Business news

Business news • Jun 06

SpaceX Has $30 Billion Deal to Provide Google With A.I. Computing Power

Elon Musk's rocket company said Google would pay it $920 million a month, as it prepared for its initial public offering.

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Business news • Jun 05

Live updates: bitcoin tumbles to $60,000 as blowout jobs data, Zcash bug keeps pressure on crypto

Zcash plummetted 40% as Shielded Labs revealed a major bug that went undetected for four years.

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Business news • Jun 05

Why hiring surged in May despite economic strain from the Iran war

There was surprising strength in the latest U.S. jobs report. Employers added 172000 jobs in May, the third straight month of job gains.

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Business news • Jun 05

S&P 500 sees $1.8 trillion wipeout, Nasdaq tallies biggest point drop on record: What investors need to know about Friday’s selloff

A remarkable two-month sprint higher for major stock-market indexes encountered its first major hiccup on Friday as the Nasdaq Composite plummeted more than...

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Business news • Jun 05

Marvell to join S&P 500 after AI boom helps chipmaker pass profitability test

Marvell Technology is set to join the benchmark S&P 500 later this month, S&P ​Dow Jones Indices said on Friday, after the chipmaker cleared a ‌key...

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Business news • Jun 05

What smart people are saying about Anthropic suggesting a global AI pause

Anthropic wants the world's leading AI labs to come together to consider a potential pause of leading global AI development.

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Business news • Jun 05

Energy Department says advanced nuclear reactor first to reach critical milestone

WASHINGTON (AP) — The Energy Department says a small nuclear reactor under development at a national lab has reached a crucial milestone that could allow it...

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Business news • Jun 05

Dow Jones Top Company Headlines at 5 PM ET: Google to Pay SpaceX Nearly $1 Billion a Month in Cloud-Computing Deal | Paramount ...

Googleto Pay SpaceX Nearly $1 Billion a Month in Cloud-Computing Deal The agreement gives SpaceX a new stream of revenue for its AI business ahead of its...

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Business news • Jun 05

Google to Pay SpaceX Nearly $1 Billion a Month in Cloud-Computing Deal

Google has agreed to rent data-center capacity from SpaceX, expanding the rocket company's artificial-intelligence business ahead of its initial public...

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Business news • Jun 05

Broadcom, Quantinuum, Strategy, FedEx Freight, and More Stocks That Explain Today’s Market

Broadcom, Micron, and Nvidia stocks fall as investors slam the brakes on the AI rally.

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Business news • Jun 05

May's booming jobs report is a "plot twist"

Friday's jobs report confirms the U.S. jobs market is healing from its dismal hiring stretch.

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Business news • Jun 05

Stock market today: Nasdaq plunges 4%, Dow and S&P 500 sink as AI trade halts on Fed hike bets

US stock futures mostly fell in the wait for the release of the May jobs report.

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Business news • Jun 05

Nasdaq falls 4% and suffers worst day since April 2025 as traders flee chip stocks: Live updates

U.S. equities tumbled Friday because of a violent sell-off for chip stocks. The tech-heavy Nasdaq Composite lost 4% for its biggest decline since the tariff...

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Business news • Jun 05

Donald Trump says US may take equity stakes in AI companies

The US may take equity stakes in AI companies such as OpenAI so that “American people can benefit”, Donald Trump said, as a backlash to the technology...

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Business news • Jun 05

It Sure Seems Like Pete Hegseth Is Losing His War Against Anthropic

Does the U.S. government need Anthropic more than it's willing to admit?

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Business news • Jun 05

SpaceX lands Google AI compute deal after Anthropic pact ahead of IPO

SpaceX said on Friday it has entered into a multi-year cloud services agreement with Alphabet's Google, locking ​in computing capacity as it prepares for...

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Business news • Jun 05

Why stocks just capped off their worst week since Liberation Day after a stellar jobs report

Blowout job gains in May have slashed the odds of a Fed rate cut in 2026 to nearly 0%. The Nasdaq 100 capped off its worst week in over a year.

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Business news • Jun 05

Google Buying Computing From SpaceX in $920-Million-a-Month Deal

Alphabet Inc.'s Google has agreed to pay Elon Musk's SpaceX $920 million a month for computing power as part of a cloud services deal that runs through...

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Business news • Jun 05

Chip selloff erases over $1 trillion in stock market value

U.S.-traded chipmakers plunged on Friday, losing over $1 trillion in market value, with deep losses in ‌AI heavy hitters including Nvidia, Micron Technology...

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Business news • Jun 05

SpaceX IPO running at two times oversubscribed, sources say

SpaceX has drawn investor demand of about $150 billion for its IPO, about double the $75 ​billion it is seeking to raise, said two people familiar with the...

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