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The Latest Breaking News on Business

Meet The 50 Robots That Replaced More Than 1,000 Factory Workers At General Motors

General Motors has introduced 50 collaborative robots at its Factory Zero plant in Michigan, resulting in over 1,000 job cuts and sparking criticism from labour groups.

International Business Times UK

What to Expect From Delta Air Lines’ Q2 2026 Earnings Report

Delta Air Lines is approaching earnings with strong momentum, steady analyst support, and investors watching whether the carrier can stay aloft.

Barchart

'Then Why You Got So Much Of It?': Elon Musk Trashed Online After Losing Trillionaire Status

Elon Musk has lost his brief trillionaire status after steep falls in SpaceX and Tesla shares cut his Bloomberg‑estimated net worth to about $957 billion.

International Business Times UK

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FedEx’s Earnings Drop May Be Missing the Bigger Freight Story

FedEx's structural improvements and divestitures have it on track to reduce debt and buyback shares, boost shareholder value, and drive its stock price upward.

MarketBeat

US renters call for action to combat surge of ‘take it or leave it’ apartment fees

Tenants push for tougher rules against unfair add-on charges. Industry players argue against policies that they say could limit the ‘effective use of fees’

The Guardian - US

Elon Musk loses trillionaire status as SpaceX and Tesla stock drops

Falling shares push tech mogul back down to billionaire ranks after SpaceX IPO made him world’s first trillionaire

The Guardian - US

A big look at the state of housing in America: Boomers won't sell, millennials can't buy, and Gen Z gets to watch the whole thing sort itself out

A new forecast says housing supply will finally outpace demand by 2035. Congratulations to everyone who wasn't born before 1997.

Fortune

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Micron posts record results as AI boom drives 15-fold jump in net profit

The US chipmaker Micron Technology has reported quarterly revenue and profit far above Wall Street's expectations, as insatiable demand for the memory chips that power AI transformed the firm's fortunes.

Euronews

Price of 25-year-old DDR2 memory set to more than double — thanks to AI-driven RAM-armageddon

AI infrastructure demand is consuming advanced DRAM supply, pushing prices sharply higher across DDR4, DDR3, and even 25-year-old DDR2 memory generations.

TechRadar

Brazil plans up to $735 million panda bond issuance, says finance minister

Brazil is set to launch its inaugural panda bonds, aiming to raise up to 5 billion yuan ($735 million). This significant debut marks Brazil as the fifth sovereign issuer in China's domestic debt market within a year. Finance Minister Dario Durigan stated the move is a crucial "test" to facilitate…

The Economic Times

Buy the dip, stay invested: Matt Orton sees more upside for global markets

Global markets are gaining traction as geopolitical worries ease and AI companies report strong earnings. Matt Orton of Raymond James highlights that receding oil prices and sustained AI optimism are turning market dips into buying chances. He emphasizes that while the US dollar's strength poses challenges for emerging markets like…

The Economic Times

Legal tech firm sues US over order limiting foreign access to top-tier Anthropic models

Legion LegalTech Corp, a legal tech firm based in the US, has initiated legal action against the federal government after a controversial directive mandated AI company Anthropic to restrict access to its advanced models for foreign users. Legion argues this mandate, issued by the Commerce Department, has significantly disrupted its…

The Economic Times

Anthropic says Alibaba illicitly extracted Claude AI model capabilities

US AI firm Anthropic has accused Chinese tech giant Alibaba of orchestrating the largest known attempt to steal its artificial intelligence capabilities. The company alleges Alibaba used nearly 25,000 fraudulent accounts to extract data from its Claude chatbot between April and June 2026, aiming to replicate its advanced AI model.

The Economic Times

Gold extends losses on Fed tightening outlook, dollar strength

Gold prices tumbled to a seven-month low on Thursday, nearing $3,985 per ounce, as a robust dollar and anticipation of Federal Reserve interest rate hikes weighed heavily. Traders are factoring in multiple rate increases this year, with a significant chance of a September hike. Investors are now keenly awaiting key…

The Economic Times

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The Economic Times

Alera Group data breach settlement: Americans could get up to $3,500 in settlement payouts-know who’s eligible and the claim deadline

Americans have a limited window to claim up to $3,500 from a $2 million settlement with Alera Group Inc. The insurance firm faced accusations of inadequate data protection, leading to a breach in August 2024 that exposed sensitive personal information. To receive the maximum payout, individuals must provide documented proof…

Tom’s Hardware

AI data center boom hits a human bottleneck — critical skilled labor shortages could slow deployment despite billions in funding

Data center construction is facing many challenges, and among them is a shortage of skilled hands to assemble the things.

Barchart

4 Reasons Netflix Stock Is a Must-Own Now After the Plunge

Netflix stock hit its 52-week low today. Here are the four reasons why the stock looks like a good buy after the plunge.

TechRadar

'Way out of line': The US government is being sued for executive order restricting foreign access to Project Glasswing

US government order caused Anthropic to pull Fable 5 and Mythos 5 for all users amid security concerns.

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The Independent UK

Agility Robotics heads to Wall Street in a $2.5B bet on staffing warehouses with humanoids

Agility Robotics, a maker of humanlike robots, is going public on Wall Street

The Independent UK

AI is helping gas stations collude to raise California fuel prices, lawsuit says

A federal lawsuit accuses gas station operators in California of using AI-powered software to illegally collude and raise prices

The Independent UK

Major gas stations are using AI to keep prices inflated, lawsuit says

The federal lawsuit claims major gas chains relied on an AI program that automatically pushed coordinated price adjustments directly to pumps and signs without human intervention

International Business Times

AI Sovereignty and the Implications of the US Export Restrictions

While the geopolitical implications of AI protectionism have been discussed at length, the economic importance of developing AI sovereignty has been greatly underemphasised.

The Economic Times

US new single-family home sales post second straight monthly decline

US new home sales unexpectedly fell in May for the second straight month, hitting a seasonally adjusted annualised rate of 580,000 units, the weakest since January, according to the Commerce Department. The decline was driven by high mortgage rates—around 6.47% for a 30-year loan—and elevated home prices, which continue to…

TechRadar

LastPass confirms data breach after hacker compromises supply chain — here's what we know

Plenty of personal data obtained, but passwords seem to be safe.

Barchart

Why a $700 Dell Stock Price Isn’t as Crazy as It Sounds

Demand for Dell’s AI servers continues to outpace supply, and Dell is benefiting from a record backlog.

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