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The Latest Breaking News on Business

From welder to wealthy: SpaceX IPO could make thousands of employees millionaires

The stock market debut of Elon Musk's AI and space company could make thousands of SpaceX employees significantly wealthier, including some of the firm's lowest-paid staff.

China's control over indium phosphide exports threatens AI data centre rollout

China's control over indium phosphide exports threatens AI data centre rollout

Anderson's visit was partly to raise the issue of delays in China's export licenses involving the highly strategic material, essential in manufacturing high-speed optical chips for AI data centres, said three sources familiar with the matter.

The Economic Times

This California city just approved the use of Flock drones as first responders, but residents are worried about 'militarization and surveillance'

This California city just approved the use of Flock drones as first responders, but residents are worried about 'militarization and surveillance'

Stockton, California, just invested millions of dollars in Flock drones to act as first responders.

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Dollar Recovers as Crude Surges and Stocks Slump

The dollar index (DXY00 ) on Wednesday rose by +0.06%. The dollar recovered from early losses on Wednesday and posted modest gains after crude oil prices surged. WTI crude rallied by more than 2% on Wednesday, boosting inflation expectations that could prompt the Fed to tighten monetary policy, a supportive...

Fable 5: Anthropic's latest AI model could transform IT, but at a cost

Anthropic's Fable 5 AI model showcases advanced agentic coding, capable of autonomous complex task completion and outperforming benchmarks. While its power promises to transform IT operations, high compute costs and token consumption may hinder widespread adoption. Experts note its enterprise-grade nature, comparing it to a powerful but costly tool.

The Economic Times

Direct Express Card Failures Are Leaving Some Recipients Without Access to Funds

For millions of Americans who rely on federal benefits, payday is not just another date on the calendar. It is the day rent gets paid, groceries get purchased, and prescriptions get filled. That reality makes recent reports involving Direct Express card failures especially alarming for recipients who depend on every…

The Free Financial Advisor

Is Kraft Heinz Company Stock Underperforming the Dow?

Kraft Heinz stock has lagged behind the Dow over the past year, and analysts remain cautious about its prospects.

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Is Diamondback Energy Stock Outperforming the Nasdaq?

Is Diamondback Energy Stock Outperforming the Nasdaq?

As Diamondback Energy has outpaced the broader Nasdaq Composite over the past year, Wall Street analysts remain strongly optimistic about the stock’s prospects.

The Small Subscription Charges That Add Up to Hundreds Each Year

The Small Subscription Charges That Add Up to Hundreds Each Year

It starts with a $4.99 streaming service, a $9.99 music app, or a $7.99 cloud storage plan. Individually, these charges seem harmless and barely register...

Stocks Again Drop After Trump Threatens To Further Escalates Hostilities With Iran

Stocks Again Drop After Trump Threatens To Further Escalates Hostilities With Iran

Stocks again dropped on Wednesday after Trump threatened to strike Iran "very hard."

International Business Times

Bitcoin price drop alert: Why is CryptoQuant predicting BTC USD to bottom near $53,600 as demand is collapsing? Here's what crypto traders need to know

Bitcoin price drop alert: Why is CryptoQuant predicting BTC USD to bottom near $53,600 as demand is collapsing? Here's what crypto traders need to know

Bitcoin price crash prediction 2026: Bitcoin hovers near a potential floor of $53,600, its realized price, but current market data suggests the bottom is not yet in. Demand has weakened significantly across spot, futures, and institutional ETF markets, with no clear capitulation in realized losses observed, indicating further downside pressure…

The Economic Times

The Refund You’re Owed When a Price Drops After You Buy

The Refund You’re Owed When a Price Drops After You Buy

Prices rarely stay still for long, especially during sales seasons, holiday promotions, and surprise flash deals. A shopper might buy a gadget on Monday and watch its price drop by Friday, which creates a frustrating feeling of missed savings. Many retailers and credit cards actually offer price protection programs that…

A 5-week course and a guaranteed job: Meta commits $115 million to solve the skilled-trades shortage stalling its AI build-out

A 5-week course and a guaranteed job: Meta commits $115 million to solve the skilled-trades shortage stalling its AI build-out

The investment is part of the company’s larger plan to spend $600 billion on its U.S. data center build-out by 2028.

Tesla Apparently Won't Let Cybertruck Buyers Transfer FSD Without Spending Another $20k

Tesla Apparently Won't Let Cybertruck Buyers Transfer FSD Without Spending Another $20k

Tesla's FSD transfer program terms changed and buyers of the new Cybertruck AWD trim found themselves being unable to move the software from their trade-in.

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The Economic Times

Gold slides 3% as Middle East escalation fuels inflation, rate-hike concerns

Gold prices dropped over 3% as escalating U.S.-Iran tensions fueled inflation and interest rate hike fears. Investors awaited key U.S. data, including the Producer Price Index, to gauge the Federal Reserve's monetary policy. Despite recent consolidation, inflation and central bank buying continue to support gold.

Exelon Stock: Is EXC Underperforming the Utilities Sector?

Exelon has underperformed the utilities sector, and analysts remain unsure about the stock’s outlook.

Is Consolidated Edison Stock Underperforming the S&P 500?

Consolidated Edison posted steady but slower gains. However, broader markets are outpacing it amid mixed performance and returns.

8 Reasons Your Car Insurance Went Up Through No Fault of Yours

Opening an insurance renewal notice and spotting a higher premium can feel like a punch to the wallet. Many drivers assume an accident, speeding ticket, or claim caused the increase. In reality, insurers often raise rates for reasons that have little or nothing to do with an individual driver’s behavior.

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The 12 Worst Cars for Retirees Who Want To Travel and Downsize

Auto expert Chris Pyle identifies 12 worst cars for retirees including Jeep Wrangler, Lincoln Nautilus, new trucks, Tesla and Rivian due to repair costs and depreciation.

International Business Times

Fewer Than 4 In 10 Americans Are Not Worried About AI Replacing The Job Of Someone In Their Household: Poll

More than half of Americans surveyed in a recent poll said they are afraid that AI could lead people in their household to lose their jobs.

Synchrony’s Comeback Is Hiding in Plain Sight

Synchrony Financial stock benefits from improving credit trends, strong earnings, and shareholder returns, though risks remain tied to economic cycles.

The Economic Times

US inflation hits three-year high at 4.2% in May amid high energy prices

America's consumer prices surged in May, reaching their highest in three years. This jump, fueled by rising gasoline costs due to Middle East conflict, gives the Federal Reserve reason to hold interest rates steady. Inflation is outpacing wages, impacting household finances. This economic trend presents challenges for President Donald Trump's…

International Business Times UK

Elon Musk's xAI and SpaceX Hit With Massive Lawsuit As 10,000 Residents Complain Of Losing 'Fundamental Peace'

Mississippi residents have filed a lawsuit against Elon Musk's xAI and SpaceX, claiming noise from a power plant has harmed their well-being and property values.

Chrysler Recalls America’s Only Plug-In Hybrid Minivan, Tells Owners To Park Outside

The automaker is advising Pacifica Plug-in Hybrid owners to refrain from charging their cars, as it could lead to a battery fire.

The Guardian - US

Think Musk the billionaire was bad? Brace yourself for Musk the trillionaire

Becoming the world’s first trillionaire is only going to supercharge this sense of impunity and bring us one step closer to full-blown oligarchy

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