Business news

Business news • May 11

Byron Allen to Buy BuzzFeed In $120 Million Deal, Will Take Over As CEO

Byron Allen has snapped up the struggling millennial media company BuzzFeed and will take a majority stake.

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Business news • May 11

I Sat In The New Audi Q9—It Raises The Bar For Audi Interiors

Audi enters a new era with a fresh flagship: the 2027 Q9 SUV. You'll need to wait a bit longer to learn all the details on this full-size luxury family...

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Business news • May 11

Breakingviews - Chinese cars on US roads is matter of when, not if

Tariffs and ​lawmaker ire keep ​BYD, CATL and others largely ⁠locked out of ​the world's second-largest autos ​market. But US factories would bring jobs and...

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Business news • May 11

'Big Short' investor Michael Burry says the market has 'jumped the shark' — what he says investors are getting wrong

Michael Burry, the investor who accurately called the U.S. housing crash in 2008, is not feeling good about the state of the stock market these days.

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Business news • May 11

GM cutting up to 600 white-collar jobs, even as it seeks tech talent

The Detroit automaker is cutting tech jobs that are no longer needed. But it aims to hire tech-savvy workers skilled in artificial intelligence.

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Business news • May 11

Micron and SK Hynix Stocks Surge. Thank Trouble at Samsung.

Micron and SK Hynix stocks rose Monday. Memory-chip rival Samsung could be about to take a hit to production.

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Business news • May 11

Data center guzzled 30 million gallons of water, and nobody noticed for months

A curious case in Georgia serves as a warning for many parts of the US hastily approving data center developments without first updating their water systems...

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Business news • May 11

Circle Breaks Out, Crypto Stocks Surge Ahead Of Clarity Act Hearing

Circle Internet tops earnings views, USDC stablecoin circulation booms. Crypto stocks jump ahead of Senate hearing on the Clarity Act.

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Business news • May 11

Oil Prices Rise as Prospects for U.S.-Iran Peace Deal Fizzle

Oil prices rose and stock futures ticked down as investors reacted after the two sides failed to agree on a U.S.-Iran peace deal.

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Business news • May 11

Cargill CEO part of Trump entourage traveling to China

President Donald Trump's trip to China to meet with President Xi Jinping this week will include a Minnesota business presence, with Cargill CEO Brian Sikes...

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Business news • May 11

First wave of tariff refunds will hit some businesses tomorrow

The first wave of tariff refunds will reach some American businesses' bank accounts Tuesday, according to U.S. Customs and Border Protection (CBP).

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Business news • May 11

Satya Nadella says the attempt to remove Sam Altman from OpenAI was ‘amateur city’

Microsoft chief executive Satya Nadella said the OpenAI board's abortive attempt to oust Sam Altman in 2023 was “amateur city” as he took the stand in the...

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Business news • May 11

Ex-OpenAI exec Sutskever says he spent a year gathering proof of alleged Altman dishonesty

Former OpenAI chief scientist Ilya Sutskever testified on Monday that he spent about a year gathering evidence for the ChatGPT maker's board that CEO Sam...

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Business news • May 11

Musk, Cook Set to Join Trump for Xi Summit, White House Says

The White House is inviting Tesla Inc.'s Elon Musk, Apple Inc.'s Tim Cook, Boeing Co.'s Kelly Ortberg and executives from other large companies to accompany...

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Business news • May 11

Microsoft Targeted $92 Billion Return on Early OpenAI Investment

Microsoft Corp. targeted a $92 billion return from its large early investments in OpenAI, a landmark arrangement that helped usher in the current AI era.

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Business news • May 11

Why Two Big Companies Just Cut Paid Family Leave

Deloitte and Zoom are among the employers reducing support for working parents, signaling a retreat from family-friendly benefits.

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Business news • May 11

Ilya Sutskever Says His OpenAI Stake Worth About $7 Billion

OpenAI co-founder and former chief scientist Ilya Sutskever said his stake in the ChatGPT maker is worth roughly $7 billion, making him one of the largest...

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Business news • May 11

The Tesla Model S and Model X Are Officially Dead As of This Past Weekend

Few cars changed the auto industry at large as much as the Model S upon its arrival in 2012.

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Business news • May 11

Can Chinese AI solve inequality? + How dementia comes for your bank account

You're reading a preview of the brand new newsletter from The Indicator from Planet Money. Once a week, we're curating our favorite stories and insights on...

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Business news • May 11

TSLA, NVDA, GOOGL: Michael Burry Says to Dump Tech Stocks Now

Closely followed investor Michael Burry is urging investors to reduce their holdings in technology stocks immediately because the market has reached...

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