Business news

Business news • Jun 08

Wall Street holds steadier as AI stocks recover some of their sell-off

Wall Street held steadier and recovered some of its sell-off from last week. Oil prices, meanwhile, rose Monday following fighting between Israel and Iran,...

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Business news • Jun 08

OpenAI Files Confidentially for IPO as Rivals Race to Market

OpenAI, the maker of ChatGPT, filed confidentially for an IPO, joining artificial intelligence rivals in tapping public markets to fund ambitious growth...

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Business news • Jun 08

Meta Launches ‘Workforce Academy’ to Train Workers to Build Data Centers

Five-week program, which is free of charge and guarantees a job, follows recent layoff of 8000 employees.

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Business news • Jun 08

How Banks Are Using SpaceX to Woo the Superrich

Wall Street is giving its richest clients velvet rope access to this week's public listing of SpaceX, reflecting the growing importance of the wealth...

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Business news • Jun 08

Sam Altman's eye-scanning startup is laying off employees

Tools for Humanity, the eyeball-scanning startup co-founded by Sam Altman, is laying off employees, according to an internal email viewed by Business...

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Business news • Jun 08

SpaceX IPO Forces Investors to Bet on Musk’s Entangled AI Empire

The boundaries between Elon Musk's companies are growing increasingly blurred through shared capital, talent and infrastructure. Investors must decide what...

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Business news • Jun 08

Inflation could top 4% this week. The bond market wants Fed Chair Warsh to prove he’ll fight it.

Investors are growing impatient with inflation that looks unlikely to be tamed on its own.

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Business news • Jun 08

US carriers spent $6.5B on fuel in April; global profit forecast is cut nearly in half

New government data released Monday shows U.S. airlines spent nearly $6.5 billion on jet fuel in April.

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Business news • Jun 08

Stock market today: S&P 500, Nasdaq rise on chip stock rebound, Dow slips

US stock futures were mixed as concerns about a Middle East ceasefire continued to weigh, and investors braced for fresh inflation data and a blockbuster...

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Business news • Jun 08

Pentagon restores Alibaba, Baidu and BYD to Chinese military groups blacklist

The Pentagon has reinstated Alibaba, Baidu and BYD to a blacklist of Chinese companies deemed to pose a national security risk to the US because of alleged...

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Business news • Jun 08

Ford’s $30,000 EV pickup is getting closer — You may even see one out in the wild

The midsize electric pickup can't come soon enough. According to Ford, you might see a disguised one on the streets very soon.

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Business news • Jun 08

Some Experts Say It's Time to 'Take Profits'—But Investors Are Buying the Dip Today

Tech stocks rebounded on Monday as investors bought the dip following a sell-off Friday on a strong jobs report that abruptly reset Wall Street's interest...

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Business news • Jun 08

Nvidia CEO Jensen Huang declines Warren’s request to testify at AI hearing

Sen. Elizabeth Warren had invited Huang to discuss Nvidia's business in China at a Senate committee meeting about America's AI industry.

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Business news • Jun 08

Here's what Utahns need to know about significant student loan changes set to take effect in July

Significant changes to federal student loan laws enacted through the passage of the One Big Beautiful Bill Act are set to take effect on July 1,...

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Business news • Jun 08

Oil prices settle $1 higher after Iran and Israel say they have halted attacks

By Arathy Somasekhar HOUSTON, June 8 (Reuters) - Oil prices settled $1 higher after rising more than 5% earlier in the session on Monday as Iran and Israel...

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Business news • Jun 08

Why Micron Stock Is Rising After Rival SK Hynix’s Fresh Deal with Nvidia

Micron Technology stock was rising on Monday after a steep selloff the previous week.

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Business news • Jun 08

Sam Bankman-Fried asks Trump for a pardon

Sam Bankman-Fried, the former crypto billionaire who orchestrated one of the largest financial frauds in history, officially asked President Donald Trump...

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Business news • Jun 08

American Airlines opens portion of $3 billion DFW Airport Terminal C expansion

American Airlines showed off its Terminal C pier expansion project at DFW International Airport.

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Business news • Jun 08

Why Marvell Stock Is Surging in Rebound From Brutal AI Selloff

Marvell stock is already up 210% for the year, powered higher by the AI boom.

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Business news • Jun 08

Meta Deletes Face-Recognition System From Its Smart Glasses App After WIRED Report

One day after WIRED revealed that Meta had quietly embedded an unreleased face-recognition system into an app installed on more than 50 million phones,...

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