Business news

Business news • May 16

SpaceX shareholders approve 5-for-1 stock split, Bloomberg News reports

May 15 (Reuters) - A majority of SpaceX shareholders have ​approved a 5-for-1 stock split recommended by ‌the company's board, Bloomberg News reported on...

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Business news • May 16

Stock Market News, May 15, 2026: 30-Year Bond Yield Hits Highest Level Since 2007

Bond yields climbed sharply on Friday, sapping investors' appetite for stocks amid fears that an extended Middle East impasse will worsen inflation.

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Business news • May 15

Musk v. Altman week 3: Musk and Altman traded blows over each other’s credibility. Now the jury will pick a side.

The trial spilled plenty of dirt—and raised more questions than answers about how the AI giant should be governed.

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Business news • May 15

Berkshire triples Alphabet stake and buys Delta stock while dumping Amazon in Greg Abel's first quarter as CEO

Berkshire Hathaway more than tripled the size of its investment in Google's parent company and bought over $2.6 billion worth of Delta Airlines stock as...

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Business news • May 15

Fidelity $2.5M data breach settlement: See if you qualify

Fidelity Investments settled a $2.5 million lawsuit following a 2024 data breach that compromised the personal and financial information of tens of...

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Business news • May 15

SpaceX said to plan public IPO filing as soon as Wednesday

Elon Musk's rocket, satellite and AI company aims to kick off formal marketing as soon as June 4, price its IPO as early as June 11 and list on June 12.

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Business news • May 15

‘Billionaires versus billionaires’: Inside the bizarre scenes of the OpenAI trial

The three-week OpenAI trial had numerous markings of its subjects' wealth, from an inflatable Elon Musk doll to fancy butt cushions.

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Business news • May 15

Jim Cramer fears SpaceX's IPO could be 'destructive' for the rest of market

CNBC's Jim Cramer said he is growing concerned about the speculative nature in the IPO market.

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Business news • May 15

Korean Stocks Are Up 89%. Hedge Funders Suggest How to Play It.

have soared nearly 80% this year, making them the world's best-performing market. But hedge fund managers at the Sohn Investment Conference this past week...

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Business news • May 15

Berkshire buys Delta, more Alphabet; sheds Amazon, UnitedHealth, Visa and Mastercard

Berkshire Hathaway on Friday disclosed a new $2.65 billion investment in ​Delta Air Lines and a small stake in Macy's , and said it sold many of its smaller...

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Business news • May 15

How Cerebras Disrupted Chips—and Maybe the Future of IPOs

Cerebras is shaking up chip design. It's also taking a new approach to the touchy subject of post-IPO stock sales.

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Business news • May 15

Trump Fed nominees oppose terms of keeping Jay Powell as temporary chair

Two Trump-nominated Federal Reserve officials have objected to a move to allow Jay Powell to remain as the central bank's chair indefinitely,...

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Business news • May 15

Trump talks up trade deals with China, but experts see no big wins for U.S.

President Trump's trip to China could bolster economic relations, but failed to deliver a breakthrough deal, some trade and energy experts said.

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Business news • May 15

Wall Street ends lower on mounting inflation worries

U.S. stocks retreated from artificial-intelligence-fueled record highs on Friday, as spiking crude ​prices ignited global inflation fears.

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Business news • May 15

Board Names Jerome Powell Temporary Fed Chair. Two Governors Disagree With the Move.

Jerome Powell will hold the temporary designation until Kevin Warsh officially becomes the Fed's 17th chair.

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Business news • May 15

Global bonds battered as flaring inflation spooks investors

By Amanda Cooper, Karen Brettell, Laura Matthews and Gertrude Chavez-Dreyfuss LONDON/NEW YORK, May 15 (Reuters) - Bond markets are bracing for interest-rate...

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Business news • May 15

Pershing Square Snapped Up Microsoft Shares, Exited Hilton, Slashed Alphabet Stake in First Quarter

The fund's latest 13F filing was submitted to the Securities and Exchange Commission on Friday.

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Business news • May 15

Berkshire Boosted Stake in Alphabet in First Quarter, Bought Delta Air, Sold Visa, Mastercard

Berkshire Hathaway significantly increased its equity stake in Alphabet in the first quarter and initiated a new holding in Delta Air Lines, while selling...

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Business news • May 15

Berkshire Sold Amazon, Bought These Stocks After Warren Buffett's Exit

Warren Buffett's successor Greg Abel is steering both day-to-day operations and Berkshire Hathaway's massive investment portfolio.

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Business news • May 15

AP finishes US restructuring with round of 20 layoffs, part of strategic pivot from print journalism

The Associated Press laid off 20 U.S.-based journalists on Friday, the union representing them said, part of a restructuring announced last month that is...

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