Business news

Business news • May 10

Hormuz disruption sends shock through oil and food supply chains

Supply chain disruptions caused by the Iran war are spreading beyond oil markets into global food and chemical industries, according to media reports.

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Business news • May 10

Consumers Lean on a ‘Hamster Wheel’ of Credit to Manage Rising Costs

As prices increase for gas, groceries and other staples, more and more households are borrowing to get by.

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Business news • May 10

$7 Billion In Perfectly Timed Oil Bets Sparks Insider Trading Fears

Traders executed massive sell orders in Brent, WTI, gasoline, and diesel futures shortly before ceasefire announcements, strike delays, and Strait of Hormuz...

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Business news • May 10

Share futures wobble, dollar gains as Gulf talks teeter

SYDNEY, May 11 (Reuters) - The dollar climbed in Asia on Monday on signs that ​talks between the United States and Iran were deadlocked, leaving the vital...

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Business news • May 10

590,000 buyers paid $59 million for Trump's gold phone — not 1 has shipped and refunds look unlikely

Customers paid a collective $59 million toward a gold smartphone that Trump Mobile promised would be “Made in the USA” — but that doesn't seem to have...

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Business news • May 10

Markets dip as US-Iran ceasefire goes nowhere, leaving Trump with a military option to reopen Hormuz

Hopes for a peace deal with Iran waned on Sunday, raising the risk that the global energy crisis will drag on and leaving the U.S. to weigh military...

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Business news • May 10

U.S. stock futures fall, oil surges as Trump calls Iran’s latest offer to end war ‘totally unacceptable’

U.S. stock-index futures fell and oil prices rose on Sunday, after President Donald Trump called Iran's response to the latest U.S. proposal to end the war...

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Business news • May 10

US Stock Futures Slip as US-Iran Deal Hope Fades: Markets Wrap

Asian stocks climbed as traders boosted bets on the AI trade, brushing aside Middle East tensions even after President Donald Trump's rejection of Iran's...

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Business news • May 10

Powell’s legacy as Fed chair is fighting inflation and Trump. He may lose the battle against both.

Jerome Powell will be remembered for how the struggles against inflation and to preserve Federal Reserve independence ultimately end.

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Business news • May 10

NTSB collecting information on Frontier’s emergency evacuation after Friday crash at DIA

Federal investigators were collecting information Sunday about the emergency evacuation of a Frontier Airlines flight that struck and killed a pedestrian on...

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Business news • May 10

Disney abruptly cancels cruise sailing, offers refunds

While Disney first entered the cruise world in 1998 with the maiden voyage of the Magic ship, the theme park and entertainment giant has, in recent years,...

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Business news • May 10

Energy Secretary says Trump 'open' to pausing gas tax amid climbing prices

Energy Secretary Chris Wright said the Trump administration is open to suspending the federal gas tax to lower costs for Americans consumers amid the war in...

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Business news • May 10

Market guru Yardeni sees S&P 500 hitting 8,250 this year as earnings bolster 'Roaring 2020s'

Yardeni Research President Ed Yardeni, who has been beating the drum about another Roaring Twenties since the decade began, is even more optimistic on...

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Business news • May 10

Momentum-Obsessed Traders Seek Clues on Iran Truce

Investors riding a scorching run of market momentum are likely to face a reality check when trading resumes in Asia after President Donald Trump rejected...

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Business news • May 10

Oil price hikes could mean big shifts for Florida’s crucial tourism industry

Budget-minded families could look elsewhere for trips, while luxury travel is still surging.

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Business news • May 10

OpenAI, Anthropic workers fuel S.F. rental market surge downtown - San Francisco Business Times

A lawyer earning more than $300000 with perfect credit recently lost out on a downtown San Francisco apartment to someone with a much higher salary.

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Business news • May 10

Trump Administration Is Considering Pausing the Federal Gas Tax to Lower Prices, Energy Secretary Says

Chris Wright, the energy secretary, said on Sunday that the Trump administration would be open to pausing the federal gas tax to give Americans some relief...

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Business news • May 10

NTSB gathering details on Frontier Airlines evacuation after plane hit and killed person in Denver

The National Transportation Safety Board says it is gathering information about the evacuation of a Frontier Airlines plane after it hit a person on the...

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Business news • May 10

Woman Dies After Scooter Plunges Off Pier at Carnival’s Celebration Key

An elderly guest from Carnival Celebration has died after falling off the pier at Celebration Key while riding a mobility scooter.

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Business news • May 10

Cathie Wood buys $12.9 million of tumbling tech stock

Cathie Wood, chief of Ark Investment Management, is known for making bold bets on fast-moving tech stocks. Sometimes her trades move just as quickly as the...

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