Business news

Business news • May 01

Fed Chair Jerome Powell and the FOMC Just Updated Their Interest Rate Outlook -- and It's Terrible News for Wall Street

A historic level of dissent within the Federal Open Market Committee may mark a dubious turning point for the stock market.

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Business news • May 01

New York bill would tax luxury second homes outside of NYC

A New York bill would let municipalities tax luxury second homes over $5 million to raise revenue and support year-round communities.

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Business news • May 01

ExxonMobil and Chevron earnings fall, but bigger profits are on their way because of soaring oil prices

ExxonMobil and Chevron, America's two largest oil companies, both reported a sharp drop in profit for the first three months of this year.

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Business news • May 01

Classified Networks AI Agreements

The War Department has entered into agreements with eight of the world's leading frontier artificial intelligence companies to deploy their advanced AI...

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Business news • May 01

Nvidia, Microsoft, AWS Expanding Classified Military AI Use

The Pentagon has struck agreements with more technology companies for expanded use of advanced artificial intelligence tools on classified military networks...

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Business news • May 01

‘Cut up the credit cards:’ Congress is getting brutal about ‘embarrassing’ $31 trillion national debt

"It's only going to get worse until we cut up the credit cards and get serious."

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Business news • May 01

CEO pay soared in 2025, 20 times faster than workers’ pay

Analysis finds real wages fell 12% since 2019, with inequality widening in the US beyond global levels.

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Business news • May 01

AstraZeneca stock falls after FDA panel votes against new cancer drug

An advisory panel for the U.S. Food and Drug Administration voted 6-3 against AstraZeneca's oral drug camizestrant intended for a type of breast cancer...

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Business news • May 01

A subplot of the Musk-Altman trial: Which billionaires deserve the keys to the God machine? | CNN Business

Elon Musk finally shared an opinion that a lot of people can agree on: Microsoft should not control the future of AI.

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Business news • May 01

The weirdest aspect of the Iran war that has befuddled oil experts

For two months, the economic narrative about the Iran war boiled down to this: Oil and gas prices are really high, exacerbating an affordability problem...

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Business news • May 01

Live Updates: Iran war pushes oil prices to 4-year high as Hegseth faces off with senators

Oil prices hit a 4-year high as Axios reports Trump will hear new options to try to break the Strait of Hormuz standoff with Iran with a new wave of...

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Business news • May 01

Californians now paying 6 bucks a gallon for kicks on Route 66

Motorists commemorating the centennial of U.S. Route 66 - a celebrated symbol of carefree road trips - were paying $6 ​a gallon for gasoline in California...

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Business news • May 01

Apple's stock rises after earnings. Here are the biggest highlights.

Apple reported March-quarter earnings after the closing bell. The company issued upbeat revenue guidance and showed that it was weathering the storm of...

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Business news • May 01

Stock Market News, April 30, 2026: Nasdaq, S&P Close at Records, Finishing Best Month Since 2020

The S&P 500 and Nasdaq closed their best month in years, pushing through war in the Middle East, a divided Federal Reserve and a gauntlet of tech earnings.

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Business news • Apr 30

Australia and Japan markets climb, looking past Iran war escalation fears

This comes as investors took in strong earnings stateside, looking past weaker-than-expected economic data and threats of escalation in Iran.

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Business news • Apr 30

Rivian to boost EV production at planned Georgia plant, shrinks DOE loan

Rivian's amended loan allows the first phase of its future plant an hour east of Atlanta to have an annual capacity of 300000 vehicles, a 50% increase from...

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Business news • Apr 30

JPMorgan Exec Claims in Lawsuit Female Boss Drugged Him, Forced Him to Have Sex

6:49 PM PT -- Lorna's lawyers tells TMZ ... “Lorna categorically denies the allegations. She never engaged in any inappropriate conduct with this individual...

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Business news • Apr 30

Apple shares rise as iPhone 17 and MacBook Neo drive forecast

Apple ​on Thursday touted blowout demand for its flagship iPhone 17 and the MacBook Neo that helped power a solid sales forecast and sent its shares ‌up...

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Business news • Apr 30

Apple Delivers Strong Forecast in Sign It’s Weathering Shortages

Apple Inc. delivered a surprisingly strong revenue forecast for the third quarter, even as it warned that memory-chip costs will increase and that shortages...

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Business news • Apr 30

Elon Musk’s A.I. Claims of Danger Face Limits in OpenAI Trial

One of Elon Musk's abiding fears is that A.I. could one day threaten humans. But the jurors deciding his suit against OpenAI probably won't hear about it.

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