Business news

Business news • May 29

The ‘Three A’s’ are keeping the economy afloat during Iran war. Is it enough to avoid recession?

The U.S. economy may be more fragile than a raging bull market suggests.

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Business news • May 29

The China surprise: How it has kept a lid on global oil prices

China has pulled off probably the biggest surprise of the Iran war — and it's confounding commodity analysts. Why it matters: Since the start of the...

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Business news • May 29

Anthropic Leapfrogs OpenAI In Valuation. But Here's One Thing To Know.

OpenAI and Anthropic are expected to launch IPOs, perhaps in 2026. Google stock could be pressured as its AI rivals build bigger war chests.

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Business news • May 29

Universal Music Group Rejects Bill Ackman’s $65 Billion Bid That ‘Undervalues’ Firm

Universal Music Group on Friday rejected a $65 billion takeover offer from Bill Ackman's Pershing Square Capital, arguing the bid “undervalues” the music...

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Business news • May 29

Oil market nearing a breaking point, Exxon executive warns

An Exxon executive warned Middle East supply disruptions could ripple beyond gas prices, affecting diesel, food, plastics and shipping.

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Business news • May 29

Dell’s stunning 33% stock rally gave a big boost to shares of other server makers

Dell's blowout earnings report is highlighting how the AI buildout is also driving demand for old-school computing.

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Business news • May 29

Universal Music Group Rejects $65 Billion Buyout Offer From Bill Ackman

Biggest shareholder argued bid undervalues world's largest music company.

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Business news • May 29

Blue Origin explosion threatens to delay NASA's moon program

Blue Origin assess the impact of Thursday's New Glenn explosion, prompting concern about NASA moon program delays.

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Business news • May 29

Universal Music Group Rejects Bill Ackman’s $64B Takeover Proposal: “It Fundamentally and Materially Undervalues UMG”

UMG has rejected Bill Ackman and Pershing Square's $64 billion proposal to acquire the world's largest music company.

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Business news • May 29

Software stocks are crashing up. Here are the winners

The rally in software stocks has gone from recovery to raging bull market, and traders are betting there's more to come.

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Business news • May 29

UnitedHealthcare defrauded MassHealth of $100M, AG Campbell alleges

Attorney General Andrea Campbell sued UnitedHealthcare Insurance Company on Friday, accusing the insurer of misclassifying the conditions of elderly members...

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Business news • May 29

Palantir Stock Is Having Its Best Day in a Year. Software Looks Like a Buy Again.

was having its best day in more than a year on Friday as a rebound in software stocks lifted shares of the beleaguered company.

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Business news • May 29

Damage to Blue Origin Launch Complex 36 as seen from the air

Aerials of damage to Blue Origin's facilities at Launch Complex 36 on Cape Canaveral Space Force Station, FL May 29, 2026. The New Glenn rocket exploded...

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Business news • May 29

Tech companies desperately want to film you doing chores

This week, an AI training startup called Shift said it would clean New Yorkers' homes for free. It has plans to expand into other cities as well,...

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Business news • May 29

Company Blew $500M On Claude AI In One Month Due To No Usage Limit On Licenses For Employees

Enterprise AI spending disaster unfolds as anonymous company burns $500M on Claude in one month due to unlimited employee access and poor governance...

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Business news • May 29

Mercedes-Benz may be shut out of U.S. market under bill aimed at Chinese automaker ownership

Mercedes-Benz's largest individual shareholder is BAIC, a Chinese state-owned automaker. Sources told CNBC that exemptions in the legislation would not...

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Business news • May 29

U.S. CFTC opens crypto 'perp' door with first approvals at Kalshi, Coinbase

The Commodity Futures Trading Commission has now established a stance on how regulated U.S. firms can engage in crypto perpetual futures contracts.

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Business news • May 29

Trump claims he's making food more affordable but his examples ignore the big picture

In a Truth Social post on Wednesday, the president proclaimed “TRUMP'S MAKING FOOD AFFORDABLE," and cited falling prices for a range of groceries,...

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Business news • May 29

Here’s Why the New Ferrari And Mercedes-AMG Electric Sedans Are So Controversial

The Ferrari Luce debuted a week after the 2027 Mercedes-AMG GT 4-Door, and both are controversial for similar yet distinct reasons.

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Business news • May 29

Oil prices tumble nearly 20% in May — the biggest monthly drop since 2020. Here’s what’s next.

Global oil prices tumbled over 20% in May on hopes for the U.S.-Iran peace deal.

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