Latest stories, analysis, and insights from the world of business.
UK household energy bills will rise by 13% in July as soaring wholesale gas costs caused by the Iran war hit households for the first time, with typical bills increasing by £209 annually to £1,850.
Save on streaming with the latest Paramount+ promo codes and deals, including 50% off subscriptions, free trials, and more for new and existing subscribers.
Private equity firm Hg has agreed to acquire Rightsline, a software platform that helps Disney, the BBC, WBD, and other major media companies manage IP licensing deals, for $500 million.
China's electric vehicle exports surged 40 percent in April to 278,081 units, with Asia, Europe, and Latin America leading import regions despite trade restrictions from the US and EU.
SK Hynix surpassed a $1 trillion market capitalization as shares jumped 11% on strong demand for AI-related semiconductor chips, joining Samsung Electronics as South Korea's trillion-dollar chip giants dominating the region's benchmark index.
SK Hynix surpassed a $1 trillion market valuation after its shares soared more than 900% in the past year, making it the third Asian company to reach this milestone as AI demand for memory chips drives valuations higher.
As SpaceX prepares for its Nasdaq IPO with a $1.25 trillion valuation, speculation builds that Elon Musk plans to eventually merge the rocket company with Tesla, leveraging their shared AI and computing resources to create a mega-conglomerate.
Baby boomers' refusal to retire or relocate is creating bottlenecks in labor markets, housing, and institutional leadership, leaving younger generations facing suppressed wages, unaffordable housing, and limited advancement opportunities.
TechCrunch outlines what makes a startup competitive for Startup Battlefield 2026, emphasizing that the program seeks promising companies with disruptive ideas rather than polished ones, with applications due May 27.
OpenAI has hired ServiceNow chief marketing officer Colin Fleming as CMO for its business unit, replacing Kate Rouch who stepped down earlier this year to focus on her health.
Baby boomers' dominance in the labor market, housing market, and institutional leadership has suppressed economic opportunity for younger generations for decades, and their slow retirement is creating labor shortages, housing scarcity, and succession crises across American institutions.
As SpaceX prepares for its Nasdaq IPO with a $1.25 trillion valuation, speculation is building that Elon Musk plans to eventually merge the rocket company with Tesla, leveraging their existing resource sharing and AI ambitions.
Bond Capital is leading a new funding round for AI music startup Suno, which would value the company at approximately $5 billion, up from $2.45 billion last fall, with the round expected to raise $250 million or more.
Amazon founder Jeff Bezos has proposed that the bottom 50% of American earners should pay no federal income tax, arguing that lower-income workers contribute a small share of total tax revenue and shouldn't face financial pressure. Bezos plans to pitch the idea to President Trump.
American Airlines has announced plans to install Starlink on more than 500 narrow-body Airbus aircraft beginning next year, marking another major carrier win for SpaceX's satellite communications unit ahead of its highly anticipated IPO.
Drivers for ride-hailing apps Uber and Lyft in Massachusetts became the first in the nation to certify a union Tuesday, marking a major labor victory amid growing concerns over pay, working conditions, and the rapid expansion of autonomous vehicle technology.
Massachusetts gig drivers are organizing through their union to address growing automation and labor concerns posed by Uber and Lyft's expanding use of technology in ride-sharing operations.
Micron reached a $1 trillion market valuation for the first time on Tuesday as shares surged 19% following UBS tripling its price target to $1,625, driven by surging demand for memory chips in artificial intelligence applications.
Gulf shrimpers face an existential crisis as fuel costs spike due to the Iran conflict and Strait of Hormuz closure, while competition from cheap imports continues to erode their market share and dockside prices.
Oil giant BP has removed chairman Albert Manifold with immediate effect over concerns including "bullying" and "overbearing" behaviour, marking his departure less than a year after joining the company.