Business news

Business news • Apr 06

Trump administration finalizes better-than-feared Medicare Advantage payment rate in boost to health insurers

The Trump administration will increase average Medicare Advantage payments by 2.48%, or more than $13 billion, in 2027.

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Business news • Apr 06

OpenAI, Anthropic, Google Unite to Combat Model Copying in China

Rivals OpenAI, Anthropic PBC, and Alphabet Inc.'s Google have begun working together to try to clamp down on Chinese competitors extracting results from...

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Business news • Apr 06

Exclusive: Amazon strikes deal with USPS that maintains 80% of package volume

Amazon.com on Monday announced it reached a new agreement with the U.S. Postal Service on package deliveries, and sources ​said the cash-strapped mail...

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Business news • Apr 06

Grand theft uh-oh: Luxury vehicle thieves botch Hells Kitchen heist, NYPD says

They smashed one car into a pole on the way out, police said.

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Business news • Apr 06

Trading Open Shadowed by Trump Escalation Threats: Markets Wrap

Oil climbed and stocks whipsawed after President Donald Trump signaled that an escalation of strikes on Iran could come as soon as Tuesday,...

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Business news • Apr 06

Analysts Cut Tesla Price Targets As Regulators Shutter Investigation

Tesla stock sank around 3.5% on Monday, as two analysts offered bearish views on the EV carmaker's near-term prospects.

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Business news • Apr 06

SpaceX’s IPO Pitch Centers on Elon Musk’s Ability to ‘Sell the Dream’

SpaceX and investment bankers will host meetings to pressure-test the Elon Musk-led company's targeted $2 trillion valuation, a crucial step as it drives...

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Business news • Apr 06

Avoid the SpaceX IPO? 'The juice has been squeezed from this orange'

SpaceX is unlikely to generate robust returns for individuals who buy the stock at its IPO expected later this year, investors told CNBC's "Halftime Report.

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Business news • Apr 06

Burbank Airport Traffic Delays Hit Travelers Amid Construction

Lane closures near Burbank Airport are causing delays as a major terminal project begins, changing one of L.A.'s easiest travel hubs.

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Business news • Apr 06

Jamie Dimon Has Moved on From Cockroaches. Why a ‘Skunk at the Party’ Is His New Concern.

His worry? The ongoing wars in Ukraine and Iran could drive up inflation and trigger a stock market selloff this year, the JPMorgan chief executive warned...

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Business news • Apr 06

AMC Stock Spikes after Easter Weekend Sets Revenue Record and Drives Attendance Surge

AMC Entertainment ($AMC) stock surged 15% on Monday after reporting its highest global revenue ever for a five-day Easter weekend.

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Business news • Apr 06

A.I. Is on Its Way to Upending Cybersecurity

With new systems from companies like Anthropic and OpenAI, hackers can attack with greater speed. The defense is more A.I..

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Business news • Apr 06

Iran threatens ‘Stargate’ AI data centers

Iran said it will target U.S.-linked data centers with new missile strikes, as the war between the U.S. and Iran escalates.

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Business news • Apr 06

Passenger gives birth midair during flight to New York

A Caribbean Airlines passenger traveling to New York from Jamaica went into labor and gave birth over the weekend just as the flight was landing.

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Business news • Apr 06

BNY and Robinhood Will Help Run ‘Trump Accounts’ for Children

Bank of New York Mellon and the brokerage Robinhood will work with the federal government to handle the so-called Trump accounts, a tax-sheltered savings...

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Business news • Apr 06

Jamie Dimon Warns Investors Over Risks From War and Threat of Rising Inflation

In his annual letter to shareholders, Jamie Dimon, the chief executive of JPMorgan Chase, said investors and businesses faced a series of challenges.

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Business news • Apr 06

Check Your Medicine Cabinet for These Eye Drop Bottles After Millions Recalled

Over 3 million bottles of eye drops have been recalled over concerns about sterility, according to a notice at the FDA's website. The eye drops have been...

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Business news • Apr 06

Rivian R2 EPA numbers out: 217 kW DC charge, up to 335mi range, heat pump

Rivian's EPA certification for its upcoming R2 shows high efficiency, weight savings, and a quick DC charge speed.

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Business news • Apr 06

US service sector cools in March, inflation heating up amid Iran war

WASHINGTON, April 6 (Reuters) - U.S. services sector growth slowed in March, while prices paid by businesses for inputs increased by the most in more than...

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Business news • Apr 06

AI is cutting 16,000 U.S. jobs a month — and Gen Z is taking the brunt, Goldman Sachs says

New research by Goldman Sachs economists finds that AI is already a measurable drag on the U.S. job market—erasing roughly 16,000 net jobs per month over...

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