Business news

Business news • Apr 27

Fed likely to hold rates steady as Powell prepares for possible swan song

WASHINGTON, April 27 (Reuters) - Federal Reserve policymakers will gather in Washington this week in what may be Jerome Powell's last meeting as head of the...

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Business news • Apr 27

Earnings live updates: Nucor stock gains as steel prices lift profits, Domino's stock tanks

Earnings season is in full swing as the busiest week of the quarter kicks off. This week, five more “Magnificent Seven” Big Tech companies will report...

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Business news • Apr 27

Trump Administration Will Pay More Energy Firms to Cancel Wind Farms

The Trump administration will pay energy companies hundreds of millions of dollars to abandon their plans to build two wind farms off the U.S. coast,...

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Business news • Apr 27

Budget Airlines Pitch Trump Administration on $2.5 Billion Relief Plan

While Spirit's talks with officials continue, industry executives see window to negotiate for financial assistance and tax relief.

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Business news • Apr 27

U.S. to end two more offshore wind leases for fossil fuel investments

The Trump administration said on Monday that it had reached a deal to end two more offshore wind leases, off the coasts of New Jersey and California,...

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Business news • Apr 27

Shell to acquire Canada's ARC in output-boosting $16.4 billion deal

Shell has agreed to buy Canadian energy company ARC Resources in a $16.4 billion deal, paid for mostly with shares, the British firm said on Monday.

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Business news • Apr 27

Supreme Court Appears Divided Over Roundup Weedkiller Case

The Supreme Court appeared divided on Monday during arguments in a dispute that could determine the fate of thousands of lawsuits that claim a widely used...

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Business news • Apr 27

United Airlines drops merger pursuit with American, CEO Kirby details why

United Airlines CEO Scott Kirby says the airline is ending its pursuit of a merger with American Airlines after its rival declined to engage in discussions.

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Business news • Apr 27

EU tells Google to open up AI on Android; Google says that’s “unwarranted intervention”

Gemini gets preferential treatment on Android, but maybe not for long (in Europe).

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Business news • Apr 27

Budget Airlines Ask US Government for $2.5 Billion in Relief

Budget airlines are banding together to ask President Donald Trump's administration for $2.5 billion to help combat increasing jet fuel prices in exchange...

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Business news • Apr 27

From bowling repairs to zoology, Trump admin consolidates job titles affecting 5,000 feds

Bartenders, meatcutters, woodworkers and bookbinders will all no longer be official job titles in the federal government after the Office of Personnel...

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Business news • Apr 27

European flight prices are falling in short-term, Wizz Air boss says

European flight prices are falling as airlines try to overcome customer "hesitancy" over the economic hit from the US-Israel war with Iran, Wizz Air's chief...

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Business news • Apr 27

Lawsuit says Safeway, Haggen BOGO deals cost Washington shoppers millions

OLYMPIA, Wash. — Washington Attorney General Nick Brown sued Albertsons Companies on Monday, accusing the grocery chain of overcharging shoppers through...

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Business news • Apr 27

DeepMind’s David Silver just raised $1.1B to build an AI that learns without human data

Ineffable Intelligence, a British AI lab founded a mere few months ago by former DeepMind researcher David Silver, has raised $1.1 billion in funding at a...

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Business news • Apr 27

Frontier and Avelo are asking the Trump administration for $2.5 billion to cover jet fuel costs

In a meeting with Transportation Secretary Sean Duffy and Federal Aviation Administration chief Bryan Bedford, the airlines discussed a plan to stay afloat.

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Business news • Apr 27

Budget airlines ask Trump for $2.5 million bailout: bad idea!

Budget airlines seek $2.5 billion relief from Trump administration as jet fuel prices soar. Debate over taxpayer money rescuing private companies.

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Business news • Apr 27

GOP senator drops opposition to Trump Fed chair nomination after DOJ decision

GOP Sen. Thom Tillis has indicated that since the DOJ dropped a probe, he is now ready to support confirmation of Kevin Warsh as the next Fed chair.

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Business news • Apr 27

Judge in Musk v. Altman seats nine-person jury. Opening arguments start Tuesday

The Musk v. Altman trial kicked off at a federal courthouse in Oakland, California, with jury selection followed by opening arguments.

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Business news • Apr 27

Meta’s Chinese stumble suggests a declining tolerance for shades of grey

Chinese social network Weibo published its annual report last week. In it was a warning — the same one the company has published regularly since it first...

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Business news • Apr 27

Meta's Stock May Plunge Following Results (NASDAQ:META)

Meta has surged nearly 30% since late March, but options positioning and technicals suggest downside risk post-earnings. Read more on META stock here.

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