Business news

Business news • May 28

Meta’s mass layoffs hit nearly 3,200 Bay Area workers, among region’s worst job losses in years

Meta's 10% workforce reduction affected at least 3,196 Bay Area workers, according to additional state filings that showed one of the region's biggest job...

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Business news • May 28

Caesars Entertainment, a Las Vegas Strip icon, is sold for nearly $6 billion

LAS VEGAS (AP) — Billionaire hospitality mogul Tilman Fertitta is acquiring Caesars Entertainment for almost $6 billion, a merger that would create one of...

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Business news • May 28

The seller of a $2.9 million San Francisco home is accepting payment in Anthropic or OpenAI stock

The listing for a newly restored three-bedroom home captures San Francisco's AI-fueled real estate frenzy in one line.

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Business news • May 28

STB Accepts UP-NS Revised Merger Application; Delays Proceedings (Updated May 29 with Responses)

The Surface Transportation Board on May 28, 2026 announced its unanimous decision accepting for consideration the revised major merger application filed...

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Business news • May 28

‘Trump accounts’ app launches to manage $1,000 federal investment per child

The Trump administration launched an app for managing child investment accounts Thursday, according to Treasury Department officials, which will start being...

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Business news • May 28

Oil Edges Lower at Open on Tentative Deal to Extend Iran Truce

Oil fell as the US and Iran tentatively agreed to extend a ceasefire by 60 days, with Brent set for the biggest monthly drop since 2020 on optimism that...

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Business news • May 28

Dell Stock Soars 33% as Earnings Blow Past Wall Street Expectations

Dell shares skyrocketed Friday, adding to their recent record highs, after the server maker posted better-than-expected results and lifted its outlook on...

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Business news • May 28

Dell Stock Soars 39% as Earnings Blow Past Wall Street Expectations

Dell shares skyrocketed in extended trading Thursday, adding to their recent record highs, after the server maker posted better-than-expected results and...

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Business news • May 28

67 million kids haven’t signed up for ‘Trump accounts.’ Here’s what they could be missing out on.

Nearly 6 million American children have been signed up for “Trump accounts,” but millions more are eligible — and they could be leaving free money on the...

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Business news • May 28

Modernizing the Arsenal of Freedom: DoW Awards $9.7B Microsoft Enterprise Agreement to Pow

The Department of War awarded a Core Enterprise Technology Agreement to Dell Federal Systems for Microsoft services to strengthen the department's digital...

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Business news • May 28

FDA vaccine advisers recommend updating COVID shots

Food and Drug Administration advisers on Thursday recommended updating next season's COVID vaccines to target the dominant XFG variant, despite concerns...

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Business news • May 28

9 ‘Hidden’ Space Stocks Haven’t Joined SpaceX IPO Bubble Yet

Rocket Lab and AST SpaceMobile have surged as investors bet on the next phase of the space economy. But aerospace giants including Boeing, Airbus,...

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Business news • May 28

Richmond Costco sold plants infested with insect that could devastate food crops, wine industry

The Contra Costa County Department of Agriculture is warning consumers to be on the lookout for an invasive insect — the glassy-winged sharpshooter — that...

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Business news • May 28

Anthropic Rockets to $965 Billion Valuation, Topping OpenAI in AI Showdown

Latest $65 billion fundraising round led by Altimeter Capital, Dragoneer, Greenoaks and Sequoia Capital.

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Business news • May 28

Costco Tops Sales Views But Earnings, Membership Numbers Fall Short

Costco topped revenue forecasts late Thursday, bolstered by higher comparable sales and membership fee income. But earnings for the wholesaler came in below...

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Business news • May 28

Autodesk to acquire MaintainX, advancing unified platform in operations

May 28, 2026 — Autodesk, Inc. (NASDAQ: ADSK) today announced it has entered into a definitive agreement to acquire MaintainX, a leading modern maintenance...

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Business news • May 28

Micron, Sandisk Score Price-Target Hikes Amid Record Climbs

Memory-chip makers Micron and Sandisk scored price-target hikes from Wall Street analysts on Thursday. Both stocks are at record highs.

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Business news • May 28

Anthropic's valuation surges to $965 billion, surpassing OpenAI

May 28 (Reuters) - Anthropic said on Thursday it has raised $65 billion at a post-money valuation of $965 billion, as it aims to ​bolster computing capacity...

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Business news • May 28

Oil prices dip amid reports of tentative US-Iran deal

Oil prices dipped Thursday amid reports that the U.S. and Iran had reached a tentative deal to extend their ceasefire and reopen the Strait of Hormuz.

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Business news • May 28

Americans are spending faster than their income is growing

Americans are burning through their financial cushion at an accelerating pace, spending faster than their income is growing, as the energy shock from the...

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