Business news

Business news • May 27

SK Hynix joins $1 trillion club after Samsung, Micron on AI chip boom

SK Hynix topped $1 trillion in market value for the first time on Wednesday, joining its memory chip ‌rivals Samsung Electronics and Micron Technology in...

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Business news • May 26

Uber, Lyft drivers in Massachusetts form first US ride-share union

Ride-share drivers for app-based companies such ​as Uber and Lyft have unionized in Massachusetts, forming what state officials and labor leaders said was...

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Business news • May 26

BP’s Ousted Chair Says He Was Fired Without Explanation

Former BP Plc Chairman Albert Manifold says he was fired without warning or explanation and will challenge the company's version of events, deepening the...

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Business news • May 26

SpaceX IPO Gets Another Greenlight Toward Faster Index Inclusion

FTSE Russell adopted a rule change that will speed the addition of newly listed large-cap companies to its main indexes, weeks ahead of SpaceX's expected...

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Business news • May 26

SpaceX wins $2.29 billion Space Force contract for military data network

WASHINGTON — The U.S. Space Force awarded SpaceX a $2.29 billion contract to build a network of low Earth orbit satellites intended to function as a...

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Business news • May 26

Trump administration wants nuclear startups to use plutonium for their reactors

The U.S. government is sitting on dozens of tons of weapons-grade plutonium. It's hoping startups can find a use for it.

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Business news • May 26

AutoZone (AZO) Margin Compression To 12.5% Tests Bulls’ Long Term Earnings Narrative

AutoZone (AZO) has just posted its Q2 2026 results with total revenue of US$4.3b, basic EPS of US$28.29 and net income of US$468.86m, while same store sales...

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Business news • May 26

Asian Stocks Set to Rise as Iran Deal Hopes Hold: Markets Wrap

Global equities extended their record rally as momentum in technology shares accelerated and geopolitical tensions eased. Oil slipped.

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Business news • May 26

Meta lays off nearly 700 Bay Area workers, and twice as many in Seattle area

Meta's sweeping layoffs will affect nearly 700 Bay Area workers, adding to years of cuts in the face of massive artificial intelligence investment and...

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Business news • May 26

Ferrari stock falls after unveiling of Luce, a new $640,000 EV designed by Jony Ive

The Luce EV arrived in Rome on Monday night, making a big statement as Ferrari's first fully-electric car. Featuring a design vastly different from the...

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Business news • May 26

Uber’s $11.6 Billion Bid for DoorDash Rival Is About Future Proofing It From Robots

Uber has offered to buy Germany's Delivery Hero for around $11.6 billion.

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Business news • May 26

Rocket Lab, AST, Other Space Stocks Take Off After SpaceX’s Starship Blows Up

Space stocks were soaring on Tuesday—again. SpaceX seems to be the cause—again—with the 12th test of its huge Starship rocket launching on Friday evening.

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Business news • May 26

Rocket, Satellite Stocks Surge as SpaceX IPO Fuels Euphoria

Space and satellite-related stocks soared Tuesday as investor enthusiasm around the industry intensified.

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Business news • May 26

American Airlines Signs Up for Starlink Wi-Fi Service on Its Flights

American Airlines passengers could begin to connect to in-flight Wi-Fi through SpaceX's Starlink satellite network next year. The airline announced Tuesday...

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Business news • May 26

US picks potential partners for using Cold War-era plutonium as fuel

Trump gov't plans to make about 20 tonnes of plutonium from dismantled nuclear warheads available to US power firms.

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Business news • May 26

Sam Altman and Dario Amodei are both walking back their AI jobs apocalypse prophecies as they eye blockbuster IPOs

Two of the most influential CEOs in tech spent the last year warning that AI would gut white-collar employment. Now they're admitting they were wrong,...

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Business news • May 26

AutoZone Inc. stock underperforms Tuesday when compared to competitors

slid 8.99% to $3,100.11 Tuesday, on what proved to be an all-around mixed trading session for the stock market, with the S&P 500 Index.

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Business news • May 26

Why AutoZone Stock Is Plummeting Today

AutoZone beat Wall Street's average earnings target for fiscal Q3, but the stock is still selling off.

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Business news • May 26

S&P 500 Hits Record High as Iran Peace Hopes Hold: Markets Wrap

(Bloomberg) -- Wall Street kicked off the holiday-shortened week with stocks joining bonds higher as hopes for a peace deal between the US and Iran...

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Business news • May 26

Consumer Alert: Residents Urged to Take Precautions After Invasive Glassy-Winged Sharpshooter Detected

Marysville, Yuba County – Local agricultural officials are urging residents to take immediate precautions after the invasive glassy-winged sharpshooter was...

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