Business news

Business news • May 16

Space Force awards Northrop Grumman $398 million satellite contract

WASHINGTON — The U.S. Space Force awarded Northrop Grumman a $398 million contract to build a prototype communications satellite intended to demonstrate...

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Business news • May 16

Verizon adds generous offers for customers after price increase

Verizon has dropped two new generous offers for customers after it quietly raised the price of its Unlimited Ultimate phone plan, a move that comes as more...

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Business news • May 16

Kevin Warsh comes into the Fed facing a big 'family fight' over cutting interest rates

If new Federal Reserve Chair Kevin Warsh is still itching for a "good family fight" over monetary policy, he is likely to get one if he sticks to his guns...

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Business news • May 16

Global oil stockpiles could hit record lows if Strait of Hormuz remains closed

The world's oil stockpiles could approach all-time lows by the end of May due to the Strait of Hormuz closure, according to UBS.

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Business news • May 16

LIRR STRIKE: Talks break down, and 300,000 commuters now stranded as railroad employees hit picket line

Some 300000 daily commuters who rely on the LIRR in New York City, Nassau and Suffolk Counties now need to find an alternate way to get around, or scrap.

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Business news • May 16

Crude oil price spike signals harsh reality check

What consumers can expect at the gas station in the near future.

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Business news • May 16

What Musk v. Altman revealed about tech’s rich and famous

In August 2017, 29-year-old OpenAI cofounder Greg Brockman was wrestling with his feelings about the future of the organization — and what role his “fucking...

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Business news • May 16

New Amtrak Cascades Airo train arriving in Seattle

The new Airo fleet is expected to begin service in Seattle as early as this fall.

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Business news • May 16

Here are 40 of our favorite deals from REI’s massive Anniversary Sale

REI's annual Anniversary Sale — the retailer's biggest of the year — has arrived, bringing with it discounts on all kinds of outdoor essentials.

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Business news • May 16

Pity the poor AI data centers facing ‘discrimination’ | Arwa Mahdawi

The centers are diverting much-needed resources from regular people. Local resistance has the industry playing defense.

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Business news • May 16

Buy Nvidia Under $250 on Trump’s China Visit and Warsh’s Dovish AI Signals

NVIDIA (NASDAQ:NVDA | NVDA Price Prediction) at $235.74 screens attractively under $250. President Trump's China visit and growing signals that potential...

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Business news • May 16

MTA raised alarms about Amtrak tunnel plan before this week's Penn Station meltdown

MTA officials spent months last year warning that an Amtrak construction plan would spark service meltdowns at Penn Station.

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Business news • May 16

Farmers growing increasingly desperate amid rising energy and fertilizer prices

Farmers across the Midwest are entering planting season under mounting financial pressure, as the Iran conflict drives up diesel and fertilizer prices...

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Business news • May 16

Yikes! The Federal Reserve's May Inflation Forecast Is In, and It Has Big Implications for Social Security's 2027 COLA.

A history-making raise may be on the way for Social Security beneficiaries next year -- but this is far from the full story.

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Business news • May 16

Kevin Warsh and the Return of Monetarism

The new Fed chair believes inflation is linked to money. That will serve him well.

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Business news • May 16

Honda reports first annual loss in 70 years, what does it mean for its F1 project?

Honda has presented its worst financial report since the Japanese manufacturer was listed on the stock exchange in 1957. Honda Motor had already forecast a...

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Business news • May 16

US Government Sold $691 Billion of Treasury Securities this Week, 10-Year Yield Spikes to 4.6%, 30-Year Yield to 5.12% as 2nd Wave of Inflation Takes Off

The Fed is “behind the curve,” and the bond market is getting very nervous. Treasury yield curve flips from a sag to a hump in the middle as 2-5 year yields...

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Business news • May 16

Elon Musk Says He Isn’t Selling His SpaceX Shares as IPO Looms

(Bloomberg) -- Elon Musk said he is not selling any SpaceX shares, with the company reported to be preparing to file publicly for its long-awaited IPO as...

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Business news • May 16

Which Countries Are Profiting From the Iran War Oil Shock

An analysis of oil export data offers clues about which nations have benefited from higher prices, and which have lost a lot of revenue.

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Business news • May 16

I Shop for 8 Hours a Day, and Amazon’s Memorial Day Sale Includes $8 Dresses and Martha Stewart-Used Makeup

I'm not one to brag, but I am proud of myself for finding some of the best early Memorial Day sales on Amazon. Of course, the advantage that I have over...

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