Business news

Business news • May 13

Kevin Warsh wins Senate confirmation as the next Federal Reserve chair

Kevin Warsh was confirmed Wednesday as the next Federal Reserve chair, in a 54-45 vote that was the closest in the modern era.

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Business news • May 13

As LIRR strike looms, Hochul warns Long Islanders they may have to stay home

Gov. Kathy Hochul on Wednesday said Long Island Rail Road commuters should plan to work from home if the train service shuts down for a strike.

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Business news • May 13

Anthropic's Newest Claude Feature Is Here to Help Small-Business Owners With Their Pain Points

Small-business owners wear a lot of hats, and Anthropic's latest release aims to lighten the load with 15 ready-made skills that allow Claude to handle...

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Business news • May 13

People Would Rather Have Nuclear Power Plants In Their Area Than AI Data Centers

Americans are so against the construction of artificial intelligence data centers in their local areas that they'd rather see a nuclear power plant built...

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Business news • May 13

Trump Mobile's CEO says gold-plated Trump phone will begin shipping to buyers this week after delays

Those delays were worth it in our minds as we are delivering an amazing product,” said Trump Mobile CEO Pat O'Brien.

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Business news • May 13

Altman forced to confront claims at OpenAI trial that he’s a prolific liar

Elon Musk and Sam Altman had very different experiences while testifying at a trial that will determine OpenAI's future, including who runs it,...

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Business news • May 13

Why Is the Stock Market Up Today, 5/13/26?

After a slow start, both the SP 500 (SPX) and the Nasdaq 100 (NDX) are trading higher on Wednesday. Strength in the Magnificent 7 has offset weakness in the...

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Business news • May 13

Raleigh sewer spill: 1.1 million gallons released near Airport Boulevard after pipe failure

RALEIGH, N.C. (WTVD) -- Raleigh Water crews have contained a large sewer spill near the 2800 block of Airport Boulevard after a temporary pipe failure...

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Business news • May 13

Treasury Buyers Get 5% Long Bond for First Time Since 2007

Investors snagged 5% yields on 30-year Treasuries for the first time since 2007, as surging energy prices push inflation — and expectations for more of it...

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Business news • May 13

Microsoft Spent Over $100 Billion on OpenAI Partnership To Date

Microsoft Corp. has spent more than $100 billion on its partnership with OpenAI, a sum that underscores the significance of the software maker's role in the...

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Business news • May 13

OpenAI Brings Its Ass to Court

Wednesday's episode of the Musk v. Altman trial kicked off with a unique proposition: OpenAI wanted to bring its ass into the courtroom, and lay it bare...

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Business news • May 13

Who trusts Sam Altman?

In May 2023, OpenAI CEO Sam Altman was sworn in and testified before Congress about the regulation of artificial intelligence.

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Business news • May 13

Social Security now poised for big ‘Trump Bump’ in the months ahead — here’s how much extra cash you’ll likely get

Moneywise and Yahoo Finance LLC may earn commission or revenue through links in the content below. Social Security benefits look poised for a so-called...

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Business news • May 13

The Real Story of the OpenAI Case

State attorneys general ignored taxpayer interests and waved through its conversion to a for-profit.

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Business news • May 13

Who was on Trump's plane to China? Elon Musk, Nvidia CEO and more

Prominent U.S. executives from Big Tech and Wall Street to agriculture and aerospace are joining President Donald Trump on his trip to China this week.

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Business news • May 13

Arm, SoftBank Tried to Buy Cerebras in 11th Hour

Arm Holdings Plc and majority owner SoftBank Group Corp. made an approach to acquire Cerebras Systems Inc., the AI computing firm, weeks before its expected...

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Business news • May 13

Frontier Passengers File $10 Million Claim Against Denver For Failing To Stop Runway Suicide

This is why people hate lawyers. A man scaled an 8-foot airport perimeter fence topped with barbed wire, entered Denver's remote airfield area, and stood on...

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Business news • May 13

PJM may be ‘too big to function’: FERC Chairman Swett

Each of the 13 states in PJM, and the District of Columbia, have “fundamentally different regulatory structures, resource portfolios and politics,” FERC...

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Business news • May 13

These top U.S. CEOs, worth nearly $1 trillion combined, are accompanying Trump to China

The delegation of business leaders underscores the deep ties many major U.S. companies maintain with China despite years of trade tensions.

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Business news • May 13

Iran, Ukraine wars deliver worst hit in years to oil refining output

Refinery attacks tied to the wars in Iran and Ukraine have knocked out nearly 9% of global ​oil refining capacity in recent months, deepening a fuel supply...

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