Business
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prweb.comBloomberg Philanthropies Commits $90M to Train Mechanics in Partnership With Ford
The initiative targets a shortage of mechanics at Ford dealerships. It marks the philanthropy's latest investment in workforce training.
Washington ExaminerFour Branches Bourbon, a Veteran-Owned Distiller, Named One of Three Winners in Fox Business 'Made in America' Contest
The veteran-founded distillery received a $25,000 prize and national television exposure for its tribute to military service ahead of America's 250th anniversary.
america.cgtn.comU.S.-Africa Business Summit Postponed Due to Ebola Outbreak in Central Africa
The Corporate Council on Africa and Mauritius government postponed the July 26-29 event in Mauritius after consulting WHO and local health officials. The 18th summit since 1997 will be rescheduled.
Los Angeles TimesTexas Edges California 57-56 in Fortune 500 Headquarters Count
Texas now hosts 57 of the largest U.S. companies by revenue, one more than California. The shift reverses a ranking California held two years earlier.
thehindu.comReid Hoffman Departs Microsoft Board to Focus on AI Drug Discovery Startup Manus
Microsoft announced Thursday that Reid Hoffman is stepping down from its board. Hoffman said he will devote more time to Manus, an AI-powered drug discovery company he co-founded.
livemint.comTeradata Halts 2026 Raises, TTEC Pauses 401(k) Matches to Fund AI Investments
Teradata halted 2026 salary increases for its 5,100 employees and TTEC suspended 401(k) matches for its 15,000 U.S. workers to fund AI projects. A survey of 866 business leaders found more than half plan similar cuts.
skift.comThrive Holdings to Spend $1 Billion Acquiring Nearly 50 Local Accounting Firms and Deploying AI Tax Tools
Thrive Holdings plans to spend $1 billion buying local accounting practices and integrating AI tools. The strategy has already produced measurable time savings and accuracy gains at one acquired firm.
New York PostSpaceX Launches IPO Roadshow at JPMorgan, Targeting $135/Share Price
Elon Musk joined Jamie Dimon in a virtual interview to open the IPO roadshow. The company plans to sell 556 million shares at $135 each.
thehindu.comReid Hoffman to Leave Microsoft Board at Year-End to Launch AI-Biopharma Startup
LinkedIn co-founder Reid Hoffman, 58, informed the board Tuesday he will not seek reelection. He will remain a director until the company's annual meeting later this year.
nbcnews.comParamount-Skydance to Acquire Warner Bros. Discovery in Deal Facing U.S. States' Lawsuit
Multiple states are preparing legal action against the $110 billion deal, arguing it would reduce competition and harm workers in the entertainment sector.
The BbcTrump Administration Explores Equity Stakes in AI Companies
The meeting will address U.S. government investment in major artificial intelligence firms. Trump compared the plan to the government's 10 percent stake in Intel taken last year.
ndtv.comSpaceX Signs Deal to Lease AI Compute Capacity to Google for Up to $920 Million Per Month
The agreement, disclosed in a regulatory filing on Friday, runs from October 2026 through June 2029. It was announced one week before SpaceX’s planned IPO.
cnbc.comLinkedIn Co-Founder Reid Hoffman to Leave Microsoft Board to Focus on New AI Biotech Startup
Hoffman, who joined the board in 2017 after Microsoft acquired LinkedIn, will step down to focus on his AI-native biopharmaceutical startup Manas.
bbc.co.ukStephen Curry Signs 10-Year, $400 Million Li-Ning Deal After Leaving Under Armour
The Golden State Warriors star ended his sneaker free agency with a new endorsement contract after parting with Under Armour in November. The agreement expands Curry Brand into basketball, lifestyle, and golf products.
benzinga.comSpaceX to Go Public on Nasdaq at $135/Share in IPO Expected to Raise $75 Billion Despite $4.9 Billion Annual Loss
The IPO includes more than 550 million shares and is expected to raise at least $75 billion. SpaceX is set to reach a valuation of around $1.75 trillion after the offering.
