Business news

Business news • May 22

Oil Prices Rise as Traders Grow Skeptical of U.S.-Iran Deal

Oil prices rose as traders grew skeptical that U.S.-Iran talks would quickly reopen the Strait of Hormuz and ease the global supply shock.

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Business news • May 22

North Carolina sues Vietnam's VinFast over delayed EV project

The State of North Carolina has sued Vietnamese EV maker VinFast for its alleged failure to meet ​its commitments to build an electric vehicle and battery...

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Business news • May 22

Major Studios Slam Canada For Slapping “Discriminatory Investment Obligations” on U.S. Streamers

The CRTC on Thursday ordered American digital platforms to contribute 15 percent of their Canadian revenues to subsidizing local indie production,...

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Business news • May 22

SpaceX's 1st Starship V3 megarocket launch scrubbed at last minute. Sorry, Nicki Minaj

SpaceX's new "V3" Starship megarocket was supposed to fly for the first time ever on Thursday (May 21), but technical issues nixed that plan.

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Business news • May 22

Mortgage Rates Hit a Nine-Month High in Blow to Prime Buying Season

Mortgage rates this week rose to the highest level since August, more bad news for home shoppers during what is usually the busiest time of the year for...

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Business news • May 21

Asia-Pacific markets trade higher as investors assess U.S.-Iran peace deal diplomacy

Asia-Pacific markets traded higher Friday as investors assess U.S.-Iran diplomatic efforts to reach a peace deal in the Middle East.

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Business news • May 21

Waymo suspends freeway rides, pauses Atlanta operations amid safety fixes

Alphabet's Waymo said on Thursday it has suspended its robotaxi service on freeways in the United ​States and paused its operations in Atlanta, ‌Georgia as...

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Business news • May 21

Oil prices rise as investors doubt breakthrough in US-Iran peace talks

Oil prices climbed on Friday but were on track for a ‌weekly loss as investors doubted the prospects of a breakthrough in U.S.-Iran peace talks.

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Business news • May 21

Exclusive: OpenAI’s Altman Talks to Staff About IPO Timing

OpenAI CEO Sam Altman suggested Wednesday that even if the company makes a filing for a public offering, it may hold off on the actual listing.

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Business news • May 21

SpaceX scrubs first launch attempt of its Starship Version 3 rocket

Update May 21, 8:03 p.m. EDT (0003 UTC): SpaceX scrubbed the mission after dipping in and out of multiple holds at T-minus 40 seconds.

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Business news • May 21

S&P 500 Is Set for Longest Weekly Rally Since 2023: Markets Wrap

Asian stocks rose for a second day to head for a weekly advance as investors rotated into a broader set of companies tied to the artificial intelligence...

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Business news • May 21

SpaceX scrubs test flight of massive Starship rocket, will retry Friday

SpaceX's attempted Starship launch follows the company's release of its IPO prospectus, which set the stage for what's likely to be a record offering.

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Business news • May 21

Who will benefit most from SpaceX IPO? Mostly Elon — and a few from his inner circle

Elon Musk has the largest stake in SpaceX by billions of shares. The other biggest shareholders also have longstanding and deep ties to Musk.

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Business news • May 21

Stock Market Today: Dow Up 276 Points Despite Nvidia Fall; AI, Quantum Computing Stocks Jam (Live Coverage)

Stock Market Today: The Dow Jones index started to gain Thursday after surprise jobless claims data. Nvidia stock fell after earnings.

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Business news • May 21

Nvidia Stock Is Immune to Its Own Success—No Matter How Perfect Its Earnings Are

Nvidia stock didn't get much of a boost from a stellar earnings report as investors focus on competition in AI chips.

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Business news • May 21

Nvidia Tells Skeptical Investors AI Is Ready to Go Mainstream

(Bloomberg) -- Nvidia Corp., facing more investor skepticism, used its latest quarterly report to tout progress in diversifying the company, which aims to...

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Business news • May 21

In desperate times, graduates find hope in humiliating tech CEOs

University graduates are booing and heckling corporate executives who praise AI during their commencement ceremonies, and the only people who seem to be...

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Business news • May 21

Oil Futures Lose Ground on Hopes for U.S.-Iran Deal

1543 ET – Crude futures settle lower in an up-and-down session with conflicting expectations for an agreement to end the U.S.-Iran stalemate.

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Business news • May 21

Two men charged with creating AI-generated porn under new law targeting ‘deepfakes’

Federal prosecutors have charged two men with using AI to create nude videos and photos under a new law targeting deepfake pornography.

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Business news • May 21

Memorial Day: Higher fuel prices have some Americans scaling back their travel plans

Higher fuel prices and other inflationary pressures are making most forms of travel more expensive as Memorial Day kicks off the summer season in the U.S..

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