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The Latest Breaking News on Business

Amazon's layoffs and leaked AI plans beg the question: Is the era of robot-driven unemployment upon us?

As Amazon doubles down on automation, the tech giant’s vision for “collaborative robots” sparks debate over the future for both blue-and white-collar workers—and what’s truly at stake for its massive workforce.

Kalshi Faces Setback After Nevada Judge Reverses Earlier Court Victory On Sports Betting

Kalshi Faces Setback After Nevada Judge Reverses Earlier Court Victory On Sports Betting

A federal judge reversed a crucial court win for prediction market platform Kalshi, ruling on Tuesday that contracts based on sporting event outcomes are not subject to the Commodity Futures Trading Commission (CFTC).

TSMC sues former executive over defection to Intel, says it's highly likely he stole trade secrets — chipmaker claims Wei-Jen Lo broke non-disclosure and non-compete agreements

TSMC sues former executive over defection to Intel, says it's highly likely he stole trade secrets — chipmaker claims Wei-Jen Lo broke non-disclosure and non-compete agreements

TSMC initiates legal action against Wei-Jen Lo, who retired from TSMC this summer, signed a non-compete agreement, but subsequently joined Intel as Executive Vice President.

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Foxconn Bags $16M Boost — as America Builds a Chip Shield for a Future 'China War'

Foxconn receives additional $569M Investment in the US as China-Taiwan tension escalates.

International Business Times UK

Google DeepMind Scientist Slams Market After Nvidia, AMD Stocks Tumble: 'Selloff Shows How Clueless The Market Is'

On Tuesday, a sharp dip in Nvidia Corp (NASDAQ:NVDA) and Advanced Micro Devices, Inc. (NASDAQ:AMD) sparked unexpected pushback from Google DeepMind researcher arguing the market still doesn't grasp the reality of exploding demand for AI hardware.

Nearly half of consumers feel fatigued going into Black Friday and Cyber Monday sales

More than 71% agree that Black Friday and Cyber Monday no longer hold the significance they once did

The Independent UK

Dollar Tumbles and Gold Rallies on Improved Fed Rate Cut Chances

The dollar index (DXY00 ) on Tuesday fell by -0.44%. The dollar is sliding after today’s weaker-than-expected US economic news on Sep retail sales, Sep core PPI, and weekly ADP employment bolstered the chances for a Fed rate cut at next month’s FOMC meeting. Also, falling bond yields have weakened...

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Crude Prices Undercut by Signs of Progress to End the Russian-Ukrainian War

Crude Prices Undercut by Signs of Progress to End the Russian-Ukrainian War

January WTI crude oil (CLF26 ) on Tuesday closed down -0.89 (-1.51%), and January RBOB gasoline (RBF26 ) closed down -0.0235 (-1.29%). Crude oil and gasoline prices fell to 5-week lows on Tuesday, amid expectations that an end to the Russia-Ukraine war would boost global oil supplies, as restrictions on...

This EV CEO Says There's A Potential Positive Of Federal Tax Credit Gone: 'Less Competition'

This EV CEO Says There's A Potential Positive Of Federal Tax Credit Gone: 'Less Competition'

Rivian Automotive (NASDAQ:RIVN) was one of several automotive companies that reported strong deliveries in the third quarter, amid increased demand as the $7,500 EV tax credit expired. While the credit expiration could pressure EV demand in the short term, Rivian CEO RJ Scaringe sees one silver lining.

Dell Delivers Mixed Q3 Earnings, Shares Volatile After Hours Even With Strong Outlook: 'Dell Is Winning In AI'

Dell Delivers Mixed Q3 Earnings, Shares Volatile After Hours Even With Strong Outlook: 'Dell Is Winning In AI'

Dell Technologies Inc (NYSE:DELL) reported financial results for the third quarter on Tuesday after the market close. Here’s a rundown of the report.

