Business

OpenAI’s $852 Billion Gamble: Explosive Growth Meets Colossal Losses Ahead of IPO
Sam Altman’s creation stands at a crossroads few companies ever reach. OpenAI commands a staggering $852 billion valuation after its latest funding round. Yet the artificial...
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Google Voice Drops Standalone Paid Plans for Gmail Users
Google Voice just made a notable shift. After years of requiring a full Google Workspace subscription to access paid business features, the company now lets individual Gmail...
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Microsoft Offers Up to 6 Months Severance Through 2026 Amid AI Layoffs
Microsoft has outlined a new approach to handling workforce reductions that extends employee support well beyond typical notice periods, according to a report from...
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RBA Governor: Surging Oil Prices Yet to Slow Resilient Australian Economy
Australia's central bank governor has indicated that the surge in global oil prices has so far failed to dampen the country's economic momentum, even as households face higher f...
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ASML Struggles to Meet Chip Demand Amid Strict Dutch Export Curbs
The Financial Times reported last month on a significant development in the semiconductor sector, where ASML, the Dutch company that dominates the market for extreme ultraviolet...
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Why ERP Buyers in 2026 Must Demand AI That Actually Knows Their Business
Acumatica released its latest blog post just yesterday. The piece draws a sharp line between two approaches to artificial intelligence in enterprise resource planning systems...
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Can Small Caps Survive the Fed’s New Reality?
The Russell 2000 has roared ahead. Up 33.8% over the past 12 months. That beats the S&P 500's 20% gain by a wide margin. Bull markets thrive on such breadth. Yet this surge c...
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Bank of England Sounds Alarm on AI-Driven Equity Bubble and Rising Correction Peril
Bank of England Governor Andrew Bailey delivered a stark message Tuesday. The risk of a sharp correction in equity markets remains high. Stretched valuations extend well beyo...
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Immigrants Consume Far Less in Benefits Than Natives, Fresh Data Shows
Immigrants take less from government benefit programs than native-born Americans. The gap holds even after counting their U.S.-born children. New analyses from early 2026 con...
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Bank Health Decides if Runs Spark Crisis, New York Fed AI Study Finds
Bank runs have long terrified depositors and policymakers alike. Yet fresh analysis from the Federal Reserve Bank of New York shows that the true danger lies not in the panic...
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John Williams: Inflation on Track to 2% as Labor Market Rebalances
Federal Reserve Bank of New York President John Williams expressed confidence that inflation will continue to moderate in the months ahead, offering a measured outlook on the ce...
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Amazon’s $25 Billion Bond Push: Tech Giant’s Latest Bet to Bankroll AI’s Soaring Costs
Amazon.com Inc. is once again turning to the debt markets. The e-commerce and cloud computing powerhouse plans to raise at least $25 billion in a fresh U.S. dollar bond offer...
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Judge Tells Musk Buyer’s Remorse Doesn’t Excuse Lies to Investors
A federal judge just delivered a sharp reminder. Even the world’s richest man must answer for statements that move markets. On July 6, U.S. District Judge Charles Breyer in S...
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AI Stock Bubble Echoes Dot-Com Era as Valuations Soar Amid Revenue Gaps
The rapid ascent of artificial intelligence stocks has created one of the most pronounced market distortions in recent memory. Companies tied to AI technologies have seen their...
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