns about an AI bubble dominated conversations about the market. Resurgent interest in AI has just helped propel the S&P 500 to its best month since November 2020. The AI story remains intact, investors say, but whether the major tech companies can get returns from their spending will dictate investors’ resolve.

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We begin Monday morning with some disorganized cloud coverage. An upper level low moves over the area by the afternoon, spinning up clouds and rain chances. most of the area is around 20-30% chance and all rain amounts will be light. Isolated and spotty showers can begin as early as breakfast and will last into Tuesday. High terrain areas will get the most rainfall and strongest winds. No Wind Advisories for our area, but expect very blustery beaches. Highs rise into the 60s for most.

We hold with spotty showers through Tuesday evening. Low pressure hovers around the Central Coast spinning up another round of weak and isolated showers and cloud coverage. This system will quickly move to the east by the evening, reducing our chances. Winds begin to due off as well. High temperatures remain cooler than average, expect 60s again.

We slowly warm up and dry out Wednesday. A gradual warming trend begins Thursday into the weekend. Expect mid 70s and mostly sunny skies back by the weekend.

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By Lianne Kolirin, CNN

(CNN) — Britain’s Princess Eugenie is expecting her third child with her husband Jack Brooksbank, Buckingham Palace announced on Monday.

The couple, who will welcome their new addition this summer, are already parents to two boys: August Philip Hawke Brooksbank, born in February 2021 and Ernest George Ronnie Brooksbank, who arrived in May 2023.

The royal statement, shared on social media, said: “Her Royal Highness Princess Eugenie and Mr Jack Brooksbank are very pleased to announce that they are expecting their third child together, due this summer.”

“August (aged 5) and Ernest (aged 2) are also very excited to have another sibling join the family.”

It went on to say that King Charles III, who will be the new baby’s great uncle, is “delighted with the news.”

The princess and her husband married at St. George’s Chapel in Windsor Castle in October 2018, just months after Eugenie’s cousin Harry, Duke of Sussex tied the knot with Meghan, Duchess of Sussex.

Eugenie, who is twelfth in line to the British throne, is the second daughter of King Charles’ disgraced younger brother, Andrew Mountbatten Windsor. The baby will be his fifth grandchild with his former wife Sarah Ferguson.

Good news has been in short supply for the royal family in recent months. Mountbatten-Windsor has been forced to give up his royal titles and also relocated from Royal Lodge in Windsor to the Sandringham estate in Norfolk.

In addition, the former prince is facing mounting pressure to answer more questions about his involvement with the late convicted sex offender Jeffrey Epstein. British police launched an investigation into claims of misconduct in public office and breach of official secrets after unearthed emails appeared to suggest the former prince shared confidential material with Epstein during the former’s tenure as UK trade envoy. Mountbatten-Windsor has previously denied any wrongdoing over his ties to Epstein.

Meanwhile, Ferguson is also believed to have been linked to Epstein, as shown in files released by the US Department of Justice.

Eugenie, 36, and her older sister Beatrice, 37, have been swept up in the scandal that has engulfed their family as a result of their parents’ ties to Epstein, although there is no suggestion of any wrongdoing on their parts.

CNN’s Max Foster and Lauren Said-Moorhouse contributed to this report.

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By Alexandra Banner, CNN

The Force is strong, readers. May 4 is known among devotees as “Star Wars Day,” when the famous movie franchise and its many TV spinoffs are celebrated. So whether you’re revisiting a classic or quoting your favorite line, may the fourth be with you today as you lean into your inner Jedi.

Here’s what else you need to know to get up to speed and on with your day.

1⃣ Hantavirus outbreak

A virus spread by rodents has killed at least three people aboard a Dutch-flagged cruise ship as health workers race to evacuate others showing symptoms. The World Health Organization says it is investigating a suspected outbreak of Hantavirus — a rare but potentially deadly pathogen that can trigger severe respiratory illness. Read more.

2⃣ Spirit Airlines shutdown

Spirit Airlines abruptly shut down operations and canceled all flights on Saturday, making it the first major US airline in 25 years to go out of business due to financial problems. Its demise has stranded thousands of passengers who have to adjust their plans and others with tickets for future dates. The budget carrier tried to reach a “Hail Mary” deal with the Trump administration, but a key group of creditors balked at the proposal. Read more.

3⃣ Iran war

President Donald Trump said the US will start guiding so-called neutral ships through the Strait of Hormuz today in a mission dubbed Project Freedom. US Central Command says it will provide military support, though a US official said the effort is not an escort mission. Iran, meanwhile, warned that “any foreign military force” will be attacked if they try to approach or enter the strait. Read more.

4⃣ Gas prices

As the war in Iran fuels instability in oil markets, the impact is hitting drivers fast: The national average gas price has surged to $4.45 a gallon, according to AAA. That’s $1.28 higher than this time a year ago — or up nearly 50% since the war began in February. Read more.

5⃣ Kentucky Derby

History was made at Churchill Downs over the weekend. Cherie DeVaux became the first woman trainer to win the Kentucky Derby as underdog Golden Tempo surged from the back of the pack to pull off a stunning upset victory. The breakthrough win caps one of racing’s most dramatic finishes and marks a milestone moment for the sport. Read more.

WATCH: Female trainer makes history at Kentucky Derby

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