Business news

Business news • Apr 15

Open your own doors? NYC building workers vote to authorize strike.

Some 34000 doormen, concierges, building cleaners and other workers could walk off the job Tuesday morning.

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Business news • Apr 15

Shares in Allbirds surge after maker of wool sneakers announces pivot to AI

Rebrand as NewBird AI sent shares up 582% in bizarre and rapid turnaround for firm that had fallen on hard times.

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Business news • Apr 15

Sazerac bids $15 billion for Jack Daniel's maker Brown-Forman, source says

U.S. spirits group Sazerac has offered to ‌buy Brown-Forman for about $15 billion, a source familiar with the matter said on Wednesday, complicating Pernod...

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Business news • Apr 15

First Look At What A Night Stalker MV-75 Cheyenne Will Look Like

The U.S. Army has given us our first glimpse at what the new MV-75A Cheyenne II tiltrotor will look like in its special operations configuration.

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Business news • Apr 15

Trump threatens to fire Powell, won’t halt probe of Fed renovations

President Trump threatened Wednesday to fire Federal Reserve Chair Jerome H. Powell if he doesn't step down from the Fed in the coming weeks.

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Business news • Apr 15

Spirit Airlines could liquidate as early as this week, sources say

The carrier is facing the added challenge of a spike in the price of fuel. Fuel is airlines' biggest expense after labor.

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Business news • Apr 15

Asian Stocks to Gain as US, Iran Mull Peace Deal: Markets Wrap

Asian shares advanced as investors piled back into equities on signs the US and Iran may extend a ceasefire, helping markets unwind war-driven risk...

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Business news • Apr 15

Ford EV and tech chief leaving automaker

Doug Field, the high-profile executive who shaped Ford's electric vehicle (EV) and technology strategies over the past five years, is leaving the automaker.

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Business news • Apr 15

More than a thousand workers lose their jobs in latest Snapchat layoffs

On Wednesday, Snap CEO Evan Spiegel sent a note to employees announcing that the company is laying off around 16% of its workforce.

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Business news • Apr 15

Goldman traders wrongfooted as Iran war upended interest rate expectations

Goldman Sachs' fixed-income traders were wrongfooted when the Iran war upended monetary policy expectations, inflicting substantial losses on the bank from...

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Business news • Apr 15

Hims & Hers stock jumps as U.S. moves forward with plan to reassess popular peptides

Hims & Hers Health's plan to enter the business of selling peptides is looking a lot more realistic.

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Business news • Apr 15

Here's the severance package Disney is giving to laid-off employees

Disney laid off employees for the first time under CEO Josh D'Amaro. Here's what departing staffers are getting paid in severance.

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Business news • Apr 15

FDA advisory committee set to weigh taking action on certain unapproved peptides

An FDA advisory committee will convene this summer to discuss certain peptides that are currently restricted from use in compounded medications.

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Business news • Apr 15

Painted Tree shuts down all 60 locations, leaving Houston vendors reeling

Painted Tree Boutiques announced the closure of all its locations, leaving vendors at all 60 sites nationwide without a retail space.

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Business news • Apr 15

Opinion | It’s the End of the Internet as We Know It

Last week, Anthropic announced that its newest artificial intelligence model, Claude Mythos Preview, would not be released to the public, after the company...

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Business news • Apr 15

AI ruling prompts warnings from US lawyers: Your chats could be used against you

April 15 (Reuters) - As people increasingly turn to artificial intelligence for advice, some U.S. lawyers are telling their clients not to treat AI chatbots...

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Business news • Apr 15

Chip Gear Giant ASML Beats Q1 Views, Misses With Q2 Sales Outlook

ASML beat analyst estimates for the first quarter but came up short with its sales outlook for Q2. ASML stock fell on the news.

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Business news • Apr 15

Man accused of attack on Sam Altman's SF home was in crisis, parents say

The parents of a 20-year-old man accused of attacking Open AI CEO Sam Altman's San Francisco home last week have spoken out, saying their son is...

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Business news • Apr 15

Trump’s Quest for More Sway Over Fed Faces Fresh Hurdles

Jerome H. Powell's term as chair of the Federal Reserve ends on May 15, but it appears increasingly likely that he will stay on in some capacity at the...

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Business news • Apr 15

IMF cautions countries against broad fuel subsidies to deal with war-driven energy shock

WASHINGTON, April 15 (Reuters) - The war in the Middle East has intensified strains on an already fragile global fiscal situation, with higher interest...

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