Business news

Business news • Apr 29

Why SoFi Technologies Stock Is Down So Much Today

Investors are looking past the bank's overall quarterly results, and are instead focusing on a handful of details that arguably shouldn't matter as much as...

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Business news • Apr 29

Costco makes rare change to popular hot dog combo

The popular $1.50 hot dog combo at Costco is going through a change - but don't worry, the price isn't going up.

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Business news • Apr 29

Meta stock drops on quarterly results as 'internet disruptions' in Iran drag down user numbers

Meta beat on revenue, but showed disappointing user numbers and its capital expenditures were below estimates.

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Business news • Apr 29

Alphabet ups 2026 capex to as much as $190 billion, expects to 'significantly increase' in 2027

Alphabet reported first-quarter earnings, posting booming cloud revenue and upping its full-year capex spend to as much as $190 billion.

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Business news • Apr 29

Ford raises 2026 guidance as $1.3 billion tariff refund assists in offsetting higher costs

Aside from earnings and any changes to the automaker's 2026 guidance, investors will be monitoring effects from the Iran war, tariffs and the pullback in...

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Business news • Apr 29

Musk lays out his souring relationship with OpenAI in a second day of testimony

Elon Musk sparred with OpenAI's attorney under cross examination on the second day of his testimony, as lawyers for both sides zeroed in on his souring...

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Business news • Apr 29

With the Met Gala, Jeff Bezos and Lauren Sanchez usher in a ‘new Gilded Age’

Like the Vanderbilts in 1883, the billionaire disruptors have forced their way into New York's fashion elite. And no one can ignore them … or their money.

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Business news • Apr 29

Uber is in the hotel business now, thanks in part to AI

Uber customers in the United States can now book hotels directly through the app, one of several new features announced Wednesday that pushes far beyond the...

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Business news • Apr 29

‘Thoughts and prayers’: The minefield that awaits Kevin Warsh at the Fed

Jerome Powell will likely preside over his final rate-setting meeting as chair on Wednesday, ending a turbulent period as central bank chief.

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Business news • Apr 29

F.D.A. Releases Results from Major Infant Formula Safety Study

When the Food and Drug Administration announced “Operation Stork Speed” in March 2025, it vowed to improve the safety and quality of U.S. infant formulas...

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Business news • Apr 29

Iran war: Brent oil briefly hits $119 as talks stall

The price of Brent crude oil has soared as Iran continues to block traffic through the Strait of Hormuz amid a US blockade on its ports.

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Business news • Apr 29

Families sue OpenAI over Canadian mass shooter's use of ChatGPT

Families of those injured and killed in a school shooting in Tumbler Ridge, British Columbia are suing OpenAI for negligence and providing a dangerously...

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Business news • Apr 29

Bill Ackman’s Pershing Square USA Sinks 16% After $5 Billion IPO

Shares of Bill Ackman's Pershing Square USA Ltd. plunged 18% in its debut after the combined initial public offering for the closed-end fund and his...

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Business news • Apr 29

JPMorgan’s Jamie Dimon says a credit-led recession would be ‘worse than people think’

JPMorgan Chase CEO Jamie Dimon says an economic downturn sparked by weakness in credit would encompass more than just the private credit segment and be more...

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Business news • Apr 29

Apple's new CEO Ternus likely to get earnings spotlight as strong results loom

Apple investors will be keen on getting a closer look at John Ternus as CEO of the iPhone maker on Thursday, ​when it reports quarterly results that Wall...

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Business news • Apr 29

How a Supreme Court fight over fish oil could raise your prescription drug costs

The justices are set to hear Hikma v. Amarin, a battle over drug patents that could raise costs for patients and change the way generic companies do...

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Business news • Apr 29

EU says Meta is failing to keep underage users off Facebook and Instagram

The European Union accused Meta on Wednesday of failing to stop underage users from accessing Facebook and Instagram, in violation of the bloc's digital...

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Business news • Apr 29

‘This is the beginning of the end of Opec’: can oil cartel survive UAE’s exit?

When the United Arab Emirates said on Tuesday it planned to leave Opec, threatening the global cartel's ability to survive, oil markets merely shrugged.

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Business news • Apr 29

Why UAE’s exit from Opec is good news for oil-thirsty Asia

Once free of Opec's production caps, the world's sixth-largest oil producer plans to flood the market with 5 million barrels a day.

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Business news • Apr 29

UAE to leave OPEC amid Hormuz oil crisis, a blow to Saudi Arabia

The departure weakens the Organization of the Petroleum Exporting Countries, long criticized by Trump, as the global economy reels from the Iran war energy...

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