Business news

Business news • Jun 01

Blue Origin launchpad damaged in rocket explosion may not be restored until 2028, NASA's Isaacman says

NASA has tapped Jeff Bezos' Blue Origin for several contracts in the agency's Artemis return-to-the-moon program.

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Business news • Jun 01

Stock futures slip after all three major indexes close at new records: Live updates

U.S. stock futures ticked lower on Monday night after all three major indexes rose to fresh records during the regular session. S&P 500 futures

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Business news • Jun 01

Alphabet plans to raise $80B to pay for AI buildout

"The company is experiencing strong demand for its AI solutions and services from enterprises and consumers, at levels that are exceeding the company's...

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Business news • Jun 01

Florida sues OpenAI and CEO Sam Altman over ChatGPT

Florida Attorney General James Uthmeier on Monday sued OpenAI and its CEO Sam Altman, alleging that the company marketed ChatGPT to the public without...

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Business news • Jun 01

Berkshire Hathaway buys homebuilder Taylor Morrison in first deal under new CEO

Berkshire Hathaway's new CEO Greg Abel hinted that he may depart from Warren Buffett's longtime hands-off operating model at the conglomerate as he...

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Business news • Jun 01

Florida sues OpenAI and CEO Sam Altman, claiming company concealed serious risks of ChatGPT

The state of Florida has filed a lawsuit against OpenAI and CEO Sam Altman, claiming the company knowingly released and aggressively marketed ChatGPT to the...

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Business news • Jun 01

McDonald’s unveils new growth strategy to win back customers

McDonald's announces its new NEXT strategy aimed at increasing automation, improving food quality, and making restaurants easier to run for franchisees.

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Business news • Jun 01

Credo Technology Beats Quarterly Targets But Gross Margins Dip

Credo Technology beat sales and earnings targets for its fiscal fourth quarter and with its outlook. But Credo stock fell.

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Business news • Jun 01

HPE Sees Strong Growth Over Next 18 Months on Server Demand

Hewlett Packard Enterprise Co. shares soared in extended trading after the company gave an outlook for annual sales that topped estimates, citing massive...

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Business news • Jun 01

Nvidia’s AI Chips Sought by Chinese Labs With Ties to Military

At least seven Chinese universities that support the country's armed forces and defense industry are seeking access to Nvidia Corp.'s H200 chips, the most...

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Business news • Jun 01

Investors are piling into bullish options bets — another sign that the stock market is getting overheated

Investors' aggressive buying of bullish call options has become yet another indication of just how frothy the U.S. equity market is becoming.

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Business news • Jun 01

HPE’s stock soars toward record gain as earnings show a networking bonanza

The artificial-intelligence buildout is driving intense demand for networking and servers, and Hewlett Packard Enterprise is reaping the rewards.

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Business news • Jun 01

Nvidia, IBM, Arm, Taylor Morrison, and More Stocks That Explain the Market Today

Nvidia unveils a new PC chip, driving up shares in several computer makers and sparking a selloff for rivals Intel, AMD, and Qualcomm.

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Business news • Jun 01

Morgan Stanley resets Microsoft stock price target

Wall Street's favorite megacap may be sitting on a revenue engine that analysts haven't fully counted yet.

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Business news • Jun 01

Florida sues OpenAI, Sam Altman, in first-of-its-kind lawsuit over violent incidents

The lawsuit partially revolves around a shooting at Florida State University last year, and ChatGPT's alleged role in the incident.

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Business news • Jun 01

Frozen Food Sold At Costco, Walmart and More Recalled for Potential Salmonella Contamination

Motor City Pizza Co. 5 Cheese Bread sold nationwide at Costco and other stores recalled for potential salmonella. Check UPC codes and best by dates before...

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Business news • Jun 01

McDonald’s Wants to Be Fancier With Its Chicken and Restaurants

(Bloomberg) -- McDonald's Corp. is betting on everything from fancier chicken to new playgrounds as part of a campaign to make fast food feel less like fast...

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Business news • Jun 01

Gov. Kemp not extending Georgia's gas tax suspension set to expire Tuesday

Gov. Brian Kemp will not extend the suspension of Georgia's gas tax, set to expire on Tuesday night, his office has confirmed with CBS News Atlanta.

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Business news • Jun 01

Sam Altman is quietly backing a stealth startup that's building software for robots and cars

OpenAI CEO Sam Altman is backing a stealthy physical AI startup run by former Tesla and Meta employees, in the latest sign that investors are rushing into...

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Business news • Jun 01

Media company offers $18 billion takeover of MGM Resorts

Another major casino-resort operator in Nevada could soon be changing hands.

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