The IndependentHigh Court Approves Las Iguanas Restructuring Plan That Wipes Out £37m Debt and Cuts Landlord Rents
A judge sanctioned the plan on Friday after lawyers said the chain would enter administration without it. The Big Table Group will inject £3 million and some landlord debts will be reduced.
citizen.co.zaGoldman Sachs to Hire 2,400-2,500 Interns This Year but Expects Out-of-School Hiring to Contract Slightly as AI Shifts Talent Mix
David Solomon told Bloomberg's Odd Lots podcast that entry-level hiring may contract slightly over three years but will remain substantial. The bank’s intern and new-hire totals are in line with pre-COVID levels.
Goldman Sachs and Morgan Stanley Promote SpaceX IPO With Lobby Displays Ahead of Record $75 Billion Offering
The two banks, lead underwriters on the offering, displayed SpaceX logos and imagery at their New York headquarters on Wednesday. SpaceX seeks to raise $75 billion and reach a valuation above $1.75 trillion.
rte.ieBally’s Intralot Agrees £243m All-Stock Takeover of Evoke at 77% Premium
The owner of William Hill and 888 agreed to an all-stock deal valuing the company at 52p per share after two months of talks. The transaction follows UK tax increases that took effect in April.
manilatimes.netEVE Energy and Stark Future Expand Battery Partnership for 2026 Off-Road Racing Season
The companies announced expanded technical and motorsport cooperation on June 05, 2026, in Barcelona, Spain. They will compete together in four FIM World championships during the 2026 season.
abcnews.go.comNvidia CEO says robotics will be next major sector for South Korea
Nvidia CEO Jensen Huang said robotics will be the next major growth sector in South Korea. He arrived in Seoul for a four-day visit and met with reporters at Gimpo International Airport.
aircargoweek.comEuropean Cargo Enters Administration After $26M Loss, 178 Jobs Lost
The Bournemouth Airport freight carrier ceased trading after posting a $26 million net loss in 2024 and grounding its six A340 freighters in May 2026.
bbc.co.ukFormula 1 Extends Las Vegas Grand Prix Deal Through 2037 After County Approval
The series will race on the Las Vegas Strip until at least 2037 after a 10-year extension approved by Clark County commissioners in mid-May.
financialpost.comFrench billionaire asks lawmakers to allow disinheritance of children
Pierre-Edouard Sterin told senators he wants to leave his entire estate to charity rather than his five children. Current French law requires three-quarters of assets to pass to offspring under rules dating to the Napoleonic era.
skift.comAirbnb CEO Brian Chesky Invests in AI Lab to Build Next-Generation Travel Interfaces
Brian Chesky is funding an early-stage artificial intelligence venture while remaining CEO of Airbnb. The lab will develop models with an emphasis on design and interaction rather than text chatbots.
winnipegfreepress.comAlbania Approves €4bn Adriatic Tourism Project Led by Kushner
Demonstrators have gathered nightly outside Prime Minister Edi Rama's office for four consecutive days, opposing a proposed luxury resort on Sazan island and Zvernec near Vlora.
The Sydney Morning HeraldMoscow Court Seizes Ex-Senator Vadim Moshkovich’s 49% Stake in Ros Agro After Finding Conflict-of-Interest Violations
A Moscow court ordered the seizure of Vadim Moshkovich’s family’s 49 per cent stake in Ros Agro last month. The action is part of a sharp rise in Russian asset seizures tied to anti-corruption cases.
ESPNLakers Announce Multi-Year Daiso Sponsorship Deal Placing Logo on Laker Girls Uniforms
The Los Angeles Lakers announced a multi-year deal with Japan-based retailer Daiso on Thursday. The agreement places the Daiso logo on Laker Girls uniforms during select games and makes Daiso the presenting sponsor of team auditions.
New York PostSpaceX to Launch $75B IPO Open to Retail Investors
JPMorgan Chase CEO Jamie Dimon will lead a discussion on SpaceX’s initial public offering at the bank’s Midtown Manhattan headquarters. The session will stream to 90 locations across 26 states.
SpaceX Launches $75 Billion IPO at $1.75 Trillion Valuation While Reporting $4.9 Billion Loss
SpaceX began investor meetings Thursday ahead of a planned IPO next week priced at $135 per share. The company targets a $1.75 trillion valuation and has set aside up to 30 percent of shares for retail buyers.
