Business
Nvidia plans first corporate bond sale since 2021 to raise up to $25 billion
The semiconductor company is seeking its first debt issuance in five years to fund AI growth and refinance existing obligations.
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Business
Business
Nvidia Plans First Debt Sale Since 2021 to Raise At Least $20 Billion
The AI chip leader is returning to the investment-grade bond market for the first time in five years to fund capital requirements.
Business
SpaceX IPO Total Rises to $85.7 Billion as Underwriters Exercise Option
The record-breaking initial public offering grew after underwriters purchased an additional 83.3 million shares to meet investor demand.
Business
SpaceX IPO Debuts on Nasdaq, Making Elon Musk World's First Trillionaire
The aerospace company's record-breaking public listing has propelled founder Elon Musk into uncharted financial territory as the first person to reach a trillion-dollar net worth.
Business
OpenAI Confidentially Files for IPO
The ChatGPT creator has submitted a draft registration statement to the SEC, following a similar move by rival Anthropic.
Business
Chip Stock Selloff Erases $1 Trillion in Market Value
A sharp reversal in semiconductor stocks on Friday sent the Nasdaq to its worst day in over a year amid AI spending concerns and rising interest rate fears.
Business
Fusion Startup Helion Raises $465M for Microsoft Power Plant
The Sam Altman-backed company is working to complete a fusion power plant for Microsoft by 2028.
Business
Quantinuum Stock Opens at $68 in Blockbuster Quantum Computing IPO
The company raised $1.68 billion in an upsized offering, with shares debuting 13% above the initial public offering price.
Business
Fired 60 Minutes Correspondent Scott Pelley Accuses CBS of Pushing 'Falsehoods'
Veteran journalist claims network executives instructed him to inject bias and unverified claims into reporting before his termination.
Business
US Proposes Tariffs on 60 Economies Over Forced Labor Concerns
The Trump administration is proposing tariffs of up to 12.5% on dozens of trading partners, including the EU and Japan, citing failures to curb forced labor imports.
Business
SpaceX Targets $1.75 Trillion Valuation in Record-Breaking IPO
The rocket company is preparing for what is expected to be the largest initial public offering in history, with a roadshow slated to begin June 4.
Business
Taiwan President Lai Links Status Quo to Global Tech Supply Chain Security
President Lai Ching-te stated that preserving the status quo is essential for securing the global supply chains of AI and advanced semiconductors.
Business
CFTC Regulatory Shifts Trigger Decline in Wall Street Exchange Stocks
Investors are selling off traditional exchange stocks as changes at the Commodity Futures Trading Commission open doors for prediction markets and new derivatives.
Business
Canada Formally Requests Renewal of USMCA Trade Pact
Canadian Trade Minister Dominic LeBlanc has called for the renewal of the North American free trade deal as the U.S. begins formal talks with Mexico.
Business
AI Company Anthropic Confidentially Files for US IPO
The creator of the Claude chatbot has filed confidential paperwork with the SEC to go public this year, beating rival OpenAI to the filing stage.
Business
Remote work driving youth unemployment, New York Fed study finds
Research suggests the rise of remote work has made businesses more reluctant to hire inexperienced workers, impacting recent college graduates more than AI has.
Business
NBA Board of Governors Passes New Anti-Tanking Lottery Rules
The NBA has expanded its draft lottery to 16 teams and implemented restrictions to prevent teams from winning the top pick in consecutive years.
Business
Berkshire Hathaway to Acquire Homebuilder Taylor Morrison in Cash Deal
The acquisition marks one of the first major strategic moves by Greg Abel since succeeding Warren Buffett as CEO in early 2026.
Business
China's Rapid Growth in Drug Development Challenges U.S. Dominance
The emergence of China as a hub for cutting-edge pharmaceutical innovation is shifting the global drug market and challenging established U.S. and European norms.
Business
Mercedes-Benz Faces Potential U.S. Market Ban Under Chinese Ownership Bill
A congressional bill targeting Chinese-linked automakers could block new Mercedes-Benz vehicles from the U.S. market due to ownership by BAIC.
