Business news

Business news • Apr 08

Constellation Brands, U.S. maker of Modelo and Corona, withdraws 2028 guidance due to uncertainty

Constellation Brands withdrew its previously issued fiscal 2028 outlook on Wednesday and reported "subdued" demand across its categories.

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Business news • Apr 08

Did The NYT Identify Bitcoin's Creator? Morgan Stanley Launches ETF, Cryptos Rally.

Bitcoin price, cryptocurrencies rally on Iran ceasefire. Morgan Stanley launches bitcoin ETF. The NYT may have found Satoshi Nakamoto.

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Business news • Apr 08

Here’s What the Astronauts Are Eating on NASA’s Artemis II Mission

There's actually a lot more food and drink choices than you'd expect on NASA's Artemis II. Here's what the astronauts are eating while in space.

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Business news • Apr 08

US FAA proposes fining American, Southwest over alleged drug, alcohol violations

The U.S. Federal Aviation Administration on Wednesday proposed a $255000 ​civil fine against American Airlines , alleging that the carrier violated employee...

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Business news • Apr 08

Stock Market Today: Dow Rallies 1,300 Points Amid Iran Ceasefire; This Chip Stock Breaks Out (Live Coverage)

Stock Market Today: The Dow Jones index surged 1200 points, while oil prices crashed on the U.S.-Iran ceasefire.

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Business news • Apr 08

When will prices come down for gas, air travel and strawberries?

The president temporarily suspended strikes on Iran, but Americans will continue paying more for an array of products because of higher energy costs.

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Business news • Apr 08

Meta debuts Muse Spark, first AI model under Alexandr Wang

Meta on Wednesday debuted Muse Spark, a homegrown AI model it says significantly narrows the performance gap with models from OpenAI, Anthropic and others.

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Business news • Apr 08

Dwindling Bay Area-based camera company cuts nearly a quarter of its workforce

The Bay Area-based camera maker GoPro plans to lay off 145 workers, or nearly a quarter of its workforce, to curb spending, according to a federal filing.

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Business news • Apr 08

How the ‘TACO’ trade went from a light-hearted Wall Street joke to a serious moneymaker

Since the start of President Trump's second term, nine of the 10 top days for the S&P 500 have been spurred by de-escalation either involving tariffs or...

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Business news • Apr 08

More Interest Rate Cuts Could Happen If Iran War Drags On, Fed Says

Federal Reserve members appeared split on whether a prolonged war in Iran could prompt more interest rate cuts than expected or a rate hike this year,...

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Business news • Apr 08

Fed minutes show growing openness to rate hikes at March meeting

WASHINGTON, April 8 (Reuters) - A growing group of Federal Reserve policymakers felt last month that interest rate hikes might be ​needed to counter...

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Business news • Apr 08

The New York Times may have found bitcoin founder Satoshi Nakamoto. Here's what you need to know.

For years, bitcoin creator Satoshi Nakamoto has avoided discovery. Now, a 10000-word New York Times investigation may have unraveled the mystery,...

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Business news • Apr 08

Meta unveils first AI model from costly superintelligence team

Meta Platforms on Wednesday ​unveiled Muse Spark, the first artificial intelligence model from a costly team it assembled last year to catch up with rivals...

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Business news • Apr 08

Anthropic's Claude Mythos Preview Just Sent Shockwaves Through the Cybersecurity Industry. It's Now Joining Forces with Nvidia, Amazon, Apple, Google, and Microsoft

Experts have long said that artificial intelligence (AI) would change the face of cybersecurity. While many industry leaders have already deployed AI tools...

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Business news • Apr 08

Jeff Shell out at Paramount Skydance

Paramount Skydance announced Wednesday that Jeff Shell is stepping down from his roles as president and member of its board.

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Business news • Apr 08

Jeff Shell Steps Down as President of Paramount

Jeff Shell, the president of Paramount and a former chief executive of NBCUniversal, is stepping down from Paramount after becoming ensnared in a legal...

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Business news • Apr 08

Meta’s New AI Model Gives Mark Zuckerberg a Seat at the Big Kid’s Table

Meta on Wednesday announced its first major model since CEO Mark Zuckerberg rebooted the company's AI efforts last year under a new division called Meta...

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Business news • Apr 08

Analysts warn the TACO trade won’t last forever after an Iran ceasefire wipes out weeks of losses in markets

The announced two-week ceasefire led to a $1.5 trillion market rally Wednesday.

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Business news • Apr 08

Latest investigation into bitcoin founder ties identity to Blockstream CEO Adam Back

A report in The New York Times said Blockstream CEO Adam Back is most likely the pseudonymous creator of bitcoin known as Satoshi Nakamoto.

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Business news • Apr 08

Adam Back Denies He Is Satoshi Nakamoto in Response to Times Investigation

The British computer scientist Adam Back said on Wednesday that he is not the pseudonymous inventor of Bitcoin known as Satoshi Nakamoto, after a New York...

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