Markets
Anthropic Above, DeepSeek Below: OpenAI’s Squeeze Is Now a $1 Trillion IPO Problem
OpenAI lost the revenue lead to Anthropic and got sued by Apple in the same week. The structural problem is worse than either headline.
Section
Business
Business news, M&A, corporate strategy, and industry analysis
Business
The EU-US Trade Deal Just Took Effect, and the 15% Tariff Ceiling Changes Everything for Global Business
After months of negotiation and legislative ratification across 27 member states, the most consequential…
Business
Spain Blacklists Palantir From State Companies Over National Security Fears, Joining France and Germany
Europe’s third ban on the U.S. defense tech giant in two months is not…
AI
ByteDance Is Spending $39 Billion on Its Biggest Data Center Outside China, and Brazil Won the Bid
TikTok’s parent company just made the largest single infrastructure bet in Latin American history,…
AI
Meta Is Building a Cloud Business to Sell Its Massive AI Computing Surplus
Mark Zuckerberg spent more than $60 billion building AI infrastructure nobody outside Meta could…
Business
Tesla Delivers 480,000 Vehicles in Q2, Crushing Wall Street Estimates by 18% as International Sales Surge
Tesla reported 480,126 Q2 2026 deliveries, crushing the 406,024 Wall Street consensus by 18…
Business
EU Ends De Minimis Exemption: New Customs Duty on Low-Value Parcels Hits Cross-Border Ecommerce
The era of duty-free cheap imports into Europe ended Tuesday. As of July 1,…
Business
FedEx Sells Supply Chain Unit to CMA CGM for $1.4 Billion in Logistics Reshuffling
FedEx is getting out of the contract logistics business. The Memphis-based shipping giant agreed…
Business
Kroger Bets $1.65 Billion on Giant Eagle to Rebuild Its Regional Grocery Empire
Kroger just made the deal that Albertsons was supposed to be. The Cincinnati-based grocery…
Business
Nike Beats Earnings Estimates, but a $986 Million Tariff Refund Is Doing All the Heavy Lifting
Nike reported fiscal fourth-quarter revenue of $10.97 billion on Monday, slightly above the $10.86…
Business
Microsoft Cuts Thousands of Jobs and Weighs Closing Arkane Studios in Biggest Xbox Overhaul Yet
Microsoft is preparing to cut under 2.5% of its 228,000-strong global workforce, with the…
AI
Microsoft Plans Thousands More Layoffs as $190 Billion AI Bet Guts Non-AI Divisions
Microsoft is preparing to cut thousands of jobs across its sales, consulting, and Xbox…
Business
EchoStar Prepares Chapter 11 Filing for Dish DBS, Betting $14 Billion Bankruptcy Will Unlock Spectrum Goldmine
Charlie Ergen built a satellite empire on the bet that Dish Network’s pay-TV cash…
Business
Rocket Lab Acquires Iridium for $8 Billion, Building the First Fully Vertically Integrated Space Company
Business
Anthropic Accuses Alibaba of Running 25,000 Fake Accounts to Steal Claude AI Capabilities
Business
OpenAI Unveils Jalapeno, Its First Custom AI Chip Built With Broadcom to Cut Inference Costs by 50%
Business
Comcast Stock Surges 23% as NBCUniversal and Sky Spinoff Completes a Three-Way Corporate Breakup
Business
Enterprise AI Spending Hits a Wall as Companies Shift From Tokenmaxxing to Efficiency
Business
SpaceX Joins the Nasdaq-100 in Record Time, Forcing Up to $27 Billion in Passive Fund Buying
Business
China Blacklists 40 Japanese Entities in Sweeping Dual-Use Export Crackdown
Business