Business news

Business news • Mar 30

Michael Rousseau, Air Canada’s CEO, to Step Down Amid Backlash Over Comments After Crash

Air Canada's chief executive, Michael Rousseau, said on Monday that he would step down, days after criticism over his condolence message, delivered almost...

7 0 0

Business news • Mar 30

US airlines face fuel-driven financial shakeout

Item 1 of 2 A JetBlue aircraft lands under the DC skyline featuring the U.S. Capitol building, near United Airlines, American Airlines and Delta Airlines...

8 0 0

Business news • Mar 30

Microsoft Made GPT and Claude Work Together—And the Result Beats Every AI Research Tool Out There

Microsoft's Copilot Researcher now puts GPT and Claude to work in sequence—and the combination just outscored every AI system around.

9 0 0

Business news • Mar 30

Bill Ackman told spooked investors to get over the Iran war and buy Fannie and Freddie. Stocks surged 40% the next day

The Pershing Square Capital Management CEO is the largest shareholder in each company and stands to benefit the most from the stock surge.

8 0 0

Business news • Mar 30

Air Canada CEO to retire after English-only condolence video controversy

The CEO of Air Canada will retire later this year, after being criticised for failing to speak French in a condolence video following last week's fatal...

7 0 0

Business news • Mar 30

Bitcoin price news: BTC gives up gains as WTI crude oil surges over $100 per barrel

Stocks and crypto prices each gave up early gains even as Federal Reserve Chairman Jerome Powell eased any concerns about imminent rate hikes.

10 0 0

Business news • Mar 30

IMF warns Middle East conflict will lead to higher prices and slower global growth

Washington-based fund says rising energy and food costs will hit economies worldwide and could leave lasting scars.

11 0 0

Business news • Mar 30

U.S. crude tops $100 and the S&P 500 approaches correction as Iran war enters second month

Global oil prices jump and U.S. stock indexes struggle to recover from steep losses as the Iran war enters its second month.

10 0 0

Business news • Mar 30

Judge halts Nexstar/Tegna merger after FCC let firms exceed TV ownership limit

Although the Trump administration approved Nexstar Media Group's $6.2 billion purchase of Tegna, a US judge has ordered the two companies to stop...

8 0 0

Business news • Mar 30

US Bonds Rally as Traders Bet on Fed Rate Cut in About-Face

The US bond market rallied back from its deepest selloff in 17 months as traders ditched wagers that the Federal Reserve will hike interest rates,...

8 0 0

Business news • Mar 30

U.S. flight attendant missing in Colombia found dead, family says

Authorities have identified a body found in Colombia as that of missing U.S. flight attendant Eric Fernando Gutiérrez Molina, his sister told NBC News on...

9 0 0

Business news • Mar 30

Federal judges report broad adoption of AI tools

A new Northwestern study surveying federal judges across the U.S. on their use and outlook on artificial intelligence in and outside of the courtroom found...

10 0 0

Business news • Mar 30

U.S. stocks are faring worse than during past geopolitical shocks — and there’s plenty of room for them to fall further

The S&P 500 is down 7.4% since the Iran conflict began — worse than the median 6.1% decline during previous geopolitical shocks.

8 0 0

Business news • Mar 30

US paves way for private assets to be included in 401(k) retirement plans

The Trump administration on Monday issