Business news

Business news • Apr 23

Dallas Fed Energy Survey Q1 2026 update

In response to recent developments in the global oil market, we conducted a follow-up to the first quarter survey that published March 25.

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Business news • Apr 23

Meta is laying off 10% of its entire staff next month. Read the full memo it just sent to employees.

Meta announced to employees that it is planning on laying off around 10% of the entire company on May 20, according to an email.

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Business news • Apr 23

Brent oil tops $105 as tensions simmer in Strait of Hormuz, Israel threatens attacks

Brent oil prices jumped more than 3% on Thursday, as tensions run high in the Strait of Hormuz with the U.S. and Iran enforcing blockades.

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Business news • Apr 23

Meta Tells Staff It Will Cut 10% of Jobs in Push for Efficiency

Meta Platforms Inc. plans to cut 10% of workers, or roughly 8000 employees, in an effort to boost efficiency and offset its heavy spending on artificial...

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Business news • Apr 23

Trump cuts drug price deal with Regeneron

President Trump on Thursday announced a drug pricing deal with Regeneron — the last of 17 manufacturers the administration pressured last year to commit to...

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Business news • Apr 23

Spirit Airlines lawyer says cash 'not going to last for very much longer,' but government rescue on the table

Spirit Airlines confirmed it is in talks with the Trump administration for a rescue package.

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Business news • Apr 23

Big-name Republicans are balking at Trump taking a stake in Spirit Airlines. Here’s why

For more than a year, Republicans in Washington have largely stood by as President Donald Trump staged a series of remarkable government interventions into...

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Business news • Apr 23

Elon Musk and Sam Altman’s Epic Fight Heads to Court

A jury trial that is set to start on Monday could shift the course of the A.I. race, with Mr. Musk seeking billions of dollars in damages from Mr. Altman's...

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Business news • Apr 23

The Interface | Is your iPhone about to change forever?

Tim Cook resigns: what does a new Apple boss mean for your smartphone? Apple CEO Tim Cook is stepping down later this year, with John Ternus — a long‑time...

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Business news • Apr 23

A group of users leaked Anthropic's AI model Mythos by reportedly guessing where it was located

Anthropic's model was reportedly accessed by a handful of users in an online forum.

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Business news • Apr 23

Prediction: This Artificial Intelligence (AI) Growth Stock Will Be the Nasdaq's Best Performer by Year-End

The arrival of AMD's new data center graphics card could help the stock sustain its terrific momentum.

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Business news • Apr 23

‘The biggest energy security threat in history’: IEA chief warns 13 million barrels a day are gone with no cure in sight

IEA chief Fatih Birol says the world is losing 13 million barrels of oil a day, more than the two 1970s oil crises combined.

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Business news • Apr 23

White House to Announce a Deal With Pharmaceutical Company Regeneron

The White House is poised to announce a drug pricing deal Thursday with Regeneron — the final holdout in the administration's yearlong pressure campaign for...

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Business news • Apr 23

Microsoft (MSFT) Almost Snatched Cursor Before SpaceX Clinched Rights

New reports have revealed that tech giant Microsoft ($MSFT) recently considered buying Cursor, an artificial intelligence (AI) coding startup, before SpaceX...

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Business news • Apr 23

Bernard Arnault warns Middle East war could spiral into ‘global catastrophe’

LVMH chief executive Bernard Arnault said the luxury giant's recovery depended on a swift resolution of the war in the Middle East, which the billionaire...

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Business news • Apr 23

MrBeast's company sued by ex-employee over sexual harassment claim

Beast Industries has strongly denied claims of sexual harassment and workplace gender bias.

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Business news • Apr 23

Tim Cook wrote a winning recipe for Apple

Tim Cook will step down as Apple chief executive in September, with John Ternus taking over a company that epitomised globalisation and smartphone dominance...

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Business news • Apr 23

ServiceNow: Strong Q1, But 52-Week Lows After Hours Offer A Good Entry Point (NYSE:NOW)

ServiceNow delivered a strong Q1, beating top-line estimates and raising 2026 subscription revenue guidance by $210 million at the midpoint.

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Business news • Apr 23

Possible Spirit rescue fuels new fears about government involvement in business

The Trump administration is discussing a $500 million rescue deal for Spirit Airlines that could leave the federal government owning up to 90% of the...

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Business news • Apr 23

Why Diesel Has Become a Much Bigger Economic Problem Than Gasoline

The war in Iran has disrupted supplies of diesel, used to power trucks and heavy equipment, much more than gasoline, which is primarily used in passenger...

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