Business
UnitedHealthcare to Cut Most Prior Authorization Requirements for Pediatric Patients
The nation's largest health insurer will remove two-thirds of authorization requirements for members under 18 by the end of 2026.
Business
Oil Prices Drop 20% From 2026 Peak Amid U.S.-Iran Ceasefire Optimism
Brent crude prices have retreated sharply following reports that the U.S. and Iran have mostly agreed to a 60-day memorandum of understanding to pause hostilities.
Business
Google Engineer Charged in $1.2 Million Polymarket Insider Trading Scheme
Federal prosecutors allege a Google software engineer used confidential search data to make over $1 million in profits on the prediction market platform Polymarket.
Business
Snowflake Shares Surge 36% Following Earnings Beat and $6 Billion AWS Deal
The cloud data platform provider raised its annual product revenue forecast and announced a deepened partnership with Amazon Web Services to utilize Graviton chips.
Business
Ferrari Unveils Luce, Its First All-Electric Five-Seater
The luxury automaker has launched the Luce, a four-door electric vehicle with over 1,000 horsepower targeting younger buyers and the Chinese market.
Business
BP Removes Chairman Albert Manifold Over Conduct Concerns
The board of the British energy major unanimously ousted the chairman with immediate effect, triggering a decline in share prices.
Business
Micron Reaches $1 Trillion Market Capitalization Following 18% Stock Surge
The semiconductor company hit the milestone as AI-driven demand for memory chips sparked a significant increase in its share price.
Business
Canada's Tripling of 'Netflix Tax' on U.S. Streamers Faces Industry Skepticism
Local creative guilds and unions are questioning a recent CRTC ruling that increases financial contributions from major U.S. streaming platforms.
Business
Oil Prices Drop Sharply on Reports of U.S.-Iran Peace Deal
Crude oil futures fell after U.S. officials indicated an agreement in principle to end the conflict with Iran and reopen the Strait of Hormuz.
Business
Chancellor Rachel Reeves instructs ministers to prioritize British companies
The UK Chancellor has directed cabinet colleagues to prioritize domestic firms for government contracts in four critical industrial sectors.
Business
Leadership Disputes Threaten Europe's Major Defense Projects
Disagreements over industrial control and military priorities are impacting a €100 billion fighter jet project and a Franco-German tank initiative.
Business
99% of CEOs Expect AI-Driven Layoffs Within Two Years
A report from consulting firm Mercer indicates nearly all surveyed executives anticipate AI initiatives will lead to workforce reductions.
Business
US Treasury Rout Tests Washington's Tolerance for Higher Borrowing Costs
Rising Treasury yields are impacting borrowing costs across the US economy, including mortgages and business loans, amid surging government borrowing.
Business
SpaceX Confidentially Files for IPO With $28 Trillion Addressable Market
The rocket and satellite company's S-1 filing includes 36 pages of risk factors and a valuation target that could make it one of the largest IPOs in U.S. history.
Business
Kevin Warsh Sworn In as Federal Reserve Chair
Kevin Warsh assumed leadership of the U.S. central bank Friday during a White House ceremony, replacing Jerome Powell.
Business
Chinese Fast-Fashion Giant Shein to Acquire Everlane
Shein is acquiring the U.S.-based sustainable clothing retailer Everlane as the latter struggles with declining sales and mounting debt.
Business
Guzman y Gomez Exits US Market Citing High Costs and Crowded Market
The Australian Mexican-themed fast-food chain will close its US operations and refocus on its home market after poor sales performance.
Business
Oil Prices Jump Over 3% After Iran Supreme Leader Orders Uranium to Stay in Country
Global crude markets reacted sharply to a directive from Iran's Supreme Leader regarding enriched uranium, complicating ongoing peace talks with the United States.
Business
Air France and Airbus Found Guilty of Corporate Manslaughter in 2009 Crash
A Paris appeals court has convicted the airline and aircraft manufacturer over the Rio-Paris disaster that killed 228 people.
