Business news

Business news • May 15

US debt load could undercut Warsh's plan to shrink Fed balance sheet

WASHINGTON, May 15 (Reuters) - Incoming Federal Reserve chief Kevin Warsh's plans to shrink the U.S. central bank's "footprint" in financial markets could...

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Business news • May 15

BMW Alpina Debuts Its First Concept Car—Previewing A Future Production Model

BMW Alpina is preparing to launch its first new model next year and is previewing it with a one-of-one design concept that looks ready for production.

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Business news • May 15

Mortgage Rates Surge Toward 8-Month Highs

Mortgage rates are driven by bonds and the bond market hoped to see more evidence of shift toward peace during the 2-day Trump/Xi meeting in China.

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Business news • May 15

Demand for longer-term U.S. debt gets weaker as one shock after another stokes fear that high inflation is here to stay

On Wednesday, the Treasury Department sold $25 billion of 30-year bonds at a 5% yield for the first time since 2007.

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Business news • May 15

Ryan Cohen's eBay stunt earned him $168K. His top sale was a Halo Master Chief statue.

CEO Ryan Cohen's other top sales included two signs from shuttered GameStop stores ($14921) and two collectible "South Park" statues ($13400).

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Business news • May 15

Does Trump Mobile know how many stripes are on the American flag?

The Trump Mobile T1 Phone may have a US flag on the rear, but not as we know it.

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Business news • May 15

North America’s largest commuter rail system faces a potential shutdown

North America's largest commuter rail system is facing a potential shutdown as a deadline nears to reach a deal with unionized workers to avert a strike.

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Business news • May 15

Rivian opens R2 configurator: here are all the options and pricing

Rivian has opened the online configurator for the R2, its critical mid-size electric SUV, giving reservation holders their first chance to spec out the...

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Business news • May 15

Dominoes are steadily falling in the path of the rate cuts Trump wants to see from Kevin Warsh

"In his confirmation hearing, Warsh testified that 'inflation is a choice.' He may get the chance to prove he actually believes it."

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Business news • May 15

Honda shows off new hybrids for America as it absorbs $9 billion EV loss

The automaker marked its first annual loss in more than 70 years.

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Business news • May 15

Officials outline contingency plans ahead of midnight LIRR strike deadline

The Long Island Rail Road is facing a potential shutdown as a deadline nears to reach a deal with unionized workers to avert a strike.

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Business news • May 15

One Small Fortune, 36 Grandkids and an Inheritance Stuck in Limbo

A family's fight over a retirement account shows the pitfalls around updating beneficiary information.

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Business news • May 15

Stephen Miran exits the Fed. How he set the stage for Kevin Warsh.

The outgoing Fed governor shares big ideas with the incoming chair.

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Business news • May 15

Space stocks fall as SpaceX’s ambitious IPO draws near

Whether the blockbuster IPO is good news or bad news for much smaller space stocks remains to be seen.

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Business news • May 15

Is Microsoft a Must-Have or a Must-Sell? Hedge Funds Take Sides.

Microsoft has invested $12 billion in OpenAI over the past seven years, and now has a 27% stake in that company worth a staggering $230 billion.

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Business news • May 15

Stocks and bonds get swept up in a selloff, as Trump’s China visit fails to pry open the Strait of Hormuz

U.S. markets sold off sharply Friday as global oil prices topped $109 a barrel, inflation fears gripped Wall Street and President Donald Trump's China trip...

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Business news • May 15

Starbucks to lay off 300 US corporate workers and close regional offices

Starbucks said Friday it's laying off 300 corporate employees and closing some U.S. offices as part of its ongoing turnaround. No coffeehouse employees are...

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Business news • May 15

Starbucks to Layoff 300 Corporate Workers

Starbucks will eliminate 300 corporate jobs in the United States and close four regional offices as part of its turnaround effort, the company said on...

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Business news • May 15

A closely guarded plan to cool Earth is revealed

A company that aims to make billions of dollars by cooling the Earth has lifted the veil of secrecy that until now has hidden its plans for preventing...

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Business news • May 15

Nvidia’s Future in China Remains Unclear After Trump-Xi Summit

The standoff comes as Chinese firms increasingly turn to domestic chipmakers like Huawei, in a drive to reduce China's dependence on Western technologies.

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