Business news

Business news • May 29

Gas prices sink as oil set for 20% drop — largest one-month decline since 2020

Prices at gas pumps are starting to sink and oil is on track to drop 20% in May -- its largest one-month decline since 2020 -- as investors remain...

6 0 0

Business news • May 29

What’s Next for Blue Origin After Rocket Explosion

Jeff Bezos was gaining ground on Elon Musk's SpaceX and Starlink. Thursday's rocket explosion on a launchpad creates a major setback.

7 0 0

Business news • May 29

Stock Market Today: Dow Closes Above 51,000; Nasdaq, S&P 500 Make History (Live Coverage)

Stock Market Today: The Dow Jones index hit a high Friday amid U.S.-Iran deal hopes. Nvidia and Tesla see losses while Dell is a big winner.

7 0 0

Business news • May 29

The Lowest Consumer Sentiment EVER

Here's a chart for you: Consumer sentiment readings go all the way back to the early-1950s. The latest reading was the lowest on record.

7 0 0

Business news • May 29

Dell Soars Most Since 2018 on Outlook Fueled by AI Servers

(Bloomberg) -- Dell Technologies Inc. shares surged the most since the company returned to the public markets in December 2018, lifted by an outlook for...

6 0 0

Business news • May 29

Stocks Close Out a Strong May | Markets P.M. for May 29

This is an edition of the Markets P.M. newsletter, a recap of the day's most important markets moves, delivered after the closing bell.

6 0 0

Business news • May 29

Universal Music Group declines Bill Ackman takeover proposal

Universal Music ​Group's board on Friday unanimously rejected an unsolicited takeover proposal from ‌Bill Ackman's Pershing Square Capital Management...

7 0 0

Business news • May 29

Stocks Rally Continues on Peace Deal Hopes, AI Spending Optimism

Stocks climbed on Friday to close at a fresh record, boosted by hopes of a peace deal with Iran and expectations that spending on artificial intelligence...

6 0 0

Business news • May 29

Exxon Mobil 'approaching unheard-of inventory levels' as Iran war blocks oil trade

American and Iranian negotiators have been working toward a common ground that could lead to the reopening of the Strait of Hormuz.

6 0 0

Business news • May 29

Micron Joined The $1 Trillion Club With Its Blistering Rally This Week. Here's How Much Traders See It Moving Next Week

Micron shares soared this week, putting the memory chip maker in the $1 trillion market cap club for the first time.

7 0 0

Business news • May 29

Markets News, May 29, 2026: Indexes Close at Records as Dell Leads Tech Gains; S&P 500 Rises for 9th Straight Week

The three major U.S. equities indexes set fresh intraday and closing records Friday as Dell Technologies led the latest tech-stock advance and oil prices...

6 0 0

Business news • May 29

Meta lays off more than 2,000 from Menlo Park headquarters

New records show how many California workers were hit in the company's latest wave of cuts this year.

6 0 0

Business news • May 29

Oil records its biggest one-month drop in six years, bringing consumers some relief

The price of crude oil in May recorded its biggest one-month decline in six years, delivering some relief to consumers.

6 0 0

Business news • May 29

Stock market today: Dow, S&P 500, Nasdaq cap winning month with fresh records in AI-fueled rally as Trump nears Iran decision

US stock futures edged up as Wall Street cheered Dell's earnings and awaited an official update on US negotiations with Iran.

6 0 0

Business news • May 29

More Fed policymakers eye possible rate hike as inflation risks rise

By Michael S. Derby and Ann Saphir. May 29 (Reuters) - Federal Reserve officials continued on Friday to signal the U.S. central bank may need to raise...

7 0 0

Business news • May 29

Drag queen Pattie Gonia asks apparel company Patagonia to drop trademark infringement lawsuit

Drag queen and environmentalist Pattie Gonia asked the outdoor apparel company Patagonia to drop its trademark infringement lawsuit, saying it could lead to...

7 0 0

Business news • May 29

In farm country, an old American pickup truck becomes more than a workhorse

Pickup trucks were made for work. Until the first purpose-built ones rolled off American assembly lines in the early 20th century, people DIY-ed their own.

6 0 0

Business news • May 29

Music giant Universal rejects billionaire Bill Ackman's takeover bid

Universal Music Group, the entertainment giant behind acts such as Taylor Swift, Sabrina Carpenter and Kendrick Lamar, has rejected a takeover offer by...

6 0 0

Business news • May 29

The Apple Car Is Finally Here

Transportation has never been a Ferrari's real purpose. Sure, you can drive one—although not literally you, because you probably can't afford one.

7 0 0

Business news • May 29

Universal Music declines takeover offer from Bill Ackman’s Pershing Square

Universal Music's board has rejected billionaire Bill Ackman's €55bn takeover proposal, arguing it “materially undervalues” the company and is “not in the...

7 0 0