Business news

Business news • Apr 23

Intel stock soars on Q1 earnings beat, strong outlook

Intel (INTC) stock rocketed more than 16% higher in after-hours trading following a first quarter earnings report that beat analysts' expectations on the...

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Business news • Apr 23

The unflattering secrets revealed so far in Elon Musk’s latest legal feud

Hundreds of court filings have revealed cringey texts, emails or private diary entries of Musk, Sam Altman, other OpenAI founders and other public figures.

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Business news • Apr 23

Trump celebrates closing first round of drug pricing deals, promises more ahead

WASHINGTON — President Trump heralded a drug pricing agreement with Regeneron on Thursday, closing the last of 17 deals initially sought by the White House...

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Business news • Apr 23

Intel's stock soars 20% as results top estimates, with chipmaker showing signs of growth

Intel has been a Wall Street darling of late even as the business has yet to find much momentum.

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Business news • Apr 23

Why Tesla Stock Is Falling

Tesla earnings beat views but Elon Musk said capital spending will soar over the rest of 2026. Tesla stock fell Thursday.

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Business news • Apr 23

Intel Gives Strong AI-Fueled Outlook, Sending Shares Soaring

Intel Corp. delivered a blockbuster sales forecast that shattered Wall Street expectations, signaling that the long-struggling chipmaker is benefiting from...

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Business news • Apr 23

Microsoft is reportedly offering voluntary buyouts to up to 7 percent of its employees

Microsoft reportedly plans to offer voluntary buyouts to up to 7 percent of its US employees in May as a way of avoiding layoffs.

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Business news • Apr 23

Meta to cut 10% of staff as it pours billions into AI

Meta said on Thursday it plans to lay off roughly 10% of its workforce, or about 8000 people, the latest in a string of tech industry layoffs fueled in part...

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Business news • Apr 23

Regeneron inks drug pricing deal with Trump, will offer new hearing-loss therapy for free

Regeneron is the latest in a string of major drugmakers to make pricing concessions for new and existing medicines under agreements with Trump.

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Business news • Apr 23

Airlines in Europe slash thousands of flights as Iran war cuts jet fuel supplies

The soaring cost of jet fuel is forcing European airlines to cut thousands of flights through the peak summer travel season as the ongoing impact of the war...

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Business news • Apr 23

Regeneron to offer prescriptions at most favored nation prices, Trump says

The Regeneron Pharmaceuticals company logo is seen on a building at the company's Westchester campus in Tarrytown, New York, U.S. September 17, 2020.

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Business news • Apr 23

Why IBM’s Earnings Beat Spurred a Selloff in Software Stocks

Software stocks sputtered Thursday as investors were quick to sell off the embattled sector following solid but unspectacular earnings reports from...

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Business news • Apr 23

Elon Musk Admits He Lied to Tesla Customers’ Faces for Years About Self-Driving

During Wednesday's earnings call, Tesla CEO Elon Musk reiterated that millions of Tesla cars on the road can't drive themselves.

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Business news • Apr 23

Meta to cut 8,000 jobs, Microsoft offers buyouts to to staff as AI spending costs hit Big Tech workers

Meta and Microsoft are the latest Big Tech giants to trim staff as AI costs continue to balloon.

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Business news • Apr 23

Dallas Fed Energy Survey Q1 2026 update

In response to recent developments in the global oil market, we conducted a follow-up to the first quarter survey that published March 25.

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Business news • Apr 23

Meta is laying off 10% of its entire staff next month. Read the full memo it just sent to employees.

Meta announced to employees that it is planning on laying off around 10% of the entire company on May 20, according to an email.

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Business news • Apr 23

Brent oil tops $105 as tensions simmer in Strait of Hormuz, Israel threatens attacks

Brent oil prices jumped more than 3% on Thursday, as tensions run high in the Strait of Hormuz with the U.S. and Iran enforcing blockades.

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Business news • Apr 23

Meta Tells Staff It Will Cut 10% of Jobs in Push for Efficiency

Meta Platforms Inc. plans to cut 10% of workers, or roughly 8000 employees, in an effort to boost efficiency and offset its heavy spending on artificial...

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Business news • Apr 23

Trump cuts drug price deal with Regeneron

President Trump on Thursday announced a drug pricing deal with Regeneron — the last of 17 manufacturers the administration pressured last year to commit to...

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Business news • Apr 23

Spirit Airlines lawyer says cash 'not going to last for very much longer,' but government rescue on the table

Spirit Airlines confirmed it is in talks with the Trump administration for a rescue package.

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