Business news

Business news • May 02

The UAE Quit OPEC Because Its Sovereign Wealth Now Dwarfs Oil

The UAE left OPEC because its $1.7 trillion sovereign wealth portfolio now matters more than the price of crude. Higher oil prices can hurt Abu Dhabi as...

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Business news • May 02

American Airlines takes action to support Spirit Airlines customers and team members

The American Airlines team is doing everything we can to support Spirit Airlines customers and team members affected by Spirit's immediate wind-down of...

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Business news • May 02

Two harsh realities are keeping lower earners stuck while the wealthy pull ahead

The prongs of the K-shaped economy are being propped up by two dreary economic realities: lower earners are getting hit harder by inflation, and left behind...

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Business news • May 02

Updated: Delta offers support to Spirit Airlines travelers and team members

We are offering reduced, nonrefundable fares in affected markets over the next five days to help travelers book last-minute travel|

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Business news • May 02

Frontier Airlines Announces Discounted Rescue Fares to Support Spirit Airlines Customers

DENVER -- May 2, 2026 - Frontier Airlines today announced systemwide rescue fare discounts and is also offering a $199 GoWild All-You-Can-Fly Summer Pass to...

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Business news • May 02

Spirit shutdown leaves North Texans scrambling as summer travel nears

A potential Spirit Airlines shutdown just weeks before the busy summer travel season has left North Texas travelers scrambling to salvage their plans.

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Business news • May 02

Spirit Airlines prepares to shut down: What we know

Hundreds of people checked into their Spirit Airline flight on May 1, but now, travelers are worrying the airline will shutdown. President Trump brought a...

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Business news • May 02

Spirit Airlines bankrupcy

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Business news • May 02

Average gas prices in Chicago surpass $5 per gallon for first time since 2022

According to AAA, the average price of a gallon of regular gas in Chicago was $5.17 on Friday, up from $3.75 a year ago.

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Business news • May 02

Pain at the pump: Ohio gas prices spike nearly $1 in a week

COLUMBUS, Ohio — Gas prices are surging across Ohio, hitting their highest levels since 2022 as drivers face sharp increases at the pump driven by refinery...

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Business news • May 02

Chicago gas prices surge past $5 per gallon

A sharp uptick in gas prices has pushed the cost of an average gallon of regular in Chicago to more than $5. According to AAA, the average price of a gallon...

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Business news • May 02

S.F. supervisors, state senator arrested as May Day protest closes SFO roadway

A May Day protest by airport service workers briefly shut down the departure-level roadway at San Francisco International Airport's international terminal...

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Business news • May 02

How the Trump Administration’s Spirit Airlines Rescue Unraveled

In a 15-minute phone call, Commerce Secretary Howard Lutnick and Spirit Chief Executive Officer Dave Davis agreed that the budget carrier had run out of...

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Business news • May 02

Top AI companies agree to work with Pentagon on secret data

The Pentagon has signed agreements with leading AI firms, including Microsoft, Amazon and Google, advancing military capabilities amid a dispute over...

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Business news • May 02

I was in the courthouse when Elon Musk testified in his case against OpenAI. Here is what it was like.

The air in Downtown Oakland felt different the morning Elon Musk showed up to testify at the federal court in his high-stakes lawsuit against OpenAI.

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Business news • May 02

Runaway Waymo that dropped passenger at California airport is every traveler’s worst nightmare: ‘It’s not my mistake’

A Bay Area businessman's first ride in a driverless Waymo turned into an airport nightmare when the robotaxi allegedly sped off with his luggage still...

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Business news • May 02

Musk’s Trial Against OpenAI Hits Some Rough Spots in First Week

Elon Musk set out to tell a jury that his falling out with OpenAI was a simple tale of betrayal.

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Business news • May 02

Average price of gas in California edges past $6 a gallon, highest level in four years

Analysts say Americans have now paid $21.7bn more to fill their tanks since the start of the US war on Iran.

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Business news • May 01

Buffett Describes Investing Environment as Not Ideal. And He's Glad Powell Is Staying at Fed.

The lunch break is over. Buffett sat down with CNBC's Becky Quick for a chat about a wide range of subjects, from Wall Street to the economy.

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Business news • May 01

Robot dances at the airport gate, then delays Southwest flight from Oakland to San Diego

A human-like robot boarded a Southwest Airline flight from Oakland to San Diego but delayed the plane due to its lithium battery.

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