Business news

Business news • May 14

Nearly 40% chances of stagflation by end of 2026, traders say

Kalshi traders predict a nearly 40% chance that stagflation, high inflation and unemployment, will impact the economy by end of 2026.

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Business news • May 14

OpenAI is reportedly preparing legal action against Apple; it wouldn't be the first partner to feel burned

OpenAI is so frustrated with Apple over a ChatGPT integration that failed to deliver the subscribers and prominence it expected that the company is now...

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Business news • May 14

Chinese parts are already in U.S. cars as lawmakers warn Trump against China auto deal

Lawmakers in both parties are warning President Donald Trump not to give Chinese automakers a path into the U.S. market during talks with his Chinese...

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Business news • May 14

Why are so many U.S. CEOs in China with Trump, and what do they want?

Chinese President Xi Jinping told U.S. CEOs traveling with President Trump to China that it will open further to American business, a key goal for corporate...

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Business news • May 14

Fed Governor Miran submits resignation, throws support behind Warsh as new chair

Fed Governor Stephen Miran officially handed in his resignation letter Thursday, saying he will vacate his spot on the central bank board when or just...

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Business news • May 14

Chaos at Penn Station as fire breaks out, upending LIRR and NJ Transit service

Train disruptions persisted into the Thursday evening rush after a morning fire in an East River tunnel upended service in and out of Penn Station.

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Business news • May 14

Bitcoin hits $82,000, Coinbase leads crypto stock gains as Clarity Act advances

The upbeat public debut of AI chipmaker Cerebras is also helping to lift both crypto and traditional markets.

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Business news • May 14

Tax refunds help to lift US retail sales; drag from rising inflation looms

By Lucia Mutikani WASHINGTON, May 14 (Reuters) - U.S. retail sales increased solidly for a third straight month in April, though part of the rise in...

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Business news • May 14

The Volkswagen ID. Buzz Returns For 2027 With New Trims And One Big Fix Owners Wanted

Volkswagen said the ID. Buzz will return for model year 2027 with a bunch of small upgrades inside and out.

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Business news • May 14

Anthropic's Mythos is evolving faster than expected, reports AI safety agency

Only a month after its initial release, Anthropic's storied Mythos model is breaking new testing boundaries.

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Business news • May 14

The Trump phone will start shipping following months of delays

Nearly a year after Trump Mobile started taking $100 deposits and a few days after its website updated to say delivery was “conditional,” the gold-plated...

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Business news • May 14

Cerebras pops 68% in Nasdaq debut, pushing the AI chipmaker's market cap to $95 billion

Cerebras is taking advantage of a bull market for silicon, as the chipmaker becomes one of the most notable pureplay AI IPOs to date.

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Business news • May 14

OpenAI explores legal options against Apple, Bloomberg News reports

May 14 (Reuters) - Apple's two-year-old partnership with OpenAI has become strained, with the AI startup failing to see the expected benefits from the deal...

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Business news • May 14

Cisco announces record revenue and 4,000 layoffs in the same day

Following a quarter in which his company delivered record revenue, Cisco CEO Chuck Robbins announced that the company's latest round of layoffs begins today...

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Business news • May 14

Apple-OpenAI Alliance Frays, Setting Up Possible Legal Fight

Apple Inc.'s two-year-old partnership with OpenAI has become strained, according to people familiar with the matter, with the AI startup failing to see the...

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Business news • May 14

New Honda Accord and Acura RDX Hybrids Are Coming. Here's What They Might Look Like

Honda is working on 15 new hybrid vehicles, including the next-generation Honda Accord and Acura RDX, which were recently previewed by a pair of prototypes.

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Business news • May 14

Bank of America resets Nvidia stock price target for 2026

BofA raised Nvidia's price target to $320 on a $1.7T AI data center TAM forecast. Here is analyst Vivek Arya's thesis and what the May 20 earnings must...

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Business news • May 14

Why Cerebras AI chips stand out in the Nvidia-dominated market

AI chip company Cerebras (CBRS) went public Thursday, the first of what is expected to be a handful of major AI-based initial public offerings in 2026.

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Business news • May 14

Supreme Court Just Dropped Two Unanimous Opinions—Here’s What They Decided

The U.S. Supreme Court on Thursday issued two unanimous rulings that fundamentally reshape the legal guardrails for the shipping and employment industries.

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Business news • May 14

Musk accused of 'selective amnesia,' Altman of lying as OpenAI trial nears end

A lawyer for Elon Musk hammered at the credibility of OpenAI CEO Sam Altman on Thursday, near the end of a trial over whether to hold the ChatGPT maker and...

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