Business news

Business news • May 09

US Senate Committee set to consider long-awaited crypto bill next week

May 8 (Reuters) - U.S. senators are set to consider long-awaited legislation that would create a regulatory framework for cryptocurrency next week,...

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Business news • May 09

Stock Market News, May 8, 2026: Blistering Chip-Stock Rally Lifts Nasdaq to Another New High

Intel soars on Apple deal; Jobs number better than expected.

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Business news • May 09

Gavin Newsom rejects gas tax suspension, blames Trump for soaring prices

California drivers are paying the highest gas prices in America while Gavin Newsom still refuses to suspend the state gas tax.

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Business news • May 08

White House prepares to replace FDA leader Marty Makary amid agency turmoil

FDA Commissioner Marty Makary has faced criticism over his leadership of the agency that oversees vaccine and drug approvals.

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Business news • May 08

Major crypto bill slated for May 14 Senate Banking Committee vote

The crypto industry's top legislative priority, a bill determining oversight of digital assets, is set to advance in the Senate Banking Committee.

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Business news • May 08

Trump may fire FDA chief Marty Makary, reports say

May 8 (UPI) -- President Donald Trump intends to fire Food and Drug Administration Commissioner Marty Makary because he is frustrated with the agency.

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Business news • May 08

Trump Is Planning to Fire FDA Commissioner Marty Makary

WASHINGTON—President Trump has signed off on a plan to fire Food and Drug Administration Commissioner Marty Makary, according to people familiar with the...

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Business news • May 08

Justice Dept. Settles Case Against Provider of Meat Industry Data

The Justice Department has filed a proposed settlement in its antitrust lawsuit against Agri Stats, a data provider and consulting company for meat...

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Business news • May 08

What a stronger than expected jobs report tells us about the state of the economy

The Labor Department reported Friday that unemployment held steady in April and that the U.S. added 115000 jobs, surpassing expectations.

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Business news • May 08

Donald Trump expected to fire head of Food and Drug Administration

President Donald Trump is expected to fire Marty Makary, the head of the US Food and Drug Administration, according to people familiar with the matter,...

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Business news • May 08

USPS floats more financial aid from Congress as way to avoid running out of cash next year

The Postal Service is floating the possibility of Congress stepping in to provide more financial assistance to keep the largely self-funded agency from...

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Business news • May 08

Makary thought his job as FDA commissioner was safe – until the moment it wasn’t

HHS pushed President Donald J. Trump to oust the top drug regulator, according to a White House official.

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Business news • May 08

Stock market today: S&P 500, Nasdaq post 6th weekly win as chip stocks rally, jobs data boosts sentiment

US stocks climbed to record highs on Friday as tech led, with investors digesting a surprisingly strong April jobs report while weighing escalating tensions...

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Business news • May 08

Trump weighs firing Dr. Marty Makary as FDA chief

President Donald Trump is considering firing Dr. Marty Makary after simmering frustration with his performance as FDA chief, a source familiar with the...

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Business news • May 08

ChatGPT boom fuels a luxury housing frenzy in Bay Area

Bay Area luxury home prices surged 13.4% in the two years after ChatGPT's launch, according to Redfin, while the most affordable ZIP codes saw a 3.8%...

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Business news • May 08

White House’s ‘lack of organization’ has AI lobbyists fretting

The Trump administration's shifting stance on regulating artificial intelligence is fueling fresh uncertainty for the tech industry.

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Business news • May 08

Forget Nvidia (NVDA), Focus on This “Agentic AI” Winner Instead

Advanced Micro Devices ($AMD) hit a new 52-week high on Friday, extending a powerful rally of 112.6% year-to-date, which has turned the company into one of...

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Business news • May 08

Banking Industry Says Clarity Act Stablecoin Proposal Would Enable 'Evasion'

Top banking groups say the new Clarity Act language leaves loopholes regarding stablecoin yield. The compromise would ban direct yield on stablecoins but...

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Business news • May 08

Whoop trackers will provide users with on-demand video access to licensed clinicians

Whoop, a screen-free fitness wearable with more than 2.5 million users, announced that it's bringing on-demand video consultations with health professionals...

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Business news • May 08

Lawsuit Accuses Lucky Strike of Building a Bowling Monopoly

The suit, filed by bowlers from several states, accuses Lucky Strike Entertainment of driving up prices and diminishing customers' experiences across the...

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