Business news

Business news • May 15

FAA cuts target for air traffic control staffing

The FAA said Friday it was reducing its target for air traffic control staffing, vowing to modernize scheduling and increase the time employees spend...

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Business news • May 15

Oil Prices Climb on Fears of Broader Energy Crunch

Oil prices jumped, stocks tumbled and bond yields spiked as the markets contended with persistent supply disruptions in the Middle East and the absence of...

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Business news • May 15

The 30-year Treasury yield just broke to its highest level in almost 20 years

The 30-year Treasury yield rose 10 basis points to reach 5.12%, its highest level since June 2007.

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Business news • May 15

Trump’s Stock Trades Come Under Fire—Eric Trump Insists They’re Fine

A new financial disclosure shows Trump has traded millions of dollars worth of stocks in companies that include Nvidia, Palantir, Meta, Disney and more.

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Business news • May 15

Stock market today: Dow, S&P 500, Nasdaq sink as yields jump amid inflation jitters

US stocks sank on Friday, retreating from record highs as rising bond yields and inflation worries preyed on markets and investors were gauging the success...

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Business news • May 15

FDA Announces Nationwide Recall of Popular Ice Cream Due To Potential Metal Contamination

The FDA has announced a recall of Straus Family Creamery Organic Ice Cream due to possible metal fragments. Several flavors and sizes have been recalled,...

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Business news • May 15

Original Tommy's marks 80th anniversary with 80-cent chili cheeseburgers

The Original Tommy's burger chain kicked off a celebration of its 80th anniversary by offering 80-cent chili cheeseburgers in a one-day-only deal.

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Business news • May 15

Fire that caused Penn Station commuting nightmare likely sparked by debris from new Amtrak Acela

The electrical fire that knocked out LIRR and NJ Transit service to New York Penn Station on Thursday was likely caused when a loose panel on an Amtrak...

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Business news • May 15

Yields surge to one-year high as oil prices and inflation data rattle markets

NEW YORK, May 15 (Reuters) - U.S. Treasury yields climbed to their highest levels in a ​year on Friday as a spike in oil prices tied to ongoing energy...

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Business news • May 15

What you need to know about Nvidia competitor Cerebras after wild IPO

Nvidia competitor Cerebras made a stunning debut on Wall Street Thursday, signaling unstoppable demand for AI chips. Here's how its chips compete with...

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Business news • May 15

The 5 most unhinged revelations from Elon Musk’s lawsuit against OpenAI

The Musk v. OpenAI trial featured a golden donkey, a haunted mansion, and the future of AI.

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Business news • May 15

Coinbase, Robinhood Stocks Lose Momentum After Big Crypto Bill Win

Bitcoin, Ethereum, and crypto-related stocks are unable to keep up their momentum after the Clarity Act passes the Senate Banking Committee.

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Business news • May 15

Cerebras Stock Falls After Explosive IPO. 2 Reasons to Be Wary.

Cerebras stock saw huge gains on its public-market debut but there are reasons to be cautious.

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Business news • May 15

Power Prices in Eastern U.S. Spike 76% Thanks to AI Data Centers

America's largest power grid is under enormous strain from AI data centers. And a new report details how wholesale electricity prices have jumped nearly 76%...

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Business news • May 15

Ford City Mall To Close In June

Shoppers have until noon June 22 to visit the mall, which opened in 1965 and has been deteriorating for years. Sixteen tenants remain, including the city's...

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Business news • May 15

U.S. Chip Stocks Drop as Trump’s China Trip Ends with No Major Deal

Shares in U.S. chipmakers Nvidia ($NVDA), Intel ($INTC), and Advanced Micro Devices ($AMD) dropped on Friday afternoon after President Donald Trump ended...

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Business news • May 15

Amazing: An Inside Look At Spirit Airlines’ Aircraft Repo Operation

Here's a must-see video about the company and pilots responsible for repo'ing Spirit Airlines' planes, following the carrier's liquidation.

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Business news • May 15

Hands-On: The Swatch x Audemars Piguet Royal Pop (Impressions, Live Photos, And More)

Earlier in the week, I got a chance to see the new Swatch x Audemars Piguet Royal Pop collaboration in person, the hottest (and most hotly debated) thing...

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Business news • May 15

Volkswagen shows its first electric GTI; there’s no chance of US sales

The ID. Polo GTI takes plenty of inspiration from the original Golf GTI of 1976.

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Business news • May 15

Traders now see next Fed interest rate move as a hike following inflation surge

Following a week of surprisingly high inflation readings, traders in the fed funds futures market are pricing in an interest rate increase as soon as...

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