Business

Russia's economy is much worse than it seems, and 'elites are increasingly alarmed' as alternate GDP gauge shows huge contraction

Swedish intelligence analysis reveals Russia's economy has contracted by 8% from 2020-2024, contradicting Kremlin claims of 13% growth, while real inflation is estimated at 15% rather than the official 5.2%, indicating growing economic fragility and elite alarm.

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Oil prices fall more than 4% after Trump says Iran talks proceeding in a 'constructive manner'

Crude oil prices fell more than 4% on Sunday following President Trump's statement that negotiations with Iran to reopen the Strait of Hormuz are advancing in a constructive manner, offering the first signs of a potential resolution to the Middle East supply crisis.

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Uber Weighs Higher Bid for Delivery Hero After Initial €38-Per-Share Offer Rejected

Uber approached a major shareholder of German food delivery company Delivery Hero with a €38-per-share bid valuing the group at €11.5 billion or more, but was rebuffed. The ride-hailing company is now considering a higher offer.

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Alaska's oil revival sparks a new energy rush Into the Arctic

Alaska is experiencing a resurgence in oil industry interest and investment, driven by new discoveries suggesting greater crude potential and enabled by more accommodating policies from the Trump administration. Major companies including ConocoPhillips, Shell, and ExxonMobil are bidding record amounts and returning to Arctic drilling projects.

May 24, 202612 min

The best Memorial Day sales you can shop this weekend

Memorial Day sales are in full swing with steep discounts on tech including 4K OLED TVs, noise-canceling earbuds, portable speakers, robots vacuums, laptops, and outdoor gear.

May 24, 202615 min

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Uber Weighs Higher Bid for Delivery Hero After Initial €38-Per-Share Offer Rebuffed

Uber approached a major Delivery Hero shareholder with a €38-per-share bid valuing the German food delivery group at over €11.5 billion, but was rebuffed. The company is now weighing a higher offer to complete the acquisition.

Space Rockets, Satellites, Data Centers and Grok: What's the Right S&P Sector Index for SpaceX?

As SpaceX prepares for its IPO with a $1.75 trillion valuation, financial data companies S&P Global and MSCI must determine which sector index the company belongs to, with the Communications Services Sector being the leading candidate based on Starlink's dominant revenue contribution.

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Sources: Uber weighs a higher bid after it approached a major Delivery Hero shareholder with a €38-per-share bid, valuing the group at €11.5B+, but was rebuffed

Uber is considering increasing its takeover bid for Delivery Hero after its initial €38-per-share proposal valuing the German food delivery company at over €11.5 billion was rejected by a major shareholder.

SpaceX stock is about to join this growing constellation of public companies building a space-based economy

As SpaceX prepares for its blockbuster IPO, a growing roster of publicly traded space companies are already capitalizing on the expanding space economy, from satellite and rocket manufacturers to aerospace giants like Boeing and Lockheed Martin.

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The ECB Summons Eurozone Banks to Meeting on AI Risks

The European Central Bank has called an emergency meeting with Eurozone banks on Tuesday to address risks posed by advanced AI models, seeking insights from US banks with access to the latest systems.

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The ECB summons Eurozone banks to a meeting on Tuesday to discuss risks posed by the latest AI models and hopes US banks with Mythos access will share lessons

The European Central Bank is holding an urgent meeting with Eurozone banks to address financial system risks from advanced AI models, seeking insights from US banks with access to frontier AI systems like Mythos.

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Nonprofit fraud isn't surging. Enforcement is

While high-profile nonprofit fraud cases dominate headlines, federal data shows enforcement actions are at record levels—not necessarily that fraud itself is increasing. The Department of Justice reached $6.8 billion in settlements in 2025 under the False Claims Act, but nonprofits remain significantly undertrained compared to private companies in detecting and preventing fraud.

May 24, 20268 min

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How the AI boom is transforming global M&A, now dominated by the AI-driven race to control the world's energy, fiber networks, and computing capacity

The AI boom is driving record-breaking M&A deals as companies race to control critical infrastructure including energy sources, fiber networks, and computing capacity, with deals hitting record highs and previously undervalued companies becoming attractive acquisition targets.

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SpaceX's next-gen rocket is the key to its sky-high valuation, early investor says: 'Starship also enables all kinds of frontier markets'

SpaceX's Starship V3 rocket is central to the company's $1.7 trillion valuation, enabling multiple revenue streams from Starlink satellite internet and orbital data centers to future Mars missions, according to early investor Chad Anderson.