Business news

Business news • May 27

Universal Music Shareholder Deals Blow to Bill Ackman’s $65 Billion Bid

Bollore's CEO encourages Universal to reject the Pershing Square Capital bid.

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Business news • May 27

Bank of America caught between bearish price action and 15% Q2 growth outlook

Bank of America (BAC) stock slips as options turn bearish; explore Q2 trading revenue outlook, raised NII guidance, and ratings—read the latest update now.

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Business news • May 27

News: Paramount-WBD, FIFA World Cup, NFL and more

Paramount reportedly appears closer to receiving regulatory approval for its WBD merger transaction; and more sports media news.

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Business news • May 27

FDA Announces Recall on Supplement Due to Multistate Salmonella Outbreak—Here’s What to Know

FDA recalls moringa leaf powder supplement after a multistate Salmonella outbreak. Learn which lots are affected and what to do if you have it.

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Business news • May 27

Robinhood Adds Some Agents

Also Activision, index fast-tracking, First Brands tariffs and Kalshi sharps.

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Business news • May 27

After Ferrari Luce backlash, Lamborghini CEO says canceling its own EV was the right choice

Lamborghini CEO Stephan Winkelmann told CNBC the automaker's decision to kill its all-electric vehicle plans to focus on plug-in hybrid electric vehicles...

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Business news • May 27

BofA CEO sees 15% growth in second-quarter trading revenue

Bank of America expects trading revenue to jump ​15% in the second quarter from a year ago when the ‌market was hit by the volatility from higher U.S....

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Business news • May 27

Mass.-based vegetarian restaurant chain Clover to shut down

Clover Food Lab, a restaurant chain of veggie-focused eats around Greater Boston, will close all 11 of its locations Thursday, ending its 17-year run.

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Business news • May 27

How AWS is helping retailers build their own AI-powered shopping experiences

Agentic Shopping Assistant (ASA) on AWS was created together with the AWS Generative AI Innovation Center—a solution that packages the architecture,...

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Business news • May 27

Bank of America (BAC) Provides Positive Outlook at Conference

On May 27, 2026, during his address at the Bernstein Strategic Decisions Conference, Brian Moynihan, the CEO of Bank of America (BAC), shared an optimistic...

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Business news • May 27

French banker lands exceptional and controversial contract to restructure Venezuelan debt

On February 11, the banker Matthieu Pigasse arrived at the Cayena Hotel in Caracas to offer his services to the Venezuelan government.

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Business news • May 27

Papa Johns Bringing Pizza Planet to Life With Immersive ‘Toy Story 5’ Pop-Up Experiences

Papa Johns is taking fans “to infinity and beyond” with a new series of immersive Pizza Planet pop-up experiences inspired by Disney and Pixar's upcoming...

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Business news • May 27

Robinhood to let investors use AI chatbots for share trading

Robinhood is launching a feature that will enable clients to use artificial intelligence chatbots for share trading, underscoring the growing “arms race”...

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Business news • May 27

Top U.S. bank sends blunt message on Strait of Hormuz and oil

Piper Sandler warns the Strait of Hormuz will stay closed for months and oil prices will hit new highs. Here is the call and what it means.

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Business news • May 27

Tesla EV Sales Jump In Europe. The Stock Is Nearing A Buy Point.

Tesla EV sales in Europe continue to rebound, according to April registrations. Tesla stock rose, moving closer to a buy point.

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Business news • May 27

Jamie Dimon says JPMorgan could spend up to $20bn on a new acquisition

Jamie Dimon has raised the prospect of JPMorgan Chase spending up to $20bn on an acquisition, as the bank looks to deploy tens of billions in extra capital...

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Business news • May 27

Median pay for CEOs rose nearly 6% in 2025, but some compensation packages were eye-popping

The typical CEO compensation package rose nearly 6% in 2025 to $17.7 million, as company boards rewarded their top executives for bigger profits and higher...

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Business news • May 27

Elon Musk's SpaceX is going public. 5 things to know about its IPO

Billionaire Elon Musk's SpaceX is planning an initial public offering in June that could be the largest ever. Here's what you need to know about it.

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Business news • May 27

New Fed report warns of ‘remarkable’ increase in households skipping meals due to food costs

There's been a “remarkable” increase over the past few years in Americans struggling to put food on the table, and that's likely contributing to record-low...

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Business news • May 27

BAC: Raising NII guidance amid strong consumer spending, stable credit, and expanding business lines

U.S. economic growth is steady, with strong consumer spending and stable employment supporting financial performance. The company is raising NII guidance,...

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