Business news

Business news • May 21

Oil Edges Up After Plunging on Optimism Over US-Iran Agreement

Oil extended declines for a third day as investors speculated on whether the US and Iran are closing in on a peace deal that could lead to a resumption of...

9 0 0

Business news • May 21

Artificial intelligence could potentially eliminate thousands of jobs in New York City, city official says

The top financial officer in New York City on Thursday warned that artificial intelligence could put thousands of workers in the nation's largest metropolis...

8 0 0

Business news • May 21

Chrysler, Dodge, And Ram Have 9 New Models Coming By 2030. Here's All Of Them

Stellantis has an entire range of new products coming to the US, including new Chrysler SUVs, small Ram trucks, and even possibly a halo SRT model from...

8 0 0

Business news • May 21

Zillow loses thousands of listings in fight over “hidden” homes

On Wednesday, Zillow abruptly lost access to thousands of property listings in the Chicago area after filing a lawsuit accusing a private listing network...

9 0 0

Business news • May 21

SpaceX, OpenAI valuations could mean they leapfrog Berkshire Hathaway on first day of trading

Traders on prediction market Polymarket think SpaceX, OpenAI and Anthropic on their first day of trading will surpass valuations of at least $1.4 trillion.

9 0 0

Business news • May 21

SpaceX Investors Can’t Complain

“We believe we have identified the largest actionable total addressable market ('TAM') in human history,” says the prospectus for SpaceX's initial public...

9 0 0

Business news • May 21

How Walmart's gas price warning shapes our retail outlook — plus, Honeywell's quantum connection

Every weekday, the Investing Club releases the Homestretch; an actionable afternoon update just in time for the last hour of trading.

10 0 0

Business news • May 21

Ro Khanna blames 'clueless' boomers for Gen Z booing AI: They handed over a ‘broken economy'

Rep. Ro Khanna (D-Calif.) had a simple message for graduates at Suffolk University in Boston last Sunday: AI's windfall shouldn't flow only to billionaires.

9 0 0

Business news • May 21

Stellantis Plots $70 Billion Turnaround Leaning on US Gains

Stellantis NV announced a major investment push focused on four core brands in a broad reset to boost profitability.

9 0 0

Business news • May 21

US move into quantum computing adds to a portfolio that spans semiconductors, steel, nuclear, and rare earths

The Trump administration is expanding the government's burgeoning investment portfolio, announcing Thursday that it will award grants to nine quantum...

10 0 0

Business news • May 21

New weight-loss shot appears to outperform other obesity drugs on market

Eli Lilly says participants in a sizable trial of retatrutide lost much more weight compared to other weight-loss drugs.

8 0 0

Business news • May 21

Cybertruck Driver Tried Using Wade Mode In A Lake, Ended Up In Jail

The Cybertruck, took on water, bricked itself, and had to be abandoned. Amongst others, the driver now faces charges for not having valid boat registration.

9 0 0

Business news • May 21

Oil markets nearing ‘red zone’ as Iran crisis continues, warns IEA chief

Surging demand, low reserves and reduced Middle East exports predicted to cause global crunch by August.

9 0 0

Business news • May 21

Even at $5 Trillion, Nvidia Is Underappreciated

Competition is growing, but the AI chip maker's sluggish stock doesn't give enough credit for its strong position.

9 0 0

Business news • May 21

Jeff Bezos wants the bottom half of earners to pay zero income tax—he says nurses making just $75K should save $12K a year

Billionaire Amazon founder, Jeff Bezos, says the bottom 50% of Americans should pay no federal income tax—and he plans to pitch the idea to President Trump.

9 0 0

Business news • May 21

Nvidia Earnings May Mark A Major Turning Point For The Stock Market

Nvidia earnings may trigger a dispersion trade unwind, shifting volatility and lifting implied correlation. Click here to read what investors need to know.

9 0 0

Business news • May 21

Walmart plans price cuts using tariff refunds as shoppers get skittish

Now that the U.S. government must refund most tariffs, Walmart says it might put its refund money toward lowering store prices. Executives say the cost of...

9 0 0

Business news • May 21

Inside SpaceX's IPO: Goldman Sachs takes prestigious lead spot while Morgan Stanley plays a major role for retail investors

Goldman Sachs and Morgan Stanley will serve as the two lead investment banks on the SpaceX IPO, which includes 23 investment banks in total.

11 0 0

Business news • May 21

Memorial Day Weekend Gas Prices Reach Four-Year Highs

WASHINGTON, DC (May 21, 2026) – As holiday travelers start hitting the road today in record numbers, Memorial Day weekend gas prices are the highest they've...

10 0 0

Business news • May 21

Lilly’s triple-G drug helps patients lose roughly a quarter of weight, showcasing competitive profile

As Eli Lilly looks to hold its lead in the lucrative obesity market, the company's next-gen prospect, the triple-G drug retatrutide, has met the primary...

10 0 0