Business news

Business news • May 11

Elon Musk, Apple's Cook and Boeing CEO going to China with Trump, official says

US and China expected to announce trade forums and major business deals.

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Business news • May 11

'The market has jumped the shark' Michael Burry says as he issues a new warning

Michael Burry warns the stock market rally may be near a turning point as valuations and speculation rise amid Iran diplomacy hopes—get the key risks now.

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Business news • May 11

The American housing market is broken—and 3 years in, it’s starting to look permanent

Sales of previously occupied U.S. homes were essentially flat in April, another lackluster showing for the housing market during what's traditionally its...

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Business news • May 11

'The market has jumped the shark': Michael Burry says stocks may finally be at the precipice of a major reversal

Burry said that history appears to be repeating, pointing to major reversals from peaks in the dot-com boom and during the 1920s.

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Business news • May 11

Amid M&A buzz, Inhibrx's OX40-Keytruda combo shows promise in early look at midphase data

Adding Inhibrx's OX40 agonist to Keytruda doubled the response rate in a midphase clinical trial, encouraging the biotech to advance the program.

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Business news • May 11

OpenAI creates new unit with $4 billion investment to aid corporate AI push

May 11 (Reuters) - OpenAI said on Monday it is setting up a new company with more than $4 billion in initial investment to help organizations ​build and...

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Business news • May 11

Terrifying Footage Shows Frontier Passengers Flee After Jet Strikes Person on Runway

A shocking video has captured the moment Frontier Airlines passengers rushed to evacuate after their aircraft fatally struck a person on the runway.

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Business news • May 11

AI Chipmaker Cerebras Seeks $4.8 Billion in Upsized US IPO

Cerebras Systems Inc. increased the size of its initial public offering, now seeking to raise as much as $4.8 billion, as demand for the artificial...

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Business news • May 11

Walmart, Target and Dollar General Spend Billions to Make Stores Look Nicer

Walmart, Target and Dollar General are among those investing in remodeling thousands of existing stores, even as shoppers take their dollars online.

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Business news • May 11

Senate Banking Committee to vote on Clarity Act crypto bill

The Senate Banking Committee is scheduled to vote this week on the Clarity Act, legislation that would establish a regulatory framework for the...

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Business news • May 11

Amazon to stop selling ‘hooligan bikes’ in California after investigation

Amazon says it will stop allowing the sale of high-speed electric motorbikes in California that exceed the state's legal e-bike limits, marking one of the...

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Business news • May 11

Sony’s failed war against Internet piracy may doom other copyright lawsuits

Sony and other major record labels recently suffered a thorough defeat at the Supreme Court in their attempt to make Internet service providers pay huge...

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Business news • May 11

China’s passenger car exports surge nearly 85% in April as domestic sales slump

China's exports of passenger cars have surged in April, according to an industry group. The China Association of Automobile Manufacturers reported an almost...

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Business news • May 11

Bond Traders Brace for Inflation Data as Fed’s Powell Era Ends

(Bloomberg) -- Investors are awaiting a key US inflation report to gauge how long a Federal Reserve under Kevin Warsh can afford to hold interest rates...

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Business news • May 11

A $400 AI Bet That’s Actually a High-Stakes Wager on the Future of Work

Two prominent economists differ on how quickly artificial intelligence will reshape the US job market.

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Business news • May 11

Fuel, munitions and food: Trump’s Iran war rips across US economy

Donald Trump's Iran war is ripping across the US economy at a cost of hundreds of billions of dollars in lost output, as soaring fuel prices,...

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Business news • May 11

Researchers find 42% drop in Canadians visiting US metro areas amid Trump 2.0

Data from University of Toronto suggests Canadians are avoiding US cities during the second Trump administration.

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Business news • May 11

AI chats are the new diary. And they're admissible

The juicy personal texts, emails and digital diary entries of the biggest AI execs revealed in Elon Musk's lawsuit against OpenAI highlight how the chats...

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Business news • May 11

The World’s Highest-Flying Repo Men Are Collecting Spirit Airlines’ Jets

Company's collapse started the clock on a mission to retrieve dozens of planes and deposit them in Arizona boneyards; 'Can I fly in shorts?'

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Business news • May 11

Think $6 Gas Is Bad? It’s About to Get Even Worse in California

A supertanker docked in Long Beach just delivered California's last incoming shipment of Middle Eastern oil, a milestone for drivers already paying the...

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