Indeed Launches 'Jobs Need People' Campaign as It Expands AI Use in Hiring and Marketing
The job site rolled out new creative produced with 72andSunny that highlights AI-powered matching tools while stressing that hiring decisions remain human. Chief marketing officer James Whitemore discussed the campaign and three AI priorities in a Business Insider interview.
benzinga.comSpaceX Raises $135 Billion in Direct IPO at $1.77 Trillion Valuation
SpaceX filed to price its IPO at $135 per share and will sell 555,555,555 shares when trading begins on Nasdaq on June 12. The offering targets a valuation between $1.75 trillion and $1.77 trillion and aims to raise about $75 billion.
The HillU.S. Chamber of Commerce Receives Record $100 Million Anonymous Donation
A single anonymous donor gave the 114-year-old organization its largest contribution ever to expand the New Fight for Free Enterprise initiative.
medium.comSoftBank Shares Fall, Cutting Masayoshi Son Net Worth by $13 Billion
SoftBank shares declined, reducing Masayoshi Son's net worth by $13 billion. The drop ended his position as Asia's wealthiest individual.
Japan TimesNvidia CEO Jensen Huang Arrives in South Korea for Four-Day Visit, Meetings With Business Leaders and AI Startups
Jensen Huang will arrive at Gimpo International Airport on Friday for meetings with South Korean business leaders, gaming executives, AI and robotics startups, and university researchers.
Japan TimesJapan to Adopt Growth Strategy Promoting Overseas Investment Despite Domestic Criticism
Japan’s government will adopt a growth strategy this summer that positions foreign direct investment as a tool to expand exports and build economic ties with trusted partners.
FIFA Releases Thousands More 2026 World Cup Tickets as Resale Prices Soften for Some Matches
Availability on FIFA’s official portal rose from 20,500 seats on Wednesday to 37,000 before easing to 33,000 on Thursday morning. The increase follows a sharp decline from over 100,000 tickets at the end of May.
Korea Investment Corp. to Open Tokyo Office, Expanding Reach in Japan’s Alternative and Traditional Assets
The $232 billion South Korean sovereign wealth fund will open its sixth overseas office in Tokyo this summer to expand investments in Japan across both alternative and traditional assets.
Google DeepMind CEO Predicts AGI Around 2030, Cites Major Transformative Potential
Demis Hassabis told a Stanford audience that artificial general intelligence is a few years away and will mark a new human era. Alphabet separately announced plans to raise up to $80 billion for AI infrastructure.
manilatimes.netGEN Restaurant Group Signs Wholesale Distribution Deal with C&S Wholesale Grocers
GEN Restaurant Group, operator of the largest full-service Korean BBQ chain in the United States, signed a distribution agreement with C&S Wholesale Grocers on June 04, 2026. The deal expands access to GEN's ready-to-cook marinated meats and other CPG products.
indiatoday.intoday.inWalmart Adds Resettable Limits to Widely Adopted Internal AI Tool Code Puppy as Usage Surges Among Engineers and Hourly Workers Alike
Walmart introduced usage limits on its AI-powered programming tool after employees repeatedly requested similar tasks. The caps aim to reduce duplicative work and control costs while expanding access across the workforce.
thesouthafrican.comSome Glazer Family Members Discuss Possible Sale of Manchester United Stake After 20+ Years of Ownership
Some members of the Glazer family are considering selling part or all of their holdings in Manchester United FC after more than 20 years of ownership marked by fan protests.
The Japan TimesTSMC Raises 2026 Sales Outlook Above 30% as AI Demand Outpaces Capacity Expansion
C.C. Wei told shareholders the company cannot meet all orders even with new U.S. plants. TSMC still forecasts more than 30 percent sales growth for 2026.
RapplerFoxconn and Intel Announce Collaboration on AI Servers, Custom Chips and Data-Center Infrastructure
Foxconn and Intel announced a partnership on June 4, 2026, to develop AI data center equipment and intelligent computing platforms. The companies will combine Intel’s chip technology with Foxconn’s manufacturing expertise.
pandaily.comNvidia CEO to Appear on TV Talk Show and Throw Baseball Pitch in South Korea
Nvidia CEO Jensen Huang will visit South Korea this week for meetings with memory chip and robotics executives. He will also throw the first pitch at a baseball game and appear on a television talk show.
upi.comNvidia CEO Jensen Huang Visits South Korea for Chip and Robotics Meetings
Nvidia CEO Jensen Huang arrives in South Korea this week for his second visit in seven months. The schedule includes meetings with memory chip and robotics executives plus public appearances at a baseball game and on a television talk show.
