Business news

Business news • May 07

Exclusive: Oil-price bets ahead of Iran war news totalled $7 billion, reporting shows

LONDON, May 7 (Reuters) - A series of well-timed market bets on falling oil prices totalling as much as $7 billion during March and April spread across...

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Business news • May 07

Here's what to expect from Friday's release of the April jobs report

When the Bureau of Labor Statistics releases its job count for April on Friday morning at 8:30 a.m. ET, it's expected to show a gain of just 55,000.

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Business news • May 07

McDonald's sees weak start to Q2 as high gas prices dent consumer sentiment

McDonald's CEO Chris Kempczinski said on Thursday higher gas prices linked to the ​Iran war were disproportionately hurting low‑income consumers, as the...

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Business news • May 07

‘Trump’s roving censor’: Top Senate Democrats demand Brendan Carr end Disney review

A dozen senior Senate Democrats, including Minority Leader Chuck Schumer, on Thursday demanded that FCC Chair Brendan Carr immediately rescind his order...

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Business news • May 07

Spirit Airlines passenger with dementia found dead after staff ‘abandoned’ him at airport, lawsuit says

Spirit Airlines is accused of abandoning an “unaccompanied and disoriented” senior citizen with dementia at a Texas airport, after which the man wandered...

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Business news • May 07

IMF warns new AI models risk ‘systemic’ shock to finance

The latest AI models pose a risk of “correlated failures” that could affect the financial system on a “systemic” level, the IMF has said,...

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Business news • May 07

AST SpaceMobile Pivots to SpaceX for Mid-June Launch of Three BlueBird Satellites

Following the recent loss of the BlueBird 7 satellite, AST SpaceMobile has announced plans to launch its next three BlueBird spacecraft aboard a SpaceX...

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Business news • May 07

Diesel prices squeeze US farmers ‘barely getting by’ amid tariffs and drought

US war with Iran drives diesel fuel prices up during spring planting season, 'hitting us at the wrong time', farmers say.

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Business news • May 07

Trump’s Iran war may stymie climate gains with boost to big oil, experts say

Windfall profits could lock in Trump-era political wins for the industry and slow clean-energy transition.

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Business news • May 07

60% of MD5 password hashes are crackable in under an hour

Happy World Password Day! Maybe it's finally time to kill this holiday in favor of World No-More-Passwords Day?

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Business news • May 07

Could Your Summer Flight Be Cancelled? Here’s What To Know As Jet Fuel Prices Surge

With the Strait of Hormuz closed for nearly 10 weeks, much of the world is running out of jet fuel and summer vacation plans could be disrupted,...

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Business news • May 07

Say Good-bye to Plane Snacks

As if we weren't facing enough indignities, Delta announced this week that flights under 350 miles will no longer get snack and beverage service.

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Business news • May 07

U.S. Debt Hits a Concerning Milestone, and Experts Say Trump’s Policies Could Worsen It

The U.S. government learned last week that it may have reached an unfortunate milestone: The size of its debt surpassed the nation's total economic output.

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Business news • May 07

Ryan Cohen's mysterious bank letter backing GameStop's eBay bid reveals a big issue with deal

The combined company would need to maintain an investment-grade credit profile, GameStop's mysterious financing letter said.

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Business news • May 07

Microsoft employees learn details of voluntary retirement package: Here's what the company is offering

Microsoft employees eligible for the company's first-ever voluntary retirement program learned the details Thursday, including cash payments of up to nine...

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Business news • May 07

Duke among 9,000 schools affected by Canvas cyberattack

Criminal extortion group ShinyHunters claimed Sunday that it had breached Instructure — the parent company of the online learning platform Canvas — and...

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Business news • May 07

Microsoft Layoffs 2026: US Voluntary Retirement, AI Impact & More

Microsoft Redundancies: Amidst the AI boom, Microsoft follows Google in offering enhanced retirement schemes to senior US staff.

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Business news • May 07

The Lexus TZ is a 3-row luxury EV SUV with 300 mi range, but it's missing something [Images]

Toyota's luxury brand, Lexus, introduced its first all-electric three-row SUV, set to go head-to-head with the Hyundai IONIQ 9, Volvo EX90, and Rivian R1S.

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Business news • May 07

The Messy, Humiliating Courtroom Drama Between Elon Musk and OpenAI

In January 2018, Greg Brockman, a co-founder of OpenAI, sent Elon Musk a lengthy memo about the future of the artificial intelligence lab, which was then...

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Business news • May 07

Blue Cross Blue Shield to pay $2.67 billion settlement. Who will see a check?

(Gray News) - Blue Cross Blue Shield has started sending settlement payments from a $2.67 billion class action lawsuit. A class action lawsuit filed in 2013...

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