Business news

Business news • Jun 28

Chip Makers Are Profiting Off AI at the Expense of Just About Everyone Else

We are witnessing an extraordinary transfer of cash from the providers of AI—and, perhaps one day, AI users—to memory-chip makers.

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Business news • Jun 28

Millions of Investors Are About to Own SpaceX Stock Indirectly -- Whether They Want to or Not

For the first time, anyone who owns an index fund is about to own a piece of SpaceX (NASDAQ: SPCX). The rocket and satellite company went public on June 12...

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Business news • Jun 28

Google just took crown Verizon held for 22 years

Verizon joined the Dow Jones Industrial Average in 2004, when AT&T was removed and the index needed a new telecommunications name. It held that seat for 22...

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Business news • Jun 28

Expect DEI to be a non-factor in the horse race for Jamie Dimon’s JPMorgan successor

Last week, JPMorgan Chase startled Wall Street with an abrupt disclosure that two of its senior bankers — Troy Rohrbaugh and Doug Petno — had been named...

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Business news • Jun 27

Why tech firms are raising PC and console prices - and blaming AI for chip costs

Xbox consoles, Nintendo's new Switch 2 and Valve's Steam Deck are just some of the gadgets seeing price hikes in recent months.

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Business news • Jun 27

Marjorie Taylor Greene Says It Is 'Awful' That 'No One Is Standing Up For Cancer Patients' After Bayer Scores Roundup Victory In Supreme Court

Former Rep. Marjorie Taylor Greene criticized both the U.S. Supreme Court and President Donald Trump after the court sided with Bayer AG in a major Roundup...

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Business news • Jun 27

Major airline announces daily flights from California to Japan amid surging demand

A massive surge in demand for flights from California to Japan has sparked a major airline to offer non-stop flights daily to the region starting this...

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Business news • Jun 27

Amazon Prime Day offers a glimpse into U.S. consumer as shoppers navigate with pinched wallets

The multibillion-dollar spend marks a 9.3% year-over-year increase that retail experts attribute to high ​inflation coupled with shoppers' purchasing of...

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Business news • Jun 27

Powerball for Saturday, June 27, nears $350 million week before July 4

On the 2026 Father's Day weekend Powerball, a Florida ticket matched 5 to win $2 million. Was it you? Jackpot was $348 million a week before July 4th.

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Business news • Jun 27

SoftBank’s CEO isn’t the only one with questions about Elon Musk’s orbital data center hype

Not everyone is buying Elon Musk's vision for orbital data centers.

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Business news • Jun 27

F.A.A. Investigates Drone Encounter at Newark Airport

The crew of a Boeing 737 arriving from Florida on Friday reported a drone in the airspace as the plane approached Newark Airport. The plane landed safely.

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Business news • Jun 27

There’s a ‘Trump account’ hack that can unlock decades of wealth-building for your kid

Trump accounts are essentially “a form of traditional IRA available for children under the age of 18,” according to the Congressional Research Service.

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Business news • Jun 27

Beloved Brookline restaurant closes after over 60 years in business

A well-known Brookline restaurant announced on Instagram that it officially closed for good after over 60 years in business.

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Business news • Jun 27

Tech Equity Sales Renew AI Debt-Binge Worries

Tech companies are selling stock like it's the dot-com boom, and some investors fear that's a bad sign for bondholders.

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Business news • Jun 27

America In Focus: Key inflation gauge surges to 3-year high, mortgage rate climbs

The Federal Reserve's preferred inflation gauge rose to a new three-year high in May as gas prices peaked, a sign rising costs could pose political problems...

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Business news • Jun 27

Sell the House in Retirement and Medicare Bills You for It 24 Months Later.

A couple sold their longtime home in 2024 for $1.2 million after buying it decades ago for $300,000. After applying the $500,000 married-filing-jointly...

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Business news • Jun 27

Police: Father and daughter, 11, shot outside Hallandale Beach McDonald’s; suspect at large

An 11-year-old girl and a man were shot outside a McDonald's in Hallandale Beach on Saturday afternoon, deputies with the Broward Sheriff's Office confirmed...

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Business news • Jun 27

Nobel economist warns AI doomsday job fears could become self-fulfilling prophecy

Robert Shiller, who won the Nobel Prize for economics in 2013, warned that frenzied fears about AI taking over all human jobs could become a self-fulfilling...

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Business news • Jun 27

It's Official: SpaceX To Join Nasdaq 100. Here's When It'll Join.

SpaceX stock will be added to the Nasdaq-100 index before the open on Tuesday, July 7, Nasdaq confirmed late Friday. That will pave the way for passive...

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Business news • Jun 27

SpaceX, AT&T, T-Mobile, Verizon, EchoStar among AWS-3 auction winners

US mobile's Big Three of AT&T, T-Mobile and Verizon, along with SpaceX and EchoStar, were among the winning bidders of AWS-3 spectrum auction, according to...

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