Business news

Business news • Apr 30

Oil prices extend gains as US-Iran war deadlock keeps supply off market

Oil prices extended gains on Thursday on concerns supply from the key Middle East producing region will remain bottled up for longer as talks to end ​the...

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Business news • Apr 30

Musk casts himself as AI's good guy in testimony vs. OpenAI

Elon Musk portrayed himself in court this week as a leading advocate for AI safety — in contrast to what he described as the profit-consumed OpenAI that...

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Business news • Apr 30

Meta shares slide as investors weigh Big Tech's AI spending spree

Meta, Amazon, Alphabet and Microsoft all reported earnings at the same time on Wednesday.

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Business news • Apr 30

Meta Reports Big Revenue Jump and Projected Spending Increase

Sales grew 33% in the first quarter to $56.3 billion, but company raises capex outlook as component prices rise.

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Business news • Apr 30

Elon Musk’s worst enemy in court is Elon Musk

Elon Musk painted a heroic picture of himself yesterday. Today, on cross-examination, he willfully destroyed it.

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Business news • Apr 29

Satya Nadella says he’s ready to ‘exploit’ the new OpenAI deal

Microsoft gets to offer OpenAI's tech to its cloud customers and doesn't have to pay for it. "We fully plan to exploit it," Nadella said.

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Business news • Apr 29

Spirit Airlines rescue effort frustrates an industry waiting for it to fail

That's not an ideal outcome for the Trump administration, however. With the U.S. midterm elections looming, the White House hopes to avoid a messy...

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Business news • Apr 29

Alphabet Sales Beat Estimates on Google Cloud, AI Customers

Alphabet Inc. reported high demand for its cloud and artificial intelligence offerings, boosting shares and giving investors confidence that its...

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Business news • Apr 29

Powell plans to remain on Fed board, cites legal actions by Trump administration

Jerome Powell plans to remain on the board of the Federal Reserve after his term as chair ends next month “for an undetermined period of time,” saying the...

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Business news • Apr 29

Why Alphabet’s stock is the standout gainer on Big Tech’s monster earnings day

Alphabet, Amazon.com, Meta Platforms and Microsoft all beat earnings expectations on Wednesday, but investors are cheering Alphabet's momentum the most.

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Business news • Apr 29

United Airlines pilot reports possible drone collision 3,000 feet over San Diego

A United Airlines pilot arriving in San Diego on Wednesday morning reported encountering a drone thousands of feet in the air as the plane approached the...

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Business news • Apr 29

Meta earnings recap: Revenue beat estimates but stock tumbles as capex expected to reach up to $145B

Meta delivered a Q1 beat, with revenue of $56.3 billion that topped Wall Street estimates — but Wall Street looked spooked by rising capex spending.

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Business news • Apr 29

Microsoft Beats Fiscal Q3 Views On Cloud Computing, AI Strength

Microsoft beat Wall Street's targets for its fiscal Q3, thanks to strong AI and cloud computing business. Microsoft stock rose late.

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Business news • Apr 29

OpenAI trial recap: Musk cross-examination gets heated with Altman's lawyer on day 3

Elon Musk sued OpenAI, Sam Altman and Greg Brockman in 2024, claiming they reneged on their promise to keep the artificial intelligence lab a nonprofit.

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Business news • Apr 29

Chipotle reports surprise quarterly sales rise as menu refresh lifts demand

Chipotle Mexican Grill posted a surprise rise in first-quarter ‌comparable sales on Wednesday, as the burrito chain's cheaper offerings and revamped menu...

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Business news • Apr 29

Dow surges nearly 800 points, S&P 500 posts first close above 7,200 and best month since 2020: Live updates

Investors digested the latest quarterly reports from Amazon, Alphabet and other Magnificent Seven giants.

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Business news • Apr 29

Microsoft Expects Headcount to Decrease in Coming Quarters

Microsoft reported earnings on Wednesday, and CFO Amy Hood gave new forecasts, including a new outlook on headcount at the company.

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Business news • Apr 29

Alphabet Stock Jumps on Strong Earnings Report. It’s All About the Google Cloud.

Google-parent Alphabet reported strong first-quarter earnings results on Wednesday afternoon. Its stock was rising in after-hours trading.

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Business news • Apr 29

Stocks Hold Gains After Economic Data as Oil Falls: Markets Wrap

Signs of strength in the world's largest economy fueled investor optimism about the outlook for Corporate America's earnings, driving stocks to their best...

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Business news • Apr 29

Amazon Stock Bounces Back Following Positive Chip Demand Comments

Amazon.com stock was rising after initially losing ground in after-hours trading Wednesday following an earnings and revenue beat, as well as positive...

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