Business news

Business news • May 06

Private payrolls rose by 109,000 in April, topping expectations, ADP says

Private companies added 109,000 jobs for the month, a step up from the 61,000 created in March and better than the Dow Jones consensus estimate for 84,000,...

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Business news • May 06

Inside the Debate About Adding Stocks to Trump Accounts

Trump administration officials are weighing a plan that would allow wealthy individuals to donate shares in their companies to the investment accounts.

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Business news • May 06

Trump's tariffs have done 'significant damage' to the U.S. economy, says Moody's chief economist

Economists now have more than a years' worth of data to pick over when it comes to the impact of Liberation Day tariffs. While some might argue the revenue...

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Business news • May 06

Diesel price spike raises stakes for Trump, GOP ahead of midterms

A surge in diesel costs is set to ripple through the U.S. economy, raising prices on everything from groceries to housing and adding new political risk for...

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Business news • May 06

The war with Iran is ‘over’ but the jet fuel crisis is about to begin

The world's oil supply will sink to just 98 days of demand by the end of May, according to new research from Goldman Sachs. Europe's jet fuel supplies are...

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Business news • May 06

Buc-ee’s sues Georgia competitor with ‘confusingly similar’ brand

In a fight over cartoon animal mascots, Texas-based convenience store chain Buc-ee's is suing Georgia competitor Teddy's Market for trademark infringement.

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Business news • May 06

What Happens After Companies Like Coinbase Eliminate 'Pure Managers'

Coinbase will cut 14% of staff and shift to AI-driven teams. Explore the unsettling yet efficient future of management without "pure managers."

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Business news • May 06

A trip to Europe? In this economy? Expensive flights keep vacations closer to home

Travel advisers are seeing Americans picking cheaper domestic travel destinations over Europe.

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Business news • May 06

Wall Street went to war with crypto. It’s losing.

Powerful Wall Street interests, long used to getting their way when Republicans control Washington, are on the brink of a stunning public defeat in the...

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Business news • May 06

In a first, FDA authorizes fruit-flavored vapes for adults

The move marks a shift after the FDA for years worked aggressively to regulate flavored vapes. The move came after President Donald Trump reportedly pressed...

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Business news • May 06

AMD: Server CPU revenue surpasses Intel for the first time, potential market doubles to $120 billion, but the true GPU boom is still in the second half of the year.

① Data center revenue of $5.8 billion surpasses Intel for the first time: Year-over-year growth of 57% to $5.8 billion, with server CPU revenue reaching a...

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Business news • May 06

Publishers sue Meta, claiming it violated copyrights in training AI with their books

The plaintiffs allege that Meta CEO and founder Mark Zuckerberg “personally authorized and actively encouraged” copyright infringement.

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Business news • May 06

Oil prices ease as US seeks reopening of the Hormuz Strait

Oil prices edged lower in early Wednesday trade in Asia after US President Donald Trump raised hopes for an agreement with Iran to end the war.

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Business news • May 06

GameStop Bid Puts eBay Valuation Governance And Marketplace Future In Focus

GameStop has made an unsolicited bid worth about $56b to acquire eBay (NasdaqGS:EBAY). eBay has confirmed it is reviewing the proposal while not yet...

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Business news • May 06

Barry Diller Wants To Buy CNN "Before They Ruin It Any Further": "Hopefully Before It's Extinct"

Barry Diller is weighing in on CNN and is open to buying the news organization before it's too late to salvage.

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Business news • May 06

Stock futures rise on renewed hopes for Iran deal; AMD gains after earnings: Live updates

Buoyed by solid earnings and lower oil prices, the S&P 500 and Nasdaq Composite both reached new intraday and closing highs on Tuesday.

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Business news • May 05

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

The Food and Drug Administration announced its first authorization of fruit-flavored electronic cigarettes intended for adult smokers, a major policy shift...

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Business news • May 05

‘I Actually Thought He Was Going to Hit Me,’ OpenAI’s Greg Brockman Says of Elon Musk

OpenAI's president wrapped his testimony on Tuesday by revealing a fiery meeting with Musk in 2017 and subsequent efforts to remove several board members.

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Business news • May 05

FDA approves some flavored vapes after reports of Trump pressure

The Food and Drug Administration (FDA) on Tuesday approved marketing for four flavored vapes made by the company Glas Inc. in what the agency says is an...

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Business news • May 05

“PAY OR LEAK”: Hackers Target Big Higher Ed Vendor

The criminal extortion group ShinyHunters breached Instructure last week. The hackers, who have also attacked individual universities, demanded the ed-tech...

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