Business

Elon Musk becomes world's first trillionaire as SpaceX soars in stock market debut

Musk is now worth $1.11tn according to the Bloomberg rich list, while SpaceX listed on the Nasdaq stock exchange with a value of $2.2tn.

OpenAI IPO: 6 things to know before you buy the stock

Mamdani and James Dolan feud over Knicks Finals security as local businesses feel the squeeze

The cancellation of the Knicks' game watch party outside Madison Square Garden sparked a feud between NYC Mayor Mamdani and owner James Dolan.

US inflation jumped to 4.2% in May, the third consecutive increase since start of Iran war

Before the conflict began, inflation was at 2.4%, but the closure of the strait of Hormuz has affected energy pricesUS inflation jumped to an annual rate of 4.2% in May, the third consecutive monthly increase since the start of the Iran war and a three-year high, as Americans…

Anthropic purposely made its new Mythos-based models bad at AI research, and developers are fuming

Anthropic faces backlash as Mythos-based models intentionally limit help for AI research, raising transparency and ethical concerns.

The Warsh-Trump Honeymoon Is Officially Over. No Matter What Happens Next, the Stock Market Will Probably Lose

57% Say They Haven’t Saved Enough, and the Data Confirms It

‘Immediate national priority’: ministers accused of complacency over UK food supply

Cold storage and logistics body warns food supplies at risk from fuel shortages, cyber attacks and extreme weatherMinisters have been accused of being complacent about the risks to vital supplies of food into the UK amid concerns over fuel shortages, cyber attacks and extreme…

We need to stop AI developing without humans, says Anthropic co-founder

Jack Clark tells BBC's Newsnight AI could get to the point where it develops without human input.

Who would win a game of 'Mafia' between Sam Altman, Palmer Luckey, Bryan Johnson, and other 'tech legends'? Now we know.

Sam Altman, Palmer Luckey, Bryan Johnson, and other Silicon Valley elites face off in a murder-mystery game on a new online show from Founders Fund.

US announces new tariffs over forced labour concerns

It comes after the US Supreme Court struck down many of US President Donald Trump's previous duties in February.

CBS News fires '60 Minutes' correspondent Scott Pelley after he called out Bari Weiss and the new boss

CBS News correspondent Scott Pelley is out at "60 Minutes" after over 30 years. He recently took aim at Bari Weiss and new top producer Nick Bilton.

Instagram AI chatbot tricked by hackers to give access to others' accounts

Some reports have linked the incident to recent cases of high-profile Instagram accounts being hijacked.

CRISPR Therapeutics vs. Editas Medicine: Which Gene Editing Stock Is a Better Buy in 2026?

I'm a Ferrari collector. Here's why I love the Luce.

The backlash to Ferrari's new EV, the Luce, has been good for one collector, stirring fan passion and driving up the value of classic Ferraris.

Ferrari wanted to take on Chinese EVs with the Luce - then the backlash started

The brand's first EV has been heavily criticised, with some saying it has abandoned Ferrari's roots.

Bank of England’s Bailey says no rush to raise interest rates amid Iran war uncertainty

Inflation can be tolerated above 2% target for now ‘given context of softness in real economy’, governor saysThe Bank of England is in no rush to raise interest rates while the outcome of the Iran war remains uncertain and the UK’s growth rate stays weak, its governor, Andrew…

47-year-old high-end steak and seafood chain closes 80 locations

Gold forecast and tracker: Here's where prices could land in 2026

I ordered burgers at Culver's, Freddy's, and Sonic. The best was also the cheapest.

I ordered burgers from staple Midwest chains Culver's, Freddy's, and Sonic. After tasting and reviewing all three, one stood out as the best burger.

If You're a Long-Term Growth Investor, This Is the Sector to Be Focusing On, and It Has Nothing to Do With Artificial Intelligence

Don't use AI when emailing Paul Graham

Y Combinator cofounder Paul Graham wrote that founders were emailing him in a "hard-hitting journalistic style" — which he considers a clear AI tell.

BJ’s Wholesale plans major store changes as customers pull back

Oil prices fall below $100 a barrel on hopes of Iran peace deal

Brent crude futures down 6% to lowest level in two weeks and stock markets riseOil prices fell below $100 a barrel on Monday and stock markets rose on hopes that the US and Iran are inching closer to a peace deal.Brent crude futures, the global oil benchmark, were down 6% to…

Adam Back Challenges Mark Cuban’s Bitcoin Data After Billionaire Sells His Holdings

'Six eggs used to be £1' - why everyday essentials cost so much more now

Six supermarket brand eggs cost £1 in 2022. How much are they now, why have they gone up, and is anyone profiteering?