Business
SpaceX Files Paperwork for Potential Record-Breaking IPO
Elon Musk's rocket and satellite company has submitted preliminary filings for an initial public offering that could be the largest in history.
Business
UK strikes £3.7bn trade deal with six Gulf states
Prime Minister Keir Starmer describes the agreement as a "huge win" for British business, marking the first G7 country to strike such a deal with the bloc.
Business
Intuit to lay off 3,000 employees to refocus on AI
The software company is cutting approximately 17% of its global workforce to streamline operations and prioritize AI-driven products.
Business
Over 47,000 Samsung Electronics Workers Set to Strike
Wage negotiations between the world's largest memory-chip maker and its union have broken down, leading to a planned strike on Thursday.
Business
SpaceX Selects Goldman Sachs to Lead Record-Breaking IPO
The aerospace company has appointed Goldman Sachs to the lead-left position for an initial public offering expected to set records.
Business
U.S. Mortgage Rates Reach Highest Level Since July
The average 30-year fixed loan rate rose Tuesday, driven by geopolitical uncertainty and Treasury yield pressure.
Business
Iran Seeks to Charge Big Tech Fees for Undersea Cables in Strait of Hormuz
Iranian lawmakers and state-linked media are proposing annual fees for tech companies using fiber-optic cables beneath the strategic waterway.
Business
White House Expands TrumpRx Site With More Than 600 Generic Drugs
The administration has partnered with Amazon Pharmacy, GoodRx, and Mark Cuban's Cost Plus Drug Co to expand the direct-to-consumer platform.
Business
Kevin Warsh to be sworn in as Federal Reserve chair on Friday
President Donald Trump will swear in his hand-picked choice to lead the U.S. central bank during a White House ceremony.
Business
NextEra Energy to Acquire Dominion Energy in $66.8 Billion Deal
The all-stock transaction creates the world's largest regulated electric utility business to meet rising power demands from AI data centers.
Business
LIRR Workers Strike, Shutting Down Busiest U.S. Passenger Rail Service
Thousands of employees walked off the job Saturday morning, marking the first strike in over 30 years for the North American commuter rail system.
Business
BlackRock Considers $5 Billion to $10 Billion Investment in SpaceX IPO
The world's largest asset manager has discussed a multibillion-dollar anchor investment in the aerospace company's upcoming public listing.
Business
North America’s Largest Commuter Rail System Shuts Down Amid Worker Strike
The Long Island Rail Road ceased operations on Saturday after unionized workers representing half the workforce walked off the job.
Business
US Federal Government Sues Chick-fil-A Franchisee Over Religious Discrimination
The US government alleges a franchisee denied an employee's request for Saturdays off to observe the Sabbath.
Business
Berkshire Hathaway Takes $2.6 Billion Stake in Delta Air Lines
The Omaha-based conglomerate returns to the airline sector with a position that ranks as its 14th-largest holding.
Business
UAE Accelerates Oil Pipeline Project to Bypass Strait of Hormuz
The United Arab Emirates is fast-tracking a new West-East pipeline to double oil export capacity through Fujairah by 2027.
Business
Senate Banking Committee Advances Crypto Regulation Clarity Act
The Senate Banking Committee voted 15-9 to advance the Digital Asset Market Clarity Act, moving the comprehensive crypto regulatory bill toward a full Senate vote.
Business
Cerebras Debuts on Nasdaq at $350, Surpassing $100 Billion Market Cap
The Sunnyvale-based AI chipmaker's stock opened significantly above its IPO price, marking one of the largest Nasdaq debuts of 2026.
Business
Honda Reports First Annual Loss Since 1957 Amid EV Strategy Shift
The Japanese automaker recorded its first-ever annual loss due to restructuring costs and a reversal of aggressive electric vehicle goals.
Business
Iran War Accelerates Global Shift Toward Chinese Clean Energy Tech
Geopolitical instability in the Middle East is driving increased demand for Chinese electric vehicles, solar, and batteries ahead of talks between President Trump and President Xi.
Business
Origin Lab Raises $8M to Launch Video Game Data Marketplace
The startup will connect video game companies selling licensed assets and gameplay footage with AI labs building world models.
