Business news

Business news • Jun 04

Senior U.S. Officials Eye Government Shares in AI Giants

Senior U.S. officials have held preliminary discussions with major artificial intelligence companies about the potential for the federal government to...

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Business news • Jun 04

Ahead of its IPO, Anthropic’s Daniela Amodei shrugs off doubts about AI’s returns

Anthropic has been growing at a breakneck pace. The company announced that annualized revenue crossed $47 billion in May, up dramatically from roughly $9...

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Business news • Jun 04

Pilot Was Warned Jet Was Too Low Before It Clipped a Light Pole

The pilot heard a “thump” while landing in Newark, according to a newly released report. The light pole crashed onto a truck.

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Business news • Jun 04

Google is quietly laying off staff in its cloud division

Google has laid off employees across parts of its Cloud business, including at an elite cybersecurity intelligence unit.

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Business news • Jun 04

S&P Won’t Fast-Track SpaceX or Other Big IPOs

Many investors expected that S&P Dow Jones Indices would make the eligibility changes to ease the entry of SpaceX and other big coming IPOs into the S&P 500...

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Business news • Jun 04

SpaceX blocked from early US benchmark index entry as S&P reaffirms existing rules

S&P Global said it ​was not changing the requirements for entry, effectively ruling out a swift entry for the IPO into the benchmark S&P 500 index.

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Business news • Jun 04

SpaceX, Other Mega IPOs Denied Fast Index Entry by S&P

S&P Dow Jones Indices will keep its existing eligibility requirements for main benchmarks like the S&P 500 Index, rejecting proposals that would have made...

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Business news • Jun 04

Lululemon Cuts Outlook as Headwinds Mount

Lululemon Athletica LULU -0.88%decrease; red down pointing triangle cut its outlook for the year, citing fresh challenges, including a spike in negative...

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Business news • Jun 04

First officer of United flight that hit light pole on New Jersey Turnpike told captain he was "slow and a little low," NTSB says

The National Transportation Safety Board released its preliminary report on a United Airlines plane that struck a light pole on the New Jersey Turnpike in...

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Business news • Jun 04

Exclusive: SpaceX tells banks it won't move its $135-a-share IPO price

The company's decision ​is the latest sign that Elon Musk ​is intent on holding the largest ever initial ⁠offering according to his preferences,...

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Business news • Jun 04

Lululemon Issues Weaker Outlook. What It Means for the Stock.

Athletica reported better-than-expected first-quarter results but a weaker outlook for the second quarter and the full year, sending its shares lower in...

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Business news • Jun 04

Postal Service Frees Up Enough Cash to Keep Operating for ‘Several Years’

The U.S. Postal Service, confronting a bleak financial shortfall that had threatened to starve it of the cash to keep operating within months, has shored up...

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Business news • Jun 04

AT&T and Verizon lose Supreme Court case over fines for selling location data

AT&T and Verizon lost an attempt to overturn fines for selling users' real-time location data without consent, as the Supreme Court ruled today that the...

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Business news • Jun 04

Lululemon’s fight with its founder has been bad enough to hurt sales for the entire year

Lululemon's very-public board dispute with its founder and see-through issues with some workout wear have brought enough drama to damage its sales and...

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Business news • Jun 04

Berkshire Hathaway CEO Greg Abel Is Doubling Down on His Biggest Investment So Far With Another $10 Billion Buy

Abel is making a mark on the company's portfolio and a dent in its cash pile.

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Business news • Jun 04

Drug companies, patient groups urge FDA to pause commissioner’s voucher program

WASHINGTON — Leaders at the Food and Drug Administration on Thursday listened to criticisms and recommendations for how to move forward with a speedy drug...

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Business news • Jun 04

Bitcoin Falls to Pre-Iran Conflict Low as Crypto Slide Extends

Bitcoin posted its longest losing streak since August, weighed down by liquidations of bullish bets and this week's rare sale of tokens by the dominant...

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Business news • Jun 04

Lululemon stock tanks after company trims full-year financial outlook, citing 'headwinds'

Lululemon's (LULU) incoming CEO Heidi O'Neill has her work cut out for her after the company slashed its full-year revenue outlook and reported...

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Business news • Jun 04

Where to Get Free Doughnuts on June 5, National Doughnut Day

Adriana has been a contributing writer to Food Network since 2025, focusing on food culture, trends, news and home kitchen products.

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Business news • Jun 04

United Airlines flight was 19 feet above highway when it struck a pole, NTSB says

The United Airlines flight that struck a light pole while landing at Newark Liberty International Airport was just 19 feet above the center of the New...

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