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The Latest Breaking News on Business

NextEra to Acquire Dominion In $66.8 Bn All-Stock Deal As AI-Driven Power Demand Reshapes U.S. Utilities

NextEra Energy has agreed to acquire Dominion Energy in an all-stock transaction valued at about $66.8 billion, a deal that would create the world's largest regulated electric utility by market value as electricity demand climbs sharply across the United States.

International Business Times

McKinsey Says AI Is Compressing 9-Month Product Cycles Into 2 Weeks. Most Companies Aren't Ready.

At CES, McKinsey showed a version of the future that had nothing to do with investing directly, but everything to do with how to build towards wealth.

International Business Times

Insurance Won’t Cover These 5 Home-Office Mistakes — Remote Workers Beware

Remote work exploded across the United States, turning spare bedrooms, kitchen corners, and even closets into full-time workspaces. That shift brought comfort and flexibility, but it also introduced a hidden financial risk most people never think about: insurance blind spots. Many assume homeowners or renters insurance automatically protects everything inside…

Clever Dude

From analysis to the latest developments in health,
read the most diverse news in one place.

Do Wall Street Analysts Like Thermo Fisher Scientific Stock?

While Thermo Fisher Scientific has considerably underperformed the broader market over the past 52 weeks, Wall Street analysts maintain a highly optimistic outlook about the stock’s prospects.

Barchart

Department stores are being decimated by resellers

While resale transactions are on the rise, the total amount spent by consumers per transaction is decreasing, according to a report

The Independent UK

Iran Ceasefire Trade: 3 Energy Stocks to Own if Oil Falls to $80

Oil prices may cool after an Iran ceasefire, but these energy stocks could still outperform; these three stocks remain attractive buys

MarketBeat

Trump's $499 Mobile Phone Exposed for Using Fake AI American Flag and Cheap Chinese Hardware: Report

Donald Trump's $499 Trump Mobile handset is facing a barrage of questions over an apparent AI-generated US flag, missed shipping dates and reported similarities to a much cheaper Chinese-made phone.

International Business Times UK

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J.B. Hunt Says Freight Rates Are Rising as Capacity Tightens, Not Demand

Executives from J.B. Hunt Transport Services (NASDAQ:JBHT) said freight-market conditions are tightening, but they attributed much of the shift to capacity leaving the market rather than a broad-based demand rebound. Speaking at a Bank of America transportation conference, Brad Hicks, executive vic

MarketBeat

Why Warren Buffett Just Made a $2.6 Billion Bet on Delta Airlines in Q1 — 6 Years After Exiting the Stock

Warren Buffett added Delta Air Lines to Berkshire's portfolio after six years, as the company is leveraging its refinery bought in 2012 to offset rising fuel costs.

International Business Times UK

China Evergrande liquidators seek $8.4B from PwC in Hong Kong lawsuit

Liquidators of China Evergrande are seeking $8.4 billion from accounting firm PwC

The Independent UK

Stanley Druckenmiller Dumps Alphabet After Boosting Stake 277% Last Quarter — Here's What He's Buying Now

Stanley Druckenmiller's Duquesne Family Office sold its entire Alphabet stake in Q1 despite impressive returns amid concerns over AI competition and regulatory pressures.

International Business Times UK

Fidelity to pay out $2.5M in new settlement: Check now if you qualify for a payout of up to $5,000

This week Fidelity agreed to pay out $2.5 million in a settlement over a 2024 data breach. Here's how to check if you qualify.

Tom’s Guide

OpenAI paid $100 million for a talk show. James Murdoch is eyeing an even bigger deal. The hot new asset class is humanity

The biggest deals in media in the dawning age of AI now aren't content acquisitions, but bets on something innately human.

Fortune

Nvidia CEO Jensen Huang calls out US push to ban AI chip exports to China, says it is “completely ridiculous”

Nvidia CEO Jensen Huang calls a total ban on AI chip exports to China 'ridiculous'. He believes such restrictions would push China to build its own technology, ultimately harming US leadership. Huang argues American companies should compete globally. He suggests China can still advance AI using existing resources and older…

The Economic Times

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The Economic Times

US Stock Market: Sticky inflation complicates Kevin Warsh’s Fed transition as rate hike odds jump

Sticky inflation has pushed investors to raise bets on a potential U.S. Federal Reserve rate hike, creating early challenges for incoming Fed Chair Kevin Warsh. With markets pricing in higher odds of tightening by January, shifting economic data and rising price pressures, risk complicating the Fed’s policy transition, Reuters reported.

The Independent UK

Spirit Airlines collapse sparks fears for future of cheap flights and budget carriers

Spirit’s demise is not the only challenge travelers face a week before the launch of summer travel

The Economic Times

Oil Price Today (May 18): Crude oil above $110 again as Iran war tensions deepen. Where is liquid gold headed?

Oil prices climbed on Monday. Hopes for peace with Iran dimmed after an attack on a UAE nuclear plant. President Trump is reviewing military actions. Drone attacks on the UAE and Saudi Arabia increased fears of wider conflict. The Strait of Hormuz remains a key concern for global oil and…

Barchart

Dear Dell Stock Fans, Mark Your Calendars for May 28

Dell Technologies is set to report fiscal Q1 2027 earnings toward month's end, coming off record revenue of $33.4 billion. Investors will be watching.

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Motor1

‘Girl Did You Sign This?’: Woman’s Lease Is About To Expire. Then She Finds Out The Bank Can Force Her To Pay Thousands More

A New York City woman who just finished 36 monthly payments on a Jeep lease says the bank told her she could still owe thousands of dollars after she hands back the keys. The bank explained that it would send the vehicle to auction after her lease expires, and if…

Barchart

Disney’s Next Battle Won’t Be Against Netflix

Watch as Disney aims for something bigger than streaming dominance.

We Got This Covered

Man places a bulk order for pool noodles, then Walmart’s shipment came and left him flabbergasted: ‘That driver is so happy’

“That is such a massive waste of resources.”

Barchart

Cisco Systems Reported Lower FCF and Margins - Has CSCO Stock Peaked?

Cisco Systems' free cash flow fell vs last year, as did its FCF margins. However, its fair value could be 16% higher based on higher revenue forecasts. One play is to sell short out-of-the-money puts and calls.

MarketBeat

GE HealthCare Technologies Sticks to Growth Story After Inflation-Driven Guidance Cut

GE HealthCare Technologies (NASDAQ:GEHC) executives said the company remains confident in its long-term growth prospects despite a disappointing first quarter that led to a reduction in full-year guidance, citing inflationary cost pressures as the primary near-term challenge. Speaking at a Bank of

Axios

Corporate work perks are getting yanked away

First it was the return to the office. Now it's benefits that we came to expect.

Fortune

We watched social media concentrate. The same thing is happening in AI, only at a deeper layer

We watched Snap lose to Meta's platform dominance and see the same pattern repeating in AI—only this time, the stakes aren't market share.

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Stanley Druckenmiller

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