Business news

Business news • Jul 01

Amazon Stock, Broadcom Are Big Winners as U.S. Lifts Ban on Anthropic AI Model

Amazon stock and Broadcom could get a boost from news Anthropic has struck a deal with the Trump administration over its latest AI model.

0 0 0

Business news • Jul 01

‘We are screwed’: People near data centers dread heat wave pollution.

Extreme temperatures threaten to strain the grid as data centers are increasing energy demand. What could go wrong?

0 0 0

Business news • Jul 01

Kroger to buy grocer Giant Eagle in $1.65 billion deal as competition heats up

U.S. grocer Kroger has reached a $1.65 billion deal to buy regional supermarket chain Giant Eagle, it said on Wednesday, strengthening its presence in the...

0 0 0

Business news • Jul 01

Michael Burry Cites ‘Beginning of the End’ With New AI Short Bets

Tesla, Caterpillar, semiconductor manufacturer Applied Materials and an ETF tracking chip makers are among the latest bearish bets announced by Burry,...

0 0 0

Business news • Jul 01

Italian CEO Of Bending Spoons, Owner Of AOL And Evernote, Is Worth $2.4 Billion After IPO

Buying busted apps made Bending Spoons's four cofounders billionaires. Now their stakes have collectively jumped to $8.9 billion after the Milan-based...

0 0 0

Business news • Jul 01

Lime begins life as a public company after years of uncertainty

The nine-year-old scooter and bike-share company has said it needs the funds to help pay down around $1 billion in liabilities.

0 0 0

Business news • Jul 01

Fiat's Summer Fun Includes Bringing Topolino Stateside and Showing the Adorable Multiplina Concept

Pour yourself an Aperol spritz and settle in for a bit of Eurocentric car spotting.

0 0 0

Business news • Jul 01

Can Bending Spoons thrive as a listed company?

A rare Italian software star uses the private-equity playbook | Business.

0 0 0

Business news • Jul 01

AOL and Eventbrite owner Bending Spoons soars 40% on Nasdaq debut

Italian tech group behind Vimeo and Evernote raises $1.68bn in one of Europe's biggest technology IPOs this year.

0 0 0

Business news • Jul 01

Bank Of America Advises Hedging Portfolios Ahead Of Potential Q3 S&P 500 Pullback, Warns Of 'Three-Wave Correction'

Bank of America Corp. is warning investors to hedge their portfolios as the bank sees a potential correction in the S&P 500 index in the third quarter of...

0 0 0

Business news • Jul 01

The World’s Top Economists Are Sounding the Alarm on AI

SINTRA, Portugal—One question has dominated the annual gathering of the world's top central bankers and economists: Is artificial intelligence a boon or a...

0 0 0

Business news • Jul 01

CMA CGM to buy FedEx third-party logistics arm for $1.4 billion

CMA CGM has agreed to buy FedEx's third-party logistics business for an enterprise ​value of $1.4 billion as the French shipping group seeks to expand ‌its...

0 0 0

Business news • Jul 01

5 charts showing how ‘dumb money’ is transforming the stock market, as retail traders smash Wall Street records

The retail-investor takeover of the U.S. stock market has reached a fresh milestone over the past couple of months, according to a top strategist at Citadel...

0 0 0

Business news • Jul 01

America is mighty—but becoming less dominant

Ahead of its 250th birthday, an empirical look shows the world's leading country no longer stands so far apart.

0 0 0

Business news • Jul 01

Multiple states installing new gas tax this week — as others plan to soon follow suit

States across the country are increasing their gas tax right as the Fourth of July weekend approaches — happy birthday, America. The time comes as pump...

0 0 0

Business news • Jul 01

After spooking Trump into safety testing, Anthropic AI models get global release

The US has lifted export curbs on Anthropic's newest Claude models, Fable 5 and Mythos 5, about three weeks after the Trump administration flagged the...

0 0 0

Business news • Jul 01

U.S. Treasury Debt Jumps By $3.1 Trillion Since Passage Of The One Big Beautiful Bill Act

U.S. debt nears $40T as borrowing and $1.2T interest costs surge—GAO and Ray Dalio warn of fiscal risks. Click here to read in detail.

0 0 0

Business news • Jul 01

Palantir Billionaire Alex Karp Calls AI Industry ‘Effing Insane’ In Heated Interview

Palantir CEO Alex Karp on Wednesday called the AI industry “effing insane” in a heated interview on CNBC, accusing leading AI firms of overcharging,...

0 0 0

Business news • Jul 01

Inside the General Mills Earnings Beat That Has the Stock Rising

stock popped on Wednesday after the company reported better-than-expected fourth-quarter profit and said it's efforts to adjust product prices have started...

0 0 0

Business news • Jul 01

Automakers See Stable Car Sales Despite War and Inflation

Vehicle sales in the United States have not declined this year as they have during past times of war and economic pressure.

0 0 0