Business News

OpenAI hit with multistate probe into possible user harm as its IPO looms

NEW YORK (AP) — OpenAI received a subpoena from several states as part of a probe into the safety of...

You can ignore AI giants like SpaceX, but your 401(k) won't

NEW YORK (AP) — While you might want to ignore all the hubbub around SpaceX , Elon Musk and IPOs, you...

China opposes US move to list top firms as military companies

BEIJING (AP) — China said Saturday it firmly opposed the U.S. adding several prominent Chinese businesses...

A coalition sues to block Kentucky’s new 14.25% prediction markets tax

FRANKFORT, Ky. (AP) — A coalition that includes Kalshi, Crypto.com and Polymarket filed a lawsuit Friday...

Treasury expands bank data-sharing rules tied to Trump immigration crackdown

NEW YORK (AP) — The Treasury Department moved Friday to enlist the nation’s banks more deeply in President...

Iran war is straining African airlines, industry body warns

NAIROBI, Kenya (AP) — The war in Iran is driving up jet fuel prices and worsening supply strains fo...

Appeals court upholds FTX co-founder Sam Bankman-Fried's fraud conviction

NEW YORK (AP) — A federal appeals court has upheld the conviction of cryptocurrency entrepreneur and...

What Elon Musk's trillion means in real terms

NEW YORK (AP) — Catapulted by the market debut of his rocket company SpaceX, Elon Musk is now the...

US stocks rise after oil prices ease and SpaceX soars in its debut on Wall Street

NEW YORK (AP) — U.S. stocks rose Friday after oil prices fell again, and SpaceX soared in its highl...

Average US long-term mortgage rate rises to 6.52%, just below its high for the year

The average long-term U.S. mortgage rate ticked up this week to just below its high for the year, the...

Citing fallout from Iran war, World Bank cuts forecast for global economic growth

WASHINGTON (AP) — The economic fallout from the Iran war — higher energy prices and increased uncertainty...

US producer prices spike in May as soaring energy prices fuel largest yearly jump since 2022

WASHINGTON (AP) — U.S. producer prices climbed last month at the fastest pace since November 2022, fuele...

US jobless aid filings rise to 229,000 last week, remain historically low despite Iran war headwinds

WASHINGTON (AP) — U.S. applications for jobless aid rose modestly last week, but remain at a historically...

UK defense secretary resigns, saying the government isn't willing to spend enough on the military

LONDON (AP) — U.K. Defense Secretary John Healey unexpectedly quit on Thursday, saying the government...

Europe's central bank raises rates to fight inflation from Iran war, the Fed to decide next week

FRANKFURT, Germany (AP) — The European Central Bank on Thursday became the first major central bank...

Foreign workers say they were paid less than $2 an hour to build a new US Consulate in Milan

MILAN (AP) — Foreign workers building a sprawling $350 million American Consulate in Milan were paid...

US stocks jump to their best day in 2 months on hopes for a deal to get crude flowing globally again

NEW YORK (AP) — U.S. stocks rallied to their best day in two months, and oil prices fell Thursday after...

SpaceX wants regular investors to help its stock launch. Here's what to know before clicking 'buy'

NEW YORK (AP) — When SpaceX makes its debut on the U.S. stock market, it wants smaller-pocketed, mom-and-po...

A glossary to help understand what happens in an initial public offering

Anyone following SpaceX's plans to sell shares to the public is likely to hear terms thrown around tha...

Edmunds' five best used performance cars for less than $25,000

If you like the idea of owning a fun-to-drive car but can’t afford a new one, this summer is an ideal...

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