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The Latest Breaking News on Business

Cerebras to raise IPO price range to $150-$160 as demand surges

Cerebras Systems plans to increase its IPO size and price. Demand for its artificial intelligence chips is surging. The company is considering a higher share price and more shares for its public offering. This move follows strong adoption of AI technology. Cerebras' processors are in high demand for AI model…

The Economic Times

Apple, Intel have reached preliminary chip-making deal: Report

Intel has a preliminary deal with Apple to make chips for its devices. This is a big win for Intel's manufacturing. Apple could get more chip capacity. The US government played a role in talks. Intel stock rose on the news. Apple shares also saw gains. This deal diversifies Apple's…

The Economic Times

Indian investments in US on rise, creating American jobs: Official

Indian companies are investing significantly in the United States. Recent data shows USD 16.4 billion in foreign direct investment, creating over 70,000 jobs. Indian firms are also contributing to research and development. Massive new investments are expected at the SelectUSA Investment Summit. This inflow of capital strengthens the American economy…

The Economic Times

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Alphabet considers first yen bond sale to fund AI goals

Alphabet is making headlines with its first-ever issuance of yen bonds, aimed at fueling its rapidly developing artificial intelligence ecosystem. This trend reflects a broader shift among Big Tech firms who are increasingly tapping into debt markets to fund their AI projects.

The Economic Times

Indian investments in US on rise, creating American jobs: official

Indian companies have invested USD 16.4 billion in the United States. This investment has created around 70,800 jobs. Indian firms also contributed USD 330 million to research and development. These investments are strengthening the US economy. They are bringing capital and supporting communities across various states. Sun Pharmaceutical Industries Ltd…

The Economic Times

Mach Natural Resources Q1 Earnings Call Highlights

Mach Natural Resources (NYSE:MNR) said it is shifting more of its 2026 drilling program toward oil-weighted opportunities while maintaining its emphasis on distributions, low reinvestment and balance sheet discipline, according to comments from executives on the company’s first-quarter 2026 earnings

MarketBeat

Logitech bets on AI, gaming and business users as it raises spending, CEO says

Logitech plans increased spending on product development and marketing this year. The company is focusing on gaming, business customers, and AI-enabled devices for growth. Despite economic slowdown worries and Middle East supply issues impacting sales, Logitech expects continued momentum. Investments will be made to capitalize on AI opportunities and maintain…

The Economic Times

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Riding the AI buck: Rising API, usage-based costs force a rethink

As enterprises rapidly scale AI adoption, soaring API and usage-based costs are forcing companies to rethink spending, introduce guardrails and, in some cases, hire humans instead. Swathi Moorthy weighs in.

The Economic Times

McEwen Q1 Earnings Call Highlights

McEwen (NYSE:MUX) reported a sharp first-quarter turnaround and outlined plans to expand gold production while advancing its large copper project in Argentina, according to management comments on the company’s first-quarter 2026 earnings call. Chairman and Chief Owner Rob McEwen said the company ge

MarketBeat

Matador Resources Q1 Earnings Call Highlights

Matador Resources (NYSE:MTDR) executives said the company is emphasizing production growth, capital discipline and debt reduction as it navigates what Founder, Chairman and CEO Joe Foran described as one of the more challenging operating environments in his more than 40 years in the industry. Speak

MarketBeat

Trump wants to make H-1B workers more expensive for US employers

A Trump administration proposal would significantly increase H-1B visa minimum salaries, requiring entry-level software engineers in San Francisco to earn $162,000 annually. This change aims to prevent foreign workers from undercutting American wages, potentially costing employers billions and shrinking opportunities for young talent.

The Economic Times

Companies moving their legal homes to Texas is good PR, but don’t expect many new jobs

A company’s legal home determines which state taxes and laws governing corporations it will be subject to. Some are fleeing Delaware in search of a friendlier environment in Texas.

The Texas Tribune

Sam Altman rejects Musk's "stolen charity" claims in court showdown

Altman testified in Elon Musk's case against him, OpenAI and Microsoft.

Axios

Former Texas lottery director was indicted by grand jury before case got dismissed

The indictment accused Gary Grief of misusing his position to defraud the state in a highly scrutinized $95 million 2023 Lotto Texas drawing.

The Texas Tribune

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Fortune

Greenboard raises $15.5 million Series A to keep compliance from slowing down business

Base10 led the Series A after leading the startup’s 2024 seed round

The Guardian - US

BuzzFeed sold to Byron Allen, who will take over as CEO in $120m deal

Allen, a media entrepreneur, to replace founder Jonah Peretti as chief executive with ‘significant’ cost cuts to come

Fortune

A second wave of Iran energy shocks is about to hit Asia and the wider world. Why aren’t markets reacting?

“The market has been complacent,” Chen Chien-Ming, an associate professor at NTU, says, blaming investors' "wishful thinking that the war will soon end.”

Tom’s Hardware

AI data center project secretly sucked 29 million gallons of water over 15 months before detected by residents complaining about low water pressure — officials refuse to fine builders of massive 6.2 million-square-foot facility over unauthorized water use

QTS says the extra 29 million gallons were consumed during temporary construction activities, including concrete work, dust control, and site preparation.

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Tom’s Hardware

Samsung holds desperate final talks with union over 18-day chip factory strike that could cost $20 billion — government-mediated summit seeks to avert industrial action that could hit HBM production

The two sides are meeting through South Korea's National Labor Relations Commission after earlier rounds of mediation in February and March collapsed.

The Economic Times

Maersk CEO sees passing higher oil shock costs to customers

A.P. Moller-Maersk CEO Vincent Clerc stated the Iran war is increasing costs by $500 million monthly. These expenses will be passed to customers. Maersk expects to maintain its financial forecasts for 2026.

Latin Times

Consumer Borrowing Climbs To Highest Level In More Than Three Years: Survey

Consumer borrowing in the U.S. rose to the highest level since late 2022, according to a new survey.

MarketBeat

MDU Resources Group Q1 Earnings Call Highlights

MDU Resources Group (NYSE:MDU) reported slightly lower first-quarter earnings as mild winter weather weighed on utility volumes, while executives highlighted progress on major pipeline opportunities, data center demand and regulatory filings. The company reported first-quarter 2026 earnings of $80.

MarketBeat

MasterBrand Q1 Earnings Call Highlights

MasterBrand (NYSE:MBC) reported lower first-quarter 2026 sales and earnings as soft housing demand, unfavorable product mix and tariff costs weighed on results, though management said the cabinet maker performed in line with its expectations and is taking steps to protect margins through cost cuts,

MarketBeat

Circle Internet Group Q1 Earnings Call Highlights

Circle Internet Group (NYSE:CRCL) reported first-quarter 2026 results that showed higher revenue, adjusted EBITDA growth and continued expansion in USDC transaction activity, while management emphasized new product launches tied to stablecoins, blockchain infrastructure and AI agents. Co-founder, C

MarketBeat

FormFactor Targets Revenue Doubling by 2030 on AI Chip Testing Boom

FormFactor (NASDAQ:FORM) laid out a plan to double revenue by 2030 during an investor day presentation at the Nasdaq market site in Times Square, with executives pointing to growth in high-performance computing, advanced packaging, high-bandwidth memory and co-packaged optics as the primary drivers.

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