Business
US Inflation Rises to 3.8% as Iran War Drives Energy Costs Higher
The Consumer Price Index reached its highest level since May 2023, driven by surging costs for gasoline and groceries amid the conflict with Iran.
Business
eBay Rejects GameStop's $56 Billion Takeover Bid
eBay chairman Paul Pressler described the unsolicited cash-and-stock proposal from GameStop as "neither credible nor attractive."
Business
Oil Prices Surge After Trump Rejects Iran Peace Proposal
Global energy markets reacted with price increases as the U.S. President rebuffed Iran's latest offer to end the Middle East conflict and the Strait of Hormuz remained shut.
Business
Study Links Long Working Hours to Higher Obesity Rates
International research presented in Istanbul suggests a correlation between extended work hours and obesity, prompting calls for a four-day work week in the UK.
Business
Dell Stock Rises 14% Following Endorsement from President Trump
Shares of Dell Technologies surged after President Trump encouraged consumers to buy the company's products, following $6.25 billion in donations from the Dell family.
Business
Uber Accelerates Strategy to Expand Beyond Ride-Sharing
The company is pivoting toward a 'super app' model and deeper integration into the autonomous vehicle industry to diversify its business.
Business
General Motors to pay $12.75 million in California driver privacy settlement
The automaker will pay the largest penalty to date under California's data privacy law following allegations it illegally sold driver behavior and location data.
Business
Declining Gulf Remittances Strain Pakistani Households
Decreased financial transfers from workers in the Gulf are impacting the ability of millions of Pakistani families to afford basic needs and education.
Business
Trump Media reports $406 million first-quarter loss
The parent company of Truth Social reported a net loss exceeding $400 million for the first quarter of 2026, primarily due to declining cryptocurrency valuations.
Business
Nike Hit With Class Action Lawsuit Over Tariff Refund Allegations
Consumers allege the athletic apparel company pocketed tariff refunds while maintaining higher retail prices for footwear and apparel.
Business
Intel Shares Surge Following Report of Preliminary Chip Deal With Apple
Intel stock reached a record high Friday after reports that the company reached a preliminary agreement to manufacture chips for Apple devices.
Business
India Notifies New Labour Codes Capping Weekly Work Hours at 48
The central government has operationalized new labour reforms consolidating 29 laws into four, introducing standardized wage regulations and overtime pay requirements.
Business
Apple and Intel Reach Preliminary Agreement for Chip Manufacturing
Intel will manufacture some of the chips used in Apple devices under a preliminary deal reported by the Wall Street Journal.
Business
Oil Prices Surge Following U.S.-Iran Fire Exchange in Strait of Hormuz
Crude oil futures jumped Friday as renewed hostilities between the U.S. and Iran threatened a fragile ceasefire and global supply chains.
Business
US Trade Court Rules Trump's 10% Global Tariffs Illegal
A federal court panel found that the 10 percent across-the-board tariffs imposed by President Trump violated the law.
Business
Oil Prices Drop Below $100 as Markets Await Iran Response to U.S. Deal
Crude oil futures fell sharply Thursday as investors reacted to reports of a draft plan to end the conflict between the United States and Iran.
Business
SoftBank Shares Surge Over 16% as Nikkei 225 Hits Record High
The benchmark Nikkei 225 index rose more than 5% as Japan reopened following Golden Week holidays, driven by a rally in technology stocks.
Business
CNN Founder Ted Turner Dies at 87
The media mogul and philanthropist pioneered the 24-hour news cycle by launching the Cable News Network in 1980.
Business
Samsung Electronics reaches $1 trillion market valuation
The South Korean tech giant joins the $1 trillion club following a surge in AI-driven semiconductor demand and record-breaking gains on the KOSPI.
Business
FDA Authorizes First Fruit-Flavored E-Cigarettes for Adult Smokers
The U.S. Food and Drug Administration has shifted policy to allow fruit-flavored vaping products intended for adults.
