Business news

Business news • Jun 02

Exclusive | Warsh Names Two Conservative Policy Veterans as Interim Fed Advisers

One helped write chapter detailing potential overhauls of central bank in conservative policy blueprint known as Project 2025.

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Business news • Jun 02

Samsung moving U.S. headquarters to Plano

Samsung's existing campus in Plano will be designated its U.S. headquarters less than a year after the company cut the ribbon on a headquarters in New...

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Business news • Jun 02

Cliffwater’s flagship private credit fund redemption requests hit 17%

Cliffwater's flagship private credit fund aimed at retail clients limited withdrawals after redemption requests hit 17 per cent in the second quarter,...

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Business news • Jun 02

Bernie Sanders, Elizabeth Warren Urge Labor Department to Drop Bitcoin, Crypto 401K Plan

Bernie Sanders and Elizabeth Warren urged the Labor Department to drop a proposal to make it easier to offer crypto and other alternative assets in 401(k)...

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Business news • Jun 02

Microsoft reveals new quantum chip made with AI, says it will have systems by 2029

Microsoft ​on Tuesday unveiled a new quantum computing chip that it redesigned with the help of AI, saying it now believes ‌it will have commercially useful...

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Business news • Jun 02

Cisco Unveils Agentic Platform for Critical IT Infrastructure

Cisco Cloud Control brings together human operators and trusted AI agents together to run the world's most critical systems.

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Business news • Jun 02

Beyond the ‘brazen theft’ of news: The entire $12 trillion creative economy may now be at risk from AI

AI firms heavily use news and other creative content to provide answers — but New York Times Publisher A.G. Sulzberger says their resistance to pay for it...

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Business news • Jun 02

US Treasury issues new Iran sanctions targeting crypto exchanges

The United ‌States issued new Iran-related sanctions on ​Tuesday, targeting individuals and ​crypto exchanges, a notice ⁠on the ​Treasury Department website...

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Business news • Jun 02

Chic California seafood restaurant publicly admits to lying to customers

A chic, high-end fish market in Los Angeles has publicly admitted to false advertising after authorities discovered that the restaurant had repeatedly...

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Business news • Jun 02

Micron Price Targets Can’t Keep Up With the Stock

Micron stock has surged more than tenfold over the past year but there's reason to believe the memory-chip rally can keep going.

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Business news • Jun 02

New York Fed research is just one of many saying remote work is behind the real Gen Z hiring nightmare

Just a few years ago, remote work was something like a matter of life or death. In the pandemic-stricken early years of the 2020s, most white-collar workers...

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Business news • Jun 02

US Emergency Oil Reserve Approaching All-Time Low Despite Trump Promise

America's emergency oil reserve is dropping toward levels not seen since the 1980s, as the United States rapidly drains its supplies to stabilize global...

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Business news • Jun 02

Paramount seeks EU approval to buy Warner Bros; decision due July 7

Paramount Skydance Corp has sought EU antitrust ​approval for its acquisition of ‌Warner Bros Discovery , a European Commission filing showed on Tuesday.

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Business news • Jun 02

Paramount Seeks EU Green Light for $110 Billion Warner Deal

Paramount Skydance Corp. has formally asked the European Union to approve its $110 billion takeover of Warner Bros. Discovery Inc.

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Business news • Jun 02

Anthropic expands access to cyber-capable Mythos model beyond US

Anthropic is expanding access to its vulnerability-exploiting AI model Mythos to around 150 organizations across more than 15 countries, including several...

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Business news • Jun 02

Blue Origin has set a very aggressive return-to-flight timeline

The chief executive of Blue Origin, whose large New Glenn rocket exploded spectacularly less than a week ago at the company's launch site in Florida,...

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Business news • Jun 02

New Berkshire Hathaway CEO Greg Abel Has Now Plowed $26.6 Billion Into This Artificial Intelligence (AI) Stock

Berkshire Hathaway CEO Greg Abel is keeping plenty busy in his new job. Two days after Berkshire announced a $6.8 billion acquisition of the major...

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Business news • Jun 02

Short seller Andrew Left convicted of securities fraud

A federal grand jury in California has convicted short seller Andrew Left of securities fraud. The Justice Department said Tuesday that Left was convicted...

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Business news • Jun 02

US job openings climbed to 7.6 million in April despite economic fallout from the Iran war

U.S. job openings jumped in April as the labor market looked resilient despite economic uncertainty caused by the Iran war.

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Business news • Jun 02

Virgin Galactic Shares Slide After Debt Redemption Plan Involving New Stock Issuance (SPCE)

Virgin Galactic (NYSE:SPCE) shares dropped 15% on Tuesday after the space tourism company revealed plans to redeem a portion of its outstanding debt through...

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