Business news

Business news • May 26

Everlane Founder Michael Preysman Weighs in on the Shein Sale—and Reveals His New Project

Michael Preysman addresses what happened at Everlane, and reveals what he plans to do about it. Hint: he's still radical.

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Business news • May 26

Launch of Ferrari’s $640,000 EV Erupts Into a Storm About Its Looks

An avalanche of online memes make fun of the Luce's design, and the company sheds $5 billion in market value.

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Business news • May 26

Tesla Investor Shares How Retail Investors Can Participate In Blockbuster SpaceX IPO Via Robinhood, Sofi

As the Elon Musk-led commercial space flight giant SpaceX gears up for its IPO, here's how you can participate in the listing via platforms like Robinhood...

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Business news • May 26

Micron Stock Hits $1 Trillion. Trump and Wall Street Unite Behind the Chip Titan.

Micron stock rallies after President Donald Trump praised the memory-chip company's investment plan, and the company is set to have a $1 trillion market...

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Business news • May 26

SpaceX IPO Filing Reveals Favorable Terms for Elon Musk

In January, SpaceX granted Elon Musk, its founder and chief executive, a pay package that eventually totaled 1.3 billion restricted shares.

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Business news • May 26

SpaceX’s Starlink nabs American Airlines contract, another win for its IPO

American Airlines said Tuesday it plans to install Starlink on more than 500 Airbus aircraft, the latest carrier win for IPO-bound SpaceX.

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Business news • May 26

AutoZone Races Past Earnings Estimates. Why the Stock Is Falling.

AutoZone stock fell after the car-parts retailer reported better-than-expected quarterly earnings but disappointing international growth.

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Business news • May 26

Some of Texas’ most famous BBQ joints forced to close due to sky-high beef prices

Where's the beef? Not in Texas — at least, not as much as it used to be. Texas barbecue joints are shutting their doors across the Lone Star State as...

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Business news • May 26

AutoZone stock has worst day in four years, despite retailer beating Wall Street estimates

AutoZone Inc. on Tuesday recorded its worst trading day in more than four years despite the retailer beating Wall Street's estimates for its third-quarter...

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Business news • May 26

Kroger announces retirement of Tim Massa, Executive Vice President and Chief Associate Experience Officer

Massa to retire September 18 following 16 years of leadership at Kroger and more than three decades of distinguished service in human resources.

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Business news • May 26

Largest study of AI hiring algorithms to date finds 'clear racial disparities' — over 25% of Black applicants tainted by bias

A Stanford-led study of 4 million job applications reveals AI tools used by Fortune 100 companies systematically reject Black and Asian applicants.

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Business news • May 26

Controversial electric Ferrari outrages transport minister (and the rest of Italy)

Matteo Salvini joined a chorus of Italians slamming the design of the first fully electric Ferrari.

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Business news • May 26

NVDA Down Almost 10% In 2 Weeks Despite Record Revenue: What Is Going On?

Nvidia posted $81.6 billion in record revenue, yet the stock has barely moved. Gavin Baker makes the bull case as rising yields and a Rubin transition weigh...

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Business news • May 26

Uber burned through its entire 2026 AI budget in four months. Now its COO is questioning whether it's worth it

The rideshare giant's COO says “it's very hard to draw a line” between rising AI costs and useful features for customers.

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Business news • May 26

Chipotle fans are clamoring for an instant-favorite new protein option — but it’s currently only available in some stores

A new innovation is being tested at Chipotle Mexican Grill, and fans are already begging for it to be available nationwide.

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Business news • May 26

Inflation worries weigh on US consumer confidence in May

U.S. consumer confidence eased in May as worries about inflation linked to the war in Iran intensified and households' views of the labor market were...

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Business news • May 26

American Airlines stock jumps as the airline picks Starlink for in-flight Wi-Fi service

American Airlines struck a deal with SpaceX's Starlink for Wi-Fi service on more than 500 of its jets, the latest carrier to go with the satellite internet...

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Business news • May 26

SpaceX IPO filing sparks a bull market in space stocks. How to buy in

Analysts see a range of IPO beneficiaries, from suppliers to proxies -- and even competitors.

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Business news • May 26

AutoZone Says Cool Weather Led to Slowing Sales Growth

The auto-parts retailer also said it is still seeing weakness in its international business due to slowing economies in Mexico and Brazil.

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Business news • May 26

AutoZone: Very Disappointing (NYSE:AZO)

AutoZone remains a long-term compounder despite recent margin pressure, slower EPS growth, and a pullback to $3000. Read more on AZO stock here.

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