Latest stories, analysis, and insights from the world of business.
Despite historically low market penetration in the Asia-Pacific region, cyber insurance adoption is accelerating, with organizations reporting over 100% growth in adoption rates between 2024 and 2025 as ransomware threats and rapid digitalization drive demand.
Voyager founder Dylan Taylor is capping his children's inheritance at eight figures and pledging the rest to philanthropy, joining billionaires like Bill Gates in rejecting generational wealth transfer as harmful to families and society.
Federal prosecutors charged a Google employee with fraud after he allegedly made $1.2 million on Polymarket bets using confidential Google data about Search trends for 2025, placing bets under the username AlphaRacoon.
Voyager founder Dylan Taylor, who became a billionaire at 53, has decided to cap his children's inheritance at eight figures and donate the rest to philanthropy, following a similar approach to Bill Gates who believes generational wealth transfer is bad for society and future generations.
The CFTC has joined Gemini in filing a motion to vacate the exchange's $5 million settlement from January 2025, contending that current agency management would not have pursued the case under its present enforcement standards and practices.
Minneapolis Federal Reserve President Neel Kashkari emphasized that combating inflation remains the Fed's top priority, warning that consumer prices are "much too high" despite the labor market being in decent shape. Speaking at the Bank of Japan-IMES Conference, Kashkari highlighted the risk of unanchored inflation expectations and cited energy and fertilizer costs as key inflationary drivers.
Federal Reserve official Neel Kashkari addresses current economic conditions including inflation trends and the state of the job market.
Snowflake's stock surged 36% after beating quarterly earnings expectations and announcing a $6 billion commitment to spend on Amazon Web Services over five years, including custom Arm-based Graviton chips for AI workloads.
Federal prosecutors charged Google employee Michele Spagnuolo with fraud after he allegedly made $1.2 million on Polymarket bets using confidential internal data about Google's "Year in Search 2025" results.
Uber has raised its stake in Delivery Hero to approximately 37% by acquiring Aspex Management's 14.6% share at a €12 billion valuation, escalating its pursuit of the German food delivery company following a takeover offer last week.
Snowflake stock surged 35% after reporting strong first-quarter earnings and announcing a $6 billion spending commitment with Amazon Web Services over five years, including investments in custom Arm-based Graviton chips and AI graphics processing units.
Uber has acquired Aspex Management's 14.6% stake in Delivery Hero at a €12B valuation, raising its total stake to approximately 37%, following a takeover offer made last week.
Global markets surge as negotiations between the US and Iran progress, with oil prices plunging on hopes that a ceasefire deal will reopen the Strait of Hormuz and ease economic uncertainty.
While AI tools have boosted individual worker productivity, broader economic efficiency gains remain elusive, mirroring the "productivity paradox" seen during the early internet era of the 1990s.
HP Inc. beat revenue expectations in Q2 with $14.4B in revenue, up 9% year-over-year, driven by strong PC demand from AI-enabled devices and Windows 11 refresh cycles. The company forecasts Q3 adjusted EPS above estimates while managing rising memory chip costs.
Hilary Duff reveals in a commencement address that saying yes to every opportunity early in her career ultimately hurt her professional growth and voice, advising Gen Z to be selective and intentional with their energy.
Payroll service provider Remote has surpassed $300 million in annual recurring revenue and achieved a 50% increase in revenue per employee by adopting AI across the entire organization, without hiring additional staff.
Oil prices tumbled more than 5% after Secretary of State Marco Rubio signaled the U.S. will pursue diplomatic talks with Iran while keeping military options on the table. West Texas Intermediate futures fell to $88.68 per barrel amid ongoing negotiations over reopening the Strait of Hormuz shipping lane.
A new study from the National Bureau of Economic Research reveals that parental wealth has become a more reliable predictor of financial success than personal income, as high earnings no longer guarantee homeownership or wealth generation for most Americans.
Oil prices tumbled more than 4% after Secretary of State Marco Rubio signaled the U.S. is committed to giving diplomatic talks with Iran "every chance to succeed," raising hopes for a potential deal that could restore shipping through the critical Strait of Hormuz.