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May 24, 20261 min
Business
Latest stories, analysis, and insights from the world of business.
Americans are feeling inflation's pinch into the holiday weekend. Here's where prices are rising the most
As Americans prepare for Memorial Day weekend, inflation continues to squeeze consumer budgets with sharp increases in food, travel, and recreation prices driven by the Iran War and rising oil costs. Total inflation hit 3.8% year-over-year in April, the highest rate since 2023, while consumer sentiment reached record lows.
May 24, 20265 min
inflationmemorial-dayconsumer-prices
Stop blaming young people for being unemployed, says Amazon's UK boss
Amazon's UK boss John Boumphrey calls for work experience to be mandatory for over-16s, arguing that youth unemployment is a "system problem" not a motivation issue, as the UK's youth joblessness rate hits its highest level since 2014.
May 24, 20267 min
youth-unemploymentjob-marketamazon
SolarSquare in talks to raise up to $60M as India's rooftop solar market draws major VC interest
Indian rooftop solar startup SolarSquare is in advanced talks to raise $55-60 million in Series C funding at a $450-500 million valuation from B Capital and Lightspeed Venture Partners, reflecting surging investor interest in India's residential solar market.
May 24, 20264 min
solarsquaresolar-energyventure-capital
Americans are feeling inflation's pinch into the holiday weekend. Here's where prices are rising the most
U.S. consumers face rising prices across food, travel, and recreation heading into Memorial Day weekend as total inflation reached 3.8% year-over-year in April, the highest rate since 2023. Gas prices have soared over 28% and beef costs are up as much as 16% compared to 2025.
May 23, 20266 min
inflationmemorial-daygas-prices
U.S. debt is the 'elephant in the room' amid bond market rout as Fed-fueled interest costs could drive even larger deficits, analysts warn
Analysts warn that rising interest rates are creating a vicious cycle where higher debt servicing costs could drive even larger federal deficits, as the bond market sells off amid inflation concerns and deteriorating U.S. fiscal health.
May 23, 20265 min
u-s-debtfederal-deficitbond-market
Stop blaming young people for being unemployed, says Amazon's UK boss
Amazon's UK boss John Boumphrey argues that youth unemployment is a "system problem" rather than a motivation issue, calling for mandatory work experience for over-16s as a solution to record youth joblessness in Britain.
May 23, 20265 min
youth-unemploymentamazonuk-employment
SolarSquare in talks to raise up to $60M as India's rooftop solar market draws major VC interest
Indian rooftop solar startup SolarSquare is in advanced talks to raise $55-60 million in Series C funding at a valuation of $450-500 million, led by B Capital and Lightspeed Venture Partners, signaling major VC interest in India's residential solar market.
May 23, 20264 min
solarsquareindiarenewable-energy
Apple blocked over $11 billion in App Store fraud in 6 years
Apple revealed it blocked over $11 billion in fraudulent App Store transactions over the last six years, including more than $2.2 billion in 2025 alone. The company rejected over 2 million problematic app submissions and blocked more than 1.1 billion fraudulent account creations last year.
May 22, 20264 min
appleapp-storefraud
Shares of Quantum Computing Companies Surge 30-33% After US Government Awards $2 Billion in Grants and Takes Equity Stakes
Quantum computing stocks surged Thursday following the US government's announcement of $2 billion in grants and equity stakes across nine companies, with D-Wave closing up 33%, Rigetti up 30%, and IBM up 12%.
May 22, 20263 min
quantum-computinggovernment-investmentibm
Stop blaming young people for being unemployed, says Amazon's UK boss
Amazon's UK boss John Boumphrey argues that youth unemployment is a systemic problem requiring systemic solutions, not a failure of young people's motivation or resilience. He calls for mandatory work experience for over-16s to bridge the skills gap between education and employment.
May 22, 20263 min
youth-unemploymentamazonemployment
Can OpenAI's 'Master of Disaster' Fix AI's Reputation Crisis?
OpenAI's chief of global affairs Chris Lehane, a veteran political operative known as the "master of disaster," is tasked with addressing the company's mounting public relations crisis while lobbying for AI-friendly regulations that won't hamper growth.
May 22, 20268 min
openaichris-lehaneai-regulation
Airbnb CEO Brian Chesky: 'Sometimes, a Hotel Is the Better Option.'
Airbnb is expanding into the boutique hotel booking space and rolling out AI-powered travel planning tools, marking a major shift from its original "forget hotels" positioning as the company aims to become a comprehensive travel platform.
May 21, 20268 min
airbnbbrian-cheskyhotel-booking
Mustard Made's Awesome Storage Furniture Is on a Rare Sale
Mustard Made is offering a rare 20 percent discount on eight colors of its stylish storage lockers through May 31, with models like the colorful Lowdown and Midi featuring adjustable shelves and locking doors.
May 21, 20263 min
storage-furniturehome-officedeals
Intuit CFO on why the company is simplifying its structure
Intuit CFO Sandeep Aujla explains the company's decision to cut 17% of its workforce and flatten management layers as part of a restructuring aimed at accelerating AI adoption and operational speed.
May 21, 20265 min
intuitlayoffsrestructuring
Apple blocked over $11 billion in App Store fraud in 6 years
Apple revealed it blocked over $11 billion in fraudulent App Store transactions over the last six years, including more than $2.2 billion in potentially fraudulent transactions in 2025 alone. The tech giant also rejected over 2 million problematic app submissions and blocked 1.1 billion fraudulent account creations last year.
May 21, 20264 min
appleapp-storefraud
Palantir Held a Hack Week to Add New Controls to Software Used by ICE
Palantir hosted a spring hack week to develop user-auditing and oversight tools for its software used by ICE and the Department of Homeland Security, as the company faces internal backlash from employees concerned about its role in immigration enforcement operations.
May 21, 20264 min
palantiriceimmigration-enforcement
Convective Capital raises an $85 million fund to build disaster resilience
Convective Capital announced an $85 million fund to invest in disaster resilience technologies, expanding beyond its original focus on wildfire prevention. The fund, led by Bill Clerico, is backed by institutions including insurance companies and asset managers.
May 21, 20265 min
convective-capitalventure-fundingdisaster-resilience
Cheaper theme park tickets and children's meals as VAT to be cut for some attractions this summer
The UK government announced a temporary cut to VAT from 20% to 5% on family attractions and children's meals during the summer holidays, running from the end of June until September 1st, as part of a broader cost-of-living support package.
May 21, 20266 min
vat-reductioncost-of-livingtheme-parks
SpaceX is heavily reliant on Starlink for growth and profit as it marches toward Nasdaq listing
SpaceX's Starlink satellite internet unit generated $11.39 billion in revenue last year, accounting for 61% of total sales, and is the company's only profitable division. As SpaceX moves toward its IPO, Starlink has emerged as the dominant player in the satellite internet market with over 10.3 million users.
May 21, 20268 min
spacexstarlinkipo