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1810 articles · page 5 of 38

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Business

Tories dismiss Burnham's 'everyday fixes' as 'cheaper gherkins' as shop price inflation hits two-year high

The Conservatives have attacked Prime Minister Andy Burnham's pre-Budget 'everyday fixes' as little more than 'cheaper gherkins', as new data showed UK shop price inflation at its highest in more than two years. Shadow chancellor Andrew Griffith said the package, which includes removing tariffs on over 100 products and easing carer's allowance rules, was 'an insult to families hammered by Labour's tax rises.'

· 6 sources
Business

FTC and 20 states sue Dollar General, alleging retailer overcharged customers by millions

The Federal Trade Commission and 20 states on Monday filed a lawsuit against Dollar General, the nation's largest discount chain, accusing the retailer of systematically overcharging customers at the register while advertising lower prices on shelves and in promotions. The FTC alleges the practice extracted "millions of dollars in unlawful overcharges" from shoppers who rely on the chain's low prices to stretch their budgets.

· 8 sources
Business

NBA embraces prediction markets with Kalshi and Polymarket partnerships

The National Basketball Association has named Kalshi and Polymarket as its preferred prediction-market exchanges, becoming the latest major US sports league to embrace the industry while also signing a cooperation agreement with the Commodity Futures Trading Commission. The partnerships include integrity protections, restrictions on the types of contracts offered and information-sharing requirements, the league said Monday.

· 4 sources
Business

Economists see Microsoft buyout as possible sign of tech shift toward capital

Some economists see Microsoft's offer of voluntary buyouts to roughly a quarter of its global workforce as part of a broader tech industry shift toward capital-intensive AI investment. The company expects uptake below five per cent, a spokesperson told Fortune, while its capital expenditures, including finance leases, rose about 30 per cent to $45.2 billion in the quarter ended Sept. 30, CNBC reported.

· 24 sources
Business

Calpers cuts Magnificent Seven holdings as AI spending doubts mount

California’s public pension fund Calpers reduced its combined direct shareholdings in the Magnificent Seven technology stocks by 26% in the first half of 2026, the Financial Times reported, as concerns over stretched valuations and the payoff from surging AI investment fuel a broader repositioning toward private equity. The move came alongside a warning from Elon Musk that financing for AI data centre companies has largely dried up, triggering a pre-market sell-off in neocloud providers CoreWeave, Cipher Digital and IREN.

Business

Nvidia invests $3bn in Meta as Musk warns of AI 'neocloud' consolidation

Nvidia announced on Tuesday it will invest $3 billion in Meta, the first concrete commitment from chipmakers in the social media giant's record $95 billion stock offering to fund AI infrastructure. The deepening partnership, which includes expanded work on Meta's Vera Rubin systems and Muse AI agent, comes as Elon Musk warns that more than 200 neocloud data centre providers face a funding crisis and consolidation.

· 11 sources
Business

Accelerate Resources launches first modern drill test of 12km Pilbara manganese corridor

Accelerate Resources has begun the first modern drill test of a 12-kilometre manganese corridor at its Woodie Woodie North project in Western Australia's East Pilbara, launching a five-week reverse circulation program at the Gingarrigan prospect. The maiden 3500-metre campaign will test a corridor where systematic mapping has identified more than 200 manganese outcrops, with rock chips grading up to 59.6 per cent manganese.

· 2 sources
Business

SpaceX signs binding $40B GPU lease with Apollo as Musk warns of neocloud shakeout

SpaceX has signed a binding commitment letter for roughly $40 billion in GPU leases with an entity managed by Apollo Global Management, according to a regulatory filing. The deal, which SpaceX called the largest committed GPU financing, will see Apollo buy Nvidia's next-generation Vera Rubin chips and related server hardware and lease them to SpaceX over about five years. Elon Musk used the announcement to warn that debt markets have largely shut off funding for companies whose revenue depends solely on AI data centers, predicting widespread consolidation among the more than 200 neocloud providers.

· 7 sources
Business

Trump warns Iran 'we don't play games' as oil prices climb despite restored Hormuz flows

Oil prices have climbed to near six-month highs even as shipments through the Strait of Hormuz return to close to pre-war levels, with US President Donald Trump warning it is "getting to be decision time" on whether to strike a deal with Iran or resume US attacks. In an interview on Fox News on Sunday, Trump said: "I have a decision to make. Do I finish it off, which would be very easy to do, or do I make a deal?... We don't play games."

· 6 sources
Business

ASIC confirms no enforcement action against Super Retail board, case against Ex-CEO Heraghty proceeds

The corporate regulator will not take enforcement action against Super Retail Group or its directors over the scandal that led to the sacking of former chief executive Anthony Heraghty, the company has announced. The group will, however, fund Heraghty’s defence against the legal action brought by the Australian Securities and Investments Commission, which alleges he breached director’s duties by failing to disclose a relationship with a senior employee.

Business

Nvidia floats $2,000 per GPU software fee for AI agents

Nvidia CEO Jensen Huang said at GTC Berlin on October 22 that the company is considering charging around $2,000 per GPU per year for the software needed to run AI agents on its infrastructure, a pricing model that could generate $50 billion over five years under one scenario outlined by analysts. Huang stressed that software licensing will become an increasingly major part of Nvidia’s business but has not confirmed when the fee would take effect or which products it would cover.

Startups

Billy Evans’ laser-diagnostics startup Haemanthus draws scrutiny amid Theranos comparisons

Billy Evans, the longtime partner of convicted Theranos founder Elizabeth Holmes, is facing growing scrutiny over his Austin-based startup Haemanthus, which claims to use laser technology to detect disease from blood, saliva, and urine. Interest in the company has surged since the release of the documentary "You Can See Everything" on Oct. 16, but Haemanthus has yet to launch a commercial product or publish independent data validating its technology. The company has reportedly raised up to $20 million and holds at least one patent, but its chief technology officer resigned in March, and questions remain about what the startup has actually built.