Business news

Business news • May 18

Global Finance Leaders Demand Briefing on Anthropic’s Mythos AI Cyber Threats

Anthropic, the artificial intelligence (AI) firm behind the Claude chatbot, has agreed to brief top global financial authorities and central banks on the...

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Business news • May 18

This LIRR Strike Should Be the Last

Governor Kathy Hochul can act decisively to bring the Long Island Rail Road unions to heel.

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Business news • May 18

AI skepticism grows among US youth

Polls show that 70% of Americans think AI is moving too fast, partly because of fears over AI's upending of the job market.

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Business news • May 18

Here’s where Treasury yields will peak and open up a rare opportunity to buy stocks and bonds, says Wall Street veteran

The Treasury yield could peak near 5% in coming weeks, which will be a chance to buy stocks, says Ed Yardeni.

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Business news • May 18

Starbucks Korea apologizes over promotion linked to democracy movement memories

By Kim Eun-jung. SEOUL, May 18 (Yonhap) -- Starbucks Korea apologized Monday over an online promotional event after it faced backlash for allegedly evoking...

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Business news • May 18

Analysts ‘shaking heads’ after Regeneron melanoma drug fails to beat Keytruda in phase 3 trial

The phase 3 study of the LAG-3 inhibitor missed its primary endpoint, leaving Regeneron reeling from the second failure of a key late-stage program.

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Business news • May 18

Oil Prices Climb and Bonds Falter as Iran War Raises Inflation Fears

Stocks and bonds wavered after President Trump issued a new warning to Iran.

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Business news • May 18

Dow Jones Futures Fall, Oil Prices Rise As Trump Says 'Clock Is Ticking' For Iran; Nvidia Earnings Ahead

Dow Jones futures: The stock market is near highs but oil prices and yields are headwinds as Trump issues new Iran threats. Nvidia looms.

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Business news • May 18

Stock futures fall after record-setting week for Wall Street; traders await Nvidia and retail earnings: Live updates

Stock futures fell Sunday night following a record-setting week, with traders awaiting quarterly results from Nvidia and major U.S. retailers.

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Business news • May 18

New York braces for first weekday commute amid rail workers strike

Representatives from New York's Metropolitan Transportation Authority and unions for Long Island Rail Road workers were called back to the bargaining table...

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Business news • May 18

Fannie Mae forecasts change in mortgage rates, housing market

The government-sponsored enterprise (GSE) has released its May Housing Forecast. Learn what Fannie Mae thinks is next for mortgage rates and home...

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Business news • May 18

Delta flight bound for Shanghai forced to divert to Seattle due to disruptive passenger

A Delta Air Lines flight from Los Angeles to Shanghai was forced to divert to Seattle after a passenger became disruptive.

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Business news • May 18

AP x Swatch watch craze sparks overnight lines, store shutdowns and resale frenzy

The release of a $400 Swatch and Audemars Piguet collaboration watch caused nationwide chaos, long lines, and store closures as buyers and resellers...

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Business news • May 18

Oil prices rise after Trump warns 'clock is ticking' as Iran peace talks stall

Oil prices rose on Monday morning in Asia after US President Donald Trump warned Iran the "clock is ticking" as talks to bring the war to an end have...

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Business news • May 18

Korean Stocks Extend Slump as Higher Yields Threaten AI Rally

South Korean stocks fell as rising bond yields put further pressure on the world's best-performing equity market.

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Business news • May 18

New York rail workers' strike continues as commuters brace for Monday chaos

Management and labour unions for workers on North America's busiest rail line have been summoned to mediation after a strike threatened the morning commute...

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Business news • May 18

Brent Breaks $111 as Oil Markets Brace for Shortages

Oil prices rose as Gulf drone attacks, failed diplomacy, and tightening supply intensified fears of a global energy shortage.

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Business news • May 18

Shopping frenzy over special edition Swatch pocket watch

A special edition Swatch pocket watch triggered crowds reminiscent of past Black Fridays. Jonathan Vigliotti reports.

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Business news • May 18

Bond Traders See Shift Toward New Era of Higher Yields

A new era of elevated borrowing costs is potentially underway as war-driven inflation angst intensifies in the US bond market, sending 30-year yields toward...

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Business news • May 18

Oil jumps as Trump warns 'Clock is Ticking' for Iran, fanning fears of escalation in conflict

Trump's warning to Iran over the weekend signals that the impasse between Washington and Tehran over ending the war could deteriorate into resumption of...

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