The British government is offering cheaper chocolate and discounted entry to theme parks as it seeks to ease a cost-of-living squeeze and win back voters. Treasury chief Rachel Reeves on Thursday announced modest handouts to help alleviate rising costs sparked by…
Welcome to Eye on AI. Beatrice Nolan here, filling in for AI reporter Sharon Goldman. In today’s issue: Anthropic’s Claude comes to London…OpenAI’s imminent IPO…Google DeepMind’s union battle…and worldwide AI spending on track to hit $2.59 trillion this year. Most…
Intuit beat expectations across nearly every major metric in its third quarter. But the company also announced it was cutting roughly 17% of its workforce. For the quarter ended April 30, the maker of TurboTax, QuickBooks, Credit Karma, and Mailchimp…
For roughly 76 million American households, federal income taxes could eventually disappear—if a proposal by billionaire Amazon founder Jeff Bezos ever becomes reality. The now Blue Origin owner argued in a recent interview with CNBC that the bottom half of…
Thanks to multiple historic donations last year and an eye-popping volume of philanthropic gifts, MacKenzie Scott has etched her way to becoming one of the world’s most generous philanthropists. But the Chronicle of Philanthropy doesn’t see it that way. Although…
A case in point is the recent 600% share price surge of Allbirds, after the once-trendy sustainable footwear business issued a vague announcement in April 2026 that it would pivot to AI. In the coming months, the company plans to…
Elon Musk announced plans Wednesday for one of the biggest stock sales ever by taking public a space company that is currently losing billions of dollars a year. A filing shows that his SpaceX lost $2.6 billion from operations last…
Hot off the back of another record-breaking earnings call from Nvidia, JPMorgan Private Bank’s Kriti Gupta and Nick Roberts believe it’s “entirely plausible” for the S&P to hit 9,000 by mid-2027. In a note shared with Fortune ahead of its release…
On some level, that’s expected: Elon Musk (the world’s richest person) and his businesses have long been their own landscape of lightning rods. But SpaceX has always especially captured imaginations. The company’s been around since 2002 and for decades has…
When the supply of toilet paper started running out back in 2013, the Venezuelan authorities came up with a novel explanation. “95% of people eat three or more meals a day,” the president of the National Statistics Institute, Elias Eljuri, said at the time. The suggestion appeared…