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The Latest Breaking News on Business

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

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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

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

Fortune

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

The Guardian - US

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.”

Fortune

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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.

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.

Tom’s Hardware

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.

The Economic 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.

Latin Times

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

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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.

The Economic Times

Bitcoin price outlook: Why analysts predicted the crypto rally is fading and BTC USD could be headed for a massive 50% crash toward $40,000

Bitcoin price crash prediction: Bitcoin's recent recovery is showing signs of weakness, with analysts suggesting a potential "dead cat bounce" and a possible cycle top around $82,000. Some foresee a significant pullback, potentially 50% towards $40,000, while others believe the bear market is 55% complete based on historical cycles.

MarketBeat

GoPro Q1 Earnings Call Highlights

GoPro (NASDAQ:GPRO) said it has begun a strategic review after receiving inbound merger-and-acquisition interest tied to its exploration of defense and aerospace opportunities, while reporting lower first-quarter revenue and a wider loss. Founder and CEO Nicholas Woodman said on the company’s first

MarketBeat

MBIA Q1 Earnings Call Highlights

MBIA (NYSE:MBI) reported a narrower first-quarter GAAP net loss, as management said favorable foreign exchange movements, lower reserve impacts and the absence of certain prior-year investment losses helped offset other items. The company posted a consolidated GAAP net loss of $40 million, or $0.80

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MarketBeat

McDonald's Q1 Earnings Call Highlights

McDonald's (NYSE:MCD) reported first-quarter 2026 global comparable sales growth of 3.8% and said it gained market share in nearly all of its top 10 markets, as executives emphasized value, marketing and menu innovation as the company’s main growth drivers in a challenging consumer environment. Cha

MarketBeat

CeriBell Q1 Earnings Call Highlights

CeriBell (NASDAQ:CBLL) reported first-quarter revenue growth of 29% and raised its full-year outlook, as management cited higher usage of its seizure monitoring system and the company’s strongest quarter of net new hospital additions since becoming public. On the company’s earnings call, Co-founder

The Economic Times

Natural gas mineral firm WhiteHawk reveals sevenfold revenue surge in US IPO filing

WhiteHawk, a leading natural gas royalty firm, is taking the stock market plunge with its initial public offering. This comes on the heels of an astonishing 615% revenue spike in 2025, mirroring the current energy market's thrumming heart as oil prices rise. With vast natural gas holdings over millions of…

MarketBeat

Mistras Group Q1 Earnings Call Highlights

Mistras Group (NYSE:MG) reported higher first-quarter revenue and improved profitability, with management pointing to growth in aerospace and defense, infrastructure and power generation as offsets to a planned decline in lower-margin oil and gas work. On the company’s Q1 2026 earnings call, Presid

MarketBeat

DocGo Q1 Earnings Call Highlights

DocGo (NASDAQ:DCGO) reported first-quarter revenue of $75.6 million and an adjusted EBITDA loss of $10.2 million, as executives pointed to accelerating demand in virtual care, medical transportation and mobile health services while acknowledging pressure from fuel costs and labor-related investments

The Economic Times

Xi-Trump summit may yield farm deal, but China has limited soybean appetite

Market watchers anticipate a farm deal at the upcoming U.S.-China summit, potentially expanding Beijing's purchases of grains and meat. However, significant new soybean purchases beyond last October's agreement are unlikely due to weak demand and cheaper alternatives. The focus is on potential deals for corn, sorghum, milling wheat, beef, and…

InsideEVs

Plot Twist: Volkswagen Is Now Rivian’s Biggest Shareholder

For the longest time, Amazon has been Rivian's biggest shareholder. That’s no longer the case as Volkswagen's tech partnership with the startup takes shape.

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