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The Latest Breaking News on Business

Even Google doesn't have enough AI power — and that should worry all of us

Google reportedly couldn't meet Meta's demand for Gemini AI compute. It's another reminder that local AI may become one of the biggest trends in personal computing.

AI spending boom accelerates as Big Tech pours trillions into infrastructure

AI spending boom accelerates as Big Tech pours trillions into infrastructure

JPMorgan raised its AI capital spending forecast through 2030 as companies continue to expand AI infrastructure.

World's three largest memory chipmakers sued in US over DRAM supply shift to AI memory

World's three largest memory chipmakers sued in US over DRAM supply shift to AI memory

A class-action lawsuit has been filed in the US against Samsung, SK hynix, and Micron, accusing them of restricting traditional DRAM supply to prioritize AI-focused memory. Plaintiffs claim this led to price hikes for consumer electronics. However, experts are skeptical, noting the industry-wide shift to AI chips is a documented…

The Economic Times

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Gold poised for biggest monthly drop since 2008 amid Fed rate hike expectations

Gold prices are experiencing a significant monthly drop, nearing their largest decline since 2008. This downturn is driven by expectations of Federal Reserve interest rate hikes aimed at controlling inflation, fueled by rising energy prices. A strong US dollar further dampens gold's appeal as an inflation hedge, with traders anticipating…

The Economic Times

97,006 Jobs Cut in a Month as Amazon, Meta, and Groupon Join 2026 Layoff Wave

US employers cut 97,006 jobs in May 2026, the worst May since 2020, as AI was named the leading reason for a third consecutive month.

International Business Times UK

I knew we weren't crazy! Samsung, SK Hynix and Micron just got sued — accused of using 'AI' to fix prices and screw your wallet in RAMpocalypse

Samsung, SK Hynix, and Micron are facing a major federal class-action lawsuit alleging 2026 memory price-fixing. Here is what it means for your wallet.

SpaceX’s record-setting IPO is now fueling luxury home sales in Los Angeles

Thousands of people became millionaires after the company’s historic June stock offering

The Independent UK

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Oil Price Today (June 30): Brent crude falls to $72/barrel as investors await US-Iran talks

Oil Price Today (June 30): Brent crude falls to $72/barrel as investors await US-Iran talks

Brent crude futures dropped around 1% to $72.50 a barrel while US West Texas ‌Intermediate (WTI) crude futures ⁠fell around 0.7% to $70.28 per barrel, as seen at 7.20 am on Monday. Brent crude fell nearly 11% last week to mark its third week of loss after crude shipments through…

The Economic Times

Oil falls as investors focus on potential Iran-US talks in Doha

Oil falls as investors focus on potential Iran-US talks in Doha

Oil prices dipped as markets keenly watched potential U.S.-Iran talks in Doha, following recent missile exchanges that tested a fragile ceasefire. While investors express cautious optimism for de-escalation and a return to normal shipping through the Strait of Hormuz, uncertainty lingers. Middle Eastern producers are actively loading oil and LNG,…

The Economic Times

Gold set for fourth monthly fall on bets of Fed rate hikes

Gold set for fourth monthly fall on bets of Fed rate hikes

Gold prices tumbled over 1% on Tuesday, heading for a fourth consecutive monthly drop. Shifting from Middle East concerns, the market now anticipates U.S. interest rate hikes to combat inflation. This outlook, coupled with a strengthening dollar, is weighing heavily on the precious metal. Investors are keenly awaiting upcoming U.S.…

The Economic Times

Samsung, SK hynix, and Micron sued over alleged DRAM price fixing amid record memory costs — lawsuit claims coordinated HBM shift was cover to curtail DDR3 and DDR4 production

Samsung, SK hynix, and Micron sued over alleged DRAM price fixing amid record memory costs — lawsuit claims coordinated HBM shift was cover to curtail DDR3 and DDR4 production

Samsung, SK hynix, and Micron were sued on June 25th in the U.S. District Court for the Northern District of California.

