Business news

Business news • May 28

Ferrari CEO defends new Luce EV, saying customer interest is strong

Ferrari is receiving "strong interest" for its new electric model, the Luce, from new and existing customers, CEO ​Benedetto Vigna said on Thursday as he...

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Business news • May 28

Elon Musk sends startling message on SpaceX, Tesla merger

SpaceX's looming Nasdaq debut has reignited bold merger talk on Wall Street.

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Business news • May 28

Bitcoin hits 6-week low as analyst says Strategy’s cash runway has collapsed to 6 months to cover its dividends

Now that bitcoin has tumbled below the key level of $74000, some experts say that, short of a major fresh catalyst soon, bitcoin could revisit...

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Business news • May 28

Bad cholesterol slashed 62% by single dose of gene-editing drug in small trial

An experimental gene-editing therapy that aims to lower bad cholesterol for the long-term after a single infusion is off to a positive start in an early...

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Business news • May 28

CNN Sues AI Firm Perplexity, Alleging It Engaged in ‘Massive Copyright Infringement’

CNN has sued Perplexity, alleging the AI company infringed the news network's copyrights and trademarks by illegally copying and distributing content...

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Business news • May 28

Caesars Entertainment to be bought by Fertitta Entertainment in $17.6 billion deal

Casino giant Caesars Entertainment is set to be acquired by Fertitta Entertainment in a $17.6 billion all-cash deal.

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Business news • May 28

Iran War Keeps Fed’s Inflation Gauge Above Inflation Target

The personal-consumption expenditures price index climbed by 0.4% in April from the previous month, after rising by 0.7% in March.

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Business news • May 28

What's next for SpaceX's Starship V3 megarocket after its historic debut flight?

SpaceX's "V3" Starship megarocket did pretty well on its debut flight last week. What's next for the powerful next-gen vehicle?

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Business news • May 28

Charles Leclerc's hilarious reaction to Lewis Hamilton driving Ferrari's new EV goes viral

Lewis Hamilton and Charles Leclerc got behind the wheel of the new fully electric Ferrari Luce ahead of its unveiling. Prior to the ceremonial removal of...

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Business news • May 28

D4VD: Google Employee Charged with Fraud over $1 Million Bet on Alleged Murderer

A Google employee was arrested and charged with fraud after he allegedly used inside information from the company to place bets involving accused murderer...

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Business news • May 28

ExxonMobil shareholders approve moving company’s legal home from New Jersey to Texas

Gas and oil giant ExxonMobil will likely move its legal home from New Jersey to Texas after shareholders approved a proposal to do so, according to a...

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Business news • May 28

National Hamburger Day 2026 deals: Score free food from Burger King, Arby’s, Dairy Queen, and more

Did you know that National Hamburger Day was a thing? You do now, and you can celebrate by scoring free or heavily discounted food from a number of popular...

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Business news • May 28

Caesars Entertainment, a Las Vegas Strip icon, is sold for $5.7 billion to Fertitta

Caesars Entertainment is being acquired for almost $6 billion by Fertitta, the company that owns Las Vegas' Golden Nugget and chains like Rainforest Cafe...

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Business news • May 28

AI Has Caused a Software Winter for Markets. Snowflake’s Success Won’t End It.

Nebius attracts huge backing from AI investor, these could be hidden space stocks, Exxon Mobil is moving to Texas, and more news to start your day.

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Business news • May 28

EU Fines Temu $232 Million For Selling Illegal Products

The European Commission has slapped Temu with a €200 million ($232 million) fine for failing to prevent the sales of illegal products on its platform.

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Business news • May 28

Hospitality baron Fertitta expands leisure push with $18 billion Caesars buyout

The deal, which will take one of the Las Vegas Strip's most prized casino operators private, includes about $11.9 billion in assumed debt, the companies...

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Business news • May 28

America’s pile of emergency oil is shrinking fast

When he launched his presidential campaign in late 2022, then-candidate Donald Trump blasted his successor for aggressively releasing oil from America's...

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Business news • May 28

IBM, Red Hat Pledge $5 Billion for AI-Driven Open Source Security Initiative

IBM and Red Hat have already begun collaborating with a select group of early adopters, including Bank of America, Citi, Goldman Sachs, Morgan Stanley,...

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Business news • May 28

CVS Caremark will cover Lilly’s weight loss drug Zepbound again after patient backlash

CVS Caremark will resume covering the weight loss drug Zepbound this year after it removed it from its list of covered medications last year, drugmaker Eli...

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Business news • May 28

Ousted BP chairman hits back at 'lies' about his behaviour

Albert Manifold said no-one should be "allowed to hide behind anonymity" when commenting on his time at BP.

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