Business news

Business news • May 06

IonQ Reports Smaller-Than-Expected Loss, Revenue Tops Estimates Amid Acquisitions

IonQ stock wavered after the quantum computing firm reported a smaller-than-expected Q1 loss while revenue beat estimates.

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Business news • May 06

FanDuel to Give Exiting CEO Amy Howe $4.37M Severance

FanDuel will pay Amy Howe $4.37 million severance—more than four times her annual base pay—after she was left go as CEO on Wednesday.

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Business news • May 06

1 dead, 2 injured in car crash into Kroger in DeKalb County

A car crashed into a Kroger in Decatur on Wednesday, and multiple emergency vehicles have responded to the scene.

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Business news • May 06

A Kid With a Fake Mustache Tricked an Online Age-Verification Tool

To stop children from bypassing its age checks, Meta is revamping its age-verification tools with an AI system that analyzes images and videos for “visual...

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Business news • May 06

Why gasoline costs 52% more in the US than it did before the Iran war

The price of a gallon of regular gasoline in the U.S. has climbed 31 cents in the past week and is now 52% higher than before the Iran war began.

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Business news • May 06

Warner Bros. Posts Wider-Than-Expected Loss. The Stock Slides.

Media companies across the board are seeing a fundamental change in how customers watch TV. Disney has found a way to capitalize on it.

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Business news • May 06

‘A watershed moment’: A pancreatic cancer drug is set to transform treatment

Patients — and their doctors — have been desperate for a more effective pancreatic cancer treatment for decades. Now one appears to be within reach.

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Business news • May 06

In OpenAI trial, former technology chief says Altman sowed 'chaos,' distrust among top executives

SAN FRANCISCO, May 6 (Reuters) - A former OpenAI technology chief testified on Wednesday ‌in Elon Musk's lawsuit that CEO Sam Altman sowed distrust among...

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Business news • May 06

Insurance startup Corgi hits $1.3B valuation 4 months after its Series A

Corgi announced on Wednesday a $160 million Series B, led by TCV, valuing the startup at $1.3 billion.

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Business news • May 06

Will Elon Musk win his lawsuit against Sam Altman's OpenAI? Here's what prediction markets think

Elon Musk's odds for winning his multibillion-dollar lawsuit against OpenAI tumbled from 60% when the trial started to as low as 34% following his testimony...

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Business news • May 06

With eBay Bid, GameStop C.E.O. Baffles His Fans and Wall Street

Investors questioned Ryan Cohen's latest gambit after he gave an evasive CNBC interview and a once-loyal supporter sold his GameStop shares.

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Business news • May 06

Oil plunges, markets surge on report U.S. and Iran are near deal to end war as gas prices jump past $4.50

The price of oil plunged and stocks surged after a new report said the U.S. believed it was nearing a deal to end the war with Iran.

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Business news • May 06

AMD stock soars on Q1 earnings beat, better-than-expected outlook amid strong AI chip demand

AMD (AMD) reported its first quarter results after the bell on Tuesday, beating analysts' expectations on the top and bottom lines and topping Wall Street's...

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Business news • May 06

Warner Bros. Discovery books $2.9 billion net loss tied to Paramount deal, restructuring costs

Paramount agreed to pay a Netflix termination fee, but the cost lives on WBD's books until the close of the deal.

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Business news • May 06

How David Sacks crashed and burned in the White House

The Trump administration pulled a 180 on AI oversight, inducing Sacks' worst nightmare: more government regulation on technology.

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Business news • May 06

Anthropic’s Deal With SpaceX Exposes a Potential Problem for Elon Musk’s xAI

The partnership with SpaceX gives Anthropic access to more than 300 megawatts of capacity at SpaceX's Colossus 1 data center.

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Business news • May 06

WBD Sees $2.9 Billion Q1 Loss On M&A Charges Including Termination Fee Paramount Paid Netflix

Warner Bros. Discovery posted a $2.9 billion Q1 loss that will likely be a one-time accounting blip, it hopes. It includes the termination fee Netflix paid...

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Business news • May 06

Warner Bros. Discovery Lost $2.9 Billion in March Quarter — But That’s Mostly the Netflix Breakup Fee

Warner Bros. Discovery lost $2.9 billion in the first quarter. But there's an explanation for that.

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Business news • May 06

Warner Bros. Discovery Saw Q1 Streaming, Studios Boosts, But Paramount Deal Spurs Large Loss

Warner Bros. Discovery's deal to be acquired by Paramount Skydance is supposed to create a behemoth of a company that includes everything from the CBS...

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Business news • May 06

Elite M&A Lawyers Fed Massive Insider-Trading Ring, US Says

Lawyers from top mergers and acquisitions firms provided tips on some of the biggest deals of the last decade to an insider trading ring that made tens of...

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