Business news

Business news • Jun 24

SpaceX stock slips as it announces $25 billion bond offering

SpaceX stock is in focus on Wednesday after the company completed a successful debt offering.

5 0 0

Business news • Jun 24

Micron Soars After AI-Fueled Forecast Shatters Estimates

Micron Technology Inc., the largest US maker of computer memory chips, surged in late trading after its quarterly sales forecast crushed Wall Street...

5 0 0

Business news • Jun 24

US banks would lose $700bn in economic crash, Fed stress tests find

The Federal Reserve found the largest US banks would lose more than $708bn in an economic collapse but remain above regulatory capital requirements,...

5 0 0

Business news • Jun 24

Fed stress test shows the biggest US banks are strong enough to withstand severe recession

The Federal Reserve's annual stress tests released Wednesday show that the largest US banks could withstand a severe recession with plenty of capital on...

4 0 0

Business news • Jun 24

Federal Reserve says U.S. banks can withstand $708 billion in losses amid overhaul of capital rules

Big banks passed: All 32 banks in the Fed's annual stress test remained above minimum capital requirements despite a hypothetical recession generating more...

5 0 0

Business news • Jun 24

Anthropic’s Mythos model found vulnerabilities in classified US government systems, official says

Anthropic has raised concerns over how the U.S. military would use its AI, while the administration has restricted the use of some of its models.

5 0 0

Business news • Jun 24

Betting on People’s Worst Instincts Has Kind of Always Been Mark Zuckerberg’s Thing

In an effort to get in on the massive amount of cash changing hands on Kalshi and Polymarket, Meta is allegedly working on a predictions market app,...

5 0 0

Business news • Jun 24

New Drugs Are Replacing Chemo for Aggressive Breast Cancer

Drug companies have found promising new options for one of the most aggressive and hardest-to-treat forms of breast cancer after decades with few...

4 0 0

Business news • Jun 24

Anthropic Accuses Alibaba of ‘Illicitly’ Accessing Its AI Models

Anthropic PBC accused Chinese technology giant Alibaba Group Holding Ltd. of waging a large-scale effort to “illicitly” access its Claude artificial...

4 0 0

Business news • Jun 24

Here’s why Slate changed the battery in its cheap EV truck

While there was probably a moment when Slate's leadership had to green-light the switch from one battery type to another, the momentum toward that decision...

4 0 0

Business news • Jun 24

Qualcomm stock pops 15% after chipmaker almost doubles projection for 2029 non-handset revenue

Qualcomm on Wednesday revealed a CPU for data centers called Dragonfly C1000, and said that Meta would use it when it starts production in 2028.

4 0 0

Business news • Jun 24

Meta plans to release AI-powered prediction market app, documents show

Meta is planning to launch its own prediction market app to compete with companies like Kalshi and Polymarket in a booming sector that some analysts project...

5 0 0

Business news • Jun 24

Love Musk Or Not On July 6, You Will Own SpaceX Stock

Whether you admire him or cannot stand him, Elon Musk is about to show up in your retirement account. You likely did not make that choice yourself.

4 0 0

Business news • Jun 24

Oil prices drop near $70 a barrel — lowest level since before Iran war — on hopes for Strait of Hormuz plan

Oil prices fell near $70 a barrel as traders cheered an evacuation plan for vessels trapped in the Strait of Hormuz – hopeful that global energy supplies...

5 0 0

Business news • Jun 24

Small caps outperform as yields retreat

Small-cap stocks were outperforming on Wednesday as Treasury yields fell sharply and oil prices retreated to prewar levels. The Russell 2.

4 0 0

Business news • Jun 24

Trump accuses oil companies of gas price ‘gouging,’ calls for DOJ probe

The big Oil Companies are not dropping their price at the pump commensurate with the sharply lower prices they are paying for Oil,” the president said.

6 0 0

Business news • Jun 24

US new single-family home sales post second straight monthly decline

By Lucia Mutikani WASHINGTON, June 24 (Reuters) - Sales of new U.S. single-family homes unexpectedly fell in May, weighed down by higher mortgage rates and...

4 0 0

Business news • Jun 24

NTSB launches probe into fatal Texas Tesla crash

The safety board, known for its thorough investigations, is probing the crash alongside the National Highway Traffic Safety Administration.

4 0 0

Business news • Jun 24

Breeze Airways adds 5 new routes from Vero Beach with fares starting at $79

VERO BEACH, Fla. — Travelers who live on the Treasure Coast will soon have a few new routes to choose from when planning their next trip.

4 0 0

Business news • Jun 24

Better Industrial Stock: USA Rare Earth vs. Archer Aviation

USA Rare Earth(NASDAQ: USAR) and Archer Aviation(NYSE: ACHR) are two of the hottest stocks in the industrial sector, and for good reasons.

5 0 0