Business news

Business news • Apr 17

Short Squeeze Fuels Market Rally as Bears Rush to Cover

One of the biggest drivers of the market's recent rally appears to be short covering. In particular, a basket of heavily shorted stocks tracked by Goldman...

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Business news • Apr 17

Netflix Stock Walloped As Wall Street Questions Its Post-Warner Path

Netflix stock fell 10% Friday, with many Wall Street analysts raising questions about the company's strategic direction. The company's first-quarter results...

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Business news • Apr 17

iPhones to Get These New Satellite Features

Amazon this week announced plans to acquire Globalstar, the satellite company that powers Apple's satellite features on the iPhone 14 and newer and the...

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Business news • Apr 17

Trader Joe’s will pay an average $102 per customer in class-action settlement. Find out if you qualify

Trader Joe's customers in Oregon and across the nation might qualify for a $7.4 million class action settlement that could net each of them an average of...

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Business news • Apr 17

There Are Signs of a Massive AI Backlash

The public outrage over the tech industry's obsession with AI is starting to boil over — and the pitchforks are starting to come out.

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Business news • Apr 17

Fed Governor Waller says Iran war and labor market risks are keeping central bank on hold

Federal Reserve Governor Christopher Waller on Friday said current economic conditions are complicating the approach to interest rates.

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Business news • Apr 17

UCB pays $650M+ for Neurona, marking 'strategic expansion' into regenerative medicine

Besides building UCB's epilepsy position, the deal "marks a strategic expansion into regenerative medicine and advanced therapies," the company said.

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Business news • Apr 17

Traders place $760 million bet on falling oil ahead of Hormuz announcement

LONDON, April 17 (Reuters) - Investors placed a bet worth about $760 million on a falling oil price around 20 minutes before Iran's foreign ​minister...

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Business news • Apr 17

How 50 days of the Iran war led to the loss of $50 billion worth of oil

LONDON, April 17 (Reuters) - The world has lost over $50 billion ​worth of crude oil that has not been produced since the Iran war began nearly 50 days ago...

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Business news • Apr 17

Nvidia Makes Quantum Computing CEO a Billionaire in Days

The founder of quantum computing startup Xanadu Quantum Technologies Ltd. became a billionaire in a matter of days after Nvidia Corp. threw its weight...

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Business news • Apr 17

How Dylan Patel and SemiAnalysis Grabbed Sway in Silicon Valley

For Dylan Patel, founder of SemiAnalysis, an influential AI industry newsletter and research firm, Nvidia deserves the kind of dogged observation and study...

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Business news • Apr 17

Photos: Air New Zealand unveils world’s first economy sleep pods for ultra-long-haul flights

For long-haul travel, Air New Zealand has officially announced the launch of Skynest, the world's first lie-flat sleep pods for Economy and Premium Economy...

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Business news • Apr 17

Gwyneth Paltrow Wants to Bring Delicious, Healthy Food to New York

If you've never tried Goop Kitchen, Gwyneth Paltrow's takeout-only, nutritious food operation, you're missing out. No matter what you think of the Hollywood...

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Business news • Apr 17

Lufthansa Slashes A340 And 747 Fleet, Outsources Flying As Labor Fight Intensifies

Lufthansa is retiring A340 aircraft, grounding 747s, and outsourcing A350 flying as a growing labor dispute reshapes its cost structure.

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Business news • Apr 17

What is Mythos and why are experts worried about Anthropic’s AI model

The company says Mythos is too dangerous to release publicly. Cybersecurity experts agree the model's capabilities matter, but not all of them are buying...

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Business news • Apr 17

Popular steakhouse chain files for bankruptcy after 30 years

After more than three decades, a popular steakhouse chain with locations across eight major cities has filed for Chapter 11 bankruptcy.

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Business news • Apr 17

FDA eyes expanding testosterone therapy for libido

Today's health news covers new research questioning GLP-1's purpose, a pancreatic cancer breakthrough, and hope for an off-the-shelf CAR-T.

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Business news • Apr 17

CEO of blacklisted Anthropic and White House hold ‘productive’ discussions on AI

Anthropic CEO Dario Amodei visited the White House on Friday for a high-stakes meeting with the president's top adviser, while his AI company battles the...

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Business news • Apr 17

Social Security benefit cuts could be coming — and there’s an actual date attached

Social Security is facing a serious funding shortfall that will cause it to run out of money sooner than projected, and the program will have to make cuts...

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Business news • Apr 17

Scott Bessent says Americans can unlock more cash ‘on a weekly or monthly basis’ with this change — have you made it?

Moneywise and Yahoo Finance LLC may earn commission or revenue through links in the content below. Normally, getting a pay raise means asking your boss.

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