Business news

Business news • May 04

At Least 2 Dead as Car Slams Into Crowd in Germany

The Pussycat Dolls are canceling the North American leg of their “PCD Forever” reunion tour, joining a growing number of musicians canceling tours,...

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Business news • May 04

GameStop shares fall 10% after CEO skirts questions over eBay acquisition details

Ryan Cohen said he didn't understand questions about how the video games retailer could afford its $55.5bn bid.

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Business news • May 04

The White House Is Considering Tighter Regulation Of New AI Models

The New York Times reports that the White House may create a new working group to oversee AI development. A federal review of new AI models ahead of their...

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Business news • May 04

Delta is canceling hundreds of flights due to crew and scheduling challenges, an internal memo shows

Delta is canceling hundreds of flights — far more than its rival airlines. An internal memo reveals crew and scheduling challenges.

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Business news • May 04

Trading Day: The oil, bonds tango

ORLANDO, Florida, May 4 (Reuters) - Oil prices jumped further above the $100-a-barrel mark on Monday as Iran controls the Strait of Hormuz, despite U.S....

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Business news • May 04

A Visual Breakdown of GameStop CEO Ryan Cohen's Bizarre Interview

At various moments of CNBC's interview with GameStop CEO Ryan Cohen, the hosts laughed, exhaled, or raised their eyebrows.

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Business news • May 04

Doris Fisher, co-founder of the Gap, dies at 94 in San Francisco

Doris Fisher, co-founder of the iconic clothing retailer Gap, which opened its first store on Ocean Avenue in 1969, died over the weekend in San Francisco...

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Business news • May 04

Gas prices rise to $4.46 per gallon and oil jumps as shippers stay out of Strait of Hormuz

Gas hit $4.46 per gallon Monday as oil futures jumped after three days of declines, increasing the Iran war's direct cost to U.S. consumers.

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Business news • May 04

Trump’s former AI czar says the quiet part out loud on the economy: ‘Stopping progress in AI would be equivalent to halting the US economy’

Trump's promises on a jobs revival has yet to materialize, but AI investment is soaring.

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Business news • May 04

California: State Farm violated law in handling of L.A. fire insurance claims

The Insurance Department found hundreds of violations by State Farm and calls for millions of dollars in penalties and a possible suspension.

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Business news • May 04

Beef Processors in Spotlight as DOJ Confirms Antitrust Probe

The US Justice Department confirmed it was investigating potential antitrust violations in the meatpacking industry amid soaring domestic beef prices and a...

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Business news • May 04

Why did Spirit fail? Too many passengers hated flying it

Lousy service, not the Iran war, killed Spirit Airlines. Spirit was doomed to fail because of mismanagement, deep financial problems, and – crucially – its...

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Business news • May 04

Just 11 States Still Have Gas Below $4 as Prices Keep Rising—See Your State Average

As prices at the pump continue to climb nationwide, sub-$4 gas is becoming harder to find. See which states are now the most and least expensive.

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Business news • May 04

Musk threatened to turn OpenAI's Altman and Brockman into 'most hated men in America' ahead of trial

Elon Musk threatened to make OpenAI (OPAI.PVT) CEO Sam Altman and president Greg Brockman “the most hated men in America,” just before his lawsuit against...

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Business news • May 04

Brockman Says His Stake in OpenAI Worth Nearly $30 Billion

OpenAI co-founder and President Greg Brockman testified that his stake in the startup is now worth almost $30 billion, prompting an attorney for Elon Musk...

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Business news • May 04

Doris Fisher, co-founder of Gap and major S.F. arts patron, dies at 94

Doris Fisher, who co-founded Gap Inc. with her late husband, Donald Fisher, and helped turn a San Francisco jeans shop into a global retail company that...

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Business news • May 04

Doris Fisher, Co-Founder of the Gap, Dies at 94

Doris Fisher, who along with her husband, Don, founded the Gap retail empire in 1969, remaking the apparel industry and helping to change the way Americans...

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Business news • May 04

Spirit Airlines doomed by sky high fuel prices due to 'recent geopolitical events,' court docs say

Spirit Airlines said in court papers filed Monday that it was forced to ground its fleet for good over the weekend because "recent geopolitical events...

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Business news • May 04

Elon Musk’s only AI expert witness at the OpenAI trial fears an AGI arms race

When do we take AI doomers seriously? That's a key subtext of Elon Musk's attempt to shut down OpenAI's for-profit AI business. His attorneys argue that the...

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Business news • May 04

GameStop stock falls after company proposes $56 billion deal for eBay

GameStop (GME) has offered $56 billion in cash and stock to buy (EBAY). But an interview with CEO Ryan Cohen on the math surrounding the deal raised more...

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