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The Latest Breaking News on Business

Anthropic's Mythos sends US banks rushing to plug cyber holes

America's top banks are racing to patch IT system flaws identified by Anthropic's powerful Mythos AI tool. This advanced technology is uncovering numerous vulnerabilities, forcing urgent repairs and software upgrades. The findings are also being shared with smaller banks. This AI-driven discovery process is accelerating the pace of cybersecurity fixes,…

The Economic Times

Texas Sues Netflix, Claims It Spies On People And Manipulates Users

Texas is suing Netflix, alleging that the digital streamer spied on its users without their knowledge or consent and manipulates its users.

International Business Times

BETA Technologies Q1 Earnings Call Highlights

BETA Technologies (NYSE:BETA) reported first-quarter 2026 revenue above its prior guidance range and said it is accelerating investments tied to the FAA and U.S. Department of Transportation’s eVTOL Integration Pilot Program, or eIPP, after being selected for seven of eight awards. Founder and Chie

MarketBeat

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Why is Tuesday Like Christmas to the BRACE Industry?

For those who live and breathe only because the government is benevolent enough to bestow imaginary numbers on them, Tuesday is their day.

Barchart

U.S. Inflation Surges In April, With Energy Costs Accounting For 40% Of The Increase

Consumer prices in the U.S. increased again in April, with the latest inflation data showing continued upward pressure across housing, energy, transportation and services.

International Business Times

eBay Rejects GameStop's $56 Billion Acquisition Proposal, Calls It 'Neither Credible Not Attractive'

eBay rejected on Tuesday a $56 billion acquisition offer from GameStop, saying it is "neither credible nor attractive."

International Business Times

Inflation rises to its highest level since 2023 as fuel costs surge amid Iran war

The consumer price index climbed 3.8% from last month

The Independent UK

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Cloudflare Q1 Earnings Call Highlights

Cloudflare (NYSE:NET) reported a strong first quarter of 2026, with revenue rising 34% year over year to $639.8 million, as executives said demand tied to AI, agentic workloads and its Workers developer platform continued to accelerate. Co-founder and CEO Matthew Prince said the company began the y

MarketBeat

US consumer prices rise 3.8% as Iran war sends energy prices higher

U.S. consumer prices climbed a sharply again last month as the 10-week war with Iran pushed energy prices higher

The Independent UK

I’m a Retirement Planner: 3 Categories Wealthy Retirees Spend the Most on During Year One

Here's what wealthy retirees spend the most on during year one -- and how to get ahead of these costs, according to retirement planning experts.

GOBankingRates

Metallus Q1 Earnings Call Highlights

Metallus (NYSE:MTUS) reported higher first-quarter 2026 sales and profitability as improving demand, stronger shipment volumes and operational gains helped offset higher utility and labor costs, executives said on the company’s earnings call. Chief Executive Officer Mike Williams said demand contin

MarketBeat

Ford’s New Battery Container Is Here To Take On The Tesla Megapack

Ford Energy’s LFP-powered DC block was designed to last 20 years and packs over 5 megawatt-hours of energy.

InsideEVs

Replacing humans with AI is turning out to be costlier than expected, Uber, Nvidia execs say

Companies are finding AI automation costs, particularly token-based pricing, are exceeding employee salaries. Executives from Nvidia and Uber highlight these escalating expenses, with one team receiving a substantial bill from an AI provider. This trend sparks debate on AI's true cost-effectiveness compared to human labor, even as investment in automation…

The Economic Times

Is Wall Street Bullish or Bearish on D.R. Horton Stock?

As D.R. Horton has underperformed the S&P 500 over the past 52 weeks, Wall Street analysts maintain a cautious outlook about the stock’s prospects.

Barchart

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The Economic Times

Google settles racial discrimination lawsuit for $50 million

Google has reached a settlement in a class-action lawsuit brought forth by Black employees, who claimed they experienced inequitable treatment in terms of hiring, salary, and career advancement. The lawsuit pointed out that Black workers were often directed towards less lucrative jobs and faced systemic discrimination in the workplace.

MarketBeat

MSA Safety Incorporporated Q1 Earnings Call Highlights

MSA Safety Incorporporated (NYSE:MSA) reported a stronger first quarter of fiscal 2026, with management citing resilient demand in the Americas, improved margins and continued execution of its Accelerate strategy, while also noting pressure in Europe and the Middle East. On the company’s earnings c

The Economic Times

GitLab to cut jobs, reinvest in AI agents push: CEO Bill Staples

GitLab is cutting jobs to redirect resources towards the growing market for AI agents, aiming to capitalize on emerging "agentic" opportunities. The company plans to reduce management layers and reorganise R&D teams, integrating AI agents to automate internal workflows and improve efficiency. While some roles may be enhanced by AI,…

The Economic Times

Cerebras to raise IPO price range to $150-$160 as demand surges

Cerebras Systems plans to increase its IPO size and price. Demand for its artificial intelligence chips is surging. The company is considering a higher share price and more shares for its public offering. This move follows strong adoption of AI technology. Cerebras' processors are in high demand for AI model…

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The Economic Times

Apple, Intel have reached preliminary chip-making deal: Report

Intel has a preliminary deal with Apple to make chips for its devices. This is a big win for Intel's manufacturing. Apple could get more chip capacity. The US government played a role in talks. Intel stock rose on the news. Apple shares also saw gains. This deal diversifies Apple's…

The Economic Times

Indian investments in US on rise, creating American jobs: Official

Indian companies are investing significantly in the United States. Recent data shows USD 16.4 billion in foreign direct investment, creating over 70,000 jobs. Indian firms are also contributing to research and development. Massive new investments are expected at the SelectUSA Investment Summit. This inflow of capital strengthens the American economy…

The Economic Times

Alphabet considers first yen bond sale to fund AI goals

Alphabet is making headlines with its first-ever issuance of yen bonds, aimed at fueling its rapidly developing artificial intelligence ecosystem. This trend reflects a broader shift among Big Tech firms who are increasingly tapping into debt markets to fund their AI projects.

The Economic Times

Indian investments in US on rise, creating American jobs: official

Indian companies have invested USD 16.4 billion in the United States. This investment has created around 70,800 jobs. Indian firms also contributed USD 330 million to research and development. These investments are strengthening the US economy. They are bringing capital and supporting communities across various states. Sun Pharmaceutical Industries Ltd…

MarketBeat

Mach Natural Resources Q1 Earnings Call Highlights

Mach Natural Resources (NYSE:MNR) said it is shifting more of its 2026 drilling program toward oil-weighted opportunities while maintaining its emphasis on distributions, low reinvestment and balance sheet discipline, according to comments from executives on the company’s first-quarter 2026 earnings

The Economic Times

Logitech bets on AI, gaming and business users as it raises spending, CEO says

Logitech plans increased spending on product development and marketing this year. The company is focusing on gaming, business customers, and AI-enabled devices for growth. Despite economic slowdown worries and Middle East supply issues impacting sales, Logitech expects continued momentum. Investments will be made to capitalize on AI opportunities and maintain…

The Economic Times

Riding the AI buck: Rising API, usage-based costs force a rethink

As enterprises rapidly scale AI adoption, soaring API and usage-based costs are forcing companies to rethink spending, introduce guardrails and, in some cases, hire humans instead. Swathi Moorthy weighs in.

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