Business news

Business news • Aug 06

Gas prices could remain high this fall even if crude prices stabilize. Here's why

The refining market is very tight due to the Ukraine and Iran wars, keeping gas prices elevated even as crude prices fall.

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Business news • Aug 06

‘Pure insanity’—Elon Musk details SpaceX’s plan to turn the moon into its newest manufacturing site

SpaceX's SEC filings describe lunar satellite factories, electromagnetic launchers, and robotic mineral mining. The founders building space equipment say...

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Business news • Aug 06

Meta AI model goes rogue in testing, hacks another company

Meta revealed this week one of its models breached another company during cybersecurity testing, becoming the third major technology giant to disclose a...

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Business news • Aug 06

Kellogg says it’s removing artificial dyes from cereals by the end of this year

WK Kellogg said Thursday that it will remove artificial colors from all its cereals by the end of this year. The change comes a year ahead of schedule.

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Business news • Aug 06

Musk, Abbott confirm $17B Terafab plant will be built near College Station

SpaceX and Tesla will build the Terafab chipmaking facility in Grimes County, bringing a projected $16.8 billion investment and 3000 jobs.

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Business news • Aug 06

Powerball drawing: Jackpot soars to $856 million, eighth largest in game history

The Powerball jackpot has continued its summer surge, reaching an estimated $856 million.

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Business news • Aug 06

Tesla and SpaceX will invest $16.8B to start building ‘Terafab’ chip factory in Texas

Tesla and SpaceX said Thursday that "Terafab," the advanced chip factory they are jointly developing, will be built in Grimes County, Texas, outside Houston...

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Business news • Aug 06

A third of employers handed out ‘peanut butter raises’ this year—and underpaid staff are leaving

Around 36% of U.S. companies say they gave out across-the-board pay increases this year—and experts warn it's killing motivation.

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Business news • Aug 06

OpenAI says Apple’s own security practices undermine its trade secrets case

Newly filed court exhibits show OpenAI's legal strategy in Apple's trade secrets lawsuit: argue that Apple's own security and offboarding practices...

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Business news • Aug 06

AI bill’s lead House Republican pushes for vote after breaches

Rep. Jay Obernolte, a California Republican leading the charge on wide-ranging artificial intelligence legislation in the House, said Thursday he's ramping...

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Business news • Aug 06

Powerball drawing: Jackpot soars to $856 million, eighth largest in game history

The Powerball jackpot has continued its summer surge, reaching an estimated $856 million ahead of Saturday night's drawing. The jackpot is now the eighth...

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Business news • Aug 06

More fruits, vegetables linked to Cyclospora, Ex-CDC director warns

As the cyclospora outbreak continues to expand around the country, Dr. Robert Redfield is urging people to stay away from certain fruits and vegetables...

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Business news • Aug 06

Tesla is building a monster Terafab chip complex - these stocks could also benefit (TSLA:NASDAQ)

Tesla confirms its Terafab in Texas: a mega “chip city” aiming for 1TW of AI compute/year.

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Business news • Aug 06

SpaceX Shares Steady After $100 Billion Insider Lockup Expires

SpaceX shares held steady on Thursday as investors digested the release of as many as 911.5 million shares worth about $100 billion from lock-up agreements...

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Business news • Aug 06

Layoffs fall to the lowest level since the U.S. put men on the moon. Here’s what that says about the economy.

Rising sales and a labor shortage are deterring job cuts. Jobless claims haven't been this low since 1969.

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Business news • Aug 06

Why everyone is turning on data centers

Florida's data center bans are part of a bigger, broader, and bipartisan revolt against the AI industry.

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Business news • Aug 06

Top US Mortgage Lender Plunges Most Ever After Pausing Dividend

Shares in United Wholesale Mortgage fell by as much as 49% Thursday, a record slide after the country's biggest mortgage lender announced a net loss of $452...

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Business news • Aug 06

Medicare Made Weight-Loss Drugs $50 A Month—Now Amazon, CVS And Walmart Race To Fill Prescriptions

Amazon on Thursday announced its pharmacy would distribute popular GLP-1 weight-loss drugs to eligible Medicare patients for $50 a month—a sweeping shift...

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Business news • Aug 06

Sandisk, Western Digital weigh on chip sector as high expectations eclipse strong earnings

Aug 6 (Reuters) - Data storage companies tumbled on Thursday after quarterly results from Sandisk and Western ‌Digital failed to sustain momentum in an...

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Business news • Aug 06

2027 Rivian R2 Underperforms in Our Real-World Range Test, But That's Not a Deal-Breaker

See how far the 2027 Rivian R2 went in Edmunds' real-world range test, how quickly it charged and how it compares with key electric SUV rivals.

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