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The Latest Breaking News on Business

Car Loan Debt Hits $1.68 Trillion Record High As Drivers Struggle With Car Payments, Report Finds

A new analysis found that aggregate auto debt has climbed 37% since early 2018, reaching the highest level ever recorded.

Airlines Cut 2 Million Seats Worldwide in May Alone — Is This the End of Ultra-Cheap Flights?

Airlines Cut 2 Million Seats Worldwide in May Alone — Is This the End of Ultra-Cheap Flights?

Global airlines are reducing routes and increasing fares due to surging jet fuel prices, exacerbated by the Iran conflict. Budget carriers face the greatest challenges, prompting calls for federal relief.

International Business Times UK

Corporate America shrugging off economic uncertainty as earnings deliver

Corporate America shrugging off economic uncertainty as earnings deliver

Corporate America is delivering the goods this earnings season, even as rising energy prices threaten to undermine the momentum.

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World Cup hotel bookings short of expectations in Texas amid anti-U.S. sentiment abroad

A recent survey of hoteliers in the Dallas area and Houston found anticipated demand is not translating into strong hotel bookings less than 40 days from the start of the tournament.

The Texas Tribune

Axios interview: Scale AI CEO Jason Droege pushes "reliability" reality

Mission-critical AI needs fewer failures.

AI is quietly splitting the housing market in two: Bay Area luxury homes are up 13%, affordable ones are collapsing

“It’s another sign of the K-shaped economy taking shape in the Bay Area,” said Redfin senior economist Yingqi Xu.

Nvidia invests $300 million in Corning to build three new US-based optical fiber plants — AI infrastructure deal would boost fiber production capacity by over 50%

Nvidia invests $300 million in Corning to help partners that deploy its hardware in the U.S. to get enough of optical fiber, grant Nvidia control over a significant chunk of domestic fiber production.

Tom’s Hardware

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‘AI capabilities that did not exist at the time’: Delayed Siri features have cost Apple a massive $250 million, and iPhone users could get up to $95 per device

‘AI capabilities that did not exist at the time’: Delayed Siri features have cost Apple a massive $250 million, and iPhone users could get up to $95 per device

Apple is paying $250 million due to delayed Siri features, with affected users eligible for up to $95 per device.

AMD's CEO predicts 'higher memory and component costs' later this year — so brace yourself for Radeon GPU price hikes

AMD's CEO predicts 'higher memory and component costs' later this year — so brace yourself for Radeon GPU price hikes

Following Lisa Su's revelation, a disgruntled Redditor predicted: 'The RAM economy will permanently change and data centers will be a nuisance for the rest of recorded time'.

Oil Price Today (May 7): Crude oil reclaims $100, snaps two-day losing streak. Here’s why

Oil Price Today (May 7): Crude oil reclaims $100, snaps two-day losing streak. Here’s why

Oil prices rebounded on Thursday, recovering from a significant prior fall as investors assessed mixed signals regarding Iran-U.S. relations. While reports suggested a potential agreement to end the conflict, President Trump issued a stark warning of intensified bombing if Iran rejects a peace deal, highlighting the precarious state of negotiations.

The Economic Times

Hopes for an Imminent End to the US-Iran War Weigh on the Dollar

Hopes for an Imminent End to the US-Iran War Weigh on the Dollar

The dollar index (DXY00 ) fell to a 2.5-month low on Wednesday and finished down by -0.45%. Optimism that a peace deal between the US and Iran is imminent weighed on safe-haven demand for the dollar on Wednesday. Also, Wednesday's -7% plunge in crude oil prices eases inflation expectations and...

SpaceX files for $55 billion semiconductor fab in rural Texas for Musk's Terafab — total chipmaking fab investment could reach $119 billion

SpaceX files for $55 billion semiconductor fab in rural Texas for Musk's Terafab — total chipmaking fab investment could reach $119 billion

The capital figures in this filing far exceed what was disclosed when Elon Musk announced Terafab in March, where the project carried a $20 billion price tag.

Tom’s Hardware

Should We Expect a Breakdown in Soybean Oil?

Should We Expect a Breakdown in Soybean Oil?

After adding nearly 4.4 cents during the just finished positioning week, the Soybean Oil market increased its vulnerability to a fund-driven selloff.

If You’re Still Buying Gold ETFs to Protect Against Inflation, Stop

If You’re Still Buying Gold ETFs to Protect Against Inflation, Stop

Gold has long been sold as an inflation hedge. There is a much better reason to chase the precious metal and ETFs that track it.

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Chegg Was Dying Way Before ChatGPT – Chatbots Just Dealt the Fatal Blow

If you invested $100 into Chegg in 2021, you’d have less than a dollar to show for it today, thanks to LLMs like ChatGPT.

Do Wall Street Analysts Like Kroger Stock?

Kroger has underperformed the broader market over the past year, but analysts are cautiously optimistic about the stock’s prospects.

Is Wall Street Bullish or Bearish on Centene Stock?

Though Centene has lagged behind the broader market over the past year, Wall Street analysts maintain a moderately optimistic outlook on the stock’s prospects.

International Business Times

U.S. Airlines Saw Jet Fuel Prices More Than Double In March As Iran War Raged

U.S. airlines saw jet fuel prices more than double in March as the war in Iran raged on, according to new data from the U.S. government.

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What Are Wall Street Analysts' Target Price for Texas Instruments Stock?

Texas Instruments has notably outperformed the S&P 500 over the past year, and Wall Street analysts maintain a moderately optimistic outlook about the stock’s prospects.

How Williams Companies Is Cashing in on the AI Power Boom

Williams Companies benefits from rising natural gas demand and AI-driven data center growth, positioning WMB for steady income and near-term upside

'Younger job‑seekers aren't being careless, they're under pressure': LinkedIn study flags risks facing younger job-hunters today

Scammers are targeting prospective workers with dodgy job postings – younger workers might actually be most at risk.

International Business Times

Car Loan Debt Hits $1.68 Trillion Record High As Drivers Struggle With Car Payments, Report Finds

A new analysis found that aggregate auto debt has climbed 37% since early 2018, reaching the highest level ever recorded.

Is the 'AI Bubble' a Myth? Why Tech Experts Say AI's Boom Is Just the Beginning

Nearly all Americans are already using AI and don't realize it. Massive private investment points toward continued growth and appealing investment opportunities.

The Independent UK

US airlines’ jet fuel bills more than doubled in March and customers paid the price

These surging costs are attributed to disruptions in global oil markets, particularly shipping through the Strait of Hormuz

What Are Wall Street Analysts' Target Price for U.S. Bancorp Stock?

Despite outperforming the broader market over the past year, U.S. Bancorp continues to draw a measured but optimistic outlook from Wall Street analysts.

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