Business news

Business news • May 03

Big Tech Earnings Show Split Between AI Trade Winners and Losers

(Bloomberg) -- The world's biggest technology companies posted strong earnings last week, showing that the artificial intelligence boom is alive and well.

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Business news • May 03

OPEC Signals Unity After U.A.E. Exit With Pledge to Boost Oil Output

OPEC sought to project a united front Sunday, agreeing to a symbolic increase in oil output just days after the bombshell departure of the United Arab...

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Business news • May 03

Powerball winning numbers: Texas ticket hits jackpot

AUSTIN, Texas — Texas has a Powerball jackpot winner! A ticket sold in Leander for the Saturday, May 2 drawing matched all five numbers plus the Powerball...

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Business news • May 03

OPEC+ agrees third oil output quota hike since Hormuz closure

LONDON, May 3 (Reuters) - OPEC+ agreed on ‌Sunday a modest oil output hike for June, an increase that will remain largely on paper as long as the Iran war...

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Business news • May 03

My mom paid $200,000 to build an addition onto my home and moved in. It's paid off in unexpected ways.

My mom built an addition onto my house so she could live with us and remain independent. Our multigenerational setup even boosted our home's value.

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Business news • May 03

OPEC+ announces 188,000 barrels-per-day output increase in first meeting without UAE

Concerns around production were amplified further last week with news of the UAE's shock departure.

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Business news • May 03

America's debt just hit a milestone not seen since WWII — and credit agencies are sounding the alarm

The U.S. is now unmatched in a regrettable category. Among rich and spend-happy nations that are globally seen as safe investments, the U.S. beats out the...

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Business news • May 03

He recorded his quest for tariff refunds. It shows why billions may never get repaid

After the Supreme Court struck down most of President Trump's tariffs, Richard Brown began lining up the paperwork he needed to get his refund.

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Business news • May 03

He beat Elon Musk in court once. Sam Altman hired him to do it again.

When Sam Altman needed someone to beat Elon Musk in court, he hired a lawyer who had done it once before: William Savitt.

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Business news • May 03

2 Reasons GameStop Should Buy eBay, 1 Reason It Won't

Are rumors of GameStop (NYSE: GME) going big game hunting finally coming true? The Wall Street Journal is reporting that the video game retailer is...

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Business news • May 03

US households could be in for a second wave of Iran war inflation that hits more than just gas

Consumers are in for a rude awakening from the what one expert is calling the second wave of inflation caused by the Iran war. The impact of the war on...

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Business news • May 03

These Countries Embrace E.V.s to Avoid Oil Price Shocks

People in Costa Rica and other Latin American, Asian and African countries are increasingly buying electric vehicles to avoid spiking fuel prices.

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Business news • May 03

The Clearest Sign yet Google Employees Are Losing Power

On April 27, more than 600 Google employees signed a letter urging CEO Sundar Pichai to prevent the Pentagon from using the company's AI products for...

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Business news • May 03

Pro Tour Secrets of Strixhaven Day Two Highlights

When Pro Tour Secrets of Strixhaven opened on Friday, it was ushered in by the reigning Pro Tour champion: Christoffer Larsen, the great Dane who put...

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Business news • May 03

Elizabeth Warren blasted for cheering blocking of merger that might have saved Spirit Airlines

Sen. Elizabeth Warren, D-Mass., is under fire after Spirit Airlines abruptly shut down, with critics citing her claim that blocking a merger that could have...

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Business news • May 03

Investors pile into clean power as Iran war drives push for energy security

Renewables funds attract biggest flows for 5 years, as focus shifts from climate change to geopolitical crisis.

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Business news • May 03

Spirit Airlines shutting down after failed effort at government rescue deal

Spirit Airlines announced early Saturday morning that it was ceasing operations after the budget carrier failed to secure a $500 million federal bailout.

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Business news • May 03

Spirit Airlines passengers and employees reel in aftermath of the South Florida airline's closure

The only thing left of Spirit's headquarters in Fort Lauderdale-Hollywood Airport is its former terminal, terminal 4, with its empty desks and ticket...

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Business news • May 03

Houston flight attendants among thousands impacted by Spirit Airlines collapse

HOUSTON — Spirit Airlines abruptly shut down operations early Saturday, ending 34 years in business and leaving thousands of employees without jobs.

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Business news • May 03

Berkshire Hathaway Earnings: Cash Hits Record $380 Billion on Stock Sales and Solid Q1 Results

We think Berkshire Hathaway stock is moderately undervalued.

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