Business news

Business news • Apr 22

John Ternus’s net worth as Apple’s next CEO

John Ternus will take over as Apple's CEO in September 2026 when Tim Cook steps down Here's how much Ternus is worth and how much money he's likely to make.

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Business news • Apr 22

Trump Administration Nears Loan Deal to Rescue Spirit Airlines

Spirit Airlines is in advanced talks to secure a loan of as much as $500 million from the Trump administration as part of last-minute efforts to avoid...

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Business news • Apr 22

IBM Stock Slides Late Despite Earnings Beating Expectations

IBM (IBM) posted adjusted earnings and revenue growth ahead of expectations for its March quarter. But IBM stock fell in late trades Wednesday as the...

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Business news • Apr 22

Trump team backs away from gasoline price promises

Trump administration officials on Wednesday softened their predictions of an end to the Iran war and its turbulent effects on energy prices.

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Business news • Apr 22

Lululemon stock sinks as athleisure company selects Nike veteran as new CEO

Lululemon picked Nike veteran Heidi O'Neill as its next CEO.

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Business news • Apr 22

ServiceNow Earnings Meet Views As Armis Deal Clouds Margin Outlook

Enterprise software maker ServiceNow reported Q1 earnings that met estimates while revenue edged by views. ServiceNow stock fell on the news.

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Business news • Apr 22

Crypto mogul sues Trump family venture over alleged fraud

A cryptocurrency mogul who has invested tens of millions of dollars in various enterprises tied to President Donald Trump and his family filed suit against...

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Business news • Apr 22

Exclusive | Lululemon Is Picking a Former Nike Executive to Be Its Next CEO

Heidi O'Neill is expected to begin in the role in September.

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Business news • Apr 22

SpaceX and Cursor have explored a team-up with Mistral to take on AI rivals

Musk has eyed a collaboration with French startup Mistral to help xAI catch Anthropic and OpenAI.

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Business news • Apr 22

Lululemon names former Nike exec Heidi O'Neill as new CEO

Lululemon announced on Wednesday that it has chosen former Nike executive Heidi O'Neill as its new CEO, effective in September.

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Business news • Apr 22

Tesla’s revenue rises again as it prepares for more AI and robotics

Tesla released its 2026 first-quarter financial earnings today, providing another look at the progress of Elon Musk's $1 trillion bet to transform his...

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Business news • Apr 22

Kevin Warsh, Trump’s Fed Pick, Has Tough Task Shedding ‘Sock Puppet’ Label

Kevin M. Warsh, at his confirmation hearing to lead the Federal Reserve, sought to dispel concerns that he would cut interest rates to please President...

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Business news • Apr 22

Exclusive: Thoma Bravo nears agreement to turn software firm Medallia over to creditors, sources say

NEW YORK, April 22 (Reuters) - Private equity firm Thoma Bravo is nearing an agreement ​to hand over software firm Medallia to its lenders,...

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Business news • Apr 22

Lululemon Names Former Nike Executive O’Neill Its Next CEO

Lululemon Athletica Inc. named Heidi O'Neill its new chief executive officer on Wednesday as the athletic retailer looks to move beyond a turbulent period...

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Business news • Apr 22

Marijuana Could Be Reclassified As A Safer Drug Soon—Here’s Why

President Trump previously directed the Justice Department to reschedule the drug in a December executive order.

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Business news • Apr 22

Spirit Airlines nears deal with Trump administration for $500 million rescue package

Spirit Airlines, a discount carrier, has filed for Chapter 11 bankruptcy twice in under a year. It's in talks with the Trump administration for a bailout.

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Business news • Apr 22

Spirit Airlines close to a $500 million bailout from Trump administration

Spirit Airlines is close to getting a $500 million bailout from the federal government, according to a source familiar with the negotiations.

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Business news • Apr 22

Fair Isaac Stock Drops After U.S. Agencies Announce Alternative Credit Scores Can Be Used in Mortgage Decisions

Two of the U.S. government's main mortgage agencies will soon let borrowers use alternative credit scores to apply for loans—a move that could open the...

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Business news • Apr 22

Google Cloud launches two new AI chips to compete with Nvidia

Google Cloud on Wednesday announced that its eighth generation of custom-built AI chips, or tensor processing units (TPUs), will be split in two.

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Business news • Apr 22

Coinbase and Gemini Accused of Illegal Gambling in N.Y. Lawsuits

The New York attorney general on Tuesday sued Coinbase and Gemini Titan, two cryptocurrency giants that have expanded into online betting, accusing them of...

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