Business news

Business news • Apr 23

Intel Stock: Earnings Were Strong Enough to Put Shares at Highest Level in 25 Years

Intel shares were up sharply in after-hours trading Thursday after the chip maker reported strong first-quarter results.

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Business news • Apr 23

OpenAI releases "Spud" GPT-5.5 model

OpenAI on Thursday released its most capable model, GPT-5.5, codenamed "Spud," just one week after competitor Anthropic launched its latest model.

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Business news • Apr 23

The FDA gives the green light to the first gene therapy for deafness

The treatment, developed by Regeneron Pharmaceuticals, is for a very rare form of deafness. But it represents a medical milestone.

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Business news • Apr 23

Nike cuts 1,400 roles in second round of layoffs this year

Nike announced 1400 layoffs, primarily in its technology department, on Thursday after cutting 775 jobs in January.

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Business news • Apr 23

US Taps Kirkland & Ellis for Advice on Spirit Airlines Rescue

The US government tapped law firm Kirkland & Ellis to advise on a possible rescue deal for Spirit Aviation Holdings Inc., according to people familiar with...

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Business news • Apr 23

Capital One lawsuit: Millions of customers could get payout after judge approves $425 million settlement

Millions of Capital One customers could soon see a boost to their bank accounts after a federal judge approved a $425 million lawsuit settlement.

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Business news • Apr 23

Intel stock soars on Q1 earnings beat, strong outlook

Intel (INTC) stock rocketed more than 16% higher in after-hours trading following a first quarter earnings report that beat analysts' expectations on the...

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Business news • Apr 23

The unflattering secrets revealed so far in Elon Musk’s latest legal feud

Hundreds of court filings have revealed cringey texts, emails or private diary entries of Musk, Sam Altman, other OpenAI founders and other public figures.

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Business news • Apr 23

Trump celebrates closing first round of drug pricing deals, promises more ahead

WASHINGTON — President Trump heralded a drug pricing agreement with Regeneron on Thursday, closing the last of 17 deals initially sought by the White House...

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Business news • Apr 23

Intel's stock soars 20% as results top estimates, with chipmaker showing signs of growth

Intel has been a Wall Street darling of late even as the business has yet to find much momentum.

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Business news • Apr 23

Why Tesla Stock Is Falling

Tesla earnings beat views but Elon Musk said capital spending will soar over the rest of 2026. Tesla stock fell Thursday.

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Business news • Apr 23

Intel Gives Strong AI-Fueled Outlook, Sending Shares Soaring

Intel Corp. delivered a blockbuster sales forecast that shattered Wall Street expectations, signaling that the long-struggling chipmaker is benefiting from...

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Business news • Apr 23

Microsoft is reportedly offering voluntary buyouts to up to 7 percent of its employees

Microsoft reportedly plans to offer voluntary buyouts to up to 7 percent of its US employees in May as a way of avoiding layoffs.

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Business news • Apr 23

Meta to cut 10% of staff as it pours billions into AI

Meta said on Thursday it plans to lay off roughly 10% of its workforce, or about 8000 people, the latest in a string of tech industry layoffs fueled in part...

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Business news • Apr 23

Regeneron inks drug pricing deal with Trump, will offer new hearing-loss therapy for free

Regeneron is the latest in a string of major drugmakers to make pricing concessions for new and existing medicines under agreements with Trump.

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Business news • Apr 23

Airlines in Europe slash thousands of flights as Iran war cuts jet fuel supplies

The soaring cost of jet fuel is forcing European airlines to cut thousands of flights through the peak summer travel season as the ongoing impact of the war...

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Business news • Apr 23

Regeneron to offer prescriptions at most favored nation prices, Trump says

The Regeneron Pharmaceuticals company logo is seen on a building at the company's Westchester campus in Tarrytown, New York, U.S. September 17, 2020.

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Business news • Apr 23

Why IBM’s Earnings Beat Spurred a Selloff in Software Stocks

Software stocks sputtered Thursday as investors were quick to sell off the embattled sector following solid but unspectacular earnings reports from...

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Business news • Apr 23

Elon Musk Admits He Lied to Tesla Customers’ Faces for Years About Self-Driving

During Wednesday's earnings call, Tesla CEO Elon Musk reiterated that millions of Tesla cars on the road can't drive themselves.

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Business news • Apr 23

Meta to cut 8,000 jobs, Microsoft offers buyouts to to staff as AI spending costs hit Big Tech workers

Meta and Microsoft are the latest Big Tech giants to trim staff as AI costs continue to balloon.

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