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The Latest Breaking News on Business

Google’s Most Profitable Quarter Ever Ended With Negative Cash: One Number Explains It

Alphabet Inc. (NASDAQ:GOOGL) delivered the most profitable quarter in its history. It also delivered something it had never delivered before: negative free cash flow.

Benzinga

Millions of Americans Report Feeling Trapped In Their Jobs. They Don't Leave Because They Need The Health Insurance

Millions of Americans say they are trapped in jobs because they are afraid of losing their health insurance.

International Business Times

10 Auto Repair Estimate Questions to Ask Before Authorizing Work

Before authorizing auto repair work, ask more than, “How much will it cost?” A repair estimate can contain the difference between a manageable bill and a wallet-crushing surprise, especially when the shop discovers another problem after taking the vehicle apart.

Clever Dude

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Credit Card Rates Are Still Near 21%: 6 Balance Moves Households Should Review Before Charging More

Credit card rates remain painfully close to 21%, with the Federal Reserve’s latest FRED data showing an average rate of 20.94% for all commercial bank credit card plans in May 2026. That number turns a casual “put it on the card for now” into a decision worth examining before the…

Everybody Loves Your Money

From Weed to Whiskey: Is This the Supreme Court's Next Big Commerce Clause Case?

What’s at stake in Ream v. U.S. Department of the Treasury.

Reason

America's Shoplifting Problem Is Growing. Inflation May Be A Big Reason Why

A survey from LendingTree found that 30% of Americans admit they have shoplifted at least once, a sharp increase from 23% who said the same in its 2024 study.

International Business Times

Millionaires could dominate Texas’ crop of new Congress members

A Texas Tribune analysis found Texas' incoming U.S. House delegation stands to get wealthier, with a $3.34 million median net worth among the crop of potential new members.

The Texas Tribune

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Tesla’s profits slide despite growing revenue as it pivots to robotics and AI

Shares in Elon Musk company fall more 3% in after-hours trading, as earnings per share miss Wall Street expectations

The Guardian - US

Community colleges beat student outcome predictions. Now Texas can’t afford related incentives.

A formula designed to reward colleges for student success generated larger payouts than budgeted. Now, Texas’ higher education agency may limit how schools receive such funding.

The Texas Tribune

Exclusive: Startup Arrakis emerges from stealth with $38 million in funding to bring AI to industry

The company wants to bring agentic AI to aerospace, energy, logistics, and manufacturing.

Fortune

Will robotaxi be the next big trigger for Tesla? Here’s what Elon Musk said

Tesla is accelerating the rollout of its unsupervised robotaxi service in the US, with CEO Elon Musk outlining ambitious expansion plans while stressing safety as the company's top priority. Musk also reiterated that humanoid robot Optimus could become Tesla's biggest product as the EV maker doubles down on AI and…

The Economic Times

Intel CFO David Zinsner Said Supply Would Improve 'Through the Rest of the Year' — Q2 Earnings Will Test That

Intel Corp (NASDAQ:INTC) reports second-quarter financial results Thursday after the closing bell, with investors expected to look for updates on whether the company has started easing the supply constraints that executives said limited revenue in the first quarter.

Benzinga

Elon Musk Says Tesla's Spending Spree Is the 'Fastest Industrial Scale-Up Since World War II' as 2026 Shapes Up To Be a 'Massive CapEx Year'

Tesla Inc. (NASDAQ:TSLA) is increasing its capital and operating expenditure to achieve the most rapid industrial expansion in the U.S. since World War II, as revealed by CEO Elon Musk and CFO Vaibhav Taneja.

Benzinga

Google increases capex forecast again after cloud-driven earnings beat

The search giant now expects to spend between $195 billion and $205 billion in capital expenditures, its finance chief Anat Ashkenazi said on a conference call with analysts. The company said last quarter that it planned to spend between $180 billion and $190 billion this year.

The Economic Times

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The Economic Times

After 11 years at Kentucky Ford plant, diabetic worker was fired over a $1.95 cookie, later offered $33,000 in back wages after proving he paid, now plans to sue the carmaker

Kurt Kromm, a former Ford electrician, is suing after being fired for allegedly stealing cookies. He proved his payment with bank records, which led to an offer of back wages. Ford and Aramark are reviewing issues with their self-checkout kiosks. Kromm expressed disappointment with his union's lack of support during…

The Economic Times

Alphabet's quarterly earnings beat Wall Street estimates, but here's what is spooking investors

Alphabet announced strong second-quarter earnings, but its shares declined significantly. The company plans to substantially increase its capital expenditures for artificial intelligence. This massive spending hike comes as Google Cloud revenue saw substantial growth. CEO Sundar Pichai addressed concerns about Google's competitive position in the AI race. Investors and analysts…

The Economic Times

Uber cuts 10% customer service jobs as AI becomes latest driver of tech layoffs

Uber has cut 10% of its customer service workforce, marking the first time the company has directly linked layoffs to artificial intelligence. The move reflects a broader Silicon Valley trend as Big Tech firms including Amazon, Microsoft, Oracle and Meta restructure teams, automate work and accelerate AI adoption across operations.

Tom’s Hardware

Data centers forecast to use 20% of US power by 2035 — analysts estimate usage will rocket to 194 gigawatts, 83% more than forecast seven months ago

BNEF's December outlook put 2035 demand at 106 GW, and that figure was itself 36% above the projection the firm published in April 2025.

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Barchart

Data Center Costs Are Racking Up. What That Means for Oracle Stock Here.

Oracle might have to pay $7 billion in data center costs. Analysts are reacting by hitting the pause button.

TechRadar

Were younger workers right all along? New study claims Gen Z workers say they are far more productive at home

If Gen Z workers are to be believed, it seems that the modern workplace is actually unsuitable for productivity.

Tom’s Hardware

AI tech companies have ‘hidden debt’ worth around $1.65 trillion, report claims — amount is 122% of debt reflected on the balance sheets of Alphabet, Amazon, Meta, Microsoft, and Oracle

Five tech giants have $1.65 trillion in data center obligations that are listed off their balance sheets. These liabilities are added as footnotes in their quarterly statements but will become due and payable once these data centers start operating.

PC Gamer

Acer and Gigabyte will launch RTX Spark laptops too, but not before Microsoft and Co.

The first batch not including Acer and Gigabyte will launch this fall.

The Independent UK

Taco Bell continues to see traffic plummet as consumers fret over ‘explosive diarrhea’ outbreak

Other fast-casual chains — including those known for serving leafy greens — have also seen declines in foot traffic

The Independent UK

Cracker Barrel closes all locations of sister restaurant amid selloff

Maple Street Biscuit Company represented 2 percent of Cracker Barrel’s annual revenue

We Got This Covered

Ford worker was fired over a $1.95 pack of cookies. The company later offered him $33,000 to return — but now he’s considering a lawsuit

He was also disappointed with the union.

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