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The Latest Breaking News on Business

PayPal CEO Unveils AI Reset, $1.5B Savings Plan at Bernstein Conference

PayPal (NASDAQ:PYPL) President and CEO Enrique Lores outlined a broad operational and technology reset for the payments company at Bernstein’s 46th Annual Strategic Decisions Conference, saying the company has substantial opportunities to simplify its structure, modernize its technology platform and

MarketBeat

Google owner Alphabet to sell $80bn in stock to fund AI spending spree

Markets take note as world’s biggest equity fundraiser bids to garner more money than the three biggest-ever IPOs combined

The Guardian - UK

Tesla Is Selling Discounted Used Cybertrucks Now

The cheapest used Cybertruck in Tesla’s inventory is less than $67,000. Is that enough to convince buyers, though?

InsideEVs

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AI bubble or boom? Warren Buffett's Berkshire Hathaway invests another $10 billion in Google's parent, Alphabet

Berkshire Hathaway has agreed to invest $10 billion in Alphabet through a private placement as part of the Google parent’s $80 billion fundraising plan focused on AI expansion. The move deepens Berkshire’s exposure to artificial intelligence and signals confidence in Alphabet’s long-term growth despite ongoing debates over AI valuations.

The Economic Times

Bitcoin hits 7-week low near $70K amid escalating US-Iran tensions, early $744 million liquidated in 24 hours

Bitcoin prices crashed to near the $70,000 mark, hitting a seven-week low as escalating US-Iran tensions triggered risk-off sentiment across global markets. More than $744 million in crypto positions were liquidated in 24 hours, while ETF outflows and weakening market sentiment added pressure on the world's largest cryptocurrency.

The Economic Times

‘Utter disregard for the risk to human life’: Florida sues OpenAI and Sam Altman over AI safety

The US state of Florida has filed a lawsuit against OpenAI and Sam Altman, alleging the tech giant and its CEO put profit over public safety with its flagship artificial intelligence (AI) product, ChatGPT.

The Conversation

Trump administration proposes 25% tariff to punish Brazil over trade practices

The United States is proposing a 25% tariff on many imports from Brazil. This action follows an investigation into unfair trade practices. Issues include digital trade and illegal deforestation. The tariffs will not affect certain goods like beef and coffee. Public hearings are scheduled for July. This move could impact…

The Economic Times

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Did ChatGPT put children at risk? Why Florida has sued OpenAI and Sam Altman

Florida has sued OpenAI and CEO Sam Altman, alleging they knowingly marketed ChatGPT despite risks to children and the public. The lawsuit claims the company prioritized growth over safety, failing to implement safeguards for minors and contributing to harm, including self-harm and criminal planning. OpenAI disputes these allegations, citing its…

The Times of India

The launch date for Google's 'Home Speaker' might've broken cover

A retailer's online listing for the Google Home Speaker seemingly revealed its mid-June launch date.

Android Central

Alphabet plans to raise $80 billion for AI goals, Berkshire to invest $10 billion

The deal brings in Warren Buffett's diversified holding company as a major new investor, adding a high-profile endorsement of Alphabet's long-term AI and cloud ‌strategy.

The Economic Times

Warren Buffett’s successor reshapes empire with $10 billion AI gamble

Berkshire Hathaway’s new CEO Greg Abel started the week by inking a deal to acquire homebuilder Taylor Morrison for $6.8 billion, and he's followed that up on with a $10 billion investment in Google's parent company

The Independent UK

Oil steadies as uncertainty over US-Iran talks keeps markets on edge

Oil prices held steady Tuesday amid uncertainty surrounding U.S.-Iran ceasefire talks and the potential reopening of the Strait of Hormuz. Brent crude futures edged up, while WTI saw a slight dip. Market analysts emphasize that ongoing negotiations and Iran's threats regarding the Strait will dictate oil price volatility.

The Economic Times

The automation illusion: Why AI is making COOs' jobs harder, not easier

The executives responsible for keeping the world's biggest companies running thought AI would simplify their jobs. They were wrong.

Fortune

AI could automate 50% of enterprise data work in 18 months: Salesforce SVP Gaurav Pathak

Artificial intelligence is poised to automate half of enterprise data tasks within 18 months. Salesforce's Gaurav Pathak highlights AI agents handling data discovery, integration, governance, and quality. This shift allows employees to focus on strategic work. Indian enterprises are cautiously adopting AI, facing hurdles in business outcomes, governance, privacy, and…

The Economic Times

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MarketBeat

Hewlett Packard Enterprise Q2 Earnings Call Highlights

Hewlett Packard Enterprise (NYSE:HPE) reported what executives described as a record fiscal 2026 second quarter, with revenue and earnings exceeding the company’s outlook and management raising its full-year financial targets on stronger demand across networking, cloud and AI. President and Chief E

Barchart

Dell Stock Could Be Worth 30% More - Based on Strong AI Demand and FCF

Dell's 88% YoY Q1 gain and strong free cash flow (FCF) growth (+42%) pushed DELL stock up 32.8% on Friday, May 29. But it could be worth up to 30% more before buybacks, based on its strong FCF margins.

TechRadar

How fintech designed interoperable systems that actually work

Cross-network payments solved by stablecoins reveal strategies any tech company can adopt for efficiency.

The Free Financial Advisor

7 Money Habits Financial Advisors Say Are Quietly Costing Households Thousands Each Year

Small financial habits often slip under the radar, but those tiny leaks can drain household budgets faster than big obvious expenses. Financial advisors frequently notice that families focus on major bills while overlooking everyday decisions that slowly pile up into serious yearly losses. These habits rarely feel dangerous in the…

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The Independent UK

Berkshire Hathaway CEO signals strategy shift from Warren Buffett legacy with new deal

Berkshire Hathaway’s new chief executive, Greg Abel, has signaled a potential departure from Warren Buffett’s long-held hands-off operating model, following the announcement of a $6.8 billion acquisition of homebuilder Taylor Morrison.

Everybody Loves Your Money

Why More People Are Questioning Whether Their Paycheck Goes as Far as It Did Just Six Months Ago

A strange thing has happened in many households over the past several months. The paycheck arrives on schedule, the salary hasn’t changed much, and yet the money seems to disappear faster than ever. Grocery carts cost more to fill, utility bills feel heavier, and even routine errands seem to demand…

The Free Financial Advisor

New York Renters Say Their Budget Stretch Isn’t Coming From Rent Alone Anymore

New York rent grabs headlines for a reason, but the real financial squeeze often hides in plain sight. Renters across the city now watch their budgets tighten from dozens of smaller costs that pile up fast each month. Grocery bills climb, transit expenses jump, and utility charges refuse to stay…

Motor1

'Wasted A Ton Of Time': Driver Wants $60K Car. Then The Saleswoman Calls Them Out For Not Answering Most Crucial Question First

'I really hope I don't get in trouble.'

The Independent UK

6 million Carnival cruise travelers may have had their data leaked. Here’s what customers need to know

The cyberattack occurred in April after a hacker used social engineering to deceive an employee and gain access to the company’s IT system

Barchart

Option Volatility And Earnings Report For June 1-5

Earnings season is winding down, but we still have a couple of big name companies reporting. This week we have Broadcom, Crowdstrike, Palo Alto Networks, Medtronic and Ciena Corp all reporting.

MarketBeat

Are the 3 Newest Members of the $1 Trillion Market Cap Club the Latest Sign of an AI Bubble?

Driven by an AI memory chip shortage, Samsung, SK Hynix, and Micron have crossed $1 trillion market caps as the supply deficit is set to last through 2027.

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