Business news

Business news • May 08

AMD, Micron shares surge on a big day for chip-sector outperformance

The chip sector outperformed the S&P 500 on Friday to a degree not seen in over a year, as artificial-intelligence mania kicked into a new gear.

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Business news • May 08

Former Wachtell lawyer turned banker linked to insider trading case, sources say

A ​former attorney at Wachtell, Lipton, Rosen & Katz who went on to join an investment bank is an unindicted co-conspirator in a vast insider trading case...

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Business news • May 08

US stocks rise to records after a solid jobs report overshadows higher oil prices

U.S. stocks rose to records following the latest sign that the nation's job market is doing better than economists expected.

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Business news • May 08

Disney’s Josh D’Amaro Manifesto Translator

In his first earnings call as C.E.O., D'Amaro dropped a 3000-word mission statement preaching A.I., a “One Disney” strategy, and a super-app to end all...

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Business news • May 08

US jobs data beats expectations for second month in a row

The US economy created 115,000 jobs in April as businesses kept hiring despite the economic fallout from the US-Israel war in Iran.

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Business news • May 08

Social Security Is Broken. Benefit Cuts for the Rich Are the Fix.

Benefit caps on wealthy retirees could prevent Social Security insolvency, Maya MacGuineas writes.

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Business news • May 08

Stock Market Today: Nasdaq, S&P 500 Score Record Closes On Iran Hopes; Nvidia Hits Highs (Live Coverage)

The Nasdaq composite and the S&P 500 rose to finish at record closes Friday, finding support from a better-than-expected jobs report for April and the...

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Business news • May 08

White House considering naming FDA food chief as acting commissioner

The White House is considering naming ​FDA Deputy Commissioner Kyle Diamantas, who heads ‌up the agency's food group, as acting commissioner of the agency...

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Business news • May 08

Momentum Trade at New Extremes Is Drawing Wall Street Warnings

The momentum trade — buy what's winning, sell what isn't — was already running red-hot heading into this week. Now a pause in the Iran war, strong US jobs...

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Business news • May 08

Markets News, May 8, 2026: Tech Shares, Strong Jobs Report Help S&P 500, Nasdaq Close at Record Highs, Post 6th Straight Week of Gains

Major stock indexes ended higher Friday, with technology shares helping the S&P 500 and Nasdaq Composite set fresh intraday and closing records, after the...

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Business news • May 08

What Toyota’s Earnings Say About Tesla Stock

Tesla stock was rising after Toyota reported fiscal year 2026 earnings and provided an outlook for fiscal year 2027.

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Business news • May 08

Here's What's Going To Happen To The 91 Planes Abandoned By The Failure Of Spirit Airlines

Spirit Airlines ceased operations abruptly last week after two bankruptcies, high fuel prices, and a government bailout that failed to go through.

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Business news • May 08

Apple, Intel reach preliminary chip-making deal, WSJ reports

Intel has reached a preliminary deal to make some chips for Apple devices, the Wall Street Journal reported on ​Friday, in a potential boost to Intel's...

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Business news • May 08

Inspire Brands Announces Confidential Submission of Draft Registration Statement for Proposed Initial Public Offering

Inspire Brands, Inc. (“Inspire Brands”) today announced that it has confidentially submitted a draft registration statement on Form S-1 with the Securities...

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Business news • May 08

Thermoses Linked to Permanent Vision Loss

Thermos is recalling millions of its insulated bottles and jars after reports of customers suffering permanent vision loss.

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Business news • May 08

Trump has signed off on ousting FDA chief, senior official says

President Donald Trump has signed off on a plan to oust US Food and Drug Administration Commissioner Dr. Marty Makary, according to a senior administration...

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Business news • May 08

The University of Michigan may have landed the steal of the AI era

The University of Michigan's early stake in OpenAI, before Microsoft's massive investment, could yield $2 billion.

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Business news • May 08

The Controversial Walmart Feature Was Just Banned in One State—and More Could Soon Follow

On April 28, Maryland Governor Wes Moore signed into law the Protection From Predatory Pricing Act, which prohibits price manipulation based on surveillance...

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Business news • May 08

Claude, brought to you by Elon Musk

Anthropic now relies on a huge SpaceX data center for AI compute, tying Claude's rapid growth and reliability to Elon Musk.

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Business news • May 08

Memory Stocks Continue to Surge. What’s Driving Micron and Sandisk Higher.

Micron Technology and Sandisk stock continued their historic rally this week, thanks to a flurry of AI headlines signaling overwhelming demand and limited...

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