Business news

Business news • Jun 24

Meta's Zuckerberg enters the prediction market arena — again, a step behind

Mark Zuckerberg has spotted a trend — once again, after others got there first. When videos exploded on TikTok, the Meta chief built Reels.

1 0 0

Business news • Jun 24

All 32 of the nation’s biggest banks clear the Fed’s annual ‘stress test’

The Federal Reserve says that all 32 of the nation's biggest banks have passed its annual stress test.

1 0 0

Business news • Jun 24

Banks ace stress test, but no capital changes at stake

Key insight: Banks performed well in this year's stress test despite a more severe worst case scenario, but the results will have no impact on capital...

1 0 0

Business news • Jun 24

Paramount-Warner Bros. Discovery Merger Inches Closer to a Done Deal

Paramount is inching closer to completing its $111 billion takeover of Warner Bros., a deal that will transform the studio into a theatrical and news...

1 0 0

Business news • Jun 24

Korea’s SK Hynix To Make Nasdaq Debut

Plus, Micron beats estimates and Cerebras shares tumble below IPO price.

1 0 0

Business news • Jun 24

Micron tops estimates, touts $22 bln in customer deals for memory chips

Micron forecast quarterly profit and revenue well ​above expectations on Wednesday and said its customers had committed $22 billion to lock in supplies of...

1 0 0

Business news • Jun 24

Why is Wendy’s a Meme Stock? The CFO Shakeup Explained

Wendy's stock jumps after a slew of posts on WallStreetBets urge retail traders to buy the struggling fast-food chain.

1 0 0

Business news • Jun 24

SpaceX stock slips as it announces $25 billion bond offering

SpaceX stock is in focus on Wednesday after the company completed a successful debt offering.

1 0 0

Business news • Jun 24

Micron Soars After AI-Fueled Forecast Shatters Estimates

Micron Technology Inc., the largest US maker of computer memory chips, surged in late trading after its quarterly sales forecast crushed Wall Street...

1 0 0

Business news • Jun 24

US banks would lose $700bn in economic crash, Fed stress tests find

The Federal Reserve found the largest US banks would lose more than $708bn in an economic collapse but remain above regulatory capital requirements,...

1 0 0

Business news • Jun 24

Fed stress test shows the biggest US banks are strong enough to withstand severe recession

The Federal Reserve's annual stress tests released Wednesday show that the largest US banks could withstand a severe recession with plenty of capital on...

1 0 0

Business news • Jun 24

Federal Reserve says U.S. banks can withstand $708 billion in losses amid overhaul of capital rules

Big banks passed: All 32 banks in the Fed's annual stress test remained above minimum capital requirements despite a hypothetical recession generating more...

1 0 0

Business news • Jun 24

Anthropic’s Mythos model found vulnerabilities in classified US government systems, official says

Anthropic has raised concerns over how the U.S. military would use its AI, while the administration has restricted the use of some of its models.

1 0 0

Business news • Jun 24

Betting on People’s Worst Instincts Has Kind of Always Been Mark Zuckerberg’s Thing

In an effort to get in on the massive amount of cash changing hands on Kalshi and Polymarket, Meta is allegedly working on a predictions market app,...

1 0 0

Business news • Jun 24

New Drugs Are Replacing Chemo for Aggressive Breast Cancer

Drug companies have found promising new options for one of the most aggressive and hardest-to-treat forms of breast cancer after decades with few...

1 0 0

Business news • Jun 24

Anthropic Accuses Alibaba of ‘Illicitly’ Accessing Its AI Models

Anthropic PBC accused Chinese technology giant Alibaba Group Holding Ltd. of waging a large-scale effort to “illicitly” access its Claude artificial...

1 0 0

Business news • Jun 24

Here’s why Slate changed the battery in its cheap EV truck

While there was probably a moment when Slate's leadership had to green-light the switch from one battery type to another, the momentum toward that decision...

1 0 0

Business news • Jun 24

Qualcomm stock pops 15% after chipmaker almost doubles projection for 2029 non-handset revenue

Qualcomm on Wednesday revealed a CPU for data centers called Dragonfly C1000, and said that Meta would use it when it starts production in 2028.

1 0 0

Business news • Jun 24

Meta plans to release AI-powered prediction market app, documents show

Meta is planning to launch its own prediction market app to compete with companies like Kalshi and Polymarket in a booming sector that some analysts project...

1 0 0

Business news • Jun 24

Love Musk Or Not On July 6, You Will Own SpaceX Stock

Whether you admire him or cannot stand him, Elon Musk is about to show up in your retirement account. You likely did not make that choice yourself.

1 0 0