Business news

Business news • May 21

How Bond Yield Surge Will Impact Economies, Markets

A prolonged period of elevated long-term bond yields is ramping up borrowing costs around the world. That's because investors are demanding more and more...

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Business news • May 21

What Did the Elon Musk vs. Sam Altman Trial Really Reveal?

The jury's ruling was directionally very bad for Musk, but plenty from his case against Altman and OpenAI will endure. Let's break down the key takeaways...

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Business news • May 21

Oil prices fall as investors hope for U.S.-Iran deal

Iran and the U.S. have made little progress toward a deal since they agreed to fragile ceasefire last month.

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Business news • May 21

Retail investors get direct access to SpaceX IPO through major brokerage platforms

SpaceX's blockbuster public offering is giving everyday traders access that has traditionally been reserved for Wall Street's biggest clients.

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Business news • May 21

Department of Commerce Announces Letters of Intent With 9 Companies for $2 Billion to Accelerate U.S. Leadership in Quantum Computing

The Department of Commerce today announced the signing of 9 letters of intent to provide $2.013 billion in federal incentives under the CHIPS and Science...

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Business news • May 21

GlobalFoundries launches Quantum Technology Solutions to scale U.S. quantum manufacturing

MALTA, N.Y., May 21, 2026 — GlobalFoundries (Nasdaq: GFS) (GF) today launched Quantum Technology Solutions, a new quantum business to scale the...

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Business news • May 21

The most powerful rocket ever built is now even bigger and more powerful. But will it work?

SpaceX is set to reignite a make-or-break testing campaign of its Starship megarocket — and the stakes are high for the company, NASA and beyond.

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Business news • May 21

Quantum stocks soar as U.S. plans $2 billion funding incentives and equity stakes

Quantum computing shares popped as the U.S. government announced plans to award grants to nine firms operating in the space.

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Business news • May 21

IBM and U.S. Department of Commerce Announce America’s First Purpose-Built Quantum Foundry, Supported by Proposed $1 Billion CHIPS Award

IBM and the U.S. Department of Commerce (DoC) announced a Letter of Intent (LOI) to build an American quantum chip foundry, securing the nation's global...

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Business news • May 21

Meta lays off thousands of employees to offset AI investments

Meta has reportedly notified thousands of employees that they've been laid off as the company attempts to compensate for its hefty AI investments.

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Business news • May 21

SpaceX not the behemoth everyone thought

Elon Musk's SpaceX isn't the financial juggernaut that many were expecting, according to the IPO prospectus it filed yesterday.

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Business news • May 21

Thousands of N.Y.C. Jobs Could Be Lost to A.I. Boom, Report Says

A report by the New York City comptroller argues that the city's economy will be transformed by artificial intelligence. “We've never seen anything like...

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Business news • May 21

Beef prices are soaring — and so is America's protein obsession

Sky-high beef prices are colliding with America's newfound protein obsession, while ranchers say a crippling cattle shortage will take years to fix.

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Business news • May 21

Samsung Chip Workers to Get Average $340,000 Bonus in AI Boom

Samsung Electronics Co. will distribute about 40 trillion won ($26.6 billion) to chip employees as a bonus for this year after the company struck a...

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Business news • May 21

PENN STATION UPDATE: Trump’s Transportation Secretary Sean P. Duffy & Amtrak Announce Penn Transformation Partners (Halmar and Skanska) as Master Developer Team for New York Penn Station Renovation

WASHINGTON, D.C. – U.S. Department of Transportation Secretary Sean P. Duffy and the Amtrak Board of Directors today announced the selection of Penn...

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Business news • May 21

Asian Equities, Bonds Rise Amid Optimism for U.S.-Iran Deal

Asian equities and government bonds rose Thursday after President Trump said negotiations with Iran were advancing, spurring hopes of a deal to end the...

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Business news • May 21

LIRR strike draws Hochul a roadmap for the true fight still to come

This week's Long Island Rail Road walkout holds a lesson for Gov. Kathy Hochul: We're going to need a bigger strike. And when this new agreement expires...

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Business news • May 20

Musk’s SpaceX Reveals Its Finances for the First Time as It Readies for IPO

Mr. Musk's rocket and satellite maker disclosed its financial performance as it prepares to go public in what is set to be one of the largest offerings to...

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Business news • May 20

SpaceX files for long-awaited public stock offering that could make Elon Musk a trillionaire | CNN Business

SpaceX revealed its long-awaited plans to go public on Wednesday, shedding light on the finances and leadership of one of the largest, best-known and yet...

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Business news • May 20

Nvidia’s Profit Hits $58.3 Billion as A.I. Boom Gathers More Steam

The chip maker said its profit in its most recent quarter jumped 211 percent from a year earlier thanks to extreme demand from other big technology...

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