Google parent Alphabet saw its business continue to grow in recent months, yet growing spending on artificial intelligence (AI) infrastructure put its leftover cash into negative territory. The company’s free cash flow, the cash it maintained after paying for operations and investments, came in at negative $5.9bn (£4.3bn) for the first time in at least…
Cracking down on the shadow economy has become a key goal for the Kremlin. Before the VAT rise took effect, Putin warned the new rules must not push firms into the shadows and called for a “radical reduction in illegal employment”. “One arm of the government is trying to squeeze as much money as possible…
Twice now, the Guardian’s questions about Reform UK’s finances appear to have been pre-empted by stories friendly to the party. This paper revealed in April that Nigel Farage received £5m from the crypto billionaire Christopher Harborne – but an interview with Reform UK’s leader, claiming he needed the cash “for security”, was published hours earlier…
Meta has spent billions of dollars developing AI and building out data centers to support it. But now, the company may be preparing to put those data centers to a more immediately profitable purpose. On Wednesday, Bloomberg reported that Meta is developing plans for a cloud infrastructure business, selling access to both AI compute power…
While many big name philanthropists are backing away from climate giving, at least one megadonor is stepping up and writing major checks. Michael Bloomberg, the former New York City mayor and founder of Bloomberg L.P., has announced $590 million in new environmental commitments in recent days. The funds will flow from Bloomberg Philanthropies, his charitable…
Oracle CEO Clay Magouyrk appears on a media tour of the Stargate AI data center in Abilene, Texas, on Sept. 23, 2025. Kyle Grillot | Bloomberg | Getty Images Oracle shares tumbled 8% after the software maker told investors to expect an additional $20 billion capital raise, while reporting negative free cash flow for the…
The great bowerbirds of northern Australia are well-known for their elaborate tunnels, known as bowers. Pieced together for months by the males, these bowers act as decadent thrones for females to sit in while they watch the males’ dramatic mating display of shakes, swerves and delicate offerings. Male great bowerbirds spend most of the year…
On 13 May 1966, a US Senate subcommittee questioned a former Harvard clinical psychologist, considered by many to be “the most dangerous man in America”, on the risks of psychedelics. Leading the inquisition of Dr Timothy Leary was Senator Ted Kennedy, of America’s unofficial first family. Amid a series of questions that reflected the moral…
You probably won’t receive a huge tariff refund. The largest businesses stand to reap the biggest bucks as the Trump administration begins to return more than $166 billion in duties deemed illegal by the Supreme Court. Even though President Trump’s trade policies have led to higher prices for companies and consumers, many families aren’t in…
Spirit Airlines’ accessible cash to keep operating won’t last long and a government rescue package is on the table, a lawyer for the struggling budget carrier said at a hearing Thursday. President Donald Trump later Thursday at the White House told reporters: “We’re thinking about doing it, helping them out, meaning bailing them out, or…