Business
UAE Departure from OPEC Raises Concerns Over Global Energy Volatility
The United Arab Emirates' decision to leave the OPEC oil cartel has sparked concerns regarding price stability and the future of regional energy alliances.
Business
Intel Shares Hit All-Time High Following Reports of Apple Chip Talks
Intel stock surged 14% on Tuesday amid reports that the company is in early discussions with Apple regarding a chip-making partnership for U.S. devices.
Business
Russia's Northern Sea Route Faces Political and Environmental Hurdles
Moscow's ambitions to turn the Arctic shortcut into a global trade artery are hampered by sanctions and environmental risks.
Business
Dubai's Financial Hub Status Tested by Iran Conflict
Wealthy elites are reportedly shifting assets to Singapore and Switzerland as regional tensions challenge Dubai's reputation as a safe haven.
Business
GameStop Makes Unsolicited $56 Billion Takeover Offer for eBay
CEO Ryan Cohen proposes a cash and stock deal valuing eBay at $125 per share to create a larger rival to Amazon.
Business
GameStop CEO Ryan Cohen Makes Unsolicited $56 Billion Offer for eBay
CEO Ryan Cohen seeks to transform the video game retailer into a larger competitor to Amazon through the acquisition of the e-commerce platform.
Business
US Department of Justice Sues Cloudera for Hiring Discrimination
The DOJ alleges the California-based tech firm used a sham hiring process to favor temporary visa holders over American workers.
Business
Bard College President Leon Botstein to Retire Following Epstein Scrutiny
Leon Botstein announced his retirement as president of the New York college after an independent review of his ties to Jeffrey Epstein.
Business
Hourly Workers Face Unstable Pay and Schedules Due to Algorithmic Management
Employees across multiple industries report erratic scheduling and pay cuts as companies implement software to minimize labor costs and maximize productivity.
Business
Israel Approves Multi-Billion Dollar Deal for F-35 and F-15IA Fighter Jets
The purchase of two new combat squadrons from Lockheed Martin and Boeing marks the first step in a 350 billion shekel force-building plan titled 'Shield of Israel'.
Business
OPEC+ Raises Oil Production Quotas Amid Strait of Hormuz Closure
Seven major producers will increase output by 188,000 barrels per day in June, though disruptions in the Persian Gulf limit actual supply.
Business
US Approves $8.6 Billion in Emergency Arms Sales to Middle East Allies
The Trump administration bypassed congressional review to fast-track military equipment to Israel, Qatar, Kuwait, and the United Arab Emirates.
Business
US Approves $8.6 Billion in Emergency Arms Sales to Middle East Allies
The Trump administration bypassed congressional review to fast-track military equipment to Israel, Qatar, Kuwait, and the United Arab Emirates.
Business
Spirit Airlines Shuts Down After Failed Government Bailout
The ultra-low-cost carrier ceased all global operations Saturday after failing to secure a $500 million rescue deal from the Trump administration.
Business
Spirit Airlines Shuts Down Following Failed Government Bailout
The US budget carrier ceased all operations after a surge in jet fuel prices and failed rescue talks left the airline unable to survive.
Business
Trump Announces Increase of EU Car Tariffs to 25%
President Trump stated that tariffs on European Union cars and trucks will rise to 25% next week due to alleged non-compliance with a trade agreement.
Business
Syria Emerges as Alternative Oil Corridor Amid Hormuz Blockade
Syria is facilitating the overland transport of Iraqi crude oil to Europe as conflict and blockades disrupt the Strait of Hormuz.
Business
Venezuela Crude Exports Hit Highest Level Since 2018
April exports rose 14% to 1.23 million barrels per day as U.S. sanctions eased and demand grew from India, the U.S., and Europe.
Business
Drugmaker Files Emergency Appeal After Court Limits Mifepristone Access
Danco Laboratories is seeking a Supreme Court intervention after a federal appeals court reinstated in-person requirements for the abortion pill.
Business
Spirit Airlines Ceases Operations After 34 Years
The ultra-low-cost carrier has halted all flights and entered liquidation following prolonged financial distress.