Business news

Is California at risk of a gasoline shortage amid the Iran war? Experts explain

Sky-high gasoline prices are hammering drivers across the United States as the Iran war chokes off global oil supply. California, however, may be feeling...

Trump’s surprise Iran move sends markets higher

A surprise move from the White House triggered sharp swings across markets.

Nvidia’s new deal with Corning validates one of the hottest AI trends out there

Optical components are increasingly in short supply, and Nvidia is partnering with key players to gain an edge.

Lucid Suffers A Net Loss Of $1 Billion In The First Quarter Of 2026

Good morning! It's Monday, May 4, 2026, and this is The Morning Shift, your daily roundup of the top automotive headlines from around the world,...

AirAsia places landmark order for 150 A220s

Malaysia's AirAsia has placed an order for 150 latest generation A220-300 aircraft.

BMW opens 2027 iX3 preorders starting at $61,500 with up to 434 miles of range

The 2027 iX3, BMW's first Neue Klasse vehicle, is now available to order in the US starting at $61,500. BMW's electric SUV delivers more range than expected...

Popular snack brand recalls these potato chips for salmonella risk

The recall was issued after the company learned that the chips' seasoning was made with a dry milk powder that may contain salmonella.

Rocket Companies Faces AI Driven Housing Split And Data Center Backlash

Redfin, powered by Rocket Companies, reports a sharp split in San Francisco Bay Area home prices post ChatGPT, with luxury zip codes rising while more...

New video shows view from Newark Airport as United jet hits truck on NJ Turnpike

The United flight was approaching Newark Airport when it happened. Security video shows what it looked like from the outside.

Disney+ Will Become 'Immersive, Interactive Digital Centerpiece' of the Company, CEO Josh D'Amaro Says

Fresh-in-the-saddle Disney boss Josh D'Amaro is pushing forward on an initiative already underway to make Disney+ the primary touchpoint for Mouse House...

Bank of America sends clear message on Palantir stock after earnings

Bank of America reiterated its Buy rating on Palantir after the AI software company posted blowout earnings and raised guidance.

Big Tech Buyouts: Strategic Staff Reductions and The Shift To Capital Investment -

The financial motivation for big tech buyouts at Microsoft and Meta is clear. The programs allow the employer to reset its balance sheet.

Lilly commits additional $4.5 billion across Indiana manufacturing sites, opens first dedicated genetic medicine facility

FDA announces its first approval of fruit-flavored e-cigarettes for adults in major shift under Trump

The Food and Drug Administration on Tuesday announced its first authorization of fruit-flavored electronic cigarettes intended for adult smokers.

Private payrolls rose by 109,000 in April, topping expectations, ADP says

Private companies added 109,000 jobs for the month, a step up from the 61,000 created in March and better than the Dow Jones consensus estimate for 84,000,...

Inside the Debate About Adding Stocks to Trump Accounts

Trump administration officials are weighing a plan that would allow wealthy individuals to donate shares in their companies to the investment accounts.

Trump's tariffs have done 'significant damage' to the U.S. economy, says Moody's chief economist

Economists now have more than a years' worth of data to pick over when it comes to the impact of Liberation Day tariffs. While some might argue the revenue...

Diesel price spike raises stakes for Trump, GOP ahead of midterms

A surge in diesel costs is set to ripple through the U.S. economy, raising prices on everything from groceries to housing and adding new political risk for...

The war with Iran is ‘over’ but the jet fuel crisis is about to begin

The world's oil supply will sink to just 98 days of demand by the end of May, according to new research from Goldman Sachs. Europe's jet fuel supplies are...

Buc-ee’s sues Georgia competitor with ‘confusingly similar’ brand

In a fight over cartoon animal mascots, Texas-based convenience store chain Buc-ee's is suing Georgia competitor Teddy's Market for trademark infringement.