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The Latest Breaking News on Business

Filing an Extension Doesn’t Protect You From Late Payment Penalties — Here’s What Does

Tax season creates a rush of confusion, deadlines, and last-minute decisions that often lead to costly mistakes. Many taxpayers assume that filing an extension buys extra time for everything related to taxes, including payments. That assumption leads straight into one of the most expensive misconceptions in personal finance. The IRS…

The Free Financial Advisor

US services activity heats up in May, beating expectations: Survey

US services sector activity expanded in May, exceeding expectations with the ISM index at 54.5%. While business activity and new orders grew, employment contracted for the third consecutive month. Rising input prices, driven by tariffs and the Iran conflict, reached their highest point since August 2022.

The Economic Times

Math Error Notices Are Spiking — Here’s What’s Actually Causing Them This Summer

Tax season may feel like it ends in April, but the IRS keeps working long after the deadlines pass. This summer, more taxpayers are receiving “math error notices,” and many of them are opening mail with a sinking feeling. These notices don’t always mean something dramatic, but they do signal…

The Free Financial Advisor

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Remember GoPro, the king of action cameras? The once-$11 billion giant is now fighting just to stay alive

GoPro bankruptcy risk: Once an $11 billion market cap giant, GoPro now faces an uncertain future. Its auditor raised "substantial doubt" about its ability to operate for the next 12 months due to operating losses, negative cash flow, and debt. The company is exploring a sale and other options to…

The Economic Times

Dollar General’s sales spike as ‘$100,000-plus cohort’ hit the value store due to soaring prices

The company’s $1 price point for certain items has been a “real savior” for the company’s core customers, the CEO said

The Independent UK

A Record Number Of Americans Are Taking Out 6-Year Car Loans

According to early 2026 data, nearly a third of buyers are relying on longer loan terms to afford new and used cars.

Motor1

Millions Of Americans Reported Identity Theft Last Year—This Free Credit Freeze Can Help Stop It

Identity theft keeps finding new ways to ruin a perfectly normal day. One minute everything looks fine, and the next, a credit card appears in someone else’s name, a loan application shows up unexpectedly, or a debt collector starts calling about an account that never existed. According to federal data,…

Everybody Loves Your Money

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Stock Market Flashes Dot-Com Bubble Warning Sign As AI Rally Narrows: Report

The S&P 500 closed at a record on the final trading day of May, but only 20 companies in the index also reached their own all-time highs.

International Business Times

Side Hustle Income From Last Summer Is Catching Up With Filers Right Now

Last summer’s extra income is finally showing up in a big way, and tax filers feel the impact right now. Gig apps, freelance platforms, and payment services now report earnings that many people forgot or underestimated. That forgotten weekend delivery shift or casual freelance project suddenly looks very real on…

The Free Financial Advisor

10 Everyday Things Most Americans Think They Own—Until They Read the Fine Print

Buying something usually feels simple. Money changes hands, a receipt lands in an inbox, and the item becomes part of everyday life. Most people never stop to wonder whether they truly own what they just purchased because ownership seems like a straightforward concept.

Everybody Loves Your Money

Up to 60% of Homes Are Overassessed — 7 Signs Yours Might Be and How to Fight Back

According to the National Taxpayers Union Foundation, an estimated 30% to 60% of properties in the U.S. are overassessed, leading many homeowners to pay inflated property taxes. However, fewer than 5% of homeowners challenge their valuations, despite success rates of 40% to 60% for proper appeals. Not taking the opportunity…

Everybody Loves Your Money

Meta Isn't Scrapping Its Controversial Employee Tracking Programme — Workers Just Won More Control

Meta's AI training software, designed to monitor employee activity, has raised privacy concerns. In response, Meta plans to introduce controls to address these issues, including data collection pauses.

International Business Times UK

Trump threatens tariffs on 60 trading partners including UK and Canada over ‘forced labour’

Proposal for 10-12.5% levies, to also include EU, Taiwan and Australia, would allow US president to skirt court-imposed limits

The Guardian - UK

Anthropic surges as OpenAI struggles to keep up

Stock market filing illustrates AI company’s meteoric rise, while California’s tech billionaires pour cash into elections

The Guardian - US

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Fortune

Iran War has cost U.S. families $100 billion between increased military funding and higher oil prices, finds Moody's

"With the saving rate about as low as it ever goes ... [consumers] will have little choice but to rein in their spending, weighing further on the already sagging economy."

International Business Times UK

Wiped Out by AI: How Oracle's Record-Breaking Profits Cost 30,000 Departing Workers Their Severance and Stock

Oracle Corp is executing its largest downsizing, cutting 30,000 jobs to fund AI expansion, despite strong financial results driven by cloud and AI growth.

The Economic Times

Global smartphone market faces record annual decline as chip crunch worsens

The global smartphone market faces its biggest annual drop ever. Shipments are expected to fall by nearly 14 percent this year. This is due to a severe shortage of memory chips. The impact is hitting budget phones the hardest. Makers are shifting production to more profitable chips. This makes cheaper…

Barchart

Berkshire Hathaway Agrees to Buy Taylor Morrison for $6.8 Billion. What This Means for TMHC Shareholders.

Berkshire Hathaway has agreed to acquire Taylor Morrison Home Corporation in an all-cash deal valued at $6.8 billion, offering $72.50 per share, a 24% premium to the prior closing price.

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TechRadar

Nvidia, SLB, Amazon, and Meta are the top companies adopting AI, but that doesn't mean they're seeing the benefits

The biggest AI investors are still struggling to deliver real ROI from artificial intelligence – smaller companies could struggle more.

Barchart

Dell Is the General Contractor of the Next Wave of the AI Buildout. DELL Stock Is Set to Win.

Dell's phenomenal Q1 earnings report reveals a tectonic shift in the AI market. As the ultimate "general contractor" of the new AI buildout wave, Dell is positioned to capitalize on infrastructure spending beyond Big Tech.

Barchart

Is Waste Management Stock Underperforming the Nasdaq?

Although Waste Management has considerably underperformed the Nasdaq recently, analysts remain moderately optimistic about the stock’s prospects.

Tom’s Hardware

SK hynix to double memory wafer capacity within five years, chairman says — AI-driven shortage will persist until at least 2030

SK hynix will double its memory wafer capacity within five years, SK Group chairman Chey Tae-won told reporters at Computex in Taipei on June 2nd.

TechRadar

Ohio suspends data center tax breaks after losing $1.5 billion in revenue – but ongoing projects will still get the benefits

Ohio State Governor puts a pause on data center tax exemptions as lawmakers review the losses, which were higher than projected.

MarketBeat

GitLab Q1 Earnings Call Highlights

GitLab (NASDAQ:GTLB) reported first-quarter fiscal 2027 revenue of $264 million, up 23% year over year, as executives pointed to enterprise demand, growth in dedicated deployments and early traction for its agentic AI products. Chief Executive Bill Staples said the quarter reinforced management’s v

Barchart

Nvidia CEO Jensen Huang Is Building the Future Faster Than Infrastructure Can Support It

Nvidia is accelerating AI innovation at an increasingly rapid rate, but memory shortages, rising power demands, and infrastructure constraints may make it difficult for the rest of the industry to keep pace.

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