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The Latest Breaking News on Business

A coalition sues to block Kentucky's new 14.25% prediction markets tax

A coalition including Kalshi, Crypto

AAP

Business Inflation Jumps To Highest Level Since 2022 As Iran War Drives Up Energy Costs

Higher fuel costs linked to the Iran conflict pushed producer prices sharply higher in May, adding pressure across the U.S. economy.

International Business Times

US district court rejects patent claims against Hexaware Technologies

A US district court dismissed patent infringement claims against Hexaware Technologies, ruling that Natsoft Corporation's asserted patents covered abstract ideas, not concrete inventions, and were thus ineligible for protection. Hexaware stated the ruling validated its confidence in its proprietary platforms, developed through its own engineering efforts.

The Economic Times

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US clears Paramount's $111 bn Warner Bros. takeover

LOS ANGELES (UNITED STATES) - The US Justice Department on Friday cleared Paramount Skydance's $111 billion takeover of Warner Bros. Discovery, handing a major win to a media empire financed by one of President Donald Trump's closest billionaire allies.

Bangkok Post

Paramount Skydance merger with Warner Bros. Discovery won't harm competition, consumers, DOJ says

The U.S. Justice Department has determined that Paramount Skydance's proposed acquisition of Warner Bros

AAP

McDonald’s Is Letting AI Take Your Orders Again. A Million Orders Later, the Results Look Promising.

Despite some customer pushback, McDonald's management seems adamant to implement AI in the order-taking process.

Barchart

ChatGPT Reaches 1 Billion Monthly App Users As AI's Role In Society Continues To Grow

OpenAI's ChatGPT reached one billion monthly active app users in May, marking a new milestone for consumer technology adoption.

International Business Times

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How Is PulteGroup’s Stock Performance Compared to Other Homebuilder Stocks?

Despite un derperforming its homebuilding peers over the past year, PulteGroup continues to garner a cautiously bullish outlook from Wall Street analysts.

Barchart

Equity Residential Stock: Is EQR Underperforming the Real Estate Sector?

Equity Residential has underperformed the broader real estate sector over the past year, and analysts are cautiously bullish about the stock’s future prospects.

Barchart

Social Security Statements Are Showing Incorrect Benefit Estimates — Here’s What to Check

Social Security statements play a major role in shaping retirement expectations, yet many people now notice that the numbers do not always line up with reality. These estimates influence major decisions like when to retire, how much to save, and whether to delay benefits. When those figures drift off track,…

The Free Financial Advisor

Bankman-Fried loses bid to overturn crypto fraud ruling

A three-judge panel has rejected Sam Bankman-Fried's bid to overturn his 25-year prison sentence over the collapse of the FTX cryptocurrency exchange.

AAP

Bitcoin Used as Collateral to Buy a $4.2M Home: Fannie Mae-Backed Deal Closed in Just 23 Days

A $4.2M Florida home became the first with a Bitcoin-backed mortgage, combining crypto and Fannie Mae, which was closed in just 23 days.

International Business Times UK

After SpaceX’s huge IPO, Americans’ financial future will be bound to AI

They’re about to get more AI rammed down their throats, stuck into their pension plans and investment portfolios

The Guardian - US

Bank of America told investors to 'take profits.' Then the Nasdaq fell 7%

Days before the worst chip rout since 2020, BofA warned that seven warning lights were flashing.

Fortune

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International Business Times UK

Xbox Layoffs Imminent? CEO Says Company Is 'Over Extended' After Years of Expansion

Microsoft's Xbox reportedly plans major layoffs in July as new CEO Asha Sharma warns the gaming unit is overextended after a $20B five-year spending spree.

TechRadar

Are your hybrid meetings doing more harm than good? New survey finds many of us 'forget' about remote colleagues

New study reveals hybrid meetings can isolate remote workers due to outdated technology and meeting fatigue.

The Economic Times

Lyft, Uber sue New York City to block driver retention law

Both companies are challenging Local Law 52 of ‌2026, which ⁠generally prevents ⁠large ride-sharing companies from swiftly dismissing drivers absent a "bona fide economic reason" or "just cause."

TechRadar

We all hate ads on today's smart TVs, but a report says they're a big part of why TV prices haven't had to rise as a result of the memory crisis — so if you're upgrading your set for the World Cup, say thanks to advertisers, I guess

TVs aren't immune from the electronics component crisis –but manufacturers had already given up on making money from hardware

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Barchart

Evercore Reiterates Amphenol as a Top Pick Thanks to Its Key Role in AI Data Center Infrastructure

Evercore highlights Amphenol Corporation's critical role in supplying high-speed interconnects, connectors, and cables for the expanding AI data center infrastructure buildout.

Barchart

Dollar Falls as President Trump Cancels Attacks on Iran

The dollar index (DXY00 ) fell from a 2-month high on Thursday, finishing down by -0.17%. The dollar gave up an early advance on Thursday and moved lower after stocks rallied sharply and crude oil prices sank when President Trump said he called off planned strikes against Iran and that...

TechRadar

Are we finally starting to trust agents? New report claims 74% 'trust a personal AI agent more than their best friend'

One in 10 consumers already trust AI agents to complete transactions without their approval as trust continues to rise.

International Business Times UK

Why Is Carl's Jr. Closing? The Real Reason a Major Franchisee Is Selling Dozens of Locations After Bankruptcy

A Carl's Jr. franchisee in California is closing or selling 59 restaurants after filing for bankruptcy, citing rising costs and declining profitability as key challenges.

Windows Central

Microsoft's search lead unveils a Bing 'kill switch' for Copilot AI answers: "Not everyone wants AI for everything"

Microsoft gives Bing users more control with a new extension that lets users remove AI-generated answers.

The Economic Times

Why crude oil markets suddenly reversed course today: US oil prices collapse below $87 after Trump cancels Iran strike plans, WTI crude drops 3%

US oil prices collapsed below $87 as WTI crude dropped nearly 3% after President Trump canceled planned Iran strikes. The move reversed a war-driven rally as diplomatic back-channel talks between Washington and Tehran signalled possible de-escalation. Iran's Strait of Hormuz closure and record-low OPEC output kept supply fears alive. But…

International Business Times

Is Cardano Dying? ADA Price Crashes to New Low and Founder Abandons Project

Cardano crashed to $0.16, its lowest since 2020, down 42% in a month. A partition bug, collapsing TVL, and whales quietly buying the blood. Is ADA done?

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