Latest stories, analysis, and insights from the world of business.
Crude oil prices fell more than 4% on Sunday following President Trump's statement that negotiations with Iran to reopen the Strait of Hormuz are advancing in a constructive manner, offering the first signs of a potential resolution to the Middle East supply crisis.
Uber approached a major shareholder of German food delivery company Delivery Hero with a €38-per-share bid valuing the group at €11.5 billion or more, but was rebuffed. The ride-hailing company is now considering a higher offer.
Alaska is experiencing a resurgence in oil industry interest and investment, driven by new discoveries suggesting greater crude potential and enabled by more accommodating policies from the Trump administration. Major companies including ConocoPhillips, Shell, and ExxonMobil are bidding record amounts and returning to Arctic drilling projects.
Memorial Day sales are in full swing with steep discounts on tech including 4K OLED TVs, noise-canceling earbuds, portable speakers, robots vacuums, laptops, and outdoor gear.
Uber approached a major Delivery Hero shareholder with a €38-per-share bid valuing the German food delivery group at over €11.5 billion, but was rebuffed. The company is now weighing a higher offer to complete the acquisition.
As SpaceX prepares for its IPO with a $1.75 trillion valuation, financial data companies S&P Global and MSCI must determine which sector index the company belongs to, with the Communications Services Sector being the leading candidate based on Starlink's dominant revenue contribution.
Uber is considering increasing its takeover bid for Delivery Hero after its initial €38-per-share proposal valuing the German food delivery company at over €11.5 billion was rejected by a major shareholder.
As SpaceX prepares for its blockbuster IPO, a growing roster of publicly traded space companies are already capitalizing on the expanding space economy, from satellite and rocket manufacturers to aerospace giants like Boeing and Lockheed Martin.
The European Central Bank has called an emergency meeting with Eurozone banks on Tuesday to address risks posed by advanced AI models, seeking insights from US banks with access to the latest systems.
The European Central Bank is holding an urgent meeting with Eurozone banks to address financial system risks from advanced AI models, seeking insights from US banks with access to frontier AI systems like Mythos.
While high-profile nonprofit fraud cases dominate headlines, federal data shows enforcement actions are at record levels—not necessarily that fraud itself is increasing. The Department of Justice reached $6.8 billion in settlements in 2025 under the False Claims Act, but nonprofits remain significantly undertrained compared to private companies in detecting and preventing fraud.
The AI boom is driving record-breaking M&A deals as companies race to control critical infrastructure including energy sources, fiber networks, and computing capacity, with deals hitting record highs and previously undervalued companies becoming attractive acquisition targets.
SpaceX's Starship V3 rocket is central to the company's $1.7 trillion valuation, enabling multiple revenue streams from Starlink satellite internet and orbital data centers to future Mars missions, according to early investor Chad Anderson.
Tether has acquired SoftBank Group's approximately 26% stake in bitcoin treasury company Twenty One Capital, increasing Tether's ownership to roughly 71%. SoftBank's stake was valued at approximately $679 million.
SpaceX's S-1 IPO filing reveals the company has pivoted from a space pioneer to an AI-centric player competing with giants like Microsoft and Google. Despite a projected $1.5 trillion valuation, analysts warn the company faces substantial challenges in funding its ambitious AI expansion while managing significant operating losses.
Tether has acquired SoftBank's approximately 26% ownership stake in bitcoin treasury company Twenty One Capital for roughly $679 million, increasing Tether's total stake to approximately 71%.
An Alabama high school and Toyota have partnered to train students for industrial maintenance and skilled trades roles paying $40+ an hour, addressing a critical shortage of blue-collar workers as AI automation displaces white-collar jobs.
NextDecade is on the verge of becoming the top exporter of natural gas out of Texas with its Rio Grande LNG project, which after more than a decade of delays and challenges is slated to begin production in early 2027. The geopolitical tensions from the Iran war have renewed global focus on liquefied natural gas and U.S. energy independence.
Food inflation has driven up prices of everyday essentials like eggs, bread and milk significantly since 2022, driven by factors including avian flu impacts, energy costs, and global conflicts affecting grain supplies. Analysis shows supermarket profit margins haven't increased despite rising sales, indicating the cost pressures are being passed to consumers.
Moment, founded by former Citadel quantitative traders, has raised $78 million in Series C funding led by Index Ventures with a16z participating to develop AI tools for automating fixed-income and equities trading technology.