Business news

Business news • May 17

Oil Shortage Scenario Looms Large

Analysts and industry leaders warn that strategic reserves are being depleted faster than expected, meaning the crisis could evolve from a crude shortage...

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Business news • May 17

Oil For Supercars 'To Run Dry In A Month' Thanks To U.S-Israel War With Iran

Without an end to the war in sight, it looks as though big-dollar vehicles may see another surcharge on oil changes and maintenance.

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Business news • May 17

Oil Climbs as Iran War Shows No Sign of Ending: Markets Wrap

A selloff in global bonds extended as the deadlock over the Iran war drove oil prices higher, fueling inflation concerns and raising bets that central banks...

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Business news • May 17

Dow futures drop, oil prices push higher as Iran war remains stuck in stalemate

U.S. stock-index futures fell and crude prices rose on Sunday, after the market's rally stalled last week as oil prices rose sharply amid the impasse in the...

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Business news • May 17

The Quest for Clean Hydrogen Moves Underground

The dream of clean hydrogen has tantalized energy experts for years, but producing it has been tough. Many start-ups think the answer could lie beneath our...

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Business news • May 17

Oil Extends Gains as Trump Says Clock Is Ticking for Iran Deal

Oil rose for a third day as President Donald Trump again pressured Iran to come to a deal to end weeks of war and reopen the crucial Strait of Hormuz.

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Business news • May 17

President Trump Threw a Wrench in Kevin Warsh's Plans as Federal Reserve Chairman, and It Could Be the Undoing of the Current Bull Market

The new Federal Reserve chairman, Kevin Warsh, faces a tough task in accomplishing his goals at the Federal Open Market Committee (FOMC).

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Business news • May 17

Everlane Is Selling Out… to Shein

Everlane, the formerly high-flying Millennial direct-to-consumer basics brand, is being sold to Shein by its majority owner, L Catterton, I've learned.

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Business news • May 17

The great derail: Hochul, LIRR unions trade rage over rail strike shutdown ahead of Monday commute

The LIRR strike steamed full speed into a war of words on Sunday, with the governor, MTA officials and unions fingerpointing the blame.

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Business news • May 17

Eric Trump says family assets invested in 'broad market indexes' — Trump's own disclosure lists 3,642 individual trades

New federal filings show the president executed thousands of stock transactions in the first three months of 2026 — including purchases whose timing critics...

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Business news • May 17

Elon Musk's SpaceX could go public by next month

Elon Musk's space exploration company, SpaceX, could be going public sooner than many expected. According to a new report from Reuters, SpaceX is...

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Business news • May 17

New York governor pleads with unions to resume talks amid North America's largest commuter rail system shut down

NEW YORK (AP) — New York Gov. Kathy Hochul pleaded with unions representing workers for the Long Island Rail Road, North America's largest commuter rail...

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Business news • May 17

Long Island Rail Road Strike: What to Know

The Long Island Rail Road strike carried into a second day Sunday, with weekday commutes looming and no sign of movement in the talks.

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Business news • May 17

Spirit’s Gone, And Now Look What Fares Did On Its Routes

FLL to Dallas jumped from $39 to $124 within 48 hours of Spirit's May 2 wind-down. Two weeks in, the routes Frontier didn't backfill are still up 20%.

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Business news • May 17

The top foreign holders of US debt may soon dump Treasury bonds and bring their money back home

Yields for 10- and 30-year JGBs have soared to the highest levels since the 1990s, and the central bank is expected to tighten for the fifth time since...

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Business news • May 17

University of Arizona students boo Eric Schmidt’s AI cheerleading during commencement

University of Arizona students drowned out Eric Schmidt during commencement with boos over his AI cheerleading and sexual assault allegations.

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Business news • May 17

U.S. federal debt hits 100% of GDP, but Washington keeps spending (TLT:NASDAQ)

U.S. debt tops 100% of GDP as deficits and 5%+ Treasury yields rise.

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Business news • May 17

Mayhem breaks out at Swatch stores as fans rush to nab its Audemars Piguet pocket watch collab

The release of the Royal Pop collection, a collab between Swatch and Audemars Piguet, was so chaotic that stores had to call police to control crowds.

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Business news • May 17

Fidelity to pay out $2.5M in new settlement: Check now if you qualify for a payout of up to $5,000

This week Fidelity agreed to pay out $2.5 million in a settlement over a 2024 data breach. Here's how to check if you qualify.

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Business news • May 17

This Man's on a Mission to Return Pizza Hut to Its Retro Glory. He Just May Save the Company

By evoking 1980s nostalgia, Tim Sparks has found a way to get people talking about Pizza Hut—and coming back.

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