Business news

Business news • Jun 03

Broadcom Slides After AI Chip Outlook Disappoints Investors

Broadcom Inc. shares fell in extended trading after the company delivered a disappointing forecast for artificial intelligence chip revenue, signaling its...

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Business news • Jun 03

Broadcom stock plunges on weak software sales, unchanged AI chip forecast for the year

Broadcom reported fiscal second-quarter results on Wednesday and missed estimates for revenue.

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Business news • Jun 03

Broadcom forecasts quarterly revenue above estimates

June 3 (Reuters) - Broadcom forecast ‌third-quarter revenue ‌above Wall Street ​expectations on Wednesday, betting on robust ‌demand ⁠for its custom AI...

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Business news • Jun 03

Energy, water use and pollution of AI and data centers rival most countries

According to a United Nations University report, the environmental footprint of data centers already rivals some of the world's largest countries.

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Business news • Jun 03

Treasuries Eye Biggest Drop In Two Weeks on Fed Rate-Hike Bets

Treasuries fell Wednesday after a gauge of private-sector employment growth left intact expectations that the Federal Reserve will raise interest rates this...

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Business news • Jun 03

Colorado Governor Vetoes Surveillance Pricing Ban as Public Backlash Against the Tech Grows

Gov. Jared Polis, the Democratic governor of Colorado, vetoed a bill Tuesday intended to crack down on surveillance pricing, the controversial practice of...

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Business news • Jun 03

Alphabet’s record-breaking $85B raise for Google’s AI business is a helluva good signal

If Alphabet's record-breaking $85 billion stock sale signals investor appetite for AI-related offerings, we can see that investors are ready to chow.

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Business news • Jun 03

Colorado governor vetoes block on surveillance pricing as other states push for bans

Consumer advocates decry Democrat Jared Polis for 'choosing to side with dominant corporations' over workers.

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Business news • Jun 03

KKR, Blue Owl, and Blackstone Tumble. Why Private-Market Jitters Are Back and Hitting the Stocks.

Just when it seemed like investors were putting their concerns about private credit on the back burner, private investing fears reignited Wednesday.

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Business news • Jun 03

Donald Trump’s Iran war drains US oil stocks to lowest level since 2004

Donald Trump's Iran war has driven US oil stocks to their lowest level in two decades as his administration drains stockpiles to contain surging prices and...

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Business news • Jun 03

Amazon Employees Show Up to City Council Meetings to Demand Limits on Data Centers

Activists say it's the first time Big Tech employees have publicly called for regulations governing data center projects.

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Business news • Jun 03

European Union Outlines Plan to Reduce Dependence on American Tech

The 27-nation European Union outlined how it hopes to expand the region's data centers, semiconductors and cloud computing capabilities.

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Business news • Jun 03

Air traffic controller calls pilot "insane" after apparent close call at Florida airport

A JetBlue pilot landing at Fort Lauderdale's airport reported a close call on Monday night, telling air traffic control that a second, smaller plane was...

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Business news • Jun 03

FAA investigates close call between JetBlue plane and aircraft near Fort Lauderdale Airport

The JetBlue plane received an onboard alert warning about another nearby aircraft that was “not in communications with air traffic control,” according to...

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Business news • Jun 03

Another redemption wave is spooking the $2 trillion private-credit market

A fresh wave of investor redemptions has hit the roughly $2 trillion private-credit market, sending shares of the sector's industry giants sharply lower on...

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Business news • Jun 03

Here’s the Price Point Where IBM Is an Absolute Buy

At $329.23, International Business Machines (NYSE:IBM | IBM Price Prediction) trades well above the roughly $260 level that some value-oriented frameworks...

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Business news • Jun 03

Column | Millions of Americans are paper-wealthy, wallet-poor

A report explains this paradox and divides Americans into three groups, showing how people differ in their money mindsets.

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Business news • Jun 03

Can AVGO Stock Live Up To Its Multiple?

This is a year of extreme acceleration for Broadcom (AVGO). The company's engine is its deep, multi-year collaboration to build custom AI chips for just six...

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Business news • Jun 03

Still facing copyright lawsuits, AI music generator Suno raises another $400M

The prominent AI music-generation startup is now valued at over $5.4 billion -- about seven months ago, it raised at a $2.45 billion valuation.

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Business news • Jun 03

Ford is recalling nearly 420,000 vehicles for a seat belt issue

Ford is recalling almost 420000 vehicles because of a seat belt issue that may result in an injury if a crash occurs.

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