Business news

Business news • May 01

A Chick-fil-A worker got fired and returned to allegedly refund himself over $80,000 in mac n cheese

The cheesy scheme allegedly netted a former employee over $80000 in fraudulent refunds.

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Business news • May 01

New Pittsburgh Post-Gazette owners making deep cuts to newsroom staff

The Pittsburgh Post-Gazette will shrink to just under half its current size under its new owners, Post-Gazette employees told 90.5 WESA on Friday.

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Business news • May 01

Exxon Mobil CEO expects higher oil prices due to Iran war: ‘The market hasn’t seen the full impact’

Oil prices do not currently reflect the full scale of the supply disruption triggered by the Iran war, Exxon CEO Darren Woods said.

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Business news • May 01

Yen Traders Alert After Japan’s $34.5 Billion Intervention

(Bloomberg) -- Yen traders are on watch for signs of further action by Japanese authorities after intervention triggered the currency's sharpest rally in...

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Business news • May 01

Chefs step in to save prominent Homewood restaurants as company struggles to survive

The two restaurants were part of the Pihakis Restaurant Group, which has seen several recent closures.

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Business news • May 01

Elon Musk’s Tesla Pay Package Valued at $158 Billion for 2025

The pay package was part of a stratospheric compensation plan approved by shareholders last year as a way to motivate Tesla's chief executive to spend more...

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Business news • May 01

Robotaxis Are Rolling Out Across America

Plus, the race to develop new hair-regrowth drugs and how Chinese humanoid robots are taking over.

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Business news • May 01

Pentagon Makes Deals With A.I. Companies to Expand Classified Work

The Pentagon announced on Friday that it had reached deals with some of the technology industry's biggest companies in an effort to expand the military's...

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Business news • May 01

The Big 4 Hyperscalers Are Spending $710 Billion on AI. Here’s the Stock That Profits Most

Nvidia (NVDA) reported data-center revenue surging 75% year over year to $193.7B, driven by demand from hyperscalers deploying Hopper and Blackwell AI...

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Business news • May 01

Mohamed El-Erian told us the challenges facing American exceptionalism in markets and the economy

Mohamed El-Erian says he thinks there's a "limit" to how much the US economy and market will be able to outperform the rest of the world.

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Business news • May 01

Musk Warns of Killer AI — While He and the Rest of Silicon Valley Cash In on AI That Kills

In his lawsuit against OpenAI, Elon Musk evoked a “Terminator” scenario. He said nothing about the people AI is already killing.

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Business news • May 01

Spirit Airlines Prepares to Shut Down After Trump Administration Bailout Falls Through

Spirit Airlines is preparing to shut down as early as 3 a.m. on Saturday after failing to strike a deal for a financial lifeline from the Trump...

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Business news • May 01

Profit for the biggest US oil companies declined in the first quarter, but only on paper

Profit for the two largest oil companies in the U.S. tumbled during the first quarter, a three-month period in which the price of crude and gasoline...

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Business news • May 01

California hits Tesla Cybercab and Robotaxi driverless cars with new law

California's DMV adopted new rules on April 29, 2026, allowing police to issue traffic citations to autonomous vehicles starting July 1.

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Business news • May 01

JPMorgan has stark message for investors on Meta stock

JPMorgan downgraded Meta to neutral and cut its target to $725 after Q1 2026 earnings. Here is what spooked the analyst and what investors should watch.

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Business news • May 01

Pentagon strikes deals with 7 Big Tech companies after shunning Anthropic

The Department of Defense announced Friday an agreement with seven major technology companies to use their artificial intelligence tools in its classified...

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Business news • May 01

Daily Slop: 1 May 26 - Warren Buffet on sports betting: “It’s a tax on stupidity”

A collection of articles, podcasts & tweets from around the web to keep you in touch with the Commanders, the NFC East, the NFL and sports in general,...

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Business news • May 01

Berkshire CEO Greg Abel to Host First Annual Meeting; Here Are 10 Tough Questions

annual meeting on Saturday at the CHI Health Center in Omaha, where the 63-year-old CEO will answer questions from Berkshire holders for two and a half...

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Business news • May 01

A JPMorgan Executive Was Accused of Turning a Coworker Into Her "Sex Slave." Then the Story Started Falling Apart

When Lorna Hajdini went to work on Monday, April 27, 2026, it would have been hard for her to imagine that by the end of the week she would become a meme,...

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Business news • May 01

Republican state attorneys general join lawsuit to stop $6.2B local TV merger

Five more states are joining a federal antitrust lawsuit aimed at stopping the blockbuster merger of Nexstar and Tegna.

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