Business news

Business news • May 01

Spirit Airlines Prepares to Shut Down as Rescue Deal Falls Apart

A $500 million government bailout falters as the discount carrier runs low on cash and bondholders balk.

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Business news • May 01

Big Oil CEOs Warn Energy Market Is Moving Closer to Cliff’s Edge

America's biggest oil companies are warning that global crude markets may be nearing an inflection point of higher prices the longer the Strait of Hormuz...

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Business news • May 01

Charlotte-based Atrium Health targets WakeMed in proposed combination

Atrium's proposed deal with WakeMed would extend the reach of the state's largest hospital system and raise new competition concerns.

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Business news • May 01

Jeff Bezos and Lauren Sánchez Hosting Met Gala Pre-Party (EXCLUSIVE)

Before Jeff Bezos and Lauren Sánchez Bezos make their debut as honorary co-chairs and lead financial sponsors of the Met Gala on Monday, the couple will...

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Business news • May 01

U.S. oil prices will exceed Iran wartime high to above $125 as conflict drags on, Kalshi traders say

The April 7 high of $113 in Western Texas Intermediate crude futures will likely be broken, traders on the prediction markets platform think.

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Business news • May 01

ExxonMobil Announces First-Quarter 2026 Results

Delivered first-quarter earnings of $4.2 billion, or $8.8 billion excluding unfavorable estimated timing effects of $3.9 billion and an…...

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Business news • May 01

A Chick-fil-A worker got fired and returned to allegedly refund himself over $80,000 in mac n cheese

The cheesy scheme allegedly netted a former employee over $80000 in fraudulent refunds.

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Business news • May 01

New Pittsburgh Post-Gazette owners making deep cuts to newsroom staff

The Pittsburgh Post-Gazette will shrink to just under half its current size under its new owners, Post-Gazette employees told 90.5 WESA on Friday.

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Business news • May 01

Exxon Mobil CEO expects higher oil prices due to Iran war: ‘The market hasn’t seen the full impact’

Oil prices do not currently reflect the full scale of the supply disruption triggered by the Iran war, Exxon CEO Darren Woods said.

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Business news • May 01

Yen Traders Alert After Japan’s $34.5 Billion Intervention

(Bloomberg) -- Yen traders are on watch for signs of further action by Japanese authorities after intervention triggered the currency's sharpest rally in...

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Business news • May 01

Chefs step in to save prominent Homewood restaurants as company struggles to survive

The two restaurants were part of the Pihakis Restaurant Group, which has seen several recent closures.

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Business news • May 01

Elon Musk’s Tesla Pay Package Valued at $158 Billion for 2025

The pay package was part of a stratospheric compensation plan approved by shareholders last year as a way to motivate Tesla's chief executive to spend more...

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Business news • May 01

Robotaxis Are Rolling Out Across America

Plus, the race to develop new hair-regrowth drugs and how Chinese humanoid robots are taking over.

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Business news • May 01

Pentagon Makes Deals With A.I. Companies to Expand Classified Work

The Pentagon announced on Friday that it had reached deals with some of the technology industry's biggest companies in an effort to expand the military's...

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Business news • May 01

The Big 4 Hyperscalers Are Spending $710 Billion on AI. Here’s the Stock That Profits Most

Nvidia (NVDA) reported data-center revenue surging 75% year over year to $193.7B, driven by demand from hyperscalers deploying Hopper and Blackwell AI...

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Business news • May 01

Mohamed El-Erian told us the challenges facing American exceptionalism in markets and the economy

Mohamed El-Erian says he thinks there's a "limit" to how much the US economy and market will be able to outperform the rest of the world.

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Business news • May 01

Musk Warns of Killer AI — While He and the Rest of Silicon Valley Cash In on AI That Kills

In his lawsuit against OpenAI, Elon Musk evoked a “Terminator” scenario. He said nothing about the people AI is already killing.

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Business news • May 01

Spirit Airlines Prepares to Shut Down After Trump Administration Bailout Falls Through

Spirit Airlines is preparing to shut down as early as 3 a.m. on Saturday after failing to strike a deal for a financial lifeline from the Trump...

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Business news • May 01

Profit for the biggest US oil companies declined in the first quarter, but only on paper

Profit for the two largest oil companies in the U.S. tumbled during the first quarter, a three-month period in which the price of crude and gasoline...

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Business news • May 01

California hits Tesla Cybercab and Robotaxi driverless cars with new law

California's DMV adopted new rules on April 29, 2026, allowing police to issue traffic citations to autonomous vehicles starting July 1.

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