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The Latest Breaking News on Business

A big look at the state of housing in America: Boomers won't sell, millennials can't buy, and Gen Z gets to watch the whole thing sort itself out

A new forecast says housing supply will finally outpace demand by 2035. Congratulations to everyone who wasn't born before 1997.

Fortune

Micron posts record results as AI boom drives 15-fold jump in net profit

The US chipmaker Micron Technology has reported quarterly revenue and profit far above Wall Street's expectations, as insatiable demand for the memory chips that power AI transformed the firm's fortunes.

Euronews

Price of 25-year-old DDR2 memory set to more than double — thanks to AI-driven RAM-armageddon

AI infrastructure demand is consuming advanced DRAM supply, pushing prices sharply higher across DDR4, DDR3, and even 25-year-old DDR2 memory generations.

TechRadar

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Brazil plans up to $735 million panda bond issuance, says finance minister

Brazil is set to launch its inaugural panda bonds, aiming to raise up to 5 billion yuan ($735 million). This significant debut marks Brazil as the fifth sovereign issuer in China's domestic debt market within a year. Finance Minister Dario Durigan stated the move is a crucial "test" to facilitate…

The Economic Times

Buy the dip, stay invested: Matt Orton sees more upside for global markets

Global markets are gaining traction as geopolitical worries ease and AI companies report strong earnings. Matt Orton of Raymond James highlights that receding oil prices and sustained AI optimism are turning market dips into buying chances. He emphasizes that while the US dollar's strength poses challenges for emerging markets like…

The Economic Times

Legal tech firm sues US over order limiting foreign access to top-tier Anthropic models

Legion LegalTech Corp, a legal tech firm based in the US, has initiated legal action against the federal government after a controversial directive mandated AI company Anthropic to restrict access to its advanced models for foreign users. Legion argues this mandate, issued by the Commerce Department, has significantly disrupted its…

The Economic Times

Anthropic says Alibaba illicitly extracted Claude AI model capabilities

US AI firm Anthropic has accused Chinese tech giant Alibaba of orchestrating the largest known attempt to steal its artificial intelligence capabilities. The company alleges Alibaba used nearly 25,000 fraudulent accounts to extract data from its Claude chatbot between April and June 2026, aiming to replicate its advanced AI model.

The Economic Times

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Gold extends losses on Fed tightening outlook, dollar strength

Gold prices tumbled to a seven-month low on Thursday, nearing $3,985 per ounce, as a robust dollar and anticipation of Federal Reserve interest rate hikes weighed heavily. Traders are factoring in multiple rate increases this year, with a significant chance of a September hike. Investors are now keenly awaiting key…

The Economic Times

Alera Group data breach settlement: Americans could get up to $3,500 in settlement payouts-know who’s eligible and the claim deadline

Americans have a limited window to claim up to $3,500 from a $2 million settlement with Alera Group Inc. The insurance firm faced accusations of inadequate data protection, leading to a breach in August 2024 that exposed sensitive personal information. To receive the maximum payout, individuals must provide documented proof…

The Economic Times

AI data center boom hits a human bottleneck — critical skilled labor shortages could slow deployment despite billions in funding

Data center construction is facing many challenges, and among them is a shortage of skilled hands to assemble the things.

Tom’s Hardware

4 Reasons Netflix Stock Is a Must-Own Now After the Plunge

Netflix stock hit its 52-week low today. Here are the four reasons why the stock looks like a good buy after the plunge.

Barchart

'Way out of line': The US government is being sued for executive order restricting foreign access to Project Glasswing

US government order caused Anthropic to pull Fable 5 and Mythos 5 for all users amid security concerns.

TechRadar

Agility Robotics heads to Wall Street in a $2.5B bet on staffing warehouses with humanoids

Agility Robotics, a maker of humanlike robots, is going public on Wall Street

The Independent UK

AI is helping gas stations collude to raise California fuel prices, lawsuit says

A federal lawsuit accuses gas station operators in California of using AI-powered software to illegally collude and raise prices

The Independent UK

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The Independent UK

Major gas stations are using AI to keep prices inflated, lawsuit says

The federal lawsuit claims major gas chains relied on an AI program that automatically pushed coordinated price adjustments directly to pumps and signs without human intervention

International Business Times

AI Sovereignty and the Implications of the US Export Restrictions

While the geopolitical implications of AI protectionism have been discussed at length, the economic importance of developing AI sovereignty has been greatly underemphasised.

The Economic Times

US new single-family home sales post second straight monthly decline

US new home sales unexpectedly fell in May for the second straight month, hitting a seasonally adjusted annualised rate of 580,000 units, the weakest since January, according to the Commerce Department. The decline was driven by high mortgage rates—around 6.47% for a 30-year loan—and elevated home prices, which continue to…

TechRadar

LastPass confirms data breach after hacker compromises supply chain — here's what we know

Plenty of personal data obtained, but passwords seem to be safe.

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Barchart

Why a $700 Dell Stock Price Isn’t as Crazy as It Sounds

Demand for Dell’s AI servers continues to outpace supply, and Dell is benefiting from a record backlog.

Barchart

NIKE Earnings Preview: What to Expect

NIKE is set to announce its fourth-quarter earnings this month, and Wall Street expects the company’s EPS to decrease by double digits.

The Economic Times

Musk’s SpaceX adds billions in debt while cutting interest

Elon Musk's SpaceX has successfully issued $25 billion in investment-grade bonds, a move that consolidates debt from X and xAI while lowering annual interest costs. This strategic financial maneuver leverages SpaceX's strong revenue streams from Starlink and government contracts to support the ambitious, cash-burning AI ventures.

The Economic Times

Meta, Microsoft lead $850 billion boom in data center leases

Tech giants Meta and Microsoft are pouring billions into future data center leases, pushing industry-wide commitments past $850 billion. Meta alone pledged an additional $79 billion, signaling massive AI infrastructure investment. Microsoft also added over $41 billion, despite capacity constraints. This surge highlights sustained, long-term spending on crucial tech infrastructure…

Everybody Loves Your Money

Insurance Now Eats 9% of the Typical Monthly Mortgage Payment — How to Keep Costs from Derailing Your Budget

For years, homeowners focused on mortgage rates, down payments, and property taxes when calculating the cost of owning a home. Now, another expense demands much more attention. Home insurance has become a larger piece of the monthly housing puzzle, and many homeowners feel the impact every time they review their…

International Business Times UK

The New Retirement 'Magic Number' Is Brutal: Americans Need $1.46 Million, but Most Are Far Behind

Americans now aim for $1.46 million for a comfortable retirement, driven by inflation and rising costs. However, many remain far from this goal, highlighting a gap between expectations and reality.

Reason

Polymarket's Alleged Fake Trades Don't Justify a Crackdown on Prediction Markets

A Wall Street Journal investigation uncovered $1.9 million in fake bets to market the platform. Punishing the prediction market industry isn't the answer.

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