Business news

Business news • Jun 07

The S&P 500 Wiped Out $1.4 Trillion in Market Cap After Red-Hot Jobs Report. Here’s Why

Just days after the S&P 500 climbed to a fresh record high as artificial intelligence stocks extended their remarkable rally, investors got a reminder that...

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Business news • Jun 07

Nvidia, SK to detail cooperation plan as Huang flags prolonged chip shortage

Nvidia CEO Jensen Huang predicted a chip shortage that would persist for "quite a few years."

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Business news • Jun 07

The business of AI is facing 4 harsh realities

Investors were confronted this past week with four difficult realities that may fundamentally change the way they think about AI the business vs.

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Business news • Jun 07

Global airlines slash 2026 profit forecast on fuel shock from Iran war

RIO DE JANEIRO, June 7 (Reuters) - The global airline industry nearly halved its ​2026 profit forecast on Sunday, citing conflict in the Middle East that...

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Business news • Jun 07

Broadcom CEO drops unexpected message on AI and software

There's a fear quietly spreading through enterprise software circles — that agentic AI is coming for the business model. Why pay for software licenses when...

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Business news • Jun 07

Joe Rogan stunned after Caleb Hammer says US boomers should have $2M-$5M savings — no ‘sympathy’ otherwise. Is he right?

Moneywise and Yahoo Finance LLC may earn commission or revenue through links in the content below. “I'm starting to not have sympathy for the boomers.

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Business news • Jun 07

Google’s Unique Approach to Getting Data Centers Built

Plus, a DIY solar hack to save on electric bills, a country fights teen brain rot with free ChatGPT and Apple's plans for a Siri-led AI comeback.

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Business news • Jun 07

OPEC+ approves fourth oil output quota hike since Hormuz closure

OPEC+ agreed on Sunday to a fourth increase in its oil output targets in as many months, even though the U.S. war with Iran is still preventing several of...

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Business news • Jun 07

What the ‘Dean of Valuation’ Thinks Elon Musk’s SpaceX Is Really Worth

NYU's Aswath Damodaran is skeptical of the outlook for the company's artificial-intelligence unit.

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Business news • Jun 07

'The golden years are not golden': Boomers are hoarding most of America's wealth and power because they're terrified of outliving their money

They followed the script—work hard, buy a house, save for retirement. Now millions of boomers feel trapped.

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Business news • Jun 07

‘Only One Scenario Saves Bitcoin’—Crypto Is Suddenly Braced For A Massive $52 Billion Price Earthquake

The bitcoin price has dropped sharply, fueling fears a massive bitcoin price crash could be about to hit the crypto market...

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Business news • Jun 07

‘It’s a hurricane warning’: Guardrails around powerful AI models may be too late

The U.S. has at most six to 12 months before Beijing can compete with this new wave of hyper-advanced AI models.

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Business news • Jun 07

High-earning millennials and Gen Zers feel broke and conflicted: 'I make a good salary, I shouldn't be struggling this much'

Financial stress in America isn't just maxxing out a credit card or missing a rent payment anymore. It's quiet money anxiety eating away at millions of...

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Business news • Jun 07

Incyte nears up to $2bn deal for blood disorder biotech Star

US biotech Incyte Pharma is nearing a deal for up to $2bn to buy privately held blood disorder drug developer Star Therapeutics amid a wave of acquisitions...

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Business news • Jun 07

What to Expect in Markets This Week: a New Consumer Price Index Reading and Updates from Tech Giants

Apple is expected to release a new iteration of Siri, Adobe Reports and SpaceX may IPO this week.

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Business news • Jun 07

Bouygues Telecom consortium agrees to buy Patrick Drahi’s SFR for €20.35bn

A consortium led by Bouygues Telecom has agreed a memorandum of understanding to acquire billionaire Patrick Drahi's French telecoms business SFR for...

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Business news • Jun 07

How Bank Tellers Are Stopping Customers From Giving Money to Scammers

With cybercrime continuing to rise, some banks are testing new prevention strategies. JPMorgan Chase hired a behavioral scientist.

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Business news • Jun 07

As Oil Prices Spike, Talk of ‘Demand Destruction’ Sets In

As the war in Iran has stymied traffic through the Strait of Hormuz, demand for oil has fallen, and industry watchers and oil executives have started to...

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Business news • Jun 07

The AI boom is gobbling up power faster than ever

If all data centers permitted through 2025 come online, they will use more than all the electricity used by any one US state in 2024, except Texas.

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Business news • Jun 07

Anthropic Declares That The Next Big Step For Humans And AI Is AI That Builds Itself Via Recursive Self-Improvement

Anthropic says recursive self-improvement is their chosen path for AI advancing AI. I explain the ins and outs. An AI Insider analysis and scoop.

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