Business news

Critics give Ferrari Luce EV a cool response, shares fall

Ferrari shares plunged by more than 8% on Tuesday as investors ‌and critics reacted coolly to the Italian luxury sports carmaker's new Luce electric car,...

AI tools lead to ‘clear racial disparities’ in job hiring

AI hiring tools used by large employers are repeatedly screening out some of the same job applicants, with researchers finding that Black and Asian...

BART rescue measure easily clears signature hurdle. Next stop: November ballot.

Voters in five counties will have chance to vote on sales tax measure to prevent BART austerity — or shutdown of transit agency altogether.

Amazing interior, controversial exterior: Ferrari’s first electric car

Ferrari provided flights from Washington, DC, to Rome and accommodation so Ars could see the Luce. Ars does not accept paid editorial content.

Bessent Has Limited Options to Halt Climb in Treasury Yields

Treasury Secretary Scott Bessent is facing what may become his biggest financial-market test yet, in the form of a steady increase in benchmark Treasury...

Education Department Sends Mass Warnings To Student Loan Borrowers To Change Repayment Plans, Or Else

The Education Department sent out a new wave of notices to student loan borrowers last week, warning them that they need to change repayment plans.

Quantum Stocks Surge On U.S. Funding. Were Google, Microsoft, IonQ Snubbed?

Quantum computing stocks surged on new U.S. funding but some big industry players, such as Google, missed out on the announcement.

Lilly announces three acquisitions to build infectious disease portfolio | Eli Lilly and Company

SpaceX’s $2 trillion reality check

SpaceX is a telecom and launch powerhouse, but its stratospheric valuation ignores a gauntlet of earthbound realities.

Morning Bid: Wrong sort of 'boom' to start the week

May 26 (Reuters) - What matters in U.S. and global markets today. By Mike Dolan , opens new tab, Editor-at-Large, Finance and Markets.

Nokia’s 140% Rally Turns AI Comeback Into Valuation Puzzle

(Bloomberg) -- A rally in Nokia Oyj is forcing investors to reconsider the company not as an old telecom-equipment stock, but as part of the infrastructure...

Quiz: Will AI Destroy Your Career?

Some jobs may be toast. Some will survive. Click your answers to learn your fate.

Taiwan Overtakes India as World's Fifth-Largest Stock Market

Taiwan overtook India in stock market value, powered mainly by a breakneck rally in the world's largest chipmaker Taiwan Semiconductor Manufacturing Co.

South Korean Starbucks boss apologizes anew for ad campaign that evoked massacre

South Korean Starbucks' boss apologized again as it faced a backlash over a marketing campaign widely seen as mocking victims of a bloody military crackdown...

Random People Armed with AI and No Lawyer Are Reportedly Filling Judicial Dockets with Lawsuits

Don't play innocent. If you're a non-lawyer in the 2020s, you've at least had the passing thought that you could use an LLM to help you generate a killer...

Matthieu Pigasse, the Socialist Banker Venezuela Hired to Fix Its Finances and Bring Back Investors

The French investment banker Matthieu Pigasse arrived at the private screening of Melania Trump's documentary at the White House on the cusp of winning one...

Treasury yields slide after Memorial Day break as traders weigh Iran peace prospects

Treasury yields fell on Tuesday as bond markets returned from a Memorial Day break to bolstered hopes of a Middle East peace deal, even as the U.S. military...

EU to favour European satellite services to head off Musk’s Starlink

The EU's decision to give European satellite operators priority could risk a backlash from the Trump administration.

‘The market has spoken’: Ferrari shares fall after carmaker unveils first fully electric vehicle

Shares of luxury carmaker Ferrari fell sharply on Tuesday morning, shortly after the company launched its first fully electric vehicle.

European stocks edge lower amid U.S-Iran peace talks uncertainty

LONDON — European markets edged lower Tuesday, as traders monitored developments in the Middle East and Ukraine amid renewed volatility in oil markets.