Business news

Surging gas prices are hitting lower-income households harder, New York Fed study shows

Lower-income consumers are compensating for higher gas prices by buying less.

Americans are busy getting angry and throwing a fit about AI while the Chinese use it to book travel, order food and hail rides

On a recent weekday, around 50 people gathered outside the headquarters of a Chinese mobile internet company, waiting to get help with installing an...

Lower earners are cutting back on gas while wealthier Americans keep filling up

A new report from the Federal Reserve Bank of New York showed what higher prices at the gas pump mean for the K-shaped economy and low-income earners.

The Dow exits correction territory on the way back to 50,000. What fueled its recovery.

The Dow Jones Industrial Average closed Wednesday above the 49683-point threshold it needed to officially exit correction territory.

Same Shock, Different Roads? A K-Shaped Pattern at the Pump

A look at the recent surge in energy prices and how a K-shaped pattern emerged in gasoline consumption, with faster growth for high-income households.

Gasoline Surge Fuels a K-Shape Divide in US, Research Shows

The war-driven surge in gasoline prices has deepened a K-shape divide seen across the US economy, weighing disproportionately on lower-income households.

Is California at risk of a gasoline shortage amid the Iran war? Experts explain

Sky-high gasoline prices are hammering drivers across the United States as the Iran war chokes off global oil supply. California, however, may be feeling...

Trump’s surprise Iran move sends markets higher

A surprise move from the White House triggered sharp swings across markets.

Nvidia’s new deal with Corning validates one of the hottest AI trends out there

Optical components are increasingly in short supply, and Nvidia is partnering with key players to gain an edge.

Lucid Suffers A Net Loss Of $1 Billion In The First Quarter Of 2026

Good morning! It's Monday, May 4, 2026, and this is The Morning Shift, your daily roundup of the top automotive headlines from around the world,...

AirAsia places landmark order for 150 A220s

Malaysia's AirAsia has placed an order for 150 latest generation A220-300 aircraft.

BMW opens 2027 iX3 preorders starting at $61,500 with up to 434 miles of range

The 2027 iX3, BMW's first Neue Klasse vehicle, is now available to order in the US starting at $61,500. BMW's electric SUV delivers more range than expected...

Popular snack brand recalls these potato chips for salmonella risk

The recall was issued after the company learned that the chips' seasoning was made with a dry milk powder that may contain salmonella.

Rocket Companies Faces AI Driven Housing Split And Data Center Backlash

Redfin, powered by Rocket Companies, reports a sharp split in San Francisco Bay Area home prices post ChatGPT, with luxury zip codes rising while more...

New video shows view from Newark Airport as United jet hits truck on NJ Turnpike

The United flight was approaching Newark Airport when it happened. Security video shows what it looked like from the outside.

Disney+ Will Become 'Immersive, Interactive Digital Centerpiece' of the Company, CEO Josh D'Amaro Says

Fresh-in-the-saddle Disney boss Josh D'Amaro is pushing forward on an initiative already underway to make Disney+ the primary touchpoint for Mouse House...

Bank of America sends clear message on Palantir stock after earnings

Bank of America reiterated its Buy rating on Palantir after the AI software company posted blowout earnings and raised guidance.

Big Tech Buyouts: Strategic Staff Reductions and The Shift To Capital Investment -

The financial motivation for big tech buyouts at Microsoft and Meta is clear. The programs allow the employer to reset its balance sheet.

Lilly commits additional $4.5 billion across Indiana manufacturing sites, opens first dedicated genetic medicine facility

FDA announces its first approval of fruit-flavored e-cigarettes for adults in major shift under Trump

The Food and Drug Administration on Tuesday announced its first authorization of fruit-flavored electronic cigarettes intended for adult smokers.