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Anthropic says it’s about to have its first profitable quarter
Anthropic has told its investors that it will more than double revenue to around $10.9 billion in its second quarter, and deliver an operating profit for the first time, the Wall Street Journal reports. That’s a big milestone and fast quarter-over-quarter growth that would put it in an advantageous position relative to its chief competitor, OpenAI. However, the WSJ reports, it may not remain profitable throughout the year due to the large compute costs it’s scheduled to incur.
Why South Korea’s Won Is Weak Despite An AI-Driven Stock Boom
A global AI boom has turbocharged demand for chips from South Korea’s tech giants, including SK Hynix Inc. and Samsung Electronics Co., helping to drive the country’s benchmark Kospi stock index up more than 150% over the past year. Yet despite the Kospi outpacing every other major equity market in the world, the South Korean won remains one of Asia’s weakest currencies.
Australia could be plunged into recession: What it would mean for households and why some warn it could be worse than the 1990s: Peter Van Onselen
Australia could be plunged into recession: What it would mean for households and why some warn it could be worse than the 1990s: Peter Van OnselenSee more Daily Mail on Google - save us as a Preferred SourceBy PETER VAN ONSELEN Published: 01:08, 21 May 2026 | Updated: 01:11, 21 May 2026 e-mail View comments
India’s peak power demand hits all-time high for 3rd straight day
NEW DELHI: India’s peak power demand hit an all-time high for the third straight day on Wednesday, with electricity requirement touching 265.4 GW amid intensive use of ACs and cooling appliances due to scorching heat across the country.
The Papers: 'Don't cap food prices' and '20ft from WW3'
'Don't cap food prices' and '20ft from WW3'Just nowShareSaveAdd as preferred on GoogleA backlash against the government's floated proposal to cap food prices leads the Daily Telegraph, topping with Bank of England Governor Andrew Bailey's warning it could be "unsustainable" and "risked backfiring". Addressing MPs at a select committee, Bailey says the measure would mean "effectively artificially moving prices relative to costs", creating what another official calls a "highly distorted" economy,...
High gas prices drive Georgia man to create a "mini car," costing about $3 to fill up
In response to high gas prices, 30-year-old Mali Hightower, a handyman near Atlanta, said he created a
Mayors want to keep handing out free cash after federal funds dried up
Several mayors across the United States are scrambling to keep "no-strings-attached" cash programs alive as the federal pandemic relief funding that triggered the trend officially dries up.In the Chicago suburb of Evanston, Illinois, officials recently announced an expansion of the city's guaranteed income program to burn through the remainder of its federal allotments. The program originally launched as a pilot funded by the American Rescue Plan Act (ARPA). Under federal law, these pandemic rec...
Financiers can't block borrower phones, online shaming barred
MUMBAI: Mobile phone financiers will face restrictions on "mobile lock" practices under RBI's amended rules for loan recovery. Under the reworked draft regulation, lenders can restrict financed devices only under explicit contractual consent and after a 90-day default cycle with a staged 60-day and 7-day notice regime, while mandating that core functions such as incoming calls, internet, SOS, and public alerts remain accessible.
RBC BlueBay Adds to Yen Longs on Intervention, BOJ Rate View
RBC BlueBay Asset Management added to long yen positions this week as the currency drifted back toward 160 per dollar, viewing the level as increasingly attractive amid possible intervention and expectations of a Bank of Japan rate hike in June.
What Nvidia's Q1 earnings report says about state of AI race
Cementing its status as the world's most valuable company, Nvidia reported record revenue in its latest earnings report. Britney Nguyen, Nvidia and chips reporter at MarketWatch, joins with analysis.
Unfair dismissal claims face five-year delay as tribunal backlog grows
Unfair dismissal claims face five-year delay as tribunal backlog growsJust nowShareSaveAdd as preferred on GoogleDominic CascianiHome and legal correspondentBBCCatriona Ball, whose late husband's case will not be heard until 2029, says she did not realise there would be such long delaysUnprecedented employment tribunal service delays in England and Wales mean people bringing unfair dismissal claims are waiting up to five years for their case to be heard.Expert lawyers say there must now be radic...
Net migration likely to fall again in latest official figures
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Drivers warned over bank holiday jams as many appear undeterred by fuel prices
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It's preposterous! M&S boss hits out in backlash at Labour's 1970s-style plan to cap food prices
It's preposterous! M&S boss hits out in backlash at Labour's 1970s–style plan to cap food pricesSee more Daily Mail on Google - save us as a Preferred SourceBy JOHN-PAUL FORD ROJAS, DEPUTY BUSINESS EDITOR Published: 23:46, 20 May 2026 | Updated: 23:46, 20 May 2026 e-mail View comments
Raizen Races to Win Creditor Support as Bondholders Hold Out
Raizen SA is considering pushing ahead with a debt restructuring plan over the objections of offshore bondholders, calculating that it has enough backing from bank creditors and local noteholders to win majority support, according to people familiar with the matter.
SoftBank-Backed Firm to File for US IPO on Data Center Ambitions
SoftBank Group Corp.-backed digital infrastructure firm SB Energy Corp. plans to file a confidential draft registration statement for a proposed initial public offering in the US, the company said in a Wednesday statement.
xAI burned $6.4B last year. SpaceX’s IPO filing shows why the spending is far from over
Elon Musk’s xAI lost $6.4 billion from operations on just $3.2 billion in revenue in 2025, according to SpaceX’s IPO filings. And the losses are poised to grow. SpaceX’s filing reveals plans to scale Grok to “multiple trillions of parameters,” a dramatic boost that will likely require significant additional compute spend. Elon Musk merged his AI company xAI — which had previously acquired his social media platform X (formerly Twitter) — with his rocket and satellite company SpaceX in February be...
Asian Stocks to Rise as Nvidia Whipsaws on Results: Markets Wrap
Asian equities were set to climb Thursday after gains on Wall Street that reflected a constructive outlook for US-Iran talks. Nvidia Corp. shares whipsawed in a lukewarm response to rising data center sales.
Nvidia posts another record quarter, reveals $43 billion of holdings in startups
Nvidia announced another record revenue figure after market close on Wednesday, reporting financial results for the quarter ending April 26. Over those three months, the company brought in $81.6 billion in revenue (up 20% from the previous quarter) and a record $75.2 billion in data center revenue. On the strength of that revenue, the company is authorizing $80 billion in share repurchases. “Our Blackwell architecture is everywhere, adopted and deployed by every major hyperscaler, every cloud pr...
Rupee hits 100/$ in 1-year forward, closes at 96.8 in spot trade
MUMBAI: One-year outright forward rates for the rupee breached the 100 level intraday while the domestic currency slid to a new low of 96.96 in the spot during intra-day trade, before closing at 96.82, down 29 paise from its previous close of 96.53, reports Mayur Shetty.