Business news

Business news • Jun 17

California says AT&T lied to FCC in attempt to shut off old phone network

FCC considers AT&T petitions to preempt state rules and discontinue phone service.

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Business news • Jun 17

AP Exclusive: Bernie Sanders unveils plan to give the public direct ownership of AI companies

Sen. Bernie Sanders is proposing a plan to give Americans ownership stakes in the country's largest artificial intelligence companies.

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Business news • Jun 17

Struggling JetBlue shuts down key Newark, LaGuardia operations as New York airport costs soar

JetBlue is shutting down key operations at Newark and LaGuardia airports as the struggling carrier shifts resources to booming South Florida in its latest...

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Business news • Jun 17

Fed 'dot plot': Almost half of FOMC members project at least one interest rate hike this year

The Federal Reserve's latest "dot plot" revealed a sharp shift in central bankers' expectations, with rate cuts off the table and a sharply higher chance of...

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Business news • Jun 17

Popular sandwich chain ends Chick-fil-A’s 11-year run atop fast-food rankings

The king of fast food has been dethroned after more than a decade on top. That's according to the American Customer Satisfaction Index, a report released...

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Business news • Jun 17

Oil prices fluctuate as Trump's Iran deal could fully reopen Strait of Hormuz

Oil prices fluctuated Wednesday as investors await a preliminary deal between the U.S. and Iran. Traders are watching whether negotiations will lead to the...

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Business news • Jun 17

Allbirds rebrands as Smartbird in AI pivot, hires former AWS executive as CEO; shares soar

Allbirds changed its name to Smartbird on Wednesday and appointed former Amazon executive Nadia Carlsten ​as CEO, cementing the former footwear maker's...

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Business news • Jun 17

Tech Stocks Are Cheap? That’s a Problem Too.

Name a company that's gained nearly 4,500% over the past year but trades at only 14 times forward earnings. That may sound like a trick question,...

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Business news • Jun 17

CarMax (NYSE:KMX) Delivers Impressive Q2 CY2026, Stock Soars

Used automotive vehicle retailer Carmax (NYSE:KMX) reported Q2 CY2026 results topping the market's revenue expectations, with sales up 6.2% year on year to...

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Business news • Jun 17

These 50 early Amazon Prime Day deals are worth shopping before next week’s sale

Want more deals? Visit CNN Underscored's Guide to Prime Day for wall-to-wall coverage of the best early discounts to be found ahead of Amazon's annual...

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Business news • Jun 17

Federal Reserve holds interest rates steady but leaves door open to hike

The Federal Reserve on Wednesday left its benchmark interest rate unchanged amid resurgent inflation, but nearly half of its policymakers said they would...

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Business news • Jun 17

Abarca Health And LucyRx To Merge Into Alternative To Big Three PBMs

Abarca Health and LucyRx — two independent pharmacy benefit managers — have agreed to merge asregulators and the public seek a better price on prescription...

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Business news • Jun 17

Trump’s Justice Department urges court to throw out pollution lawsuit against Elon Musk’s company

In a highly unusual move, the Justice Department has asked a Mississippi court to throw out a lawsuit against Elon Musk's company xAI for its use of...

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Business news • Jun 17

Zhipu AI's GLM-5.2 closes in on closed-source leaders in coding marathons

Chinese AI lab Zhipu AI releases GLM-5.2 with a stable 1-million-token context under the MIT license. On hours-long coding tasks, the open-source model...

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Business news • Jun 17

CarMax Revenues Climb as CEO Calls for Digital Tune-Up

CarMax revenues are up, and CEO Keith Barr said he is focused on improving the company's digital car shopping experience.

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Business news • Jun 17

CarMax shares fall after used car retailer reports earnings beats, CEO details turnaround plan

Despite the beats, questions remain about the company's ability to grow and cut costs under the plan amid tougher market conditions, including margin...

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Business news • Jun 17

The Iran War Has Rewired the Global Economy

The Iran war may quiet down, but the fallout isn't going anywhere. That's the message from the New York Times , which argues that the US-Israel war with...

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Business news • Jun 17

DOJ Defends Musk’s xAI in Data-Center Pollution Lawsuit

The Justice Department moved to block an NAACP lawsuit challenging xAI over allegations that gas turbines powering its Mississippi data center risk...

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Business news • Jun 17

Fast-food chains serve up '90s nostalgia with returning menu favorites at McDonald's, Burger King

McDonald's, Dairy Queen, Burger King and Pizza Hut are all bringing back a taste of the '90s with promos and limited-time returning menu items.

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Business news • Jun 17

SpaceX Stock Continues Decline After Initial Spike

Shares of Elon Musk's SpaceX rallied after a multitrillion-dollar IPO last Friday, reaching a peak of over $222 Tuesday morning.

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