Tom’s Hardware

"We are carefully monitoring the market": As Xbox prices increase, PlayStation maker Sony says it doesn't want "to sell hardware at significant losses"

"We are carefully monitoring the market": As Xbox prices increase, PlayStation maker Sony says it doesn't want "to sell hardware at significant losses"

PlayStation manufacturer Sony says it doesn't want "to sell hardware at significant losses" after Microsoft raises its Xbox console prices.

Windows Central

Palo Alto Networks Continues Perfect Execution Amid AI Risks. Here’s What to Know Before Buying PANW Stock at a Questionable Valuation.

Palo Alto Networks Continues Perfect Execution Amid AI Risks. Here’s What to Know Before Buying PANW Stock at a Questionable Valuation.

As PANW enables enterprises to respond to cyber threats quickly and safely, questions remain on its high valuation.

Corn Falling Below $4 on Monday

Corn Falling Below $4 on Monday

Corn futures are facing sharp losses on Monday, as long head for the exits ahead of USDA’s report on Tuesday, with midday losses down 13 to 14 cents. July future’s first notice day is on Tuesday. The CmdtyView national average Cash Corn price is 13 1/2 cents lower at $3.73....

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International Business Times

Jet Fuel Prices Are Falling But Air Fare Remains At Record Highs, Report Shows

Jet fuel prices have dropped about 40% from their April peak through June 25, yet ticket prices are now between 15% and 20% higher than they were a year ago.

Everybody Loves Your Money

Rental Lease Clauses That Can Affect a Household Budget More Than Rent

A monthly rent number often looks like the biggest expense on a lease, but that figure rarely tells the full story of housing costs. Many renters focus on rent alone and miss the fine print that quietly shapes what actually leaves a bank account each month. Lease agreements often include…

Mark Cuban Outlines ‘Multiple Ways’ AI Industry Could Collapse If People View It As ‘Toxic’ — But The Billionaire Remains Bullish

Mark Cuban says AI could collapse if users view leading models as “toxic,” but remains bullish long term, arguing adoption—not spending—will determine the industry’s future.

What to Expect From Freeport-McMoRan's Q2 2026 Earnings Report

Freeport-McMoRan is projected to announce its second-quarter results soon, with analysts predicting a double-digit increase in the company's earnings.

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Earnings Preview: What To Expect From NVR, Inc.'s Report

NVR, Inc. is set to announce its second-quarter earnings soon, and Wall Street expects the company’s EPS to fall by double digits.

The Independent UK

Bitcoin plunges to year-low price as ‘crypto winter’ descends

More than $2 trillion has been wiped from the crypto market since its peak

What to Expect From Packaging Corporation's Next Quarterly Earnings Report

Packaging Corporation is set to announce its second-quarter earnings next month, and Wall Street expects the company’s EPS to fall by a single digit.

International Business Times

Managing Market Volatility in Agriculture: Inside Texas Hedge Risk Management's Independent Model

Texas Hedge Risk Management focuses on identifying opportunities within existing exposure, helping clients take a more proactive stance in managing outcomes.

Corn Falling Lower to Start the Week

Corn is falling back in early Monday trade, down 7 to 8 cents so far. Futures closed the Friday session mixed, with front months down ½ to 2 cents and deferred contracts for the 2027 crop steady to a penny higher. July options expired today, with first notice day on...

Soybeans Facing Monday Morning Weakness

Soybeans are showing losses of 6 to 9 ¾ cents early on Monday morning. Futures closed the Friday session with contracts steady to 1 ½ cents lower, as September was ¼ cent higher. July options expired today, with FND on Tuesday. July was up 3 ½ cents last week, with...

What to Expect From Philip Morris' Q2 2026 Earnings Report

Philip Morris is expected to announce its second-quarter earnings in July, and Wall Street expects the company’s EPS to increase by a single-digit percentage.

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