Business news

Business news • Apr 29

Elon Musk casts his OpenAI lawsuit as a defense of charity

STORY: Elon Musk took the stand on Tuesday in a high-stakes trial over the future of OpenAI, casting his lawsuit against the ChatGPT maker as a defense of...

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Business news • Apr 29

Oakland’s Airport Can Use ‘San Francisco’ in Its Name Under Settlement

Oakland's airport may use “San Francisco” in its name under a new settlement agreement that ends a two-year trademark dispute between the neighboring...

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Business news • Apr 29

Australia reports lower-than-expected first-quarter inflation — but price rise highest in 2 years

The first-quarter inflation figure was lower than the 4.2% expected by economists polled by Reuters.

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Business news • Apr 29

S&P 500 futures are flat as Wall Street looks ahead to ‘Mag 7’ earnings and Fed decision: Live updates

Futures linked to the S&P 500 were flat Tuesday night as traders awaited quarterly earnings from four of the "Magnificent Seven" stocks, as well as the...

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Business news • Apr 29

FDA launches effort to speed up clinical trials, using AI

FDA announces cancer drug trials by AstraZeneca and Amgen will be monitored in real time, a test of how to shorten time interval between trial phases.

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Business news • Apr 29

Affordability Still Dominates Americans' Financial Worries

Inflation and the cost of energy, housing and healthcare lead the issues Americans cite as their top financial concerns, while a record share say their...

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Business news • Apr 28

Robinhood stock falls 8% after big earnings miss due to weak crypto trading revenue

While the trading platform's crypto revenue tanked 47% to $134 million, a record-breaking surge in prediction market bets helped push overall revenue up 15%...

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Business news • Apr 28

Philadelphia-area gas prices rise 15 cents overnight amid broader surge

PHILADELPHIA (WPVI) -- Gas prices across the Philadelphia region are climbing sharply, leaving drivers grappling with higher costs at the pump.

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Business news • Apr 28

Sam Altman and Elon Musk Sure Dislike Each Other

Elon Musk and Sam Altman are two of the most influential people in Silicon Valley, if not the world. Between the two of them, Musk and Altman run technology...

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Business news • Apr 28

How the UAE's departure from OPEC could impact oil markets

There seems to be little movement on the resumption of talks between the U.S. and Iran. There is also almost no movement through the Strait of Hormuz,...

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Business news • Apr 28

Oakland, California, airport can use 'San Francisco' in name after settlement

San Francisco has settled a two-year legal fight with its neighbor across the bay that will allow the city of Oakland to include “San Francisco” in its...

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Business news • Apr 28

Gas prices climb over $4 per gallon at some gas stations in Greater Cincinnati

A gallon of regular unleaded gasoline is now selling for $4.29 at some service stations in Greater Cincinnati. The price climb is being driven by...

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Business news • Apr 28

As US-Iran talks remain ‘stalled’, experts warn of ‘long-term disruptions’

With the two sides locked in a standoff, oil prices have continued to soar.

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Business news • Apr 28

Six Flags St. Louis to reactivate chaperone policy this weekend

Six Flags St. Louis will reactivate a chaperone policy this weekend, requiring all guests 16 and under to be accompanied by an adult at least 21 years old.

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Business news • Apr 28

OpenAI Trial Starts With Two Very Different Tales of a Company’s Early Years

On the first day of testimony in a landmark trial between Elon Musk and OpenAI's Sam Altman, two notably different tales were offered of how OpenAI evolved...

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Business news • Apr 28

Elon Musk Testifies That He Started OpenAI to Prevent a ‘Terminator Outcome’

Elon Musk and Sam Altman appeared in a federal courtroom together for the first time on Tuesday as they fight over OpenAI's decade-long evolution and what...

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Business news • Apr 28

Elon Musk Testifies of AI Risk at Trial, Says OpenAI Tried to ‘Steal’ a Charity

Opening statements in Musk's lawsuit offered differing views of his early financial support of OpenAI and its conversion to a for-profit company.

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Business news • Apr 28

First Vegas-style casino opens in New York City

New York City's first full-scale casino with live table games opened to gamblers more than a decade after New York voters approved an expansion of gambling.

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Business news • Apr 28

White House huddles with tech firms as Mythos raises cyber stakes

A range of tech and cyber companies are quietly meeting with the White House to discuss cybersecurity and artificial intelligence, including Anthropic's...

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Business news • Apr 28

Oracle Stock Is Paying the Price for OpenAI’s Failures

stock closed down Tuesday as its relationship with ChatGPT-developer OpenAI is under scrutiny again—and taking down much of the AI trade with it even though...

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