Japan TimesNvidia CEO Jensen Huang to visit South Korea for four days starting Friday
Jensen Huang, chief executive of Nvidia Corp., will arrive in Seoul on Friday for meetings with South Korean business leaders and researchers. The four-day trip follows his appearance at a technology trade show in Taipei.
winnipegfreepress.comYamada Holdings and Edion consider business integration
Two major Japanese home appliance retailers are evaluating a merger to improve procurement strength and private-brand sales. Combined sales reached about ¥2.5 trillion in fiscal 2025.
France 24Albania Approves €4bn Kushner-Backed Tourism Investment on Sazan and Zvernec
Demonstrators in Albania's capital oppose a luxury tourism project on protected wetlands near Vlora. The plan involves Affinity Partners and has drawn environmental concerns.
pymnts.comAnthropic Picks Morgan Stanley and Goldman Sachs to Lead Planned IPO
Anthropic has chosen Morgan Stanley and Goldman Sachs to lead its initial public offering. The company reached a $965 billion valuation in its latest funding round, surpassing OpenAI for the first time.
The Sydney Morning HeraldPatagonia Sues Drag Performer Pattie Gonia for Trademark Infringement After Apparel Sales and Filing
Patagonia filed a trademark infringement lawsuit against Pattie Gonia in January. The case centers on the use of the name for apparel sales and events.
New York PostSpaceX Sets $135 IPO Price Ahead of Roadshow
SpaceX publicly set a $135 share price for its initial public offering, targeting a $75 billion raise that would value the company at $1.75 trillion. The company will begin its investor roadshow on Thursday with pricing expected June 11 and trading on Nasdaq the following day.
New York PostSpaceX Sets $135 Share Price for IPO
SpaceX confirmed a $135 per-share price for its initial public offering and will seek to raise $75 billion, valuing the company at $1.75 trillion. Pricing is set for June 11 with Nasdaq trading to begin the next day.
cordcuttersnews.comAmazon Edges Walmart for No. 1 on 2026 Fortune 500 With $717B vs $713B Revenue
Amazon displaced Walmart to claim the top spot on the annual ranking of U.S. companies by revenue. The list was released June 3, 2026.
Companies Build AI Usage Dashboards, Tie Adoption to Advancement, and Offer Innovation Prizes
JPMorgan, Meta, and KPMG have built internal dashboards to monitor how employees use AI. Amazon shut down an employee leaderboard in late May after concerns over unnecessary usage.
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news.google.comU.S. Firm TrinityRail Acquires 32% Stake in India Railcar Leasing JV TTRL
Touax Group, Texmaco Rail & Engineering Limited and TrinityRail Global, Inc. announced on June 3, 2026 that Trinity will take a 32 percent stake in their railcar leasing joint venture TTRL.
news.google.comAmazon Replaces Walmart at Top of 2026 Fortune 500 After 13-Year Reign
Amazon overtook Walmart for the No. 1 spot on the annual ranking after posting $700 billion in revenue, ending Walmart’s 13-year run at the top. The list shows total Fortune 500 revenue reached $21 trillion.
news.google.comAmazon Replaces Walmart at No. 1 on 2026 Fortune 500, Ending 13-Year Streak
@FortuneMagazine reported that Amazon reached No. 1 on the 2026 Fortune 500 for the first time in more than a decade. Walmart had held the top position for the previous 13 years.
news.sky.comUniversal UK Theme Park to Replace Planned Housing at Bedford Brickworks Site
Comcast NBCUniversal will build its first major European theme park at a former brickworks in Kempston Hardwick, with £6 billion in planned investment and projected annual attendance above eight million.
New York PostSamsung to Move U.S. Headquarters from New Jersey to Texas Campus by End of 2026
Samsung Electronics America will move its U.S. headquarters from Englewood Cliffs, New Jersey, to its existing campus in Plano, Texas, by the end of 2026. The relocation ends more than three decades of headquarters presence in Bergen County.