Business news

Stock Market News, May 12, 2026: Nasdaq Pares Losses as Investors Digest Inflation Jump

Bond yields hit highest level in a year; Intel, Qualcomm drop sharply.

Asia markets mixed as investors watch Trump-Xi meeting and Iran tensions

Asian markets open broadly lower Wednesday as investors grappled with hotter-than-expected inflation, U.S.-Iran tensions and U.S.-China trade talks.

Anthropic in Talks to Raise Funding at a $950 Billion Valuation

Anthropic, the high-flying artificial intelligence start-up, is in talks with investors to raise between $30 billion and $50 billion in new funding that...

Sam Altman was winning on the stand, but it might not be enough

Sam Altman may be unreliable, but the documents in the case largely support his account. Unfortunately, this isn't just about the trial.

Daily pill to help keep weight off after stopping obesity jabs

The tablet - orforglipron - is available in the US and could soon launch in the UK.

Person Fatally Struck by Frontier Airlines Jet at Denver Airport Is Identified

The man who was fatally struck by a jet on a runway in Denver last week made it past motion sensors and radar detectors before scaling a tall fence to reach...

Lilly's Foundayo and lower-dose Zepbound helped people maintain weight loss after switching from higher doses of injectable incretin therapy in two late-phase trials

Walmart Lays Off or Relocates About 1,000 Corporate Workers

Retailer cuts jobs as it combines more of its global-tech and product teams.

Musk, Cook and other prominent US executives invited to join Trump on trip to China

Prominent U.S. executives from Big Tech, agriculture as well as aerospace and defense have been invited to join President Donald Trump on his trip to China...

OpenAI’s Sam Altman takes the stand to fend off Elon Musk’s accusations he ‘stole a charity’

OpenAI CEO Sam Altman took the stand on Tuesday to defend himself against accusations from co-founder-turned-adversary Elon Musk that he "stole a charity"...

SAP Unveils the Autonomous Enterprise

Unveiling the Autonomous Enterprise at SAP Sapphire, the company is introducing the SAP Business AI Platform and deepening partnerships.

OpenAI trial recap: Altman testifies he never promised Musk to keep company a nonprofit

Elon Musk is accusing OpenAI CEO Sam Altman and President Greg Brockman of trying to 'steal a charity.'

US consumer finance agency to bring staff back to office year after closure

WASHINGTON, May 12 (Reuters) - Leadership at the U.S. consumer finance watchdog plans to recall staff to the office more than a year after the Trump...

Iran war oil shortage forces Japan snack giant to use black-and-white packaging

Calbee to switch its brightly coloured packaging to black and white because war has disrupted supply of certain raw materials used in ink.

Inflation hits 3.8% in April 2026, highest since 2023

U.S. inflation hit 3.8% in April, the highest since 2023, as energy costs drove nearly half of the monthly increase.

Businesses starting to receive their IEEPA tariff refunds

"I'd been checking the status feverishly to see if anything was in my bank account," one small business owner said.

US tariff refunds start rolling out as Oshkosh, Basic Fun report receiving payments

May 12 (Reuters) - Heavy-truck maker Oshkosh Corp and toy maker Basic Fun on Tuesday both said they had ​received partial payments of the refunds they had...

Waymo recalls robotaxis after vehicle swept away in San Antonio flood

The company is recalling nearly 3800 robotaxis after an unoccupied vehicle entered floodwaters on a San Antonio road.

U.S. has cleared $35.5 billion in illegal tariff refunds for importers

U.S. Customs and Border Protection has cleared $35.5 billion in tariff refunds for importers since launching an online portal last month to process claims...

OpenAI's Altman faces questions about lying, disclosures from Musk's attorney in trial

OpenAI CEO Sam Altman faced questions related to accusations of lying and deciving the company's board as part of Elon Musk's suit againt the him.