Business

OpenAI Ad Business Hits $1 Billion Annualized Revenue Run Rate

OpenAI's advertising business has reached a $1 billion annualized revenue run rate as it rolls out ad tools on ChatGPT for businesses worldwide.

10-Year Treasury Yield Breaks Out, Rattling Stocks and Testing Bessent

The 10-year Treasury yield has broken higher, pressuring stocks and raising the prospect of 5% as government borrowing and inflation weigh on markets.

Trump’s MAGA Inc. Spends $10 Million on Texas Senate Ad Blitz

MAGA, Inc. reported spending $10 million on ads in the Texas Senate race, its first major midterm outlay, pitting Ken Paxton against James Talarico.

Trump Presses Apple to Rename Lake Ontario ‘Lake America’ on Maps

U.S. Interior Secretary says Apple may change 'Lake Ontario' to 'Lake America' on its maps after Trump talk, following Google's switch for U.S. users.

Micron Holds Third-Lowest Valuation in S&P 500 Despite AI Rally Lead

Micron trades at the third-lowest valuation in the S&P 500 despite leading the AI rally, as investors weigh its shift toward contracted memory revenue.

Etsy Highlights Local Sellers to Offset Impact of New Tariffs

Etsy is taking steps to help shoppers find and support local businesses as new U.S. tariffs threaten to raise the cost of imported goods....

Chagee Stock Jumps 15% in U.S. Market Debut as Tea Chain Eyes U.S. Expansion

Chagee, a rapidly expanding Chinese tea chain, saw its shares rise by 15% during its public debut on the Nasdaq under the ticker “CHA.”...

Eli Lilly’s Obesity Pill Shows Promising Results in Late-Stage Trial

Eli Lilly has announced encouraging results from the first of several late-stage trials of its daily obesity pill, orforglipron. The pill achieved the company’s...

Target Faces Backlash and Boycott Threats Over DEI Rollback

Target CEO Brian Cornell recently met with Rev. Al Sharpton in New York following criticism over the company’s decision to scale back its diversity,...

UnitedHealth Cuts Profit Forecast as Medicare Costs Surge, Sending Stock Plunging

UnitedHealth Group saw its stock drop 20% after it cut its annual profit outlook, citing a steep rise in medical costs tied to its...

IRS Loses Key Talent Amid Staffing Cuts, Jeopardizing High-Value Tax Investigations

Wesley Stanovsek was viewed as an ideal addition to the Internal Revenue Service when he joined in 2024. With Congress having recently approved $80...

American Express Sees Resilient Spending from Wealthy and Younger Cardholders

American Express reported continued strength in consumer spending during the first quarter of 2025, with a notable contribution from younger generations and its affluent...

Harvard Faces Major Financial Risk Amid Clash with Trump Administration

Harvard University is facing escalating political and financial pressure following its refusal to comply with a federal directive issued by the Trump administration. On...

Netflix Q1 2025 Results Impress, But Outlook Remains Cautious Amid Economic Uncertainty

Netflix reported impressive financial results for the first quarter of 2025, highlighting strong operational efficiency and steady revenue growth. The company posted an operating...

Netflix Q1 2025 Earnings Soar with Strong Revenue and Ad Growth

Netflix delivered a strong performance in the first quarter of 2025, posting earnings and revenue figures that exceeded market expectations. The company reported a...

Lyft Acquires Free Now for $199 Million to Expand into Europe

U.S. ride-hailing company Lyft revealed plans to acquire European taxi app Free Now for 175 million euros ($199 million) in a move that will...

Tech Stocks Tumble as Tariff Fears Hit Chipmakers and AI Growth

Technology stocks saw a sharp decline on Wednesday, led by a 7% drop in Nvidia shares, as mounting concerns over U.S. export restrictions and...

AMD Faces $800 Million Hit from U.S. Export Restrictions on AI Chips

Shares of Advanced Micro Devices fell over 7% on Wednesday following a regulatory filing revealing potential charges of up to $800 million due to...

Spotify Recovers After Major Outage as User Frustrations Surge

Spotify experienced a widespread service disruption on Wednesday morning, with around 50,000 users reporting issues through Downdetector. The outage began at approximately 6:20 a.m....

- A word from our sponsors -

spot_img

Follow us

HomeBusiness