Business news

Business news • Jun 04

AI backlash has come for Elon Musk's massive Terafab chip factory in Texas

SpaceX has submitted proposals to build the first phase of its chipmaking moonshot, which will cost at least $55 billion, in Grimes County, Texas.

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Business news • Jun 04

Broadcom Stock Dives As AI Chip Sales Outlook Disappoints

Broadcom stock fell Thursday after the tech giant missed Wall Street's lofty estimates with its AI chip sales targets.

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Business news • Jun 04

How Much Do I Need to Buy the SpaceX IPO? Fidelity Just Lowered the Bar.

The brokerage giant Fidelity is letting customers with as little as $2000 in a trading account submit offers to buy SpaceX stock at the IPO price.

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Business news • Jun 04

Anthropic says 80% of its new production code is now authored by Claude — how your enterprise can keep up

Anthropic co-founder and CEO Dario Amodei said it was coming, but it still feels like a milestone: More than 80% of the code merged into Anthropic's...

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Business news • Jun 04

Ordinary People Can Invest In SpaceX IPO: Here’s How—And Why It’s Risky

In its SEC filing, SpaceX said allocated shares for retail investors would be made available through Charles Schwab, Fidelity, Robinhood, SoFi Technologies...

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Business news • Jun 04

Lululemon cuts annual outlook, citing 'negative' media commentary and disappointing product launches

Lululemon is expecting its situation to get a lot worse before it gets better, as it issued weak guidance for the full year.

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Business news • Jun 04

NTSB says United jet was too slow and too low in Newark landing accident

Federal investigators say the captain flying the United 767 from Italy was too slow and too low before landing last month at Newark, N.J. The jet struck a...

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Business news • Jun 04

Lululemon Trims Outlook, Adding Pressure Ahead of New CEO

Lululemon Athletica Inc. lowered its annual forecast due to deteriorating performance in North America, underscoring the challenge that incoming Chief...

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Business news • Jun 04

PGE proposes whopping 29% rate hike for Oregon data centers; everyone else gets (slightly) lower rates

Portland General Electric is asking utility regulators to approve a massive, 29% increase for data centers as it implements the Power Act, a new law meant...

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Business news • Jun 04

United Co-Pilot Warned Plane Was Slow, Low Before Newark Mishap

The first officer on a United Airlines Holdings Inc. plane that struck a light pole while landing at Newark Liberty International Airport last month told...

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Business news • Jun 04

American Airlines Suspends 6 Routes Due to Fuel Costs

American Airlines is temporarily suspending some of its routes this summer, as steep jet fuel costs continue to strain carriers' budgets amid the war with...

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Business news • Jun 04

US National Security Agency using Anthropic’s Mythos for cyber attacks

Anthropic is helping the US National Security Agency deploy its powerful Mythos AI model for offensive cyber operations, embedding engineers inside the...

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Business news • Jun 04

Audi Surprises With 1,000-HP V8 Nuvolari Supercar, and It Really Looks Like This

A new supercar drop with a V8 instead of an electric drivetrain in the year 2026? Thank you, Audi, we've always known you're cool.

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Business news • Jun 04

Wealthy Investors Are Fleeing Private Credit — and Blackstone Just Had to Put Up a Wall to Stop Them

Blackstone's flagship private credit fund again saw high redemption requests in the second quarter.

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Business news • Jun 04

NASA head urges new launcher for Blue Origin’s moon landers to meet Artemis mission deadlines

An artist's rendering of Blue Origin's Blue Moon Mark 1 lunar lander on the surface of the Moon. Graphic: Blue Origin.

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Business news • Jun 04

Supreme Court backs generic drugmaker in ‘skinny labeling’ case

The Supreme Court unanimously ruled that Hikma Pharmaceuticals did not infringe patents held by Amarin in a decision that makes generic drugmakers less...

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Business news • Jun 04

McDonald’s employee arrested for throwing hot liquid on coworker, causing severe burns, police say

A McDonald's employee was arrested after throwing 'hot liquid' onto a coworker, causing severe burns, according to the Yuba City Police Department.

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Business news • Jun 04

Canadian Prime Minister Mark Carney warns foreign AI platforms can be used against Canadians

Canadian Prime Minister Mark Carney is warning that foreign artificial intelligence platforms could be used against Canadians.

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Business news • Jun 04

Blackstone private credit fund caps withdrawals as redemption requests jump

Blackstone has capped withdrawals at its flagship private credit fund as redemption requests rose in the second quarter, the world's ​largest alternative...

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Business news • Jun 04

Paramount Wants Lawsuit Seeking to Block Warner Bros. Deal Tossed: ‘Clumsy Attempt to Politicize Antitrust Litigation’

In April, five streaming subscribers filed a federal lawsuit seeking to block Paramount Skydance's $111 billion deal to swallow up Warner Bros.

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