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The Latest Breaking News on Business

China’s Huawei to enter South Korean AI chip market with new Atlas SuperPods, clusters pack 8,192 Ascend 950 accelerators per deployment — reportedly challenges Nvidia dominance with 'tripled inference performance' of H20 at one-quarter the cost

Huawei is reportedly preparing to enter South Korea's AI accelerator market with its Ascend 950 chips and Atlas 950 SuperPod, challenging Nvidia through aggressive pricing, amid a broader push to expand its AI ecosystem beyond China

Tom’s Hardware

'The challenge is no longer only how much power is needed, but whether it can be delivered reliably': Report finds AI data centers are draining more power than the grid can provide

AI data centers are increasing demand for power, but they're also making it harder to predict how much is needed and when.

TechRadar

Wisconsin residents file class-action lawsuit against Microsoft's 'world's most powerful AI data center' due to data center noise — plaintiffs also mention construction noise and extreme light pollution from $7.3 billion facility

Wisconsin residents file class-action lawsuit against Microsoft due to data center noise — plaintiffs also mention construction noise and extreme light pollution

Tom’s Hardware

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Subscribers of YouTubeTV and DirectTV Stream may qualify to claim a settlement payment from Disney

Those eligible to receive part of the settlement money have to submit a claim by September 8, 2026

The Independent UK

Here's What to Expect From UDR's Next Earnings Report

UDR is gearing up to release its second-quarter results soon, and analysts are expecting a single-digit drop in earnings.

Barchart

Earnings Preview: What To Expect From Mid-America Apartment Communities' Report

Mid-America Apartment Communities is poised to release its second-quarter results later this month, with analysts expecting a single-digit decline in core FFO year-over-year.

Barchart

Flash Crash or Cash? The AI Hardware Reset Investors Can’t Ignore

A $137 billion memory-stock sell-off sparked AI supply glut fears, but sold-out HBM capacity at Micron and margin gains at SanDisk, Western Digital and Seagate suggest tight supply persists.

MarketBeat

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Your Roof’s Age Could Cost You $155 a Year—New vs. 15-Year-Old Roofs See Triple the Premium Gap

Do you think that your old roof is sitting up there doing its job? It might be doing something else too, quietly nudging your home insurance bill higher. According to recent home insurance projections, roof age plays a much bigger role in pricing than many homeowners realize, especially when comparing…

Clever Dude

Bitcoin Fell After Strategy Sold $216 Million Worth of It. Then Trump Said that He's 'A Big Crypto Guy'

The world's largest cryptocurrency initially tumbled toward the $60,000 mark after Strategy, the largest corporate holder of bitcoin, disclosed it had sold an additional $216 million worth of the digital asset. However, it rebounded after Trump touted it.

International Business Times

Mortgage Rates May Stay Above 6% Through 2028, Reuters Poll Finds

Americans hoping for significantly cheaper mortgages may have to wait longer than expected. A new Reuters survey of housing analysts forecasts the average 30-year fixed mortgage will remain in the mid-6% range through at least the end of 2026, with only modest improvement afterward. That means many buyers who have…

Everybody Loves Your Money

The AI Gold Rush Has an Adopt, Defend, Govern Problem

For the past two years, the corporate race has been defined by adoption. Boards wanted AI strategies. CEOs wanted productivity gains. Business units wanted pilots.

International Business Times

BitMine Added $73 Million In Ethereum While Strategy Sold Bitcoin For Dividends. Crypto Treasury Models Move In Opposite Directions.

Publicly traded crypto treasury companies took sharply different approaches to managing their digital asset holdings last week, with one expanding its Ethereum position while another reduced its Bitcoin reserves to meet corporate financial obligations.

International Business Times

America's Services Sector Kept Growing In June. But AI Data Centers Are Creating New Supply Shortages.

June's business surveys pointed to continued growth in the U.S. services economy, with hiring improving in one key measure while AI-driven demand continued to strain supplies of critical components.

International Business Times

United Airlines extends test pilot program that changes how you check your luggage

The ‘Twilight Bag Drop’ program officially debuted over the busy Fourth of July weekend

The Independent UK

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We Got This Covered

Kentucky Ford employee buys a $1.95 cookie. Then Ford accused him of stealing it and fired him

His bank statement cleared everything up.

The Google Home Speaker is already experiencing problems – and other devices are affected too

Users of the Google Home Speaker aren’t happy…

The Economic Times

Microsoft cuts 4,800 jobs as it revamps Xbox

Microsoft said Monday it was eliminating about 4,800 jobs -- roughly two percent of its global workforce -- in a cost-cutting move that will deliver a sweeping restructuring of its struggling Xbox gaming division. The cuts include the deepest overhaul in Xbox's history, with approximately 3,200 gaming jobs to be…

The Independent UK

Fuel prices got so high that people stopped going to the drive-thru as much: report

Even the likes of the Big Mac and Whopper didn’t stand a chance against soaring gas prices, with fast-food drive-thru customers falling 6.8 percent in May, according to research from data analysis firm Placer.ai.

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news in one place.

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International Business Times

Americans Are Becoming Less Social. The Decline Is Worse For Young People.

Americans are much less social than they were 20 years ago, with the steepest decline being recorded among young people.

Barchart

Earnings Preview: What To Expect From DexCom's Report

DexCom is expected to announce its second-quarter earnings soon, and Wall Street expects the company’s EPS to increase by a double-digit percentage.

The Independent UK

These five states offer the best terms for fast loans

Nearly 40 percent of Americans have a personal loan - and Midwest states is where that money will go the furthest

Barchart

What You Need To Know Ahead of Old Dominion Freight's Earnings Release

Old Dominion Freight is set to announce its second-quarter earnings this month, and Wall Street expects a double-digit rise in its profits.

The Economic Times

Microsoft joins AI-driven tech layoff wave with 4,800 job cuts

Microsoft is cutting approximately 4,800 jobs, representing 2.1% of its workforce. This move follows a wave of tech layoffs and significant AI infrastructure spending. The company faces pressure to demonstrate returns from its substantial AI investments. Microsoft's Azure cloud business sees growth, but data center costs are impacting cash flows.…

The Economic Times

SK Hynix's $28 billion US IPO to test its $1 trillion AI rally. Here's how

SK Hynix has launched a US share sale targeting about $28 billion through a Nasdaq listing, capitalising on AI-driven investor demand. The proceeds will fund semiconductor expansion, while the offering tests global appetite for high-growth AI infrastructure and chip companies.

The Economic Times

US service sector growth dips in June; employment rebounds after months of contraction

US services sector activity saw a slight dip in June as the impact of Middle East war-driven order rushes faded. However, employment rebounded strongly, signaling continued labor market stability. While new orders decreased, order backlogs grew. Falling oil prices helped slow inflation, though underlying price pressures persist due to AI…

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