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The Latest Breaking News on Business

OpenAI CEO Sam Altman admits AI token costs are becoming 'a huge issue' — company seeks improved value as overspending becomes a meme

OpenAI's clients are complaining about out-of-control AI spending, and they're asking Sam Altman to make it more efficient so they don't blow their annual AI budgets in just one quarter.

Tom’s Hardware

Smaller Refunds Are Hitting Filers Who Made One Specific Change Last Year

Tax season keeps surprising millions of filers, and this year delivers a particularly frustrating twist for many households expecting a comfortable refund. Many taxpayers open their results only to find a much smaller number than they planned for, and the shock often traces back to a single decision made last…

The Free Financial Advisor

lululemon athletica Q1 Earnings Call Highlights

lululemon athletica (NASDAQ:LULU) reported modest first-quarter revenue growth but lowered its fiscal 2026 outlook, citing softer recent sales trends, negative media and social commentary around the brand, and product launches that did not meet expectations. Meghan Frank, interim co-CEO and chief f

MarketBeat

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Five Below ditched this shopping section – and sales improved. Here is the change

Demand for viral ‘squishy’ products also helped the discount retailer’s strong first quarter

The Independent UK

$2.1 Trillion Is Sitting in Lost Retirement Accounts—The Free Database That Could Help Seniors Find It

Did you know that there are tens of millions of retirement accounts sitting around that have been forgotten? All in all, it adds up to...

Saving Advice

Trump promised a ‘golden age’ for manufacturing. But jobs and plant construction are way down

‘It’s not this mushroom cloud of explosive growth,’ one executive said

The Independent UK

US mortgage rates are staying high – and the Fed can do very little about it

U.S. homebuyers can’t get a break.

The Conversation

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Amazon Engineers Slam Company's AI Data Center Spending Amid Ongoing Layoffs

Amazon engineers publicly criticized the company's aggressive investment in artificial intelligence infrastructure, noting that it is taking place at the same time as massive layoffs.

International Business Times

Walmart investors reject AI workplace report as automation expands in the US

Walmart investors on Thursday voted against a shareholder proposal asking it to report on how its use of AI is affecting the well-being of its workforce, according to preliminary voting results from the retailer's annual shareholders' meeting.

The Economic Times

Walmart CEO John Furner worked his way up from the garden center. After 30 years, he’s sharing the one trait that matters most in his job

After rising from hourly associate to CEO, Walmart’s John Furner says embracing change was key—a view shared by execs at Macy’s, Xerox, and Informatica.

Fortune

Middle-class Americans are ‘squeezing more life out of every dollar’ as credit card use increases and retail visits slow, Fed says

Behind the affordability crisis is the war in Iran which is driving up energy costs, the U.S. central bank said this week

The Independent UK

The $100 Grocery Cart Test: How Much Food Does It Buy in 2026?

A hundred dollars used to buy a full cart of groceries for a family, but today things look different. We took $100 to the store to see exactly how much food we could get in 2026. The results were surprising and demonstrate just how much inflation has impacted our ability…

Grocery Coupon Guide

Blackstone private credit fund caps withdrawals as redemption requests surge

After investors sought to pull out 10% of shares in the second-quarter tender offer, compared to 7.9% in the previous quarter, the $79 billion Blackstone Private Credit Fund limited withdrawals to 5%, the customary limit for these vehicles.

The Economic Times

Home Title Theft Complaints Have Surged 240% — And Paid-Off Homes Are Prime Targets

For many homeowners, paying off a mortgage feels like crossing the finish line. The monthly payments disappear, the debt vanishes, and the home finally belongs entirely to the owner. Unfortunately, that sense of security can create an unexpected vulnerability that criminals increasingly exploit.

Everybody Loves Your Money

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The Economic Times

US Supreme Court upholds SEC in fight over 'disgorgement' power

The justices, in a 9-0 ruling, upheld a lower court's decision that had endorsed a wide use of the SEC's disgorgement authority. ‌President Donald Trump's ⁠administration had ⁠defended the SEC in the case.

MarketBeat

How the Memory Shortage Is Crushing the Gaming Industry

Rising DRAM and NAND memory costs are pressuring margins at Nintendo and Sony while posing indirect launch risks for Take-Two Interactive's GTA6 release.

The Economic Times

Bitcoin price target: World's largest cryptocurrency could hit $100,000 even after June's crash but there is a warning too, says top crypto analyst

Bitcoin price today: The ⁠biggest crypto ⁠token has tumbled more than 15 per cent since Monday.

The Economic Times

US Stocks: Broadcom set to shed $300 billion in value as AI results fail to impress; shares fall 14%

The losses, if sustained, will erase more than $315 billion from the company's market value of about $2.268 trillion, in one of the biggest one-day wipeouts ever.

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Everybody Loves Your Money

Why Brand-Name Loyalty Is Costing You at the Grocery Store

Grocery bills continue to climb, and many shoppers feel the squeeze every time they push a cart down the aisle. While inflation often takes the blame, another factor quietly increases food costs week after week: brand-name loyalty. Many consumers automatically reach for familiar products without comparing alternatives, often paying significantly…

Barchart

Is Capital One Stock Underperforming the Dow?

Capital One is facing a rough patch as its shares lag the broader market. However, Wall Street still sees untapped potential ahead.

InsideEVs

Electric Trucks Have Failed Spectacularly In America. Here's Why Ford Is Trying Again

Ford says its upcoming electric truck has one job: to be a great vehicle first. The EV part is almost beside the point.

International Business Times

American Airlines Suspends Six Domestic Routes As Jet Fuel Prices Remain High

American Airlines has suspended six routes as jet fuel prices remain high due to the war in Iran.

MarketBeat

Transcontinental Q2 Earnings Call Highlights

Transcontinental (TSE:TCL.A) reported lower second-quarter revenue and slightly lower adjusted profitability from continuing operations, while management said it expects stronger results in the second half of fiscal 2026 following recent contract wins, cost reductions and the national rollout of its

MarketBeat

Canaccord Genuity Group Q4 Earnings Call Highlights

Canaccord Genuity Group (TSE:CF) reported a record fiscal 2026 revenue total and sharply higher adjusted profitability, as stronger capital markets activity and continued growth in wealth management helped offset uneven market conditions during the fourth quarter. Chairman and CEO Dan Daviau said t

The Economic Times

Broadcom set to shed $300 billion in value as AI results fail to impress

Broadcom shares dropped significantly after its AI chip business results missed high expectations. This decline affected other chip companies too. Despite the setback, Broadcom's long-term AI revenue forecast remains strong. Analysts are watching closely as the company navigates increased competition and investor sentiment.

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