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The Latest Breaking News on Business

Repealing the CHIPS Act could dramatically shrink US chip market share, analysts say

While Trump has recommended legislators revoke the CHIPS and Science Act, it's unlikely to happen and the government is obliged to distribute $39 billion grants by September 2026. But if it did happen, analysts say it could dramatically shrink the US chip production market share.

Tom’s Hardware

From ‘hoax’ to ‘incredible,’ Trump flips stance on EVs after Elon Musk endorsed him and donated millions

Trump’s love for Tesla comes after years of bashing EVs and feuding with Musk himself

The Independent UK

Fired Starbucks Manager Suffered 'Extreme' Harassment From LGBTQ+ Coworkers For Being Straight: Lawsuit

A former Starbucks employee is suing the coffee chain, alleging he was "harassed" by colleagues and fired from his position because he is a straight man.

Latin Times

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1 Dividend Stock to Buy for a Potential Recession

Target has an impressive track record of paying and increasing dividends.

Barchart

Nissan's New CEO Is a 'Real Car Guy'

Nissan's recent struggles are no secret. The company teeters on the verge of bankruptcy after a failed merger attempt with fellow Japanese conglomerate Honda. Now, the company has appointed a new CEO in hopes of turning things around. And by all accounts, he's a real enthusiast—just like us.

Motor1

Tesla Stock Jumps, Shrugs Off Price-Target Cuts, Analysts Warning Of Brand 'Destruction'

Tesla rebounded Wednesday despite more price target cuts as analysts slash delivery and earnings estimates, citing brand "destruction"

Investors Business Daily

Palantir Stock Climbs As Wall Street Eyes New Artificial Intelligence Customers At AIPCon

Palantir stock climbed as analysts focused on potential new customers such as Walgreens at an artificial intelligence event called AIPCon.

Investors Business Daily

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3 Retail Giants React to Tariffs—What It Means for Consumers

The Trump Tariffs have gone into effect with 25% import tariffs on Canada and Mexico and another 10% on China. Here's what the CEOs of top retailers are saying.

MarketBeat

Southwest Ends 'Bags Fly Free' Policy After 50 Years — Here's Who Still Gets Free Checked Luggage

The new move, set to take effect on May 28, marks a major shift in the airline's business model as it struggles with lower earnings.

International Business Times

JPMorgan CEO Jamie Dimon accuses ‘people in the middle’ of being the only ones against his RTO policy

Hybrid model ‘doesn't work in our business,’ JPMorgan Chase CEO says

The Independent UK

Stocks slump as trade war grows

The Dow fell more than 400 points on Tuesday as Trump announced he would increase tariffs on Canada

Salon

Kohl's had an even worse quarter than Wall Street expected with net sales plummeting nearly 10% in the aftermath of layoffs and store closures

One retail expert says Kohl’s problems stem from a “lack of identity and muddled strategy.”

Fortune

Gregorys Coffee CEO accused of ‘overt’ discrimination against Black employees and women

Exclusive: Gregorys Coffee founder and CEO Gregory Zamfotis allegedly denigrated Black employees, paid them less than their white counterparts, and fired at least one based solely on the color of her skin, according to a new lawsuit

The Independent UK

Is Norfolk Southern Stock Underperforming the S&P 500?

Norfolk Southern has lagged behind the S&P 500 over the past year, yet analysts remain moderately bullish on the stock’s prospects.

Barchart

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Fortune

China’s way to drive economic growth is getting consumers to unleash $20 trillion of rainy-day savings, says Alibaba chair Joe Tsai

Tariffs and geopolitics mean China can’t count on exports for growth anymore, but restoring consumer confidence could allow domestic consumption to become a growth driver.

Barchart

How Is Lennar’s Stock Performance Compared to Other Home Construction Stocks?

Lennar has trailed its home construction peers over the past year, but analysts remain moderately bullish about the stock’s prospects.

International Business Times UK

Southwest Airlines Ends Free Checked Bags for MOST Flyers—Here's Who Still Qualifies

Southwest Airlines ends its long-standing free checked bag policy for most passengers, a significant shift after ditching open seating.

The Guardian - AU

Trump tariffs of 25% on steel and aluminium come into effect globally as Europe says it will retaliate – as it happened

Brussels countermeasures to target €26bn of US goods from April while UK takes ‘pragmatic’ approach; US tariffs cover wide range of household goods such as tin foil

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The Independent UK

Tariffs are ‘worth it’ even if they cause a recession, claims Commerce secretary

Howard Lutnick hails Trump’s tariffs as revenue generators. What he failed to mention is that American consumers pay the extra revenue

International Business Times

Most Asian Stocks Drop As Trump Trade Policy Sows Uncertainty

Asian equities mostly fell Wednesday as investors fret over Donald Trump's ever-changing trade policies amid increasing concern that his tariffs could send the US economy into recession.

TechRadar

Fake jobs and phone calls: How Americans lost $12.5 bn to fraud in 2024

Americans lost $2.5 billion more money to scams in 2024 than the previous year.

Barchart

Tariffs Spark Economic Concerns and Undercut the Dollar

The dollar index (DXY00 ) Tuesday fell by -0.57% and posted a 4-3/4 month low. The dollar has been under pressure since last week when the US announced tariffs on Canada, China, and Mexico, fueling concerns that a trade war will erupt and derail the economy. The dollar was undercut...

Barchart

Crude Prices Finish Higher on Dollar Weakness and Prospects of Tighter US Sanctions on Iran

April WTI crude oil (CLJ25 ) Tuesday closed up +0.22 (+0.33%), and April RBOB gasoline (RBJ25 ) closed up +0.0125 (+0.60%). Crude oil and gasoline prices recovered from early losses and posted mild gains on Tuesday. The fall in the dollar index (DXY00) Tuesday to a 4-3/4 month low sparked...

Fortune

White House says Trump will make good on promise to 'buy a brand new Tesla' as a show of confidence in Elon Musk

The president said he would buy a Tesla Tuesday morning amid the boycotts of the EV maker.

Latin Times

Southwest Airlines Flyers Brutally Mock Company Over Canceled Free Bag Policy: 'Southwest Becoming Spirit Overnight'

Southwest Airlines is being mocked and compared to Spirit Airlines after announcing the end of its free bag policy for most passengers.

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