Business
Coupang Hit With Record $409 Million Fine in South Korea’s Largest Data Breach Penalty
South Korea just set a new price for failing to protect consumer data, and…
Author: Scott Allan
Author: <span>Scott Allan</span>
AI
Meta Launches $115 Million Workforce Academy to Train AI Data Center Workers With Guaranteed Jobs
Meta is betting that the biggest bottleneck in the AI infrastructure race is not…
Business
Oracle Q4 Earnings Beat Wall Street, but a $40 Billion Capital Raise Spooked Investors
Oracle just posted the kind of quarter most enterprise software companies dream about, and…
Economy
Data Center Tax Breaks Face a Reckoning as Illinois Joins Ohio in Freezing Incentives
The political consensus that once greeted data center construction with open arms and generous…
Markets
Super Micro Computer Raises $7 Billion to Fill a $39 Billion AI Server Backlog
Super Micro Computer announced a massive $7 billion equity and equity-linked financing package on…
Markets
GSK Bets $10.6 Billion on Nuvalent in Its Biggest Oncology Deal in Over a Decade
GSK announced on Monday that it will acquire Nuvalent, a Boston-based clinical-stage oncology company,…
Economy
May CPI Hits 4.2% as Energy Costs Drive Inflation to a Three-Year High
The May Consumer Price Index landed at 4.2% year-over-year on Tuesday, the highest reading…
Energy
US Strikes on Iran Send Wall Street Sliding as Oil Whipsaws Near $88
The United States completed a fresh round of military strikes against Iranian targets near…
AI Policy
USTR Proposes Sweeping Forced-Labor Tariffs on 60 Economies in Broadest Section 301 Action Yet
The Office of the United States Trade Representative on June 2 proposed additional tariffs…
Business
Intesa Sanpaolo Launches $35 Billion Bid for Monte dei Paschi in Bidding War That Could Reshape European Banking
Italy’s largest bank just crashed a party it wasn’t invited to, and the resulting…