Business news

Business news • May 27

Jamie Dimon says JPMorgan could spend up to $20bn on a new acquisition

Jamie Dimon has raised the prospect of JPMorgan Chase spending up to $20bn on an acquisition, as the bank looks to deploy tens of billions in extra capital...

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Business news • May 27

Median pay for CEOs rose nearly 6% in 2025, but some compensation packages were eye-popping

The typical CEO compensation package rose nearly 6% in 2025 to $17.7 million, as company boards rewarded their top executives for bigger profits and higher...

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Business news • May 27

Elon Musk's SpaceX is going public. 5 things to know about its IPO

Billionaire Elon Musk's SpaceX is planning an initial public offering in June that could be the largest ever. Here's what you need to know about it.

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Business news • May 27

New Fed report warns of ‘remarkable’ increase in households skipping meals due to food costs

There's been a “remarkable” increase over the past few years in Americans struggling to put food on the table, and that's likely contributing to record-low...

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Business news • May 27

BAC: Raising NII guidance amid strong consumer spending, stable credit, and expanding business lines

U.S. economic growth is steady, with strong consumer spending and stable employment supporting financial performance. The company is raising NII guidance,...

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Business news • May 27

SpaceX won't break the IPO market

Public equity markets are deep enough to handle AI's mega-IPOs.

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Business news • May 27

Everlane’s Founder Wants to Try Again

After Everlane's shocking sale to Shein, founder and former CEO Michael Preysman says he plans to start a new line that's 'still radical.'

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Business news • May 27

Tech giants back new data center climate initiative

Microsoft, Google, Amazon and Meta are teaming up with a nonprofit investor to accelerate new technologies using data centers as test cases.

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Business news • May 27

Why Micron Stock Might Have a Math Problem

When it comes to absolutely mindboggling returns, you'd be hard-pressed to beat Micron Technology (MU). Since the start of the year, MU stock has gained...

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Business news • May 27

Global Supply Shortages Deepen as War Drags On, Risking Jobs and Growth

At the onset of the war in the Middle East, industry officials and experts warned that the closure of one of the world's most vital maritime waterways would...

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Business news • May 27

Eli Lilly to acquire Bothell’s Curevo Vaccine for $1.5 billion

Pharmaceutical giant Eli Lilly plans to buy a biotechnology company in Bothell for $1.5 billion. The acquisition of Curevo Vaccine, which develops vaccines...

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Business news • May 27

Zscaler collapses over outlook; analysts lower targets but remain upbeat on strong NRR

Zscaler stock plunges 25% after FY27 ARR guidance misses Street views.

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Business news • May 27

Robinhood now lets your AI agents trade stocks

As the tech industry rallies around AI agents, some companies are building capabilities to enable AI agents to make payments and trade stocks on users'...

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Business news • May 27

Robinhood Lets Customers Use AI to Trade Stocks, Make Credit-Card Purchases

AI agents were already dispensing advice on stock investments and recommending Amazon.com purchases. Now they can do all of that trading and shopping for...

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Business news • May 27

Robinhood launches agentic trading, announces credit card for AI agents with 3% cash back

Robinhood announced that customers can now use agents to conduct stock trading and shop with its credit card.

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Business news • May 27

OpenAI and Anthropic dig in against each other on AI jobs apocalypse

The top AI labs have competing messages about the future of labor.

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Business news • May 27

Leftist Banker Takes On Venezuela Debt Rescue | The Wall Street Journal - newspaper

Read this exciting story from The Wall Street Journal May 27, 2026 issue. The French investment banker Matthieu Pigasse arrived at the private screening of...

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Business news • May 27

The 2026 Lexus ES 500e Trades Commuter Boredom for Electric Bite

Lexus electrifies its bread-and-butter sedan with dual-motor confidence and flagship space.

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Business news • May 27

99% of CEOs are planning AI layoffs in the next 2 years — and entry-level workers are facing the biggest hit

Nearly as many C-suite leaders also say they are planning organization design changes for the next two years.

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Business news • May 27

EU to squeeze US space tech out of prized satellite airwaves

BRUSSELS — The European Commission wants to reserve most satellite frequencies for European operators when a prized spectrum band opens up next year,...

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