Another retail chain closing all stores after 33 years in business

Extra EU border checks suspended at Dover as travellers face delays in heat

Wait times of more than two hours reported at terminal for cross-Channel ferry to FranceFrench police have temporarily suspended extra EU border checks at the port of Dover as thousands of holidaymakers face long delays in the hot weather.Waiting times of more than two hours…

What smart people are saying about the Trump administration's green card crackdown

Trump's immigration policy limits green card status adjustments, causing confusion and debate among lawyers, advocates, and policy experts.

SpaceX files for IPO that could make Elon Musk a trillionaire

Musk's rocket-maker and satellite internet provider will trade under the ticker SPCX

HS2 bill could rise to £102bn with first trains delayed until 2039, government admits

Transport secretary Heidi Alexander blames Conservative government for ‘obscene increase in times and costs’Business live – latest updatesThe HS2 high-speed railway will now cost up to £102.7bn and trains will not start running between London and Birmingham until as late as…

Europe's most outspoken airline CEO has a bumper bonus on the table

Ryanair CEO Michael O'Leary is in discussions for a new contract would give him share options possibly worth around $300 million.

UK firms halt investments and hiring as Iran war pushes up costs, bosses warn

Survey shows businesses ‘struggling to absorb latest economic shock’, while data says April vacancies down 7.7%The worsening fallout from the Iran war is forcing businesses to halt their UK investment and hiring plans, bosses have warned, as Britain enters a renewed period of…

Most parents manage their kids' social lives. I expect my 8-year-old to do it himself.

My son arranges his own playdates by phone, and watching him do it has changed how I think about independence.

AI data centers employ very few people: What the numbers how

This struggling couple makes $167K but owe $339K. Here are the 2 money fixes Ramit Sethi says could save their finances

Tesla, Toyota expose surprising auto industry truth

Why Modi wants Indians to buy less gold and take fewer foreign holidays

Modi has urged Indians to save dollars as war and oil shocks strain the rupee and economy further this year.

UK economy sees surprise growth in March despite Iran war

The economy grew by 0.3% in the month, official figures show, confounding analysts' forecasts of a small contraction.

Higher Europe air fares 'inevitable', says industry head

Flying by air will get more expensive as oil prices remain high after the US and Israel's conflict with Iran.

Nissan ponders building cars for Chinese rivals at Sunderland plant

CEO admits talks with Chery as other European carmakers discuss plans with Chinese firms to share factory spaceBusiness live – latest updatesNissan’s chief executive has confirmed he would consider building cars for other manufacturers at the UK’s largest car factory in…

Investor jitters over Starmer uncertainty drive UK borrowing costs to 28-year high

Bond yields soar and pound falls against dollar as investors brace for potential Labour leadership changeLong-term UK borrowing costs soared to the highest level in almost three decades on Tuesday as fears about a change of Labour leadership triggered investor jitters and…

Cell phone data shows Trump's trade policies are hurting more than just Canadian tourism

Researchers at the University of Toronto found Canadian visits to US cities fell by nearly half in the year following the start of Trump's trade war.

British Steel nationalisation plans announced by Starmer

The steelworks has been under government control for almost a year, but leglistation to nationalise it will be put forward this week.

Oil prices jump after Trump dismisses Iran proposal to end war

The Strait of Hormuz waterway remains effectively shut, severely disrupting global energy shipments.

Goldman Sachs Retirement Survey 2025: Retirement Could Cost $2.5 Million by 2043, and Most Americans Are Not Saving Fast Enough to Keep Up

The UK is set for a staycation summer - and there are plenty of hidden gems

Seasoned staycationers share their favourite spots as Airbnb and Booking.com say interest in UK stays are up on last year.

US jet fuel could be used in Europe to ease possible shortages

An international air body suggests wider acceptance of US-grade jet fuel could help to head off any supply problems.

The Biggest Transformation in Banking History Has Begun | Future of Global Banking

The banking industry is entering its most revolutionary era ever. From digital banking infrastructure and global financial connectivity to AI-driven finance and cross-border trade solutions, the future of banking is transforming faster than most businesses realize. This article explores how modern financial innovation is changing global banking forever and why companies must adapt to remain competitive in the new financial world.

Minimum car insurance requirements in all 50 U.S. states

I bought a cheap minivan and lived out of it while getting my college degree — doing so helped me graduate debt-free

In college, I bought a cheap van and lived out of it while working and using campus resources to save money on housing costs and graduate debt-free.

'We had people come just to see it': Amazon delivers its first UK parcels by drone

The unmanned aircraft can drop off 100 parcels a day within a 12km radius of Amazon's hub.

People urged not to cancel flights over fuel shortage fears

Airlines have cut 13,000 flights globally in May as jet fuel prices soar due to the conflict in the Middle East.