Business news

Business news • May 31

Wall Street may have solved a nagging mystery in global oil markets as doomsday scenarios have yet to arrive

China has quietly emerged as the global oil market's stealthy swing consumer, potentially holding off doomsday a while longer.

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Business news • May 31

Oil rises, U.S. stock futures inch higher as Wall Street looks to extend its winning streak

U.S. stock-index futures rose slightly on Sunday, as Wall Street looks to stretch the market's record-setting rally into June.

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Business news • May 31

Oil Climbs as US-Iran Ceasefire Remains Elusive: Markets Wrap

Stocks rose to a record as investors doubled down on the artificial intelligence trade that's powered equities to all-time highs. Oil climbed as a US-Iran...

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Business news • May 31

Ferrari Luce Redesign Delivers The Exotic Look Fans Missed

TheSketchMonkey offered his own redesign of the Ferrari Luce amid ongoing criticism of its styling.

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Business news • May 31

Wall Street Risk Rally Powers Past War Stalemate

Three months into the Iran war, it has become all but impossible to damp the bullish spirit driving global markets for risky assets.

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Business news • May 31

The Iran War's First 90 Days Upended Energy Markets

Global inventories are falling rapidly as the world has already lost roughly 1 billion barrels of crude and condensate supply, while shortages are beginning...

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Business news • May 31

United Airlines flight to Spain pulls U-turn, apparently over Bluetooth device name

The flight to Palma de Mallorca diverted back to Newark late on Saturday. Air traffic audio and social media posts indicate an onboard Bluetooth device...

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Business news • May 31

US takes step to halt Nvidia AI chip shipments to Chinese firms outside China

The unexpected guidance suggests that the United States' best AI chips may have been making ​their way to the subsidiaries of Chinese AI firms.

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Business news • May 31

Trump praised IBM's 'legend' CEO, government floated a $1B quantum award — is the stock still a 'very nice price'?

At a December White House roundtable, Trump called IBM's chief 'a legend' and praised the stock's 'very nice price.' Months later his administration floated...

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Business news • May 31

Apollo's chief economist says he sees 'zero evidence' of AI-related job losses, even as CEOs cite the tech in layoffs

Apollo Global Management's chief economist Torsten Sløk says the AI boom is creating more human jobs, not eradicating them.

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Business news • May 31

JPMorgan doubles down on stock market message for 2026

JPMorgan CEO Jamie Dimon called markets exuberant but not bad at the Reagan forum. Here is what he said about inflation, credit spreads, and stock market...

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Business news • May 31

Fire blamed for suspended service on multiple NJ Transit rail lines

A fire at NJ Transit's Rail Operations Center in Kearny caused rail service to be suspended on 10 of the agency's 11 rail lines for an hour Sunday afternoon...

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Business news • May 31

Nvidia’s $150 billion bet trumps AMD

Nvidia's latest move is massive and puts rival AMD in a tough spot to keep up.

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Business news • May 31

Texas is becoming America Inc’s centre of gravity

Texas is establishing itself as America's new business centre, attracting companies from oil giant ExxonMobil to tech firms with low taxes and abundant...

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Business news • May 31

Nearly 100,000 Honda vehicles recalled over airbag issues

Honda is recalling nearly 100000 vehicles due to airbag complications, according to the National Highway Traffic Safety Administration.

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Business news • May 31

TechCrunch Mobility: It doesn’t matter that people hate the Ferrari Luce

Welcome back to TechCrunch Mobility, your hub for the future of transportation and now, more than ever, how AI is playing a part.

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Business news • May 31

It’s not just tech stocks: The broad-based strength of the market right now gives investors reason to stay the course

While tech is still leading the party, more parts of the market are starting to join in.

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Business news • May 31

Desire for privacy is slowly killing this symbol of the American Dream

A white picket fence in the front yard once signified middle-class neighborliness. But hardly anyone buys them anymore.

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Business news • May 31

Former Barclays CEO Jes Staley agrees to July 23 interview about Jeffrey Epstein by Oversight panel

Jes Staley has agreed to be interviewed on July 23 by the House Oversight and Government Reform Committee about his late friend, the sex offender Jeffrey...

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Business news • May 31

'Rockets are hard': Elon Musk responds to Jeff Bezos' rocket explosion as his own SpaceX glides to a $1.8T IPO

Blue Origin's New Glenn rocket exploded during a hot-fire test, and Elon Musk had some thoughts about it as SpaceX heads toward what could be the biggest...

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