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The Latest Breaking News on Business

McDonald's posts better-than-expected first quarter sales. But higher gas prices threaten demand

“Clearly, when you have elevated gas prices... that is going to disproportionately impact low-income consumers," McDonald's Chairman and CEO Chris Kempczinski said.

As Gas Prices Climb, Hybrid Sales Are Booming

As Gas Prices Climb, Hybrid Sales Are Booming

You’ve probably driven past a gas station recently and noticed that prices are climbing—and quickly. While large swathes of Americans still refuse to drive electric vehicles, hybrids are having a bit of a moment.

Is Wall Street Bullish or Bearish on T-Mobile Stock?

Is Wall Street Bullish or Bearish on T-Mobile Stock?

Despite lagging the broader market over the past year, T-Mobile continues to enjoy strong confidence from Wall Street analysts, who remain highly bullish on the stock’s long-term prospects.

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Are Wall Street Analysts Predicting NRG Energy Stock Will Climb or Sink?

Despite underperforming the broader market over the past year, NRG Energy remains a Wall Street favorite, with analysts maintaining a highly bullish outlook on the stock’s growth prospects.

PlayStation agrees to pay out $7.85 million settlement: How to find out if you’re eligible for a refund

The lawsuit argues that Sony’s practices violated federal antitrust laws and some state competition laws by limiting how and where those games could be sold

The Independent UK

What Are Wall Street Analysts' Target Price for Sandisk Stock?

Sandisk has dramatically outpaced the broader market over the past year, with Wall Street analysts remaining highly bullish on the company’s growth trajectory and AI-driven opportunities.

Could Nintendo Raise the Switch 2 Price? Investors Concerned Console Is Too Cheap

Nintendo Switch 2 price increase rumors grow as investors push for higher profits amid rising costs and hardware losses.

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Car Loan Debt Hits $1.68 Trillion Record High As Drivers Struggle With Car Payments, Report Finds

Car Loan Debt Hits $1.68 Trillion Record High As Drivers Struggle With Car Payments, Report Finds

A new analysis found that aggregate auto debt has climbed 37% since early 2018, reaching the highest level ever recorded.

Airlines Cut 2 Million Seats Worldwide in May Alone — Is This the End of Ultra-Cheap Flights?

Airlines Cut 2 Million Seats Worldwide in May Alone — Is This the End of Ultra-Cheap Flights?

Global airlines are reducing routes and increasing fares due to surging jet fuel prices, exacerbated by the Iran conflict. Budget carriers face the greatest challenges, prompting calls for federal relief.

International Business Times UK

Corporate America shrugging off economic uncertainty as earnings deliver

Corporate America shrugging off economic uncertainty as earnings deliver

Corporate America is delivering the goods this earnings season, even as rising energy prices threaten to undermine the momentum.

World Cup hotel bookings short of expectations in Texas amid anti-U.S. sentiment abroad

A recent survey of hoteliers in the Dallas area and Houston found anticipated demand is not translating into strong hotel bookings less than 40 days from the start of the tournament.

The Texas Tribune

Axios interview: Scale AI CEO Jason Droege pushes "reliability" reality

Axios interview: Scale AI CEO Jason Droege pushes "reliability" reality

Mission-critical AI needs fewer failures.

AI is quietly splitting the housing market in two: Bay Area luxury homes are up 13%, affordable ones are collapsing

AI is quietly splitting the housing market in two: Bay Area luxury homes are up 13%, affordable ones are collapsing

“It’s another sign of the K-shaped economy taking shape in the Bay Area,” said Redfin senior economist Yingqi Xu.

Nvidia invests $300 million in Corning to build three new US-based optical fiber plants — AI infrastructure deal would boost fiber production capacity by over 50%

Nvidia invests $300 million in Corning to build three new US-based optical fiber plants — AI infrastructure deal would boost fiber production capacity by over 50%

Nvidia invests $300 million in Corning to help partners that deploy its hardware in the U.S. to get enough of optical fiber, grant Nvidia control over a significant chunk of domestic fiber production.

Tom’s Hardware

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‘AI capabilities that did not exist at the time’: Delayed Siri features have cost Apple a massive $250 million, and iPhone users could get up to $95 per device

Apple is paying $250 million due to delayed Siri features, with affected users eligible for up to $95 per device.

AMD's CEO predicts 'higher memory and component costs' later this year — so brace yourself for Radeon GPU price hikes

Following Lisa Su's revelation, a disgruntled Redditor predicted: 'The RAM economy will permanently change and data centers will be a nuisance for the rest of recorded time'.

The Economic Times

Oil Price Today (May 7): Crude oil reclaims $100, snaps two-day losing streak. Here’s why

Oil prices rebounded on Thursday, recovering from a significant prior fall as investors assessed mixed signals regarding Iran-U.S. relations. While reports suggested a potential agreement to end the conflict, President Trump issued a stark warning of intensified bombing if Iran rejects a peace deal, highlighting the precarious state of negotiations.

Hopes for an Imminent End to the US-Iran War Weigh on the Dollar

The dollar index (DXY00 ) fell to a 2.5-month low on Wednesday and finished down by -0.45%. Optimism that a peace deal between the US and Iran is imminent weighed on safe-haven demand for the dollar on Wednesday. Also, Wednesday's -7% plunge in crude oil prices eases inflation expectations and...

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Tom’s Hardware

SpaceX files for $55 billion semiconductor fab in rural Texas for Musk's Terafab — total chipmaking fab investment could reach $119 billion

The capital figures in this filing far exceed what was disclosed when Elon Musk announced Terafab in March, where the project carried a $20 billion price tag.

Should We Expect a Breakdown in Soybean Oil?

After adding nearly 4.4 cents during the just finished positioning week, the Soybean Oil market increased its vulnerability to a fund-driven selloff.

If You’re Still Buying Gold ETFs to Protect Against Inflation, Stop

Gold has long been sold as an inflation hedge. There is a much better reason to chase the precious metal and ETFs that track it.

Chegg Was Dying Way Before ChatGPT – Chatbots Just Dealt the Fatal Blow

If you invested $100 into Chegg in 2021, you’d have less than a dollar to show for it today, thanks to LLMs like ChatGPT.

Do Wall Street Analysts Like Kroger Stock?

Kroger has underperformed the broader market over the past year, but analysts are cautiously optimistic about the stock’s prospects.

Is Wall Street Bullish or Bearish on Centene Stock?

Though Centene has lagged behind the broader market over the past year, Wall Street analysts maintain a moderately optimistic outlook on the stock’s prospects.

International Business Times

U.S. Airlines Saw Jet Fuel Prices More Than Double In March As Iran War Raged

U.S. airlines saw jet fuel prices more than double in March as the war in Iran raged on, according to new data from the U.S. government.

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