Anthropic files confidentially for IPO
Anthropic filed a confidential regulatory filing with the SEC ahead of its expected initial public offering (IPO) later this year, the company said on Monday.
Fed's favored inflation gauge remained elevated in April
The latest PCE inflation data was released by the Commerce Department and showed that inflation rose and remained elevated in April due in part to the Iran war's impact.
Workers face growing 'automation anxiety' as tech layoffs surge, AI adoption accelerates
AI automation anxiety is growing as over 85,000 tech jobs were cut through April 2026. One CEO says short-term job creation will come from AI tool adoption.
Honda posts first-ever annual loss in nearly 70 years as electric vehicle bet backfires
Honda posts its first-ever annual loss since 1957 as its electric vehicle bet leads to $9 billion in restructuring costs amid Trump's policies.
Saudi Aramco CEO warns oil markets may not recover until 2027 due to Hormuz disruptions
Saudi Aramco CEO says the global energy market has lost about 1 billion barrels of oil supply amid the Iran war's disruption to Strait of Hormuz shipping.
US economy added 115,000 jobs in April, beating expectations
The U.S. economy added jobs at a modest pace last month according to the Labor Department's April 2026 jobs report that was released on Friday.
GameStop targets eBay in $56B takeover bid, sees path to rival Amazon
GameStop launches a $56 billion bid for eBay, with CEO Ryan Cohen outlining plans to cut costs and position the platform as a rival to Amazon.
Tech titans Elon Musk and Sam Altman head to court in trial over OpenAI: What to know
Elon Musk's lawsuit alleging OpenAI violated its nonprofit mission heads to trial as jury selection begins in a federal court in Oakland, California.
What a government stake in Spirit Airlines could mean for passengers and the industry
Experts say a potential government bailout of Spirit Airlines is unlikely to disrupt most travel plans, though it could have broader industry impacts.
How does Fed chair nominee Kevin Warsh view the central bank's inflation goal?
Fed chair nominee Kevin Warsh is testifying before the Senate Banking Committee and has previously signaled support for a range-based approach to inflation targets.
Average monthly mortgage payment hits new high, topping $2K for first time ever
More than half of outstanding mortgages still carry rates at or below 4%, but new buyers face much steeper costs as average payments hit $2,005 per month.










