Business

A group of senior creditors to JetBlue Airways has reportedly hired financial and legal advisors as the airline faces mounting financial pressure, falling bond prices and rising fuel costs that have complicated turnaround efforts.The creditors are working with investment bank PJT Partners and law firm Akin, according to The Wall Street Journal, which cited people familiar with the matter.JetBlue's roughly $2 billion in senior secured notes due in 2031 fell […]

Anthropic on Monday released the prospectus for its highly anticipated initial public offering (IPO) as the tech giant looks to raise capital to help further its AI ambitions.The company's prospectus shows Anthropic has seen rapid growth over the last year, as well as mounting costs amid deep investment in the infrastructure needed to power artificial intelligence (AI) models.The AI lab's stock will trade on the Nasdaq under the ticker symbol […]

Elon Musk said SpaceX has closed $40 billion in debt financing to purchase graphics processing units for its artificial intelligence operations, highlighting the enormous sums being spent in the race to build AI computing capacity.Musk announced the financing on Sunday, saying SpaceX was able to secure the money because of its investment-grade status and revenue generated outside AI through its Starlink satellite internet and rocket launch businesses."SpaceX closed $40B of […]

Anthropic's Claude AI model accessed publicly available voter data through Georgia's data hub, state officials and the company confirmed to FOX Business on Sunday.The Georgia Secretary of State's office stressed that the bot did not access a voter file or the state's voter registration system."This was publicly available data accessed through our data hub. It did not get into the voter registration system," Georgia Deputy Secretary of State Jordan Fuchs […]

An apparent explosion sparked a fire at a massive Quaker Oats plant in Iowa on Saturday, sending thick black smoke billowing over downtown Cedar Rapids as firefighters rushed to the facility billed as the world's largest oat mill.No injuries were reported, and all workers were safely accounted for, according to local officials.The Quaker Oats plant is the world's largest milling facility, processing more than 2 million pounds of oats each […]

Atomic Wings CEO Zak Omar says there is one habit that has helped him become a better leader: looking back at what went right, confronting what went wrong and identifying ways to improve."At the end of every week, I look at what we've done well and what we failed at, or, what mistakes we made," Omar said. "Learning from your failures leads to greater success in the future."But Omar doesn't […]

President Donald Trump announced a massive $4.2 billion investment by German automaker Audi during a campaign rally in Georgia on Saturday, touting plans for a new manufacturing plant that he said would produce 200,000 vehicles annually.Speaking during a campaign event in Perry, Trump said construction on the new plant could begin as early as next month."Today I'm thrilled to announce a massive auto manufacturing investment in the great state of […]

The first tanker with 40,000 tons of diesel left for New York from Russia earlier this week following President Donald Trump’s deal with Russian President Vladimir Putin to release millions of tons of diesel into the global supply, Fox News has reported.This comes as diesel has shot to more than $6 per gallon in the U.S."The first oil tanker has sailed off to customers, and regular supplies will continue," Kremlin […]

Ukraine's Ministry of Defense announced Saturday that it had regained broader access to Starlink, a critical service for military drones, battlefield communications and other fast-moving equipment.The restoration comes after more than a week of speed restrictions on SpaceX's Starlink and Starshield services that disrupted Ukraine's war effort against Russia.It remains unclear what led to the slowdown in service, with Ukraine having accused both President Donald Trump and SpaceX CEO Elon […]