Business news

Business news • May 29

Blue Origin rocket explodes on the launch pad during an engine-firing test

A rocket belonging to Jeff Bezos' Blue Origin exploded during a test at the launch pad Thursday night, ahead of a satellite launch planned for next week.

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Business news • May 29

Sound Transit Board OKs Major ST3 Update, Casting Ballard into Limbo

At a marathon five-hour board meeting Thursday, the Sound Transit board approved a sweeping update to its rail expansion plans, choosing which transit...

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Business news • May 29

Oil falls over 1% on reports of potential U.S.-Iran ceasefire deal

Oil futures fell more than 1% on Friday, following reports that the U.S. and Iran had agreed to extend a ceasefire, though it had yet to be finalized.

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Business news • May 29

Sound Transit board approves 25-year light rail plan in 16-2 vote

The countdown is on for Sound Transit to decide which light rail projects will move forward over the next 25 years — and which ones may not.

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Business news • May 29

Average US long-term mortgage rate climbs to 6.53%, highest level in nine months

The average long-term U.S. mortgage rate rose again this week, reaching its highest level in nine months, another setback for prospective homebuyers.

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Business news • May 29

Blue Origin Rocket Blows Up on Florida Launchpad During Test

The rocket, built by the Jeff Bezos-owned space company, was to carry 48 satellites into space. Blue Origin reported on social media that “all personnel...

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Business news • May 29

Blue Origin rocket explosion: What we know about blast in Cape Canaveral

An explosion reportedly tied to Blue Origin's New Glenn launch vehicle rocked Florida's Space Coast on Thursday.

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Business news • May 29

Transcript: SpaceX IPO ignites an investor frenzy

Sonja Hutson talks to Emily Herbert and George Steer.

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Business news • May 29

Blue Origin rocket explodes during static fire test. What is a static fire?

Blue Origin's New Glenn rocket was preparing for an upcoming launch from Cape Canaveral when a prelaunch test went horribly wrong on May 28,...

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Business news • May 29

With Caesars Deal, Tilman Fertitta Doubles Down on Vegas Comeback

Houston Rockets owner inks $5.7 billion deal to buy Caesars Entertainment, while casinos on the Strip struggle with a downturn.

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Business news • May 29

Anthropic soars to $965bn valuation, leapfrogging OpenAI

Anthropic has usurped OpenAI as the world's most valuable artificial intelligence company, soaring to a $965bn valuation ahead of expected public listings...

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Business news • May 29

Sound Transit board shelves Ballard extension, saves South Seattle stations

A long-awaited light rail line to Seattle's Ballard neighborhood was set aside by the Sound Transit board on Thursday as the agency tried to balance a $34.5...

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Business news • May 29

Dow Jones Futures: Stock Market Hits Highs On U.S.-Iran Deal; Dell Surges On Earnings

Dow Jones futures: The stock market rose to highs Thursday on the reported U.S.-Iran deal. Dell, NetApp soared overnight on earnings.

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Business news • May 29

Blue Origin rocket explodes into huge ball of flame on Florida launch pad

Amazon billionaire Jeff Bezos, who founded Blue Origin, said it was a "very rough day".

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Business news • May 29

Blue Origin rocket explodes during test in latest setback for Jeff Bezos-owned company

No personnel were harmed in the incident, the company said on social media, calling the explosion an 'anomaly'

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Business news • May 29

Oil eyes weekly drop on Hormuz deal hopes; AI sends stocks to record highs

SINGAPORE, May 29 (Reuters) - World stocks stood at record highs on Friday and oil futures eyed the steepest weekly drop for nearly two months as traders...

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Business news • May 29

Stock Market Today: Dow Slips, Oil Pares Gains as Investors Cling to Hope of Mideast Deal — Live Updates

Live updates on markets and the top finance, economics and business stories. Plus the latest on oil prices, the Dow, S&P 500 and Nasdaq.

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Business news • May 29

Michael Dell courted Trump early. His company has reaped rewards

The dynamic is emblematic of how business is seeking to sow favor with the president in his second term, and has departed from the norms of big business...

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Business news • May 29

SpaceX Lowers IPO Valuation Target to at Least $1.8 Trillion

SpaceX is currently targeting a valuation of at least $1.8 trillion in its initial public offering, according to people familiar with the matter,...

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Business news • May 29

Oil falls over 1% on reports of potential US-Iran ceasefire deal

Oil futures fell more than 1% on Friday and were on track for their steepest weekly decline since early April, following ​reports that the U.S. and Iran had...

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