Business news

Business news • May 17

“Not a Bet Against Alphabet”: Ackman Explains GOOGL Sale as Microsoft (MSFT) Stake Grows

Billionaire investor Bill Ackman said Pershing Square's sale of Alphabet ($GOOGL) shares was not a bet against the Google parent. Ackman said on X that...

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Business news • May 17

Gen Z is right about the job hunt—it really is worse than it was for millennials

When millennials, Gen X, and baby boomers graduated, just a quarter could expect to be unemployed that year. Meanwhile, nearly 60% of fresh-faced Gen Z...

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Business news • May 17

Boomers have the space. Millennials have the kids

Empty nesters are sitting on America's family-size homes. Why it matters: The people who have the space aren't necessarily the ones who need it — and that's...

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Business news • May 17

Nvidia’s Earnings Could Pop The Options Bubble (NASDAQ:NVDA)

Nvidia options activity is euphoric ahead of earnings, fueling a potential epic squeeze. Read the full analysis here.

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Business news • May 17

‘It was like a mosh pit’: Swatch closes stores as watch launch causes crowding and scuffles

Swatch closed its stores in the UK and in some cities in Europe and the US at the weekend after the launch of a limited-edition watch caused chaos.

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Business news • May 17

Social Security's 2027 COLA: Early Signals Hint at What Retirees Might See

When the Social Security Administration announced last year that benefits would get a 2.8% cost-of-living adjustment, or COLA, in 2026, many retirees were...

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Business news • May 17

The Young Are Being Battered by AI as Hiring Shifts to Older Workers

A new survey says CEOs are looking to slash junior roles in the next two years and focus hiring on mid-level positions.

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Business news • May 17

A 45,000-person labor strike at Samsung's memory chip plants could throw a wrench into the AI boom

Samsung makes about a third of the world's DRAM—the memory inside virtually every phone, laptop, server, and data center on the planet.

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Business news • May 17

For Trump, Soaring Prices Test Voters’ Finances and Patience

Just months before another election that may hinge on the economy, the war in Iran has sent gas and other goods soaring.

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Business news • May 17

‘Q-Day’ is almost here. It could unleash a cybersecurity crisis far worse than Y2K

The clock is ticking on Q-Day, the looming yet unknown date when quantum computing will have the capacity to quickly and easily break the encryption keys...

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Business news • May 17

Is it a problem if the Fed speaks too much?

The Federal Reserve is yapping too much about the economy, according to Kevin Warsh, the US central bank's incoming leader.

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Business news • May 17

Say hello to the new class of AI jobs

AI-related jobs span the org chart from gig work to AI accelerators to the C-suite.

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Business news • May 17

Wall Street is keeping a close eye on Kevin Warsh at the Fed. These are the red (and green) flags they're watching for

All eyes are on Kevin Warsh, and for good reason. Incoming Fed chairman takes over the central bank at a pivotal moment: AI is estimated to reshape the...

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Business news • May 17

Trump Mobile Called Out for Suspicious Blunders Amid Fresh Cash Grab

The $499 Trump-branded phone at the center of a MAGA revolt has sparked fresh scrutiny for a slick promo video that appears to rely heavily on AI.

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Business news • May 17

Kevin Warsh’s first challenge as Fed Chair is to fight inflation — while keeping Trump happy

Ben Bernanke's Fed pulled off a miracle during the financial crisis of 2008 and 2009. What might Kevin Warsh be forced to pull out of his hat as the central...

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Business news • May 17

Hundreds line up at Oak Brook Center Mall for Swatch, Audemars Piguet Royal Pop Collection pocket watch, causing store closure

OAK BROOK, Ill. (WLS) -- Hundreds lined up Saturday morning at a Chicago-area mall for a Swatch and Audemars Piguet Royal Pop Collection pocket watch,...

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Business news • May 17

Shoppers’ Frenzy for ‘Royal Pop’ Pocket Watches Forces Swatch to Shut Stores

The Swiss watchmaker Swatch closed dozens of its stores on Saturday as vast crowds lined up to attempt to snag Royal Pop pocket watches from its...

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Business news • May 17

Trump Phone Starts Shipping This Week After 9-Month Delay

Announced almost a year ago, the golden Trump phone will finally begin shipping this week to people who preordered it, according to Trump Mobile.

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Business news • May 17

LIRR Labor Strike Shuts Down Busiest U.S. Passenger Rail Service

This is the first strike on the service in more than 30 years. It comes after three years of failed contract negotiations, two federal interventions and a...

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Business news • May 16

Opinion | The solution to the Long Island transit strike is obvious

Nothing is more anti-transit than shutting down the country's busiest commuter rail system in a quest to raise costs for taxpayers and fares for passengers.

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