Latest stories, analysis, and insights from the world of business.
Chinese memory chip maker CXMT has cleared listing review for Shanghai's STAR Board, positioning it for what could become China's largest IPO this year with an approximately $4 billion share offering.
Jane Fraser, named the No. 1 most powerful woman in business for 2026, has successfully transformed Citigroup from a dysfunction-plagued institution into a streamlined, high-performing company in five years, defying the "glass cliff" narrative and boosting the stock price by over two-thirds.
WeRoad, a Milan-based group travel startup, has raised $58 million in Series C funding led by Airbnb, bringing its total funding to approximately $100 million as it prepares for its first major expansion outside Europe, starting with Austin.
Arundhati Bhattacharya, former chairperson of India's State Bank of India, was persuaded to join Salesforce as South Asia CEO after Marc Benioff gave her his book "Trailblazer," which highlighted the company's commitment to social responsibility and gender equality.
UK household energy bills will rise by 13% from July due to soaring wholesale costs caused by the US-Israel war with Iran, affecting 33 million homes and adding £221 annually to typical bills.
Voyager founder Dylan Taylor, worth $1 billion, is limiting his children's inheritance to eight figures and directing the rest to philanthropy, following the lead of billionaires like Bill Gates who believe massive wealth transfers harm both individuals and society.
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Taiwan's semiconductor industry is driving explosive economic growth fueled by AI demand, but the benefits are concentrating in the tech sector while other industries and workers struggle with stagnant wages and rising costs.
WeRoad, a Milan-based group travel startup, has raised a $58 million Series C led by Airbnb to expand into the US market starting with Austin. The funding, bringing total capital to roughly $100 million, will support WeRoad's push into the emerging "IRL economy" focused on real-world social connections.
A comprehensive guide to over 70 Asian American and Pacific Islander-owned brands and businesses across apparel, food, beauty, and other categories worth supporting and shopping from in 2026.
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.
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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.