Business news

Business news • May 15

Stocks and bonds get swept up in a selloff, as Trump’s China visit fails to pry open the Strait of Hormuz

U.S. markets sold off sharply Friday as global oil prices topped $109 a barrel, inflation fears gripped Wall Street and President Donald Trump's China trip...

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Business news • May 15

Starbucks to lay off 300 US corporate workers and close regional offices

Starbucks said Friday it's laying off 300 corporate employees and closing some U.S. offices as part of its ongoing turnaround. No coffeehouse employees are...

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Business news • May 15

Starbucks to Layoff 300 Corporate Workers

Starbucks will eliminate 300 corporate jobs in the United States and close four regional offices as part of its turnaround effort, the company said on...

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Business news • May 15

A closely guarded plan to cool Earth is revealed

A company that aims to make billions of dollars by cooling the Earth has lifted the veil of secrecy that until now has hidden its plans for preventing...

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Business news • May 15

Nvidia’s Future in China Remains Unclear After Trump-Xi Summit

The standoff comes as Chinese firms increasingly turn to domestic chipmakers like Huawei, in a drive to reduce China's dependence on Western technologies.

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Business news • May 15

WallStreetBets versus the SEC

Earlier this month, the US Securities and Exchange Commission proposed to scrap quarterly earnings reports, as part of the Trump administration's broader...

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Business news • May 15

CATURUS ANNOUNCES FINAL INVESTMENT DECISION FOR 9.5 MTPA COMMONWEALTH LNG EXPORT FACILITY IN CAMERON, LA

$13 billion project realizes Caturus' ambitions to build the nation's leading independent integrated natural gas and LNG company,...

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Business news • May 15

The World Is Burning Through Its Oil Safety Net

Global oil inventories have fallen at a record pace during the Iran war.

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Business news • May 15

Trump’s Iran war is pushing American farmers to the brink

Skyrocketing costs, unfair markets, and poor policy are pressuring farmers thanks to the ongoing conflict.

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Business news • May 15

“Do You Always Tell the Truth?”: Sam Altman Rests His Case in the OpenAI Trial.

From lines like “the good of humanity” to the “directionally very bad,” Altman's defense was decent work—if you can trust it.

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Business news • May 15

As Powell Steps Down, the Fed Confronts ‘Regime Change’

Jerome H. Powell is passing the chair's baton to Kevin M. Warsh at the Federal Reserve, an institution that President Trump's pick says needs an overhaul.

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Business news • May 15

Powell, the most battle-tested Fed chair, finishes his term

The sharpest economic decline in American history, the highest inflation in more than 40 years, aggressive political attacks from the White House,...

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Business news • May 15

30-year Treasury yield tops 5.1%, highest in nearly a year

U.S. Treasury yields spiked on Friday following a week of messy inflation data and as traders looked to price interest rate policy under new Federal Reserve...

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Business news • May 15

Empty Waymos invade Atlanta neighborhood, circle cul-de-sac for hours with no passengers

In one northwest Atlanta neighborhood, the residents say dozens of Waymo cars end up circling their cul-de-sac.

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Business news • May 15

Honda shares rise over 7% as investors shrug off first operating loss in nearly 70 years

Honda Motor rose over 7% on Friday, even after posting its first annual operating loss in nearly 70 years.

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Business news • May 15

Cerebras Just Pulled Off the Biggest IPO Of 2026 So Far. History Says This Happens Next.

Cerebras Systems (CBRS +68.15%) just pulled off the biggest U.S. tech initial public offering (IPO) since Snowflake made its debut in 2020.

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Business news • May 15

Dow Jones Futures Fall, Yields Top 4.5% After Nvidia Runs, Cerebras IPO Soars; Trump-Xi Summit Continues

Dow Jones futures: The stock market hit highs as Nvidia led and AI chip IPO Cerebras soared in its debut. The Trump-Xi summit continues.

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Business news • May 15

Retired firefighter testified he lost most of his 401(k) investing in companies criticized by Andrew Left

Retail investors testified in the fraud trial of Andrew Left, with one saying he lost most of his 401(k) in stocks the short seller criticized.

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Business news • May 15

Closing arguments conclude in Musk v. Altman, jury to deliberate next week

The jury's verdict in Musk v. Altman will be advisory, and deliberations are set to begin on Monday.

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Business news • May 15

The Real Losers of the Musk v. Altman Trial

Attorneys delivered closing arguments in the Musk v. Altman trial on Thursday in a final attempt to convince a judge and jury that their respective clients,...

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