Business news

Business news • May 07

White House distances itself from tighter AI regulation

The White House is looking for “partnership” with companies rather than pursuing “government regulation,” a senior White House official said.

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Business news • May 07

US Justice Department settles Agri Stats meat pricing case

WASHINGTON, May 7 (Reuters) - The U.S. Department of Justice and six states settled their antitrust lawsuit ‌against data company Agri Stats on Thursday in...

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Business news • May 07

Microsoft unveils details of buyout push, offers cash and healthcare

Microsoft is offering a buyout program for employees that includes severance pay, continued healthcare and stock award vestments.

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Business news • May 07

Ford Teams Up With A Legendary Clothing Brand For A New Truck

Back in January, Ford Motor Company and Carhartt announced a new partnership. The two companies would not only team up for custom merchandise but also for a...

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Business news • May 07

Spirit Airlines' closure devastates airport named for golf great Arnold Palmer

Spirit Airlines suspended operations, greatly impacting Arnold Palmer Regional Airport and its employees due to rising fuel costs.

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Business news • May 07

Oil prices jump on renewed US-Iran hostilities

NEW DELHI, May 8 (Reuters) - Oil prices rose about 1% on Friday ​after renewed fighting broke out between the U.S. and Iran, threatening a shaky ceasefire...

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Business news • May 07

Article | Dems consider holding out for ethics language in Senate Banking’s crypto bill

Senate Democrats who have been negotiating with Republicans over sweeping cryptocurrency legislation are considering withholding support for the effort...

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Business news • May 07

S&P 500 pulls back from record as investors eye oil prices and Iran deal developments: Live updates

The S&P 500 and Nasdaq Composite rallied yet again to new intraday and record closing highs on Wednesday.

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Business news • May 07

San Francisco tech giant Cloudflare plans more than 1,100 layoffs

San Francisco tech company Cloudflare says it will cut more than 1100 jobs globally as it reorganizes around AI.

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Business news • May 07

Former Willkie Farr lawyer turns cooperating witness in insider trading probe

BOSTON, May 7 (Reuters) - An attorney who had been working at Willkie Farr & Gallagher in New York entered a Boston courthouse in February 2025 to make an...

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Business news • May 07

IREN Stock Rallies On Nvidia Partnership For AI Deployments

Bitcoin miner IREN continues its shift to AI infrastructure with a new strategic partnership with Nvidia. IREN stock rallies.

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Business news • May 07

HawkEye 360 IPO: Stock Surges in Trading Debut

HawkEye provides space-based intelligence to the U.S. government. It priced its IPO on Wednesday. The stock, which trades under the symbol HAWK, is soaring...

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Business news • May 07

OpenAI trial: Expert witness outlines expectations from contributors

A trial over a lawsuit against OpenAI resumes Thursday. Check here for live updates.

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Business news • May 07

Airbus Lands $19 Bil Order; Boeing Wins Air Force One Contract

Airbus lands AirAsia order for 150 planes. Boeing Air Force One contract receives update. BA rises on China order expectations.

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Business news • May 07

AI emerges as a top cause of layoffs, accounting for 26% of April's job cuts

New data shows artificial intelligence is the most cited reason for layoffs, even as economists debate whether it is truly displacing workers.

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Business news • May 07

Coinbase Swings to a Loss While Posting Another Revenue Drop

Just days after announcing deep job cuts and an artificial-intelligence push, Coinbase Global Inc. showed how tightly its fortunes remain tied to crypto...

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Business news • May 07

California farmers will destroy 420,000 peach trees after Del Monte closes canning facilities

For many warm weather fruit lovers, the prospect of unlimited ripe and rosy peaches is mouth-watering. For Central California farmers, it's more of a waking...

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Business news • May 07

How Elon grew to love Anthropic

Elon Musk's surprise Anthropic deal allows him to accomplish two things at once: turn unused compute into revenue before an expected SpaceX IPO next month...

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Business news • May 07

GameStop CEO's eBay account has been reinstated after it was suspended for 'suspicious activity'

CEO Ryan Cohen listed his "stuff" on eBay in a publicity stunt tied to GameStop's efforts to acquire the company. Then, his account got flagged.

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Business news • May 07

CoreWeave signals higher capex as component costs rise, shares fall

CoreWeave Inc raised the lower end of its annual capital expenditure forecast on Thursday, citing a rise in the prices of components, sending the cloud...

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