Business news

Business news • May 21

Nvidia Tells Skeptical Investors AI Is Ready to Go Mainstream

(Bloomberg) -- Nvidia Corp., facing more investor skepticism, used its latest quarterly report to tout progress in diversifying the company, which aims to...

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Business news • May 21

In desperate times, graduates find hope in humiliating tech CEOs

University graduates are booing and heckling corporate executives who praise AI during their commencement ceremonies, and the only people who seem to be...

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Business news • May 21

Oil Futures Lose Ground on Hopes for U.S.-Iran Deal

1543 ET – Crude futures settle lower in an up-and-down session with conflicting expectations for an agreement to end the U.S.-Iran stalemate.

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Business news • May 21

Two men charged with creating AI-generated porn under new law targeting ‘deepfakes’

Federal prosecutors have charged two men with using AI to create nude videos and photos under a new law targeting deepfake pornography.

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Business news • May 21

Memorial Day: Higher fuel prices have some Americans scaling back their travel plans

Higher fuel prices and other inflationary pressures are making most forms of travel more expensive as Memorial Day kicks off the summer season in the U.S..

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Business news • May 21

Oil Edges Up After Plunging on Optimism Over US-Iran Agreement

Oil extended declines for a third day as investors speculated on whether the US and Iran are closing in on a peace deal that could lead to a resumption of...

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Business news • May 21

Artificial intelligence could potentially eliminate thousands of jobs in New York City, city official says

The top financial officer in New York City on Thursday warned that artificial intelligence could put thousands of workers in the nation's largest metropolis...

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Business news • May 21

Chrysler, Dodge, And Ram Have 9 New Models Coming By 2030. Here's All Of Them

Stellantis has an entire range of new products coming to the US, including new Chrysler SUVs, small Ram trucks, and even possibly a halo SRT model from...

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Business news • May 21

Zillow loses thousands of listings in fight over “hidden” homes

On Wednesday, Zillow abruptly lost access to thousands of property listings in the Chicago area after filing a lawsuit accusing a private listing network...

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Business news • May 21

SpaceX, OpenAI valuations could mean they leapfrog Berkshire Hathaway on first day of trading

Traders on prediction market Polymarket think SpaceX, OpenAI and Anthropic on their first day of trading will surpass valuations of at least $1.4 trillion.

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Business news • May 21

SpaceX Investors Can’t Complain

“We believe we have identified the largest actionable total addressable market ('TAM') in human history,” says the prospectus for SpaceX's initial public...

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Business news • May 21

How Walmart's gas price warning shapes our retail outlook — plus, Honeywell's quantum connection

Every weekday, the Investing Club releases the Homestretch; an actionable afternoon update just in time for the last hour of trading.

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Business news • May 21

Ro Khanna blames 'clueless' boomers for Gen Z booing AI: They handed over a ‘broken economy'

Rep. Ro Khanna (D-Calif.) had a simple message for graduates at Suffolk University in Boston last Sunday: AI's windfall shouldn't flow only to billionaires.

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Business news • May 21

Stellantis Plots $70 Billion Turnaround Leaning on US Gains

Stellantis NV announced a major investment push focused on four core brands in a broad reset to boost profitability.

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Business news • May 21

US move into quantum computing adds to a portfolio that spans semiconductors, steel, nuclear, and rare earths

The Trump administration is expanding the government's burgeoning investment portfolio, announcing Thursday that it will award grants to nine quantum...

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Business news • May 21

New weight-loss shot appears to outperform other obesity drugs on market

Eli Lilly says participants in a sizable trial of retatrutide lost much more weight compared to other weight-loss drugs.

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Business news • May 21

Cybertruck Driver Tried Using Wade Mode In A Lake, Ended Up In Jail

The Cybertruck, took on water, bricked itself, and had to be abandoned. Amongst others, the driver now faces charges for not having valid boat registration.

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Business news • May 21

Oil markets nearing ‘red zone’ as Iran crisis continues, warns IEA chief

Surging demand, low reserves and reduced Middle East exports predicted to cause global crunch by August.

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Business news • May 21

Even at $5 Trillion, Nvidia Is Underappreciated

Competition is growing, but the AI chip maker's sluggish stock doesn't give enough credit for its strong position.

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Business news • May 21

Jeff Bezos wants the bottom half of earners to pay zero income tax—he says nurses making just $75K should save $12K a year

Billionaire Amazon founder, Jeff Bezos, says the bottom 50% of Americans should pay no federal income tax—and he plans to pitch the idea to President Trump.

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