Business news

Business news • Jun 05

Trump to meet AI leaders to discuss US investment in their companies

US President Donald Trump is planning to meet the bosses of some of the country's most notable artificial intelligence (AI) companies to discuss the...

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Business news • Jun 05

Miami-Dade Mayor to Use Eminent Domain to Seize Fisher Island Property

The plan to take control of a cruise ship fueling station escalates a conflict with developers that has drawn some of the city's most powerful figures.

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Business news • Jun 05

Google to pay SpaceX $920 million a month for compute capacity at xAI data centers

Ahead of a planned IPO, SpaceX inked a deal to rent compute capacity to Google for $920 million per month for 32 months.

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Business news • Jun 05

How hot is America’s labour market?

America's labour market strengthened in May with 172000 jobs added, nearly double expectations, as immigration restrictions tighten worker supply and...

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Business news • Jun 05

Trump to meet with artificial intelligence companies on government profit share plan as soon as next week

President Donald Trump said he will likely meet with AI companies at the White House next week to discuss what he called a federal government “partnership”...

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Business news • Jun 05

Central Ohio Becomes Hub for Tech and Manufacturing

Tech titans and Silicon Valley transplants changed the Columbus area, but not everyone is thrilled about the rapid transformation.

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Business news • Jun 05

Cryptos Could Be Casualties of SpaceX IPO as Bitcoin Hits Lowest Price Since 2024

Bitcoin, XRP, and other cryptocurrencies fell again as digital assets got caught up in the tech selloff, compounding a bad week.

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Business news • Jun 05

Trump administration, OpenAI discussing possible government stake in the AI startup

OpenAI CEO Sam Altman first shared the idea with the Trump administration in 2025, according to a source.

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Business news • Jun 05

Fidelity lowers the bar for small investors to get in on SpaceX IPO

Small investors gain access to the SpaceX IPO as Fidelity lowers its customers' minimum account balance requirement to just $2000.

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Business news • Jun 05

Hot jobs report puts Fed cuts further out of reach as Chair Warsh faces policy tests

Another big jobs report in May has swept aside the possibility of interest rate cuts anytime soon.

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Business news • Jun 05

Exclusive: US states preparing lawsuit to block Paramount's acquisition of Warner Bros, sources say

California, New York and other U.S. states are preparing a lawsuit to block Paramount Skydance's $110 billion acquisition of Warner Bros , sources familiar...

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Business news • Jun 05

Nasdaq, S&P 500 suffer worst day of year as AI stocks tumble and Fed rate-hike odds rise

Investors sold stocks, bonds, bitcoin and gold Friday after strong jobs data raised odds for Federal Reserve interest rate hikes, and Wall Street wrestled...

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Business news • Jun 05

Associate Compensation Scorecard: The 2026 Summer Of Salary Increases

Since we broke the news of the new $235K salary scale for associates at large law firms in the United States — a trend that was started by Milbank on...

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Business news • Jun 05

The deficit climbing by $3.4 trillion is keeping your mortgage rate at 6.48% — not the Fed

The 30-year mortgage rate has been stuck at recent highs well above 6% and now averages 6.48%, according to the data released on June 4, 2026, by Freddie...

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Business news • Jun 05

Global oil inventories depleted, next price spike could roil economies, markets

HOUSTON/NEW YORK, June 5 (Reuters) - Global oil inventories are running dangerously low as a deal to re-open tanker traffic through the Strait of Hormuz has...

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Business news • Jun 05

Mortgage Rates Slightly Lower This Week While Jobs Data Portends a Rise

Mortgage interest rates moved lower this week, but strong employment data could signal future Fed rate hikes.

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Business news • Jun 05

Top 5 Stocks That Will Profit From SpaceX's NASA Launch Monopoly After Blue Origin's Pad Collapse

Blue Origin's New Glenn pad will take a minimum of a year to rebuild after a hot fire test obliterated the company's only launch infrastructure for the...

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Business news • Jun 05

Elon Musk Is Dropping a Boulder in a Kiddie Pool

Elon Musk is about to set in motion a chain of events that will reshape the global financial order. For starters, when SpaceX formally goes public next week...

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Business news • Jun 05

‘ON FIRE’: Blowout jobs report shows Trump's economy has held up under Iran pressures

The news follows a string of economic releases earlier this week that suggest the U.S. manufacturing sector has started to rebound, even as gas and energy...

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Business news • Jun 05

AI Could Soon Use More Water Than Humanity Drinks, UN Report Warns

One argument often used to quell concerns about the rising energy and resource demand of data centers is that artificial intelligence (AI) models will need...

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