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The Latest Breaking News on Business

Gap, American Eagle fall as brand troubles weaken annual forecasts

The results underscore a widening split in consumer spending, with record-low sentiment driven by the Iran war forcing lower-income households to cut back, even as higher-income shoppers remain selectively willing to spend.

The Economic Times

Why Signing a ‘Zero-Dollar’ Home Repair Contract Could Cost You Thousands

Home repair deals that advertise a “zero-dollar” contract often sound like a dream come true. No upfront payment, no initial bill, and repairs supposedly covered through insurance or future billing can feel like a stress-free win. Sounds perfect, right? Many homeowners jump in quickly, thinking they secured a risk-free solution…

Clever Dude

Dell shares soar more than 30% on strong earnings

Following robust financial results, Dell's stock soared, reflecting a successful pivot toward AI servers that has truly paid off, surpassing the company's historical reliance on PC sales. This evolution strategically positions Dell at the forefront of the booming AI infrastructure industry. Other server companies also enjoyed beneficial stock trends.

The Economic Times

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North Carolina Buyers Are Running Into a New Housing Cost They Didn’t Expect

Homebuyers across North Carolina continue to chase affordable properties in fast-growing cities like Raleigh, Charlotte, and Greensboro, but many discover an unexpected financial twist right after going under contract. The sticker price often looks manageable at first glance, especially compared to high-cost states, yet the monthly reality tells a different…

Everybody Loves Your Money

Americans Feel That Higher Salaries Aren't Catching Up With Inflation, Report Shows

Americans' wages have broadly kept up with inflation over the past quarter-century, but most feel that they are not enough when measured against recent price spikes, according to a new analysis.

Latin Times

The ‘Dormancy’ Recall: How the State Can Legally Claim Your Idle Accounts Under Unclaimed Property Laws

You may think an old savings account, forgotten paycheck, or unused brokerage account simply sits untouched forever. In reality, state governments can legally take custody of dormant assets under unclaimed property laws. This process, called escheatment, affects millions of Americans every year, often without them realizing it until they search…

Budget and the Bees

Dell stock skyrockets on AI demand: Can Dell become the next AI infrastructure giant as Wall Street rushes into Dell shares?

Dell Technologies shares jumped nearly 40% after AI server demand exploded, shocking Wall Street. The Dell stock rally came as AI server boom pushed revenue outlook to about $167 billion, far above expectations. Investors reacted to strong AI infrastructure growth, record AI orders, and rising data center demand. Dell earnings…

The Economic Times

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How Is Netflix’s Stock Performance Compared to Other Entertainment Stocks?

Netflix has lagged broader entertainment peers, yet analysts stay steady, suggesting patience could still reward long-term investors.

Barchart

Michigan Drivers Say One Everyday Car Expense Is Hitting Harder Than Gas Prices This Spring

Gas prices often grab the spotlight whenever drivers talk about money stress, but Michigan motorists now point to a different financial pressure that feels even heavier this spring. Everyday car ownership costs continue climbing in ways that quietly strain monthly budgets, especially for commuters and families who rely on their…

Everybody Loves Your Money

Workers need greater say over AI rollout, says TUC-backed report

Exclusive: IPPR thinktank calls for new measures to boost employees’ influence at ‘pivotal moment’ in history

The Guardian - UK

Google employee charged with using insider data to rig bets on Polymarket

US DoJ alleges software engineer Michele Spagnuolo, 36, earned $1.2m betting on Google’s most-searched list

The Guardian - US

East Texas could be the key to developing critical lithium supply for the U.S. military

Texas lawmakers proposed a bill to allow private-sector lithium mining companies to work on certain military bases.

The Texas Tribune

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

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The Economic Times

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.

TechRadar

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.

The Economic Times

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.

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Barchart

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...

International Business Times

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.

MarketBeat

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

International Business Times

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.

MarketBeat

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

Barchart

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...

Fortune

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.

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