Watch out - that Amazon page offering amazing Black Friday deals could be a dodgy spoof site, and could leave you seriously out of pocket

Watch out - that Amazon page offering amazing Black Friday deals could be a dodgy spoof site, and could leave you seriously out of pocket

Black Friday phishing attacks rise sharply, targeting unprepared shoppers with fake retailer sites, malicious emails, and rapidly scaled AI-driven scams.

Federal agency boosts size of most single-family loans the government can guarantee to $832,750

Federal agency boosts size of most single-family loans the government can guarantee to $832,750

The Federal Housing Finance Agency is increasing the size of home loans that the government can guarantee against default as it takes into account rising housing prices

The Independent UK

Brace yourself, Spotify fans –another price hike is predicted to hit the US in early 2026

Brace yourself, Spotify fans –another price hike is predicted to hit the US in early 2026

It looks like Spotify is going to bump up prices for its US subscribers again, but we don't know by how much.

Should You Buy the Plunge in AMD Stock Today?

Should You Buy the Plunge in AMD Stock Today?

AMD stock sinks on reports Meta is considering switching to Google’s AI chips. Here’s the case for unloading AMD shares heading into 2026.

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International Business Times UK

From Dumbbells to Air Fryers: Costco Orders Massive Recall of Dozens of Hazardous Items

Costco issues a major recall affecting dumbbells, air fryers, power banks, coolers, air conditioners and more, urging customers to stop using dozens of hazardous items immediately.

Billionaire John Morgan Says Income Inequality Is America's Top Threat—But His Solution Has Critics Calling Him Out

Billionaire Lawyer John Morgan believes the growing gulf between rich and poor Americans poses the nation’s gravest threat, yet his approach to solving it sparked fierce pushback during a July appearance on Jubilee’s video series where strangers confronted him about his wealth.

Crude Prices Tumble on Hopes for an End to the Russian-Ukrainian War

January WTI crude oil (CLF26 ) today is down -1.37 (-2.33%), and January RBOB gasoline (RBF26 ) is down -0.0363 (-1.99%). Crude oil and gasoline prices sold off to 5-week lows today on expectations that an end to the Russia-Ukraine war could boost global oil supplies as restrictions on Russian...

The Independent UK

DOJ touts victory for renters as deal is reached over ‘secret algorithm’ used by landlords to set prices

The DOJ’s antitrust chief accused the company of replacing competition with coordination and she said ‘renters paid the price’

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Where's the Beef?

There are a number of moving parts to the cattle markets these days.

The Independent UK

Consumer confidence slides as Americans grow wary of high costs and sluggish job gains

U.S. consumers were much less confident in the economy in November in the aftermath of the government shutdown and amid weak hiring and stubborn inflation

Are Wall Street Analysts Predicting NVR, Inc. Stock Will Climb or Sink?

NVR, Inc. has underperformed the broader market over the past year, and analysts are cautious about the stock’s prospects.

Sherwin-Williams Stock: Is SHW Underperforming the Basic Materials Sector?

Analysts continue to view Sherwin-Williams favorably, despite recent mixed performance relative to the basic materials sector.

Are Wall Street Analysts Bullish on AutoZone Stock?

AutoZone has outperformed the broader market over the past year, and analysts are highly optimistic about the stock’s prospects.

TransDigm Group Stock: Is Wall Street Bullish or Bearish?

While TransDigm Group has lagged behind the broader market over the past year, Wall Street analysts maintain a moderately optimistic outlook about the stock’s prospects.

Warren Buffett Said Ballooning Healthcare Costs Are A 'Hungry Tapeworm' Eating the Economy —'The Single Biggest Variable' Throwing Us 'Out of Whack'

Millions of Americans watch their paychecks shrink under premiums, deductibles, and medical bills that rise faster than their wages. Warren Buffett, the longtime Berkshire Hathaway CEO, drew a straight line between those bills and the country's economic standing.

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