Business news

Business news • May 14

New Honda Accord and Acura RDX Hybrids Are Coming. Here's What They Might Look Like

Honda is working on 15 new hybrid vehicles, including the next-generation Honda Accord and Acura RDX, which were recently previewed by a pair of prototypes.

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Business news • May 14

Bank of America resets Nvidia stock price target for 2026

BofA raised Nvidia's price target to $320 on a $1.7T AI data center TAM forecast. Here is analyst Vivek Arya's thesis and what the May 20 earnings must...

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Business news • May 14

Why Cerebras AI chips stand out in the Nvidia-dominated market

AI chip company Cerebras (CBRS) went public Thursday, the first of what is expected to be a handful of major AI-based initial public offerings in 2026.

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Business news • May 14

Supreme Court Just Dropped Two Unanimous Opinions—Here’s What They Decided

The U.S. Supreme Court on Thursday issued two unanimous rulings that fundamentally reshape the legal guardrails for the shipping and employment industries.

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Business news • May 14

Musk accused of 'selective amnesia,' Altman of lying as OpenAI trial nears end

A lawyer for Elon Musk hammered at the credibility of OpenAI CEO Sam Altman on Thursday, near the end of a trial over whether to hold the ChatGPT maker and...

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Business news • May 14

Trump Brought 17 CEOs to China. Only Two Got Seats on Air Force One: Elon Musk and Jensen Huang

Elon Musk and Jensen Huang (NVDA) were the only two CEOs boarding Air Force One to Beijing, sitting closest to President Trump among 17 executives on the...

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Business news • May 14

Trump’s Push to Keep Coal Plants Open Is Costing Hundreds of Millions

Costs have been mounting in the year since the Trump administration began directing aging coal plants to stay open.

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Business news • May 14

Spirit Airlines Told Workers To Ignore Shutdown Rumors — Now They’re Suing For 60 Days Pay

There's a new proposed class action lawsuit on behalf of Spirit Airlines workers, filed on Tuesday, arguing that the airline terminated nearly its entire...

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Business news • May 14

Honda Posts First-Ever Annual Loss After Pullback From E.V.s

Honda Motor on Thursday reported its first annual loss since becoming a publicly traded company in Japan seven decades ago, as the costly retreat from its...

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Business news • May 14

Global Oil Stockpiles Plunge as Iran War Chokes Supply

Global oil markets are facing a historic supply shock as the war in Iran restricts Hormuz tanker traffic and drains inventories at record speed.

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Business news • May 14

Honda just lost money for the first time in 70 years

The auto industry's massive pullback from its electric vehicle plans has claimed another victim: Honda, which posted its first annual loss since 1955.

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Business news • May 14

Honda Previews Hybrid Sedan Prototype During Global Honda Business Briefing

During a global business briefing in Japan today, a next-generation Honda Hybrid Sedan Prototype was revealed to preview one of 15 new hybrid models the...

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Business news • May 14

Business

The International Energy Agency warned that the loss of oil supplies from the closure of the Strait of Hormuz has depleted global oil inventories at a...

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Business news • May 14

The SpaceX IPO is already upending the stock market

Elon Musk's $1 trillion-plus SpaceX isn't a public company yet, but its size and ambitions are already upending the stock market and sparking questions over...

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Business news • May 14

Dow Jones Futures Rise As Cisco Soars On AI Orders; Trump-Xi Summit Begins

Dow Jones futures rose as Cisco soared on earnings. AI chip IPO Cerebras priced high. The Trump-Xi summit is underway.

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Business news • May 14

Blue-green diamond called the "world's rarest" sells for record $17.3 million at auction

A 5.5-carat triangular-cut diamond billed as the largest fancy vivid blue-green diamond known to exist sold for $17.3 million on Wednesday, Christie's said,...

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Business news • May 14

US's Bessent says soybeans 'all taken care of', cooling expectations for fresh Chinese buying

U.S. Treasury Secretary Scott Bessent said the existing ​purchase commitment by China means "soybeans are all taken ‌care of," tempering expectations for a...

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Business news • May 14

Topline Results from Phase 2 CELIA Study of Diranersen (BIIB080): First Study to Show Reduction in Tau Pathology and Cognitive Benefit in Patients with Early Alzheimer’s Disease

CELIA did not meet its primary endpoint assessing dose response; based on the strength of the biomarker and efficacy data, Biogen plans to advance...

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Business news • May 14

Regenxbio says Duchenne gene therapy succeeded in clinical trial, paving way for FDA submission

Regenxbio said Thursday that its experimental gene therapy for Duchenne muscular dystrophy produced sufficiently high levels of a miniaturized muscle...

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Business news • May 14

Joe Rogan bet Elon Musk $1 that an arrow could pierce the Tesla Cybertruck and filmed himself trying to do it

Elon Musk said the Tesla Cybertruck is basically bulletproof but Joe Rogan decided to verify that claim with a symbolic bet.

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