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The Latest Breaking News on Business

Self-Employed Filers With Unusually Low Income Are Getting Flagged at Record Rates

Tax season has taken a sharper turn for self-employed workers, especially those reporting unusually low income compared to prior years or industry norms. The IRS has stepped up its detection systems, using advanced algorithms that quickly spot mismatches between earnings, expenses, and lifestyle indicators. Freelancers, gig workers, and small business…

The Free Financial Advisor

US added 172,000 jobs in May as labor market shows signs of resilience

Government figures show unemployment rate at 4.3% amid rising inflation and economic uncertainty from Iran war

The Guardian - US

A CEO denied raises to spend money on AI instead. Companies have 'no idea what they're going to need in a workforce' when the AI race is over.

Companies may be cutting raises and benefits to create attrition, one expert says.

Fortune

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Consumer Spending Holds Strong As Americans Draw Down Savings Amid Rising Costs

Strong consumer spending remains a key driver of the U.S. economy even as savings rates fall and more households hunt for discounts.

International Business Times

How much data does your favorite messaging app collect? New study shows 90% of messaging apps now include AI that puts privacy at risk

Are your private chats truly secure? New research from Surfshark dives into the most popular messaging apps, revealing alarming data harvesting and AI privacy risks. See why Signal came out on top.

TechRadar

The next phase of sales enablement: AI coaching, real-time feedback, and adaptive learning

New AI coaching tools simulate conversations, offering immediate feedback. This frees up managers for strategic tasks. Organizations must measure readiness through practice, not just course completion, to drive business outcomes.

The Economic Times

US stock market crash explained: Why did Nasdaq plunge 4% to log worst day in over a year

Wall Street experienced a sharp decline on Friday, led by the Nasdaq's significant fall, as a robust US jobs report fueled concerns about sustained high interest rates from the Federal Reserve. The strong employment figures intensified inflation worries, making rate cuts less likely and potentially increasing the chance of a…

The Economic Times

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Gold falls about 3% as robust US jobs data cements bets on higher rates

Gold prices experienced a significant drop of approximately 3% on Friday, influenced by a stronger-than-expected U.S. jobs report. This data reinforced expectations that the Federal Reserve will maintain higher interest rates for an extended period due to ongoing inflation concerns.

The Economic Times

Apollo wraps up $35 billion debt to buy AI chips for Anthropic

The package, one of the biggest private credit transactions in history, highlights the race by top-tier financiers to fund data center construction and the chips they use. Tech companies are tapping every corner of the credit markets to meet AI’s unprecedented capital demands, forcing Wall Street to engineer novel debt…

The Economic Times

Chip slump erases $1.3 trillion in stock market value

The PHLX's combined loss of 12% over two sessions shows investors are becoming more concerned about pricey, high-flying tech stocks just as Elon Musk prepares a blockbuster initial public ⁠offering next ‌week for SpaceX at an exceedingly high $1.75 trillion valuation.

The Economic Times

2.6 million DentaQuest accounts exposed by data breach – ShinyHunters claim 234GB of data stolen

DentaQuest confirmed suffering a data breach, while ShinyHunters claims negotiations broke down.

TechRadar

Dollar Soars on Fed Rate Hike Expectations

The dollar index (DXY00 ) on Friday rallied to a 1.75-month high and finished up by +0.66%. The dollar recovered from early losses on Friday and surged on the stronger-than-expected US May payroll report, bolstering speculation that the next Fed move will be an interest rate increase. Also, Friday's stock...

Barchart

US states preparing lawsuit to block Paramount's acquisition of Warner Bros, sources say

California, New York, and other states are preparing to sue and block Paramount's $110 billion acquisition of Warner Bros. The lawsuit, expected in the coming weeks, marks a significant move in state-led antitrust enforcement. This action could delay the deal, which faces opposition from Hollywood creatives and theater owners concerned…

The Economic Times

Morgan Stanley Revamps Its Dell Stock Price Target After Blowout Earnings. Dell Is Expanding Beyond the AI Boom.

Dell’s AI server business is driving record revenue growth, higher guidance, and a powerful stock rally in 2026.

Barchart

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Barchart

Subdued Put Activity Signals Opportunity in 4 Cash-Secured Puts for Income and Value

Thursday's unusually quiet unusual options activity — no Vol/OI ratio cracking 100 — provides four cash-secured put candidates offering annualized returns up to 58%, with compelling value cases in Ford, Toast, Microsoft, and PVH.

Tom’s Guide

Reddit users aren’t picking one AI chatbot anymore — here’s how they stack their tools

Reddit’s AI power users aren’t picking one chatbot. They’re assigning ChatGPT, Claude, Gemini and others different jobs — and it changed how I use AI.

Barchart

This Analyst Just Upgraded Oscar Health Stock. Here's Why.

Wells Fargo raises price target on Oscar Health stock to $20. Here’s why the bank turned bullish on OSCR shares.

Barchart

America’s Car Payment Problem Just Hit $1.68 Trillion: 86 Million Americans Are Carrying a Record Debt Load with 7-Year Car Loans Gaining Traction

A new auto debt analysis says longer loans are hiding thousands in interest for drivers who need cars to work and live.

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International Business Times

Bitcoin Plunges, Ethereum Hits Lowest Level Since April 2025 As Crypto Selloff Deepens

The cryptocurrency market has shed hundreds of billions in value this week as investors pull money from crypto funds and move toward other asset classes.

Barchart

Aflac Stock: Is AFL Outperforming the Financial Sector?

Despite Aflac's strong price performance and its outperformance of the broader financial sector over the past year, Wall Street analysts remain measured in their expectations for the stock's future upside.

Barchart

Is Norfolk Southern Stock Underperforming the S&P 500?

Despite underperforming the broader S&P 500 Index over the past year, Norfolk Southern continues to garner cautious optimism from Wall Street.

Barchart

How Is Copart’s Stock Performance Compared to Other Industrial Stocks?

While Copart has trailed its industry peers over the past year, Wall Street is moderately bullish in its future growth potential.

InsideEVs

Tesla Employees Leaked Their Thoughts About FSD. They Weren't Pretty

On today's episode of the Plugged-In Podcast, we break down Tesla's (troubled) FSD plans and Tim's in-person experience with the Ferrari Luce.

Reason

The Trump Administration Is Still Fighting To Keep Billions in Illegal Tariff Revenue

The administration has paid $20 billion in refunds. Now, it is asking a federal appeals court to limit which businesses will get the rest.

Grocery Coupon Guide

10 Pantry Staples That Have Nearly Doubled in Price Since 2020

Reviewing your household budget can expose shocking realities when you compare current grocery costs to recent history. Several non-perishable staples that form the foundation of our daily meals have seen astronomical price increases over the last few years. Many common pantry items have nearly doubled in price since 2020, when…

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