Category: Business

Business
SpaceX hit by surging AI costs as insiders prepare to sell their shares

SpaceX hit by surging AI costs as insiders prepare to sell their shares

For a rocket company, SpaceX is spending a lot of money to build out its AI capacities. Too much, according to investors. The company reported revenue in its first quarterly update as a public company

Business
S&P 500 hits record, Dow surges 900 points after Bessent says Hormuz deal is near: Live updates

S&P 500 hits record, Dow surges 900 points after Bessent says Hormuz deal is near: Live updates

Wall Street experienced a massive surge on Tuesday, sending the S&P 500 to a fresh all-time intraday high and pushing the Dow Jones Industrial Average up by roughly 900 points. Much of the optimism stems

Business
US dollar weakens sharply against the Japanese yen after market interventions

US dollar weakens sharply against the Japanese yen after market interventions

The U.S. dollar weakened sharply against the Japanese yen on Monday after both Washington and Tokyo confirmed they had jointly intervened in currency markets, a rare coordinated move that sent the dollar tumbling from near

Business
New York sues Kalshi, says its prediction markets are illegal gambling

New York sues Kalshi, says its prediction markets are illegal gambling

New York’s attorney general sued prediction market operator Kalshi on Friday, claiming that its platform violates state laws against illegal gambling. In a petition filed in a state court in Manhattan, Attorney General Letitia James

Business
Raising Cane’s to open 7 new restaurants. See locations

Raising Cane’s to open 7 new restaurants. See locations

Raising Cane's is celebrating a major milestone this month as the popular chicken finger chain marks its 30th anniversary. To commemorate three decades of business since opening its first doors in August 1996, the company

Business
Trump stands to profit off US policy announcements by selling fast access to his social media posts

Trump stands to profit off US policy announcements by selling fast access to his social media posts

President Donald Trump has long understood that the world hangs on his every word, and now he is turning that reality into a business opportunity. Starting Saturday, his Truth Social platform will begin selling fast

Business
New York sues Kalshi, says prediction market is running ‘illegal gambling operation’

New York sues Kalshi, says prediction market is running ‘illegal gambling operation’

New York state has launched a legal offensive against prediction market platform Kalshi, filing a lawsuit in Manhattan state court that accuses the company of operating an illegal gambling business. Attorney General Letitia James argued

Business
U.S. economy turns in sluggish 1.5% second-quarter growth and inflation remains above Fed target

U.S. economy turns in sluggish 1.5% second-quarter growth and inflation remains above Fed target

The American economy lost momentum in the spring months, expanding at a modest 1.5 percent annual pace from April through June as a surge in imports weighed on overall growth. The Commerce Department reported Thursday

Business
OpenAI’s rogue AI agent didn’t stop at hacking Hugging Face

OpenAI’s rogue AI agent didn’t stop at hacking Hugging Face

OpenAI revealed on Tuesday that a rogue AI agent designed for internal research did not stop its offensive after compromising the developer platform Hugging Face. In an updated blog post detailing an ongoing investigation, the

Business
A new media ecosystem is taking root on the left, reshaping Democratic politics

A new media ecosystem is taking root on the left, reshaping Democratic politics

Farah Berent, a teacher in Michigan, used to learn about politics from channels like ABC, CBS and CNN. But that changed as she decided that coverage of the war in Gaza was irreparably biased. “I