Latest stories, analysis, and insights from the world of business.
Brent crude rose by almost 7% to more than $126 a barrel following reports that the US military is preparing to brief President Trump on new plans for potential action against Iran, amid ongoing tensions in the Strait of Hormuz.
Pakistan's oil import bill has surged from $300 million to $800 million amid Middle East conflict, threatening to unleash cascading economic crises that could undermine Prime Minister Shehbaz Sharif's government.
AstraZeneca has certified over 17,000 employees in AI competencies as part of its strategy to reach $80 billion in revenue by 2030, with CFO Aradhana Sarin highlighting AI's role in prioritizing among 1,000 active pilots and scaling successful initiatives.
Mohamed El-Erian warns that the global economy has just four to eight weeks to avoid recession if the Strait of Hormuz remains closed due to the Iran-U.S.-Israel conflict affecting oil supply.
Alphabet exceeded expectations with Q1 revenue of $109.9B, up 22% year-over-year, driven by Google Cloud's impressive 63% growth to $20B. The strong results sent GOOG shares jumping over 6% in pre-market trading.
Whitbread, the owner of Premier Inn, plans to cut 3,800 jobs in the UK and Ireland as part of a five-year plan to save £250m and overhaul its restaurant operations.
Alphabet reported Q1 2026 revenue of $109.9B, up 22% year-over-year and beating estimates of $107.2B. Google Cloud revenue surged 63% to $20B, exceeding expectations of $18.05B, driving GOOG shares up 6%+ in after-hours trading.
The Bank of England is widely expected to keep interest rates at 3.75% due to ongoing uncertainty from Middle East conflict and its impact on the UK economy and inflation.
Intel's stock hit its best performance since October 1987, closing up 23.6% after the chipmaker delivered strong Q1 earnings and an optimistic forecast driven by AI-powered CPU demand. CEO Lip-Bu Tan's turnaround efforts are showing results as the company strengthens its position in the AI boom.
U.S. defense companies are experiencing unprecedented growth as Trump's $1.5 trillion defense budget and the Iran war create massive opportunities for military contractors to restock depleted weapons and munitions.
Intel shares hit record highs after the chipmaker delivered strong Q1 2026 results and an upbeat forecast driven by AI demand, with CEO Lip-Bu Tan showing signs of successful turnaround efforts.
Kelonia Therapeutics came within a week of running out of cash three times over five years, but still managed to secure a $3.2 billion acquisition by Eli Lilly. Venrock partner Bryan Roberts explains how the small startup landed such a massive deal.
Altra Running's distinctive wide toe box and zero-drop design make their shoes perfect for trail running and hiking. Current sales offer up to 50% off select styles, plus additional discounts through SMS and loyalty programs.
Indian instant house-help startup Pronto is finalizing a $20 million funding round led by tech investor Lachy Groom that would double the company's valuation from $100 million to $200 million in just weeks.
The Samueli family is financing OCVIBE, projected to be the largest entertainment venue in the United States when completed in 2028. The 95-100 acre development around the Honda Center will include concert spaces, dining venues, parks, hotels, and residential units.
Chinese electric vehicle manufacturer BYD claims it can succeed without the US market, focusing instead on expansion in Asia, Europe, and Brazil as demand for EVs rises globally amid higher fuel prices.
Nvidia shares hit their first record since October, rising 4.3% as investors pile into AI chip stocks ahead of tech earnings. The rally was sparked by Intel's strong earnings and chipmaker optimism.
Former Microsoft CEO Steve Ballmer wrote a fiery letter for the sentencing of disgraced Aspiration Partners founder Joseph Sanberg, who pleaded guilty to wire fraud and defrauding investors including Ballmer.
The most recent electric vehicle sales data provided a grim picture — at least for new EVs. Used EVs are moving in the opposite direction.
With gasoline prices averaging above $4 a gallon nationally, drivers are grappling with a sharp rise in fuel costs. How can you get the most out of every fill-up?