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The Latest Breaking News on Business

Bitcoin consolidates near $73,600 as whale outflows hit highest level since February

Bitcoin hovered near $73,660 as whale outflows hit their highest level since February, adding to short-term selling pressure. Major altcoins saw mixed moves, with BNB, XRP, Solana, Dogecoin and Cardano gaining, while Tron slipped. Market sentiment remained cautious even as global crypto market capitalisation edged up to $2.47 trillion.

The Economic Times

Elon Musk Promised 1,000 Texas Robotaxis Last Year. It’s Nowhere Near That

The official count was revealed for the first time in registration information submitted by Tesla to the Texas DMV.

InsideEVs

US Stock Market: US growth revised lower; inflation remains elevated

The US first-quarter GDP growth was revised down to 1.6%, indicating a slowdown driven by weaker consumer spending and inventory investment. Meanwhile, April's inflation remained elevated, with the PCE price index rising 3.8% year-on-year.

The Economic Times

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Security teams can't keep up with how fast AI is cracking cloud security

Businesses are aware of AI-powered attacks, but their infrastructure can't keep up with the speed of change.

TechRadar

Pentagon awards $9.7 billion in contracts to Dell, Microsoft to provide software, stop license sprawl, and cut costs across military and intelligence networks

Dell has been awarded a contract to supply Microsoft 365 software and other services for the Department of Defense, the intelligence community, and the US Coast Guard.

TechRadar

Oil Price Today (May 29): Crude oil falls as peace deal hopes offset constant tensions. What are experts saying?

Oil prices saw a slight dip on Friday. Hopes for a U.S. and Iran ceasefire extension are influencing the market. U.S. Vice President JD Vance indicated progress but noted unresolved issues. Geopolitical tensions remain high. Analysts suggest a prolonged Strait of Hormuz closure could impact global oil markets significantly.

The Economic Times

Dollar Slides on Weak US Economic News and US-Iran Peace Hopes

The dollar index (DXY00 ) on Thursday fell from a 7-week high and finished down -0.18%. The dollar gave up early gains and turned lower today on weaker-than-expected US economic news that is dovish for Fed policy. Weekly jobless claims rose more than expected, Apr capital goods new orders nondefense...

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U.S. Fuel Trader Investigated Over Alleged Cartel-Linked Smuggling

A Texas-based fuel trader is under investigation in the United States and Mexico after documents allegedly showed a paper trail linking fuel shipments to a smuggling scheme tied to the Jalisco New Generation Cartel.

International Business Times

Dell Technologies Q1 Earnings Call Highlights

Dell Technologies (NYSE:DELL) reported what executives described as a record fiscal 2027 first quarter, driven by surging demand for AI servers, traditional servers, storage and commercial PCs, while warning that component supply remains the main constraint on further growth. Jeff Clarke said reven

MarketBeat

Gen Z Is Using AI To Gamble The Insurance System And Exposing a Broken System

A third of all consumers would consider using AI to digitally alter an insurance claim image or document in their favor, according to a March report from insurance data analytics company Verisk—but that number rises to 55 percent for Gen Z.

International Business Times

Applied Materials Bets AI Boom Will Drive Logic, DRAM and Packaging Growth

Applied Materials (NASDAQ:AMAT) Chief Executive Officer Gary Dickerson said artificial intelligence is driving a multi-year expansion in semiconductor manufacturing demand, with the company positioned around the areas he described as the fastest-growing parts of wafer fab equipment spending. Speaki

MarketBeat

Dollar Erases Early Gains on Disappointing US Economic News

The dollar index (DXY00 ) today fell from a 7-week high and is down -0.13%. The dollar gave up an early advance and turned lower today on weaker-than-expected US economic news that is dovish for Fed policy. Weekly jobless claims rose more than expected, Apr capital goods new orders nondefense...

Barchart

Starbucks quietly retired its AI agent just months after deployment after it hallucinated coffee shop inventories and slowed down baristas

“It started off not particularly accurate and got less accurate over time,” one Starbucks employee told Fortune.

Fortune

Microsoft Stock: Is MSFT Underperforming the Technology Sector?

Microsoft has underperformed the Technology sector over the past year, but analysts are highly optimistic about the stock’s prospects.

Barchart

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Do Wall Street Analysts Like NVR, Inc. Stock?

NVR, Inc. has underperformed the broader market over the past year, and analysts are cautious about the stock’s prospects.

The Economic Times

Gold rebounds after Iran and US reach outline ceasefire deal

Thursday saw a resurgence in gold prices, which jumped more than one percent as they bounced back from a two-month low. This recovery was fueled by the hopeful prospects of an extended ceasefire agreement between the United States and Iran. As the U.S.

International Business Times

Samsung AI Chip Workers Secure Massive Bonuses After Strike Threat In South Korea

Samsung Electronics workers in South Korea voted to approve a major compensation agreement tied to the company's booming AI semiconductor business after threatening to conduct a strike.

Motor1

Some Truck Buyers Won't Even Consider A Brand Without A V8

Even if they don’t commit to a V8 engine, Ram says that 40 percent of pickup buyers still want to see a V8 option.

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Saving Advice

6 Reasons Retirement Accounts Are Lasting Less Time Than Expected for Some Seniors

For years, many retirees believed that careful saving and following traditional retirement advice would be enough to make their money last comfortably through retirement. Unfortunately,...

Barchart

Is Alphabet Stock Outperforming the Dow?

Alphabet has outpaced the Dow Jones Industrial Average recently, and analysts are highly optimistic about the stock’s prospects.

Barchart

How Is Meta’s Stock Performance Compared to Other Internet Stocks?

Meta has trailed behind the broader internet industry recently, but analysts are highly upbeat about its future prospects.

The Independent UK

Family Dollar has closed hundreds of stores in recent months as inflation continues to squeeze customers’ budgets

In July, Dollar Tree sold Family Dollar for about $1 billion to Brigade Capital and Macellum Capital

MarketBeat

Kohl's Q1 Earnings Call Highlights

Kohl's (NYSE:KSS) reported what executives described as its strongest quarterly comparable sales performance in more than four years, as the retailer cited gains in proprietary brands, improved inventory management and stabilization among its Kohl's Card customers. On the company's first-quarter fi

AAP

Average US long-term mortgage rate climbs to 6.53%, the highest level in 9 months

The average long-term U.S. mortgage rate rose again this week, reaching its highest level in nine months, another setback for prospective homebuyers

Barchart

Is Johnson & Johnson Stock Outperforming the Dow?

Johnson & Johnson has outperformed the Dow Jones over the past year, and analysts remain moderately optimistic about the stock’s outlook.

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