Business news

Business news • May 28

Anthropic raises $65B in Series H funding at $965B post-money valuation

Anthropic has raised $65 billion in Series H funding led by Altimeter Capital, Dragoneer, Greenoaks, and Sequoia Capital.

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Business news • May 28

Inflation Jumps to 3-Year High as Critics Say Trump Economic Promises Have Turned to Dust

A key federal inflation measure released Thursday shows that US prices jumped to a three-year high last month as President Donald Trump's illegal Iran war...

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Business news • May 28

IBM Stock Climbs As Tech Giant Pledges $10 Billion In Quantum Investment

IBM stock climbed as the tech giant pledged to invest more than $10 billion in its quantum computing efforts over the next five years.

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Business news • May 28

Anthropic tops OpenAI as most valuable AI startup, nears $1 trillion valuation in latest round

Anthropic is now the most valuable AI company in Silicon Valley after a new $65 billion funding round.

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Business news • May 28

California sues 23andMe over 2023 data breach

May 28 () - The genetics ‌testing company ‌formerly known as ​23andMe was sued on Thursday by California ‌Attorney ⁠General Rob Bonta, over ⁠a 2023 data...

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Business news • May 28

Anthropic raises $65B in Series H funding at $965B post-money valuation

Anthropic has raised $65 billion in Series H funding led by Altimeter Capital, Dragoneer, Greenoaks, and Sequoia Capital, valuing the company at $965...

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Business news • May 28

Multistate Salmonella outbreak tied to moringa supplements tops 100 cases, leads to new recall

After reopening an investigation into a Salmonella outbreak tied to moringa leaf powder, the Centers for Disease Control and Prevention (CDC) yesterday...

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Business news • May 28

MIT Scientists May Have Found a Way to Pull Lithium From Rocks Without Trashing the Planet

For all its contribution to clean energy tech, lithium is a tricky, not-so-eco-friendly resource to retrieve. As such, scientists have sought more...

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Business news • May 28

CVS brings back coverage for Lilly's obesity drug Zepbound

CVS Health will restore Eli Lilly's weight-loss injection Zepbound to its list of covered ‌drugs and add the drugmaker's newly approved obesity pill,...

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Business news • May 28

Anthropic Tops OpenAI to Become the World’s Most Valuable A.I. Start-Up

Anthropic raised $65 billion in new fund-raising that put its value at $900 billion, ahead of OpenAI's last valuation of $730 billion, as the companies duel...

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Business news • May 28

Waymo’s newest robotaxi is Chinese-made, built to make money, and now accepting riders

Waymo has started giving select riders in Los Angeles, Phoenix, and San Francisco access to its newest robotaxi: an all-electric, minivan-like vehicle that...

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Business news • May 28

Introducing Claude Opus 4.8

We're upgrading Claude Opus to a new version: Claude Opus 4.8. It builds on Opus 4.7 with improvements across benchmarks, and is a more effective...

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Business news • May 28

Google Engineer Charged With Insider Trading After Making $1.2M On D4vd Polymarket Bet

Last fall, alt-pop singer d4vd made lots of headlines when a dead body later identified as 14-year-old Celeste Rivas Hernandez was found in his Tesla.

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Business news • May 28

CFPB’s Return-to-Office Plan Sets Stage for Resignation Wave (2)

The Trump administration is requiring nearly all Consumer Financial Protection Bureau staff members around the country to work out of a new office in...

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Business news • May 28

US first-quarter GDP growth revised lower to 1.6% pace

WASHINGTON, May 28 (Reuters) - U.S. economic growth was not a strong as initially thought in the first quarter, and momentum is set to slow this quarter,...

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Business news • May 28

Ferrari CEO defends new Luce EV, saying customer interest is strong

Ferrari is receiving "strong interest" for its new electric model, the Luce, from new and existing customers, CEO ​Benedetto Vigna said on Thursday as he...

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Business news • May 28

Elon Musk sends startling message on SpaceX, Tesla merger

SpaceX's looming Nasdaq debut has reignited bold merger talk on Wall Street.

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Business news • May 28

Bitcoin hits 6-week low as analyst says Strategy’s cash runway has collapsed to 6 months to cover its dividends

Now that bitcoin has tumbled below the key level of $74000, some experts say that, short of a major fresh catalyst soon, bitcoin could revisit...

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Business news • May 28

Bad cholesterol slashed 62% by single dose of gene-editing drug in small trial

An experimental gene-editing therapy that aims to lower bad cholesterol for the long-term after a single infusion is off to a positive start in an early...

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Business news • May 28

CNN Sues AI Firm Perplexity, Alleging It Engaged in ‘Massive Copyright Infringement’

CNN has sued Perplexity, alleging the AI company infringed the news network's copyrights and trademarks by illegally copying and distributing content...

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