Business news

Business news • Jun 09

Visa, Mastercard $38 billion swipe fee settlement wins US judge's approval

A U.S. judge granted preliminary approval to Visa's and Mastercard's revised $38 billion settlement with merchants who accused the card networks of...

4 0 0

Business news • Jun 09

Wall Street’s undignified SpaceX mania

Investment banks compete desperately for SpaceX's initial public offering, accepting reduced fees and control as tech companies reshape Wall Street's...

5 0 0

Business news • Jun 09

California In Talks for Superstar Tech Lawyer to Challenge Paramount’s Warner Bros. Deal (Exclusive)

An antitrust court battle between a coalition of state attorneys general and Paramount could see two of the country's top trial lawyers facing off.

5 0 0

Business news • Jun 09

The US just got its first new sunscreen in almost 30 years

The sunscreen, to be sold initially as Parsol Shield, is the first new sunscreen approved in the US in nearly 30 years.

4 0 0

Business news • Jun 09

FCC Wants to Kill Burner Phones By Forcing Telecoms to Get All Customers’ IDs

The FCC wants to legally force telecoms to collect new and renewing customers' government issued identity number and physical address, impacting everyone...

5 0 0

Business news • Jun 09

There is no AI boom without these workers. Meta just proved it.

The next AI career path could start with a hard hat, not a laptop. Meta said Monday it is investing a $115 million in a roughly 5-week program aimed at...

5 0 0

Business news • Jun 09

SpaceX Set to Put 30% of Tradeable Shares in Passive Hands, Testing Markets

The prospect of billions of dollars of oncoming demand for SpaceX stock from index-tracking funds risks creating a feedback loop that drives the shares of...

5 0 0

Business news • Jun 09

SpaceX IPO explained: The price is set, but retail allocation still up in the air

Charles Schwab, Fidelity, Robinhood, SoFi and Morgan Stanley's E-Trade are among the brokerage platforms making SpaceX shares available.

5 0 0

Business news • Jun 09

Anthropic releases Mythos-level model for general use

Anthropic is releasing a safer, general-use Mythos-class model that exceeds the capabilities of all its prior releases, the company says.

5 0 0

Business news • Jun 09

Claude Fable 5 and Claude Mythos 5

Today we're launching Claude Fable 5: a Mythos-class model that we've made safe for general use.

5 0 0

Business news • Jun 09

Anthropic releases Mythos-like AI model to the public two months after private rollout rocked Wall Street

Anthropic said the broad release is possible because of new safeguards that block responses in specific high-risk areas.

5 0 0

Business news • Jun 09

Claude Fable 5 available today in Microsoft Foundry: Powering the next era of autonomous agents

Claude Fable 5, Anthropic's latest frontier model, is available today in Microsoft Foundry, powering agents in GitHub Copilot and Foundry Agent Service.

5 0 0

Business news • Jun 09

The Federal Reserve must soon give Donald Trump bad news

Kevin Warsh faces a dilemma as Federal Reserve chair, with Donald Trump wanting rate cuts while economic conditions suggest tighter monetary policy may be...

5 0 0

Business news • Jun 09

Rivian starts deliveries of its all-important R2 SUV

Founder and CEO RJ Scaringe has called it "maybe the most important thing we've launched to date."

5 0 0

Business news • Jun 09

'We are rapidly running out of time' Watchdog sounds Social Security alarm after 22% cut confirmed for 2032

The new Social Security Trustees report released Tuesday confirms that the program is on track for automatic, across-the-board benefit cuts once its main...

4 0 0

Business news • Jun 09

FDA Approves the First New Sunscreen Ingredient in 20 Years. Here’s What to Know

Bemotrizinol is a powerful, broad-spectrum blocker of dangerous rays that has been used in Europe for years.

4 0 0

Business news • Jun 09

FDA approves new sunscreen ingredient used for years in Europe and Asia

For the first time in 20 years, the US Food and Drug Administration approved a new sunscreen ingredient — bemotrizinol, or BEMT — that experts say is a...

5 0 0

Business news • Jun 09

Social Security retirement trust fund will run dry in 2032 unless Congress acts

Tens of millions of retirees and other Americans could see smaller monthly Social Security checks in six years if lawmakers don't act to shore up the...

5 0 0

Business news • Jun 09

The bull and bear cases for SpaceX

It's a foregone conclusion that SpaceX will raise at least $85 billion in its record-wrecking IPO, with pricing set for Thursday and first trades for Friday...

5 0 0

Business news • Jun 09

Social Security insolvency now projected for 2032, putting benefits at risk of a 22% cut

Social Security's trustees report said the program is on track to become insolvent by the end of 2032, when beneficiaries would see their monthly checks cut...

5 0 0