Business news

Business news • May 28

Asian shares decline and oil prices up more than $1 after US strikes on Iran

Shares are mostly lower in Asia after the U.S. conducted what the military said were defensive strikes against Iran.

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Business news • May 28

China Is Exporting Its Factories Across the World and Spooking the Competition

More Chinese companies could be coming to the U.S. after Trump and Xi agreed to establish 'board of investment'

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Business news • May 28

Salesforce turbocharges $25 billion stock buying spree with debt, cuts cash flow guidance in half

In the first quarter of fiscal 2027, Salesforce returned $27.5 billion to shareholders.

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Business news • May 28

Pope Leo checks out Ferrari's first all-electric car

STORY: :: Castel Gandolfo, Italy / May 26, 2026 :: Pope Leo gets behind the wheel of Ferrari's first all-electric car :: Ferrari chairman John Elkann...

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Business news • May 28

Meta Tests AI Subscriptions and Rolls Out New Paid Plans for Facebook, Instagram

Company seeks to supplement its advertising business as costs of AI buildout mount.

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Business news • May 28

Meta Puts Perks Behind Paywalls: New Subscription Tiers Across Facebook, Instagram, WhatsApp

Meta's premium push arrives, targeting everyday users, AI enthusiasts and professional creators.

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Business news • May 28

CNBC Daily Open: Oil falls on Iran peace hopes — then U.S. launches airstrikes

Oil prices fall more than 5% after Rubio says U.S. will give Iran talks 'every chance to succeed.' A U.S. official tells MS NOW on Wednesday that the...

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Business news • May 28

Asia shares take a breather as Gulf hostilities drag on

SYDNEY, May 28 (Reuters) - Asian shares turned hesitant on Thursday as news of a fresh U.S. military strike in Iran challenged investor optimism on a...

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Business news • May 28

Riding the volatility to renewed success! Bank of America (BAC.US) and JPMorgan Chase (JPM.US) trading divisions are expected to deliver another stellar quarterly performance.

MajorWall Street banks expect their trading divisions to deliver another strong quarterly performance.

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Business news • May 28

Exclusive | The Trump Administration Is in Talks to Fund U.S. Drone Companies

The Trump administration is pursuing funding deals with a group of drone companies as part of its effort to increase domestic production and lower the costs...

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Business news • May 28

Google engineer charged with insider trading after making $1.2M on Polymarket

The U.S. Justice Department charged Google software engineer Michele Spagnuolo with insider trading, alleging the employee made $1.2 million trading on...

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Business news • May 28

Robinhood’s A.I. stock traders are here, but should you trust them?

Robinhood is testing AI agents that can trade stocks and make purchases for users, raising new questions about trust and automation.

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Business news • May 27

French banker Pigasse emerges as key figure in Venezuela debt overhaul

Veteran French banker Matthieu Pigasse has emerged as a central figure in Venezuela's debt restructuring efforts after his firm Centerview Partners was...

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Business news • May 27

Rocket Lab and AST Short Squeeze: Space Stocks Mirror EV Bubble as SpaceX IPO Looms

Rocket Labs stock, AST SpaceMobile, Firefly, and other shares are going stratospheric ahead of SpaceX's mega IPO. But there are short seller red flags.

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Business news • May 27

Stocks in Asia to Slip on Mixed US-Iran Signals: Markets Wrap

Stocks and bonds fell while oil climbed after fresh attacks in the Middle East and conflicting signals from the US and Iran on a deal to end the war.

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Business news • May 27

Ferrari’s First Electric Car Runs Into Backlash in Italy and Beyond

Memes mocked the new model, analysts questioned its appeal and investors sold the automaker's stock. A former Ferrari chairman warned of “the destruction of...

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Business news • May 27

Ferrari Luce: Why Ferrari's First Electric Car Isn't a Two-Door Supercar Like You Might Expect

The decision to turn the Luce into an SUV was born from the brand's approach to tech development.

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Business news • May 27

Exclusive | Amazon Strikes $6 Billion Deal With Snowflake for Agentic Computing Chips

Cloud-storage company joins Apple, Meta among AWS's largest customers for CPU-based computing; Snowflake shares jumped as much as 35%

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Business news • May 27

How Venezuela awarded Centerview a prized debt role with little competition

When interim Venezuelan President Delcy Rodriguez's administration announced the oil-rich country was embarking on an overhaul of its more than $150 billion...

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Business news • May 27

Pentagon awards Microsoft $9.7 billion deal in bid to cut costs, end license sprawl

The Pentagon on Wednesday announced a five-year, $9.69 billion ​agreement to consolidate Microsoft and ‌other enterprise software licenses scattered across...

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