Anthropic PBC’s landmark initial public offering is laying bare the stark extremes of the AI boom business model: astonishing growth but deep uncertainty about unpredictable demand and the massive spending required to continue building the resource-intensive technology.

Artificial intelligence startup Anthropic unveils its first public IPO filing ahead of what is expected to be one of the largest stock debuts in history.

AI-linked stocks rose on Monday after Anthropic revealed the paperwork for its initial public offering, against the backdrop of growing investor unease ​over debt-fueled spending on infrastructure for the new technology.

NEW YORK >> U.S. stocks closed higher today, with the S&P 500 and Nasdaq coming off consecutive weekly declines, as Anthropic’s IPO filing helped boost sentiment in AI-related stocks in a week filled with a host of market catalysts.

The FTC and 20 US states are suing Dollar General, saying the company repeatedly mislabeled products and overcharged customers.

The FTC and 20 states allege Dollar General overcharged shoppers by charging more at checkout than advertised prices.

The US Federal Trade Commission and 20 states sued Dollar General Corp. on Monday, alleging the discount retailer routinely charged customers more than the prices displayed on shelves or in advertisements.

Nebraska and Iowa have joined 18 other states in suing Dollar General, alleging the retailer charged customers more at checkout than advertised.

FedEx has hired Jamere Jackson as the package-delivery giant’s new chief financial officer, plucking the executive from auto-parts retailer AutoZone.

FedEx Corp. FDX announced Monday that Jamere Jackson will become executive vice president and chief financial officer, effective Nov. 30. He succeeds Claude Russ, who has served as interim CFO since June 1. Finance and Operations Experience Jackson joins FedEx from AutoZone, Inc. AZO, where he has served as CFO since January 2021 and most recently led finance and store development. His experience spans financial management, capital allocation...

FedEx and AutoZone are two of Memphis' three Fortune 500 companies. Jackson joins FedEx as its third CFO since 2020.

FedEx (FDX.N), opens new tab on Monday appointed Jamere ​Jackson as chief financial ​officer, effective November 30. Jackson will ⁠step down as ​CFO of AutoZone (AZO.N), opens new tab on November 25.

Saudi Arabia plans to store crude oil in Singapore’s Jurong Rock Caverns starting in the second half of 2027, bringing supplies closer to Asian markets after the Iran war disrupted shipments through the Strait of Hormuz.

The joint venture will commence in Jurong Island in the second half of 2027. Singapore’s Ministry of Energy, Trade and Industry and the Kingdom of Saudi Arabia’s (KSA) Ministry of Energy, announced their joint intent to establish a crude oil storage facility in Jurong Island on 26 October. The crude oil is expected to be stored at the Jurong Rock Caverns in the second half of 2027. The Energy Market Authority and JTC Corporation exchanged a...

SINGAPORE — Saudi Arabia and Singapore's energy ministries announced on Monday their joint intention to establish a crude oil storage arrangement in Singapore, aimed at strengthening energy security and supply chain resilience. To mark the announcement, Singapore’s Energy Market Authority (EMA) and JTC Corporation exchanged a Memorandum of Understanding (MoU) with Saudi Aramco during Singapore International Energy Week (SIEW). Under the proposed...

Saudi Arabia and Singapore plan to store Saudi crude at Jurong Rock Caverns from the second half of 2027. The arrangement aims to strengthen Southeast Asian supply resilience and Singapore's energy security.

US-Canada trade talks are “gathering steam” and close to a deal nearly two months into the latest tariff spat between America and its northern neighbor, White House economic adviser

Negotiations for a new Canada trade deal are gathering steam as President Donald Trump considers adjustments to import taxes. White House National Economic Council Director Kevin Hassett expresses optimism about reaching a final agreement soon, while trade expert Samir Kapadia discusses the strategic timing of tariff exemptions designed to assist Senator Susan Collins in Maine.

President Donald Trump says America's tariff dispute with Canada could be resolved soon, without offering details.

White House National Economic Council Director Kevin Hassett and trade analyst Samir Kapadia discuss Canadian tariff exemptions and Audi's expansion plans in Georgia.