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The Latest Breaking News on Business

US Stocks: Broadcom set to shed $300 billion in value as AI results fail to impress; shares fall 14%

The losses, if sustained, will erase more than $315 billion from the company's market value of about $2.268 trillion, in one of the biggest one-day wipeouts ever.

The Economic Times

Why Brand-Name Loyalty Is Costing You at the Grocery Store

Grocery bills continue to climb, and many shoppers feel the squeeze every time they push a cart down the aisle. While inflation often takes the blame, another factor quietly increases food costs week after week: brand-name loyalty. Many consumers automatically reach for familiar products without comparing alternatives, often paying significantly…

Everybody Loves Your Money

Is Capital One Stock Underperforming the Dow?

Capital One is facing a rough patch as its shares lag the broader market. However, Wall Street still sees untapped potential ahead.

Barchart

From analysis to the latest developments in health,
read the most diverse news in one place.

Electric Trucks Have Failed Spectacularly In America. Here's Why Ford Is Trying Again

Ford says its upcoming electric truck has one job: to be a great vehicle first. The EV part is almost beside the point.

InsideEVs

American Airlines Suspends Six Domestic Routes As Jet Fuel Prices Remain High

American Airlines has suspended six routes as jet fuel prices remain high due to the war in Iran.

International Business Times

Transcontinental Q2 Earnings Call Highlights

Transcontinental (TSE:TCL.A) reported lower second-quarter revenue and slightly lower adjusted profitability from continuing operations, while management said it expects stronger results in the second half of fiscal 2026 following recent contract wins, cost reductions and the national rollout of its

MarketBeat

Canaccord Genuity Group Q4 Earnings Call Highlights

Canaccord Genuity Group (TSE:CF) reported a record fiscal 2026 revenue total and sharply higher adjusted profitability, as stronger capital markets activity and continued growth in wealth management helped offset uneven market conditions during the fourth quarter. Chairman and CEO Dan Daviau said t

MarketBeat

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Broadcom set to shed $300 billion in value as AI results fail to impress

Broadcom shares dropped significantly after its AI chip business results missed high expectations. This decline affected other chip companies too. Despite the setback, Broadcom's long-term AI revenue forecast remains strong. Analysts are watching closely as the company navigates increased competition and investor sentiment.

The Economic Times

Coloradans are getting squeezed by credit cards while trying to navigate high costs

Colorado’s breathtaking landscapes are increasingly overshadowed by breathtaking bills. Despite a high-growth economy, many households face a concerning paradox. Expenses are rising, but wages have not kept pace. To fill the gap, many families now rely on high-interest credit cards.

The Conversation

Grant Cardone Shows How He Turns a $25 Rent Increase Into a $750,000 Payday: 'It's Called Scale'

Real estate mogul Grant Cardone boosts property value and income with strategic rent adjustments. Learn why cash flow is crucial for asset maintenance and explore Cardone's wealth strategies.

International Business Times UK

Why are US consumers so angry? It’s not just high prices

There’s a stew of factors at work behind the rise in consumer rage – but there are potential solutions, too

The Guardian - US

Retirement at 65 Is Dead in These States: America's Highest Share of Working Seniors Lives Here

Nearly one in five Americans aged 65 and older is still working in 2025, with Nebraska leading the way. Explore the varied employment trends across states and occupations in this analysis.

International Business Times UK

Colorado governor vetoes block on surveillance pricing as other states push for bans

Consumer advocates decry Democrat Jared Polis for ‘choosing to side with dominant corporations’ over workers

The Guardian - US

CEO says anyone who works from home is grabbing groceries or at the vet 30% of the time—and shows off his busy office at Friday 5 p.m. to prove it

“I’m a big believer in working in office,” the founder slammed. “If you don’t like that, well go run your own company.”

Fortune

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Euronews

AI giant Broadcom sheds $300bn in market value as outlook misses sky-high expectations

The American chipmaker Broadcom reported a 48% revenue surge and AI semiconductor sales up 143%, but it disappointed investors by not raising its long-term sales target, sending shares tumbling more than 12% in after-hours trading.

International Business Times UK

Charli D'Amelio Cuts Ties With Family Brand 'Be Happy Snacks' After Quietly Leaving Six Months Ago

Charli D'Amelio has ended her involvement with 'Be Happy Snacks', a family business, due to financial disagreements with her father, Marc D'Amelio

The Economic Times

ET Alpha Wealth Summit: S Naren shares blueprint for investing in a boring market

ICICI Prudential AMC CIO S. Naren described the current market as a “boring phase,” marked by a tug-of-war between FIIs and domestic mutual funds. At the ET Alpha Wealth Summit, he outlined five market-cycle phases, warning that parabolic asset rallies and leveraged investing are classic signs of bubbles.

Caixin Global

Business Brief (June 4): China Responds to New U.S. Section 301 Tariffs

Tencent’s market capitalization surges to HK$4 trillion on WeChat AI expectations, BYD ventures into humanoid robots with plans for home use

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news in one place.

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Barchart

Dollar Rallies on Strength in Crude and the US Economy

The dollar index (DXY00 ) on Wednesday rallied to a 1.75-month high, finishing up by 0.31%. The dollar moved higher on Wednesday, supported by a +2% increase in WTI crude oil prices, which lifts inflation expectations and may prompt the Fed to tighten monetary policy, a bullish factor for the...

MarketBeat

Veeva Systems Q1 Earnings Call Highlights

Veeva Systems (NYSE:VEEV) reported a strong start to the year, with Chief Executive Officer and Co-Founder Peter Gassner saying the company delivered results ahead of guidance as it expands its focus on artificial intelligence for the life sciences industry. On the earnings call, Gassner said total

Saving Advice

7 Payment-App Traps That Drain Seniors’ Bank Accounts

People reported over $390 million in losses to the U.S. Federal Trade Commission (FTC) from payment app scams in a single year. As payment apps...

TechRadar

Why building two data centers a week won’t fix AI’s bottleneck

Compute is abundant, power is expensive, but connectivity is the crisis no one sees.

The Economic Times

Financial fixes and high-yield savings: Are you missing the easiest ways to save more and spend less?

More than half of savers still earn under 3% interest, while many households lose around $200 yearly on unused subscriptions. These financial fixes can change that fast. Simple money-saving tips like checking your credit report, reducing credit card debt, boosting 401(k) savings, finding high-yield savings accounts, and lowering auto insurance…

Barchart

How Is TransDigm’s Stock Performance Compared to Other Aerospace & Defense Stocks?

TransDigm is facing near-term stock pressure and has lagged behind its industry peers over the past year, yet analysts maintain a favorable outlook, reflecting confidence in its underlying strength and long-term execution.

International Business Times

Strategy Sold $2.5M in Bitcoin and the Market Acted Like Saylor Burned the Whole Treasury

Strategy sold 32 bitcoin between May 26 and May 31, hauling in about $2.5 million at an average of $77,135 a coin, disclosed in a June 1 8-K filing.

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