Business news

Business news • May 27

The new oil order that could emerge from an Iran deal

With a U.S.-Iran deal (maybe?) taking shape in coming days, the oil market that follows will look different than what preceded the war.

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Business news • May 27

The SpaceX IPO and Data Centers in Space

It's hardly the biggest problem in the world — or perhaps the height of privilege to consider it a problem at all — but one of the most annoying consumer...

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Business news • May 27

Tesla (TSLA) and SpaceX merger would be Musk’s 4th billion-dollar self-deal

Elon Musk is floating a Tesla-SpaceX merger weeks before SpaceX's IPO. Between SolarCity, X, and xAI, this would be his 4th billion-dollar self-deal.

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Business news • May 27

Fed Chair Kevin Warsh Dropped the Hammer With This 11-Word Statement at His Swearing-in Ceremony -- and Wall Street Isn't Ready for It

A new era has officially begun for America's foremost financial institution, the Federal Reserve. Now-former Fed Chair Jerome Powell's second term ended on...

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Business news • May 27

FDA delays ruling on AstraZeneca drug after negative adcomm vote

The FDA deferred its ruling on AstraZeneca's camizestrant to review analyses filed after an advisory committee voted against the breast cancer asset.

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Business news • May 27

Donald Trump risks triggering financial crisis with Iran war, warns ECB

US President Donald Trump risks triggering a financial crisis, the European Central Bank has warned, citing his war with Iran, repeatedly changing trade...

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Business news • May 27

Japan's Nikkei retreats from record high as AI rally sparks caution

TOKYO, May 27 (Reuters) - Japan's Nikkei share average retreated from a record peak to end nearly ​flat on Wednesday, as investor caution grew about the...

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Business news • May 27

CNBC Daily Open: The $1 trillion club just got bigger

South Korea's SK Hynix and U.S. chip firm Micron become the latest companies to top $1 trillion in market capitalization as the AI rally resumes.

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Business news • May 27

Korean Stocks Surge 100% in 2026 to Surpass Dotcom Era Gains

The breathtaking rally in South Korean stocks took gains for 2026 to 100%, eclipsing even the historic run-ups seen before the dotcom bubble burst and...

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Business news • May 27

Value of South Korean chip giant SK hynix tops $1 tn

The market value of South Korean memory chip maker SK hynix soared past $1 trillion on Wednesday thanks to frenzied global demand for the computing hardware...

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Business news • May 27

Stock futures are little changed after the S&P 500 closes at another record: Live updates

The S&P 500 and Nasdaq Composite rose to fresh intraday and closing records on Tuesday.

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Business news • May 27

SK Hynix Joins Trillion-Dollar Club Alongside Nvidia, TSMC

Samsung Electronics' market value surpassed the mark earlier this month.

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Business news • May 27

Nvidia to spend $150 billion a year in Taiwan, 'epicentre' of AI revolution, says CEO

Nvidia's chief executive said on Wednesday the ​chip company plans to invest around $150 billion a year in Taiwan, terming it the "epicentre" of the AI...

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Business news • May 27

SK Hynix and Micron: Booming AI chip demand helps create two new $1tn club members

SK Hynix and Micron are the latest tech firms to join the growing list of stocks with mega valuations.

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Business news • May 27

Oil price rises back above $100 a barrel as energy market may be past ‘point of no return’

Crude rises after US strikes on Iran dampen hopes of peace deal, with experts saying talks appear stuck in 'endless loop'

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Business news • May 27

Samsung workers approve pay deal, shares surge

Unionised workers at Samsung Electronics have approved a highly contentious bonus pay deal - ‌one that averts a massive 18-day strike but also exacerbates...

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Business news • May 27

Anthropic Is Likely Generating at Least 35% More Revenue Than OpenAI

On New Year's Day, OpenAI leaders would have been happy to hear that the company's monthly revenue would rise more than 50% over the first five months of...

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Business news • May 27

Canada and Germany make liquefied natural gas deal as Carney looks to diversify from US

A person familiar with the matter says Canada has reached a deal to export liquefied natural gas to Germany from a planned Pacific Coast terminal.

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Business news • May 27

‘SCUM’: Trump enters prediction market fight with swing at regulator's critics

President Donald Trump is throwing his weight behind the fast-growing world of prediction markets in their fight against state gambling regulators.

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Business news • May 27

SK Hynix hits $1 trillion valuation as AI boom lifts South Korean chip stocks

Shares of SK Hynix jumped as much as 11% on Wednesday, lifting the South Korean chipmaker's market capitalization above $1 trillion as investors continued...

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