7h ago
Anthropic weighs launching a new AI model ahead of an anticipated IPO after OpenAI’s GPT6 Astra debut
Anthropic is considering releasing a new AI model as it tries to close the gap with OpenAI’s GPT-6 Astra, Reuters reported, citing people familiar with the matter. Since Astra launched this month, business adoption has risen, with Ramp data showing it accounts for about 13% of enterprise AI spending versus roughly 8% for Anthropic’s Claude Fable. Anthropic’s annualized revenue run rate exceeded $65 billion by the end of July and it forecasts roughly $190 billion to $200 billion in revenue in 2028.
7h ago
7h ago
Economists warn Trump’s Iran war has breached key economic red lines as oil tops $100 a barrel
Nearly seven months into the U.S. war against Iran, several economic pressure points have been breached, including oil above $100 a barrel, gasoline nearing $5 a gallon and diesel topping $6 per gallon. The Pentagon has told Congress the war’s cost has climbed to $42 billion, above the Congressional Budget Office’s $38 billion estimate. Economists say the outlook is increasingly uncertain and that an exit strategy is not becoming clearer.
7h ago
9h ago
Policy momentum reverses crypto slump as Bitcoin rebounds from $75K to $81K
Crypto markets swung sharply over the week, after the CLARITY Act failed and Bitcoin slid to $75K as bearish sentiment built. The Federal Reserve then raised rates for the first time in three years, adding to short positioning and expectations of further downside. Momentum later flipped as a Strategic Bitcoin Reserve bill advanced, a crypto tax bill passed, the SEC said it will create crypto rules and approved onchain stock trading, and the CFTC sent crypto market rules to the White House for review. Bitcoin rebounded to $81K, ETH closed above $2,600 for the first time since January 2026, and total altcoin market cap reached an eight-month high.
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9h ago
10h ago
Anthropic targets more than $100 billion in annualised revenue in 2026 as it readies IPO as soon as November
Anthropic expects annualised revenue to surpass $100 billion in 2026 and is preparing for a stock-market debut as soon as November, the New York Times reported, citing people familiar with the matter. Its revenue run rate reached $65 billion by the end of July, up from $9 billion at the end of 2025. The increase reflects growing adoption of Anthropic’s Claude AI software by business customers to streamline coding and other workplace tasks.
10h ago
10h ago
Anthropic annualised revenue run rate tops $100 billion as it moves toward a possible November IPO
Anthropic’s annualised revenue run rate has surpassed $100 billion, about 50% higher than its pace two months ago, driven by demand for its Claude AI products such as Claude Code and Cowork. The company has signaled it is moving toward an IPO after confidentially filing on June 1, with trading potentially beginning as soon as November. The run-rate figure is a projection based on recent sales and does not mean Anthropic has already booked $100 billion in revenue.
10h ago
14h ago
U.S. diesel prices hit a record $6.45 a gallon, raising pressure on consumer costs
The U.S. average diesel price reached a record $6.45 per gallon this week, up 74% from a year earlier. Oil flows through the Strait of Hormuz averaged 7.6 million barrels a day in August, 13.1 million barrels below the August 2025 average. With about three-fourths of the nation’s commercial trucks running on diesel, higher fuel costs are expected to filter into retail food prices. Global daily oil supply has fallen by about 7 million barrels since early 2026.
14h ago
17h ago
Oscar Health says Thrive Capital completed common stock distribution to limited partners on 2026-09-18
Oscar Health said its majority shareholder, Thrive Capital, completed a distribution of Oscar Health common stock to its limited partners on 2026-09-18. After the distribution, entities affiliated with Thrive Capital and Joshua Kushner collectively hold about 4.7 million Class A shares and about 32.9 million Class B shares. Those holdings represent roughly 67% of the combined voting power of the company’s outstanding common stock.
17h ago
18h ago
S&P 500 Q2 2026 EPS surges 51% as Goldman says profits are running above trend
S&P 500 companies posted a 51% year-over-year jump in earnings per share in Q2 2026, lifting growth over the past four quarters to 26%. Major technology firms including Amazon and Meta are expected to spend about $800 billion on capital expenditures this year, up 94% from 2025. Memory-chip makers are seeing gross margins near 80%, and Goldman Sachs estimates S&P 500 earnings could fall by about 10% if overall chip gross margins drop from roughly 70% to the 15-year average of 55%. Large technology companies also generated more than $150 billion in private-investment gains during the quarter, contributing roughly 12% of S&P 500 EPS.
18h ago