Business news

Business news • May 04

Baltimore bakery truck hit by United Airlines jet on New Jersey Turnpike, video shows

A United Airlines flight hit a Baltimore bakery truck on the New Jersey Turnpike as the jet was preparing to land at Newark Airport.

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Business news • May 04

Elon Musk’s Lawyers Ask OpenAI’s President Why He Is Worth $30 Billion

The legal team implied in a federal trial that Greg Brockman, OpenAI's president and co-founder, was driven by greed rather than building safe A.I..

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Business news • May 04

Oil eases on signs US is loosening Iranian closure of Strait of Hormuz

May 5 (Reuters) - Oil prices ​eased more than 1% on Tuesday after climbing by as much as 6% in the previous session on ‌signs the U.S. Navy is loosening...

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Business news • May 04

Asian Stocks Set to Fall as Gulf Tensions Lift Oil: Markets Wrap

Bond yields rose after the US and Iran exchanged fire, heightening Middle East tensions and stoking inflation concerns. The dollar strengthened.

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Business news • May 04

Investor Michael Burry Says Exited Entire GameStop Position

Famed investor Michael Burry sold his entire position in GameStop Corp. after the gaming retailer made an offer to buy e-commerce company eBay Inc. for...

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Business news • May 04

Paramount Making “Great Progress” on Warner Bros. Buy, Reaffirms Deal Close Timing

Paramount reported year-over-year growth in both revenue and adjusted EBITDA.

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Business news • May 04

At Least 2 Dead as Car Slams Into Crowd in Germany

The Pussycat Dolls are canceling the North American leg of their “PCD Forever” reunion tour, joining a growing number of musicians canceling tours,...

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Business news • May 04

GameStop shares fall 10% after CEO skirts questions over eBay acquisition details

Ryan Cohen said he didn't understand questions about how the video games retailer could afford its $55.5bn bid.

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Business news • May 04

The White House Is Considering Tighter Regulation Of New AI Models

The New York Times reports that the White House may create a new working group to oversee AI development. A federal review of new AI models ahead of their...

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Business news • May 04

Delta is canceling hundreds of flights due to crew and scheduling challenges, an internal memo shows

Delta is canceling hundreds of flights — far more than its rival airlines. An internal memo reveals crew and scheduling challenges.

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Business news • May 04

Trading Day: The oil, bonds tango

ORLANDO, Florida, May 4 (Reuters) - Oil prices jumped further above the $100-a-barrel mark on Monday as Iran controls the Strait of Hormuz, despite U.S....

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Business news • May 04

A Visual Breakdown of GameStop CEO Ryan Cohen's Bizarre Interview

At various moments of CNBC's interview with GameStop CEO Ryan Cohen, the hosts laughed, exhaled, or raised their eyebrows.

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Business news • May 04

Doris Fisher, co-founder of the Gap, dies at 94 in San Francisco

Doris Fisher, co-founder of the iconic clothing retailer Gap, which opened its first store on Ocean Avenue in 1969, died over the weekend in San Francisco...

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Business news • May 04

Gas prices rise to $4.46 per gallon and oil jumps as shippers stay out of Strait of Hormuz

Gas hit $4.46 per gallon Monday as oil futures jumped after three days of declines, increasing the Iran war's direct cost to U.S. consumers.

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Business news • May 04

Trump’s former AI czar says the quiet part out loud on the economy: ‘Stopping progress in AI would be equivalent to halting the US economy’

Trump's promises on a jobs revival has yet to materialize, but AI investment is soaring.

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Business news • May 04

California: State Farm violated law in handling of L.A. fire insurance claims

The Insurance Department found hundreds of violations by State Farm and calls for millions of dollars in penalties and a possible suspension.

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Business news • May 04

Beef Processors in Spotlight as DOJ Confirms Antitrust Probe

The US Justice Department confirmed it was investigating potential antitrust violations in the meatpacking industry amid soaring domestic beef prices and a...

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Business news • May 04

Why did Spirit fail? Too many passengers hated flying it

Lousy service, not the Iran war, killed Spirit Airlines. Spirit was doomed to fail because of mismanagement, deep financial problems, and – crucially – its...

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Business news • May 04

Just 11 States Still Have Gas Below $4 as Prices Keep Rising—See Your State Average

As prices at the pump continue to climb nationwide, sub-$4 gas is becoming harder to find. See which states are now the most and least expensive.

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Business news • May 04

Musk threatened to turn OpenAI's Altman and Brockman into 'most hated men in America' ahead of trial

Elon Musk threatened to make OpenAI (OPAI.PVT) CEO Sam Altman and president Greg Brockman “the most hated men in America,” just before his lawsuit against...

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