Business news

Business news • May 18

What Dominion and NextEra Energy’s proposed merger means for Virginia customers

The companies are proposing a temporary $2.25 billion bill credit for Dominion customers to be spread out on monthly bills over the first two years of the...

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Business news • May 18

Ex-Google CEO Eric Schmidt booed after AI remarks at Arizona commencement

Pew research shows Americans are more worried than excited about AI as graduates voice fears over jobs.

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Business news • May 18

Kevin Warsh to be sworn in as Federal Reserve chair on Friday

Trump will swear in Kevin Warsh, his hand-picked choice to lead the Federal Reserve, during a White House ceremony.

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Business news • May 18

Trump Insiders Face Wild Allegations After ‘Insane Pattern’ Spotted on Polymarket and Kalshi

Nine gambling accounts have won in excess of $2.4 million across more than 80 bets on action taken by the U.S. military, raising questions about insider...

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Business news • May 18

Payroll data exposes six-figure salaries behind transit strike grinding NYC travel to a halt

LIRR employees have gone on strike demanding higher wages, disrupting nearly 300000 commuters despite a median income of $131212 plus overtime pay.

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Business news • May 18

NextEra-Dominion Deal Signals Era of AI Utility Mega-Mergers

NextEra Energy Inc.'s $67 billion deal for rival Dominion Energy Inc., the largest utility acquisition in US history, suggests even the industry's biggest...

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Business news • May 18

5-star analyst sets jaw-dropping Nvidia stock price target before earnings

Nvidia (NVDA) stock closed the May 15 trading session 4.42% down at $225.32, according to Yahoo Finance. However, most semiconductor stocks fell on Friday.

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Business news • May 18

Shein To Reportedly Acquire Everlane For $100 Million

Online fast-fashion retailer Shein is said to be acquiring Everlane, the apparel brand known for its sustainability ethos, in a deal valuing the company at...

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Business news • May 18

Oil Fluctuates on Doubts Over US, Iran Stance to End Conflict

(Bloomberg) -- Oil swung between gains and losses with new questions emerging from both the US and Iran on the progress of peace negotiations aimed at...

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Business news • May 18

NextEra bets $66.8B on AI power boom with Dominion Energy acquisition

NextEra Energy is making a massive push into the AI infrastructure boom with a proposed $66.8 billion acquisition of Dominion Energy.

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Business news • May 18

The Catastrophic Swatch x Audemars Piguet Launch Was Entirely Predictable and Utterly Avoidable

At 9 am, as stores opened, London's Carnaby Street location lasted half an hour before police were called. In New York, fights broke out amid rumors of a...

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Business news • May 18

President Lee Jae Myung slams Starbucks Korea over 'Tank Day' promotion

President Lee Jae Myung on Monday criticized Starbucks Korea over its controversial "Tank Day" promotional event held on the anniversary of the May 18.

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Business news • May 18

Lululemon calls founder’s ideas ‘misguided’ in public letter

Lululemon has publicly rejected founder Chip Wilson's ideas to fix the struggling athleisure brand with some strongly worded criticisms of its former...

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Business news • May 18

Merger

On May 18, 2026, Dominion Energy and NextEra Energy announced plans to combine. NextEra Energy is the largest electric and energy infrastructure company in...

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Business news • May 18

Meta layoffs starting this week stress harsh AI reality inside Zuckerberg’s company

Meta is starting layoffs this week, with 8000 jobs expected to be cut, as employees brace for a new era of AI.

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Business news • May 18

Global Finance Leaders Demand Briefing on Anthropic’s Mythos AI Cyber Threats

Anthropic, the artificial intelligence (AI) firm behind the Claude chatbot, has agreed to brief top global financial authorities and central banks on the...

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Business news • May 18

This LIRR Strike Should Be the Last

Governor Kathy Hochul can act decisively to bring the Long Island Rail Road unions to heel.

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Business news • May 18

AI skepticism grows among US youth

Polls show that 70% of Americans think AI is moving too fast, partly because of fears over AI's upending of the job market.

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Business news • May 18

Here’s where Treasury yields will peak and open up a rare opportunity to buy stocks and bonds, says Wall Street veteran

The Treasury yield could peak near 5% in coming weeks, which will be a chance to buy stocks, says Ed Yardeni.

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Business news • May 18

Starbucks Korea apologizes over promotion linked to democracy movement memories

By Kim Eun-jung. SEOUL, May 18 (Yonhap) -- Starbucks Korea apologized Monday over an online promotional event after it faced backlash for allegedly evoking...

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