Business news

Business news • May 12

Report: Google and SpaceX in talks to put data centers into orbit

Google and SpaceX are in talks to build data centers in orbit, pitching space as the future home for AI compute, even as costs today remain far higher than...

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Business news • May 12

Crypto bill ethics talks wobble as senators eye Trump engagement

Senators emerged from a closed-door meeting focused on ethics language that Democrats want to insert into landmark cryptocurrency legislation split over the...

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Business news • May 12

Sam Altman’s Business Dealings Under GOP Scrutiny Ahead of OpenAI’s IPO

Republican-led House Oversight Committee says it is investigating, and a group of GOP state attorneys general are calling for SEC review after WSJ article.

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Business news • May 12

Japan Turns to Anthropic’s Mythos AI as Its Weapon Against Cyber Threats

Japan is in talks with Anthropic, the artificial intelligence (AI) firm behind Claude, to gain access to its new Mythos AI model, government sources...

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Business news • May 12

United Flight Attendants Ratify New Contract

WASHINGTON, D.C. (May 12, 2026) — United Flight Attendants, represented by the Association of Flight Attendants-CWA, today voted by 82% to ratify a new...

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Business news • May 12

Man hit by Frontier Airlines plane taking off at Denver airport intended to kill himself, officials say

The man who was struck and killed by a Frontier Airlines jet after he jumped a perimeter fence at Denver International Airport intended to kill himself,...

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Business news • May 12

Senate confirms Kevin Warsh as Fed governor, clearing path to replace Powell as chair

The Senate has confirmed Kevin Warsh to the Federal Reserve's Board of Governors, a crucial step in President Trump's push to make Warsh the central bank's...

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Business news • May 12

There was a ‘morale boost’ when Elon Musk left OpenAI, Sam Altman testifies

OpenAI's cofounders once asked Elon Musk, who helped create and fund the company, an important question: If he were to control OpenAI, what would happen to...

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Business news • May 12

Biggest US Grid May Be Too Large to Function, Regulator Says

The chairman of the top US energy regulator has put America's biggest power grid on notice, warning that its operator may be too big to function adequately...

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Business news • May 12

US household debt ticks up to new all-time high as inflation continues to rise

U.S. household debt, including mortgages, credit cards, auto loans and student loans, reached an all-time high of $18.8 trillion in the first three months...

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Business news • May 12

Howard Schultz takes a jab at Seattle after moving to Miami

Former Starbucks CEO Howard Schultz has taken a jab at Seattle's mayor and its business climate for what he called “hostile” and “socialist rhetoric.”.

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Business news • May 12

‘Personal to the president’: Companies try to avoid Trump’s wrath over tariff refunds

The president has said he will "remember" companies that don't collect their tariff refunds. So businesses are pursuing them quietly.

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Business news • May 12

UK 30-Year Yields Jump to Highest Since 1998 on Starmer Pressure

The UK bond market tumbled, driving long-term bond yields back to the highest in nearly three decades, as speculation over Keir Starmer's future as prime...

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Business news • May 12

‘My life is not affordable. No one cares’

“It's more expensive to exist.” “You're just staying afloat instead of getting ahead.” “It should not be like this.” Those responses to a new CNN poll sum...

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Business news • May 12

The Facts: The CLARITY Act Protects Main Street, Unleashes Responsible Innovation, and Cracks Down on Fraud and Money Laundering

Washington, D.C. — This week, the Senate is set to take a historic step forward on the CLARITY Act, comprehensive market structure legislation that...

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Business news • May 12

SAP and Anthropic Plan to Bring Claude to SAP Business AI Platform

SAP and Anthropic will embed Claude across SAP's AI-enabled solution portfolio, powered by Joule and Joule agents.

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Business news • May 12

Consumer prices rose 3.8% annually in April, the highest since May 2023

The consumer price index was expected to increase by 3.7% annually in April, according to the Dow Jones consensus.

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Business news • May 12

The CLARITY Act Stablecoin Deal Is Locked. The Ethics Fight Is Next.

The Senate's CLARITY Act stablecoin deal is locked, but an escalating ethics fight now threatens the bill as Congress races toward a May 14 markup.

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Business news • May 12

EBay listed 6 short reasons it's rejecting GameStop CEO Ryan Cohen's takeover offer

EBay has turned down Ryan Cohen's unsolicited offer to take over its business, saying it doesn't see the offer as "credible."

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Business news • May 12

Bristol Myers joins Hengrui party in 13-asset deal worth up to $15.2B

Hengrui Pharma has lined up Bristol Myers Squibb as its latest partner in a deal worth up to $15.2 billion. The total value of the pact marks one of the...

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