Business news

Business news • Jun 07

Google’s Unique Approach to Getting Data Centers Built

Plus, a DIY solar hack to save on electric bills, a country fights teen brain rot with free ChatGPT and Apple's plans for a Siri-led AI comeback.

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Business news • Jun 07

OPEC+ approves fourth oil output quota hike since Hormuz closure

OPEC+ agreed on Sunday to a fourth increase in its oil output targets in as many months, even though the U.S. war with Iran is still preventing several of...

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Business news • Jun 07

What the ‘Dean of Valuation’ Thinks Elon Musk’s SpaceX Is Really Worth

NYU's Aswath Damodaran is skeptical of the outlook for the company's artificial-intelligence unit.

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Business news • Jun 07

'The golden years are not golden': Boomers are hoarding most of America's wealth and power because they're terrified of outliving their money

They followed the script—work hard, buy a house, save for retirement. Now millions of boomers feel trapped.

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Business news • Jun 07

‘Only One Scenario Saves Bitcoin’—Crypto Is Suddenly Braced For A Massive $52 Billion Price Earthquake

The bitcoin price has dropped sharply, fueling fears a massive bitcoin price crash could be about to hit the crypto market...

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Business news • Jun 07

‘It’s a hurricane warning’: Guardrails around powerful AI models may be too late

The U.S. has at most six to 12 months before Beijing can compete with this new wave of hyper-advanced AI models.

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Business news • Jun 07

High-earning millennials and Gen Zers feel broke and conflicted: 'I make a good salary, I shouldn't be struggling this much'

Financial stress in America isn't just maxxing out a credit card or missing a rent payment anymore. It's quiet money anxiety eating away at millions of...

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Business news • Jun 07

Incyte nears up to $2bn deal for blood disorder biotech Star

US biotech Incyte Pharma is nearing a deal for up to $2bn to buy privately held blood disorder drug developer Star Therapeutics amid a wave of acquisitions...

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Business news • Jun 07

What to Expect in Markets This Week: a New Consumer Price Index Reading and Updates from Tech Giants

Apple is expected to release a new iteration of Siri, Adobe Reports and SpaceX may IPO this week.

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Business news • Jun 07

Bouygues Telecom consortium agrees to buy Patrick Drahi’s SFR for €20.35bn

A consortium led by Bouygues Telecom has agreed a memorandum of understanding to acquire billionaire Patrick Drahi's French telecoms business SFR for...

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Business news • Jun 07

How Bank Tellers Are Stopping Customers From Giving Money to Scammers

With cybercrime continuing to rise, some banks are testing new prevention strategies. JPMorgan Chase hired a behavioral scientist.

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Business news • Jun 07

As Oil Prices Spike, Talk of ‘Demand Destruction’ Sets In

As the war in Iran has stymied traffic through the Strait of Hormuz, demand for oil has fallen, and industry watchers and oil executives have started to...

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Business news • Jun 07

The AI boom is gobbling up power faster than ever

If all data centers permitted through 2025 come online, they will use more than all the electricity used by any one US state in 2024, except Texas.

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Business news • Jun 07

Anthropic Declares That The Next Big Step For Humans And AI Is AI That Builds Itself Via Recursive Self-Improvement

Anthropic says recursive self-improvement is their chosen path for AI advancing AI. I explain the ins and outs. An AI Insider analysis and scoop.

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Business news • Jun 07

Harvard Science Center To Be Renamed Zimmer Hall | News

Harvard's Science Center will be renamed Zimmer Hall in recognition of a $100 million gift from the Zimmer Family Foundation in 2018, the University...

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Business news • Jun 07

A Stock Trader’s Guide to the Start of ECB Interest Rate Hikes

European stock traders will need to add a further variable to their investment strategies this week: how rising interest rates will affect each corner of...

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Business news • Jun 07

Yuba City McDonald's employee hospitalized after coworker threw hot oil on him, police say

A Yuba City McDonald's employee is recovering in the hospital after police say a coworker threw hot oil on him.

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Business news • Jun 07

100 days of the Iran war: How global markets and the economy have been affected, in charts

The conflict is about to reach its 100th day, with peace negotiations hanging in the balance.

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Business news • Jun 07

Investors seek protection as South Korea’s stock rally shows signs of overheating By Investing.com

Investing.com -- Investors are becoming increasingly cautious on South Korean equities after a powerful rally pushed the market to among the world's...

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Business news • Jun 07

Google Will Pay SpaceX $920 Million Per Month for Compute Access

Google is set to pay Elon Musk's SpaceX $920 million a month in a new cloud services deal, which will give it access to some of the space exploration...

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