Latest stories, analysis, and insights from the world of business.
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.
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.
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.
Tether has acquired SoftBank Group's approximately 26% stake in bitcoin treasury company Twenty One Capital, increasing Tether's ownership to roughly 71%. SoftBank's stake was valued at approximately $679 million.
SpaceX's S-1 IPO filing reveals the company has pivoted from a space pioneer to an AI-centric player competing with giants like Microsoft and Google. Despite a projected $1.5 trillion valuation, analysts warn the company faces substantial challenges in funding its ambitious AI expansion while managing significant operating losses.
Tether has acquired SoftBank's approximately 26% ownership stake in bitcoin treasury company Twenty One Capital for roughly $679 million, increasing Tether's total stake to approximately 71%.
An Alabama high school and Toyota have partnered to train students for industrial maintenance and skilled trades roles paying $40+ an hour, addressing a critical shortage of blue-collar workers as AI automation displaces white-collar jobs.
NextDecade is on the verge of becoming the top exporter of natural gas out of Texas with its Rio Grande LNG project, which after more than a decade of delays and challenges is slated to begin production in early 2027. The geopolitical tensions from the Iran war have renewed global focus on liquefied natural gas and U.S. energy independence.
Food inflation has driven up prices of everyday essentials like eggs, bread and milk significantly since 2022, driven by factors including avian flu impacts, energy costs, and global conflicts affecting grain supplies. Analysis shows supermarket profit margins haven't increased despite rising sales, indicating the cost pressures are being passed to consumers.
Moment, founded by former Citadel quantitative traders, has raised $78 million in Series C funding led by Index Ventures with a16z participating to develop AI tools for automating fixed-income and equities trading technology.
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As Americans prepare for Memorial Day weekend, inflation continues to squeeze consumer budgets with sharp increases in food, travel, and recreation prices driven by the Iran War and rising oil costs. Total inflation hit 3.8% year-over-year in April, the highest rate since 2023, while consumer sentiment reached record lows.
Amazon's UK boss John Boumphrey calls for work experience to be mandatory for over-16s, arguing that youth unemployment is a "system problem" not a motivation issue, as the UK's youth joblessness rate hits its highest level since 2014.
Indian rooftop solar startup SolarSquare is in advanced talks to raise $55-60 million in Series C funding at a $450-500 million valuation from B Capital and Lightspeed Venture Partners, reflecting surging investor interest in India's residential solar market.
U.S. consumers face rising prices across food, travel, and recreation heading into Memorial Day weekend as total inflation reached 3.8% year-over-year in April, the highest rate since 2023. Gas prices have soared over 28% and beef costs are up as much as 16% compared to 2025.
Analysts warn that rising interest rates are creating a vicious cycle where higher debt servicing costs could drive even larger federal deficits, as the bond market sells off amid inflation concerns and deteriorating U.S. fiscal health.
Amazon's UK boss John Boumphrey argues that youth unemployment is a "system problem" rather than a motivation issue, calling for mandatory work experience for over-16s as a solution to record youth joblessness in Britain.
Indian rooftop solar startup SolarSquare is in advanced talks to raise $55-60 million in Series C funding at a valuation of $450-500 million, led by B Capital and Lightspeed Venture Partners, signaling major VC interest in India's residential solar market.
Apple revealed it blocked over $11 billion in fraudulent App Store transactions over the last six years, including more than $2.2 billion in 2025 alone. The company rejected over 2 million problematic app submissions and blocked more than 1.1 billion fraudulent account creations last year.
Quantum computing stocks surged Thursday following the US government's announcement of $2 billion in grants and equity stakes across nine companies, with D-Wave closing up 33%, Rigetti up 30%, and IBM up 12%.