Business news

Business news • May 07

AI emerges as a top cause of layoffs, accounting for 26% of April's job cuts

New data shows artificial intelligence is the most cited reason for layoffs, even as economists debate whether it is truly displacing workers.

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Business news • May 07

Coinbase Swings to a Loss While Posting Another Revenue Drop

Just days after announcing deep job cuts and an artificial-intelligence push, Coinbase Global Inc. showed how tightly its fortunes remain tied to crypto...

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Business news • May 07

California farmers will destroy 420,000 peach trees after Del Monte closes canning facilities

For many warm weather fruit lovers, the prospect of unlimited ripe and rosy peaches is mouth-watering. For Central California farmers, it's more of a waking...

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Business news • May 07

How Elon grew to love Anthropic

Elon Musk's surprise Anthropic deal allows him to accomplish two things at once: turn unused compute into revenue before an expected SpaceX IPO next month...

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Business news • May 07

GameStop CEO's eBay account has been reinstated after it was suspended for 'suspicious activity'

CEO Ryan Cohen listed his "stuff" on eBay in a publicity stunt tied to GameStop's efforts to acquire the company. Then, his account got flagged.

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Business news • May 07

CoreWeave signals higher capex as component costs rise, shares fall

CoreWeave Inc raised the lower end of its annual capital expenditure forecast on Thursday, citing a rise in the prices of components, sending the cloud...

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Business news • May 07

CoreWeave Reports Strong First Quarter 2026 Results

LIVINGSTON, N.J.--(BUSINESS WIRE)--CoreWeave, Inc. (Nasdaq: CRWV), The Essential Cloud for AI™, today reported financial results for the first quarter ended...

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Business news • May 07

Dozens Charged With Insider Trading. FBI Says They Made Out ‘Like Bandits.’

Authorities are charging 30 defendants connected with an alleged large-scale insider trading scheme that operated for a decade.

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Business news • May 07

Mira Murati’s deposition pulled back the curtain on Sam Altman’s ouster

Thanks to Musk v. Altman, the public is getting a concrete look at details of Sam Altman's ouster from OpenAI, much of it centered on former CTO Mira...

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Business news • May 07

Elon Musk called Anthropic ‘evil’ 3 months ago. Now he’s taking $4 billion to become its data landlord

He who controls the data center, really does control the application of artificial intelligence right now.”

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Business news • May 07

Datadog Stock Soars After Earnings. Why It’s a Software Bright Spot.

Datadog, the software company, reports better-than-expected earnings and revenue for the first quarter.

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Business news • May 07

$60,000 CD vs. $60,000 high-yield savings account vs. $60,000 money market account: Which earns more interest now?

If you have a large five-figure amount of money, such as $60,000 in the bank right now, you may be thinking about how you can protect that principal and...

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Business news • May 07

How a mother of Elon Musk’s children became a key witness in his lawsuit against OpenAI

Shivon Zilis was an under-the-radar executive at Elon Musk's companies and an OpenAI board member back in 2022. But she was hiding a major secret – Musk was...

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Business news • May 07

Elon Musk’s lawsuit is putting OpenAI’s safety record under the microscope

Elon Musk's legal effort to dismantle OpenAI may hinge on how its for-profit subsidiary enhances or detracts from the frontier lab's founding mission of...

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Business news • May 07

eBay bans GameStop CEO’s account after he started listing store signs and old carpets to fund his $56 billion offer to buy the marketplace

Michael Burry dumped his GameStop shares over the eBay dealing, warning "never confuse debt for creativity.”

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Business news • May 07

Internal Microsoft document spells out the company's buyout offer

Microsoft released details of its buyout offer for long-serving employees in an internal document viewed by Business Insider.

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Business news • May 07

The OpenAI Trial Is Exposing a Brutal Truth About Workplace Texts

Sam Altman and Mira Murati texts, revealed in the Musk v. Altman trial, are a reminder of the risks of putting sensitive info in writing.

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Business news • May 07

Kalshi doubles valuation in 5 months, hitting $22B

Prediction market startup Kalshi has raised a $1 billion Series F round led by Coatue.

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Business news • May 07

Shell Reports Nearly $7 Billion Profit After Oil Prices Surged Amid U.S.-Iran War

The oil giant's earnings in the first three months of the year were more than double the previous quarter's and follow similarly strong results of European...

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Business news • May 07

Airport Left With No Commercial Flights After Spirit Airlines Collapse

The collapse of Spirit Airlines last weekend immediately led to a mass cancellation of its flights and left over 15,000 people unemployed, but there will be...

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