Business news

Business news • May 12

Explainer: What is in the US Senate's landmark crypto bill?

May 12 (Reuters) - The U.S. Senate Banking Committee late on Monday unveiled the text of a long-awaited, landmark bill that would create a regulatory...

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Business news • May 12

Inflation Accelerates After Weeks of War in Iran

The Consumer Price Index rose 3.8 percent in April from a year earlier, as increasing energy costs replaced tariffs as the driver of higher prices for...

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Business news • May 12

Tariff Refund Process Sparks ‘Grave Concerns,’ State Treasurers Tell Trump

A group of state treasurers and fiscal leaders pushed President Donald Trump in a letter to make the tariff refund process more transparent,...

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Business news • May 12

Elon Musk Is Expected to Join Trump in China. What It Means for Tesla Stock.

Coming into Tuesday trading, Tesla stock had gained more than 14% over the past four trading days.

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Business news • May 12

Samsung Electronics, S. Korean labor union fail to reach pay deal, strike looms

Samsung Electronics and its South Korean labor union failed to reach a pay deal on Wednesday, its union leader said, expecting over 50000 workers would go...

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Business news • May 12

Traders will soon be able to bet on computer chip prices as AI drives costs skyward

Contracts can be used to hedge against rising GPU rental rates and other operational costs.

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Business news • May 12

Introducing The Swatch x Audemars Piguet "Royal Pop" Collaboration Is Here, And It's Not A Wristwatch

The cat is out of the bag on what is likely to be the biggest watch news of the year. The Swatch x Audemars Piguet "Royal Pop" just launched,...

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Business news • May 12

A salmonella outbreak has prompted a recall of potato chips, popcorn and more. Here's what you should toss.

Salmonella can cause gastrointestinal disease, but most people recover within a week.

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Business news • May 12

The Iran war is hitting home as gasoline prices fuel inflation surge of 3.8% in the US

WASHINGTON (AP) — U.S. consumer prices climbed sharply again last month as the 10-week war with Iran delivered higher gasoline prices and more pain for...

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Business news • May 12

Companies start getting tariff refunds after Supreme Court decision

After the Supreme Court ruled some of President Trump's tariffs unconstitutional, the first wave of tariff refunds have begun flowing in.

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Business news • May 12

Rejoice, Buc-Ee's Fans: The Gas Station Chain Is Expanding To These 6 States

Buc-Ee's, a gas station chain that sells tasty treats and kitchen decor, is expanding to Arizona, Kansas, Arkansas, and Wisconsin.

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Business news • May 12

Amazon rolls out 30-minute delivery on thousands of groceries and essentials

Amazon Now delivers thousands of items—from fresh groceries to everyday household essentials—in 30 minutes or less. Amazon Now is widely available in...

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Business news • May 12

Why the oil crisis could become a full-blown catastrophe within a month

Global crude reserves are rapidly depleting, pushing the world toward scarcity.

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Business news • May 12

Why Kevin Warsh is likely to run afoul of Trump at the Fed

Price spikes because of the war in Iran and internal divisions on the central bank will make it difficult for the incoming Fed chair to cut interest rates...

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Business news • May 12

Laid-off GM employees tell of ominous email, severance and role of AI

General Motors employees who were laid off Monday described their job terminations to CNBC.

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Business news • May 12

Report: Google and SpaceX in talks to put data centers into orbit

Google and SpaceX are in talks to build data centers in orbit, pitching space as the future home for AI compute, even as costs today remain far higher than...

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Business news • May 12

Crypto bill ethics talks wobble as senators eye Trump engagement

Senators emerged from a closed-door meeting focused on ethics language that Democrats want to insert into landmark cryptocurrency legislation split over the...

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Business news • May 12

Sam Altman’s Business Dealings Under GOP Scrutiny Ahead of OpenAI’s IPO

Republican-led House Oversight Committee says it is investigating, and a group of GOP state attorneys general are calling for SEC review after WSJ article.

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Business news • May 12

Japan Turns to Anthropic’s Mythos AI as Its Weapon Against Cyber Threats

Japan is in talks with Anthropic, the artificial intelligence (AI) firm behind Claude, to gain access to its new Mythos AI model, government sources...

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Business news • May 12

United Flight Attendants Ratify New Contract

WASHINGTON, D.C. (May 12, 2026) — United Flight Attendants, represented by the Association of Flight Attendants-CWA, today voted by 82% to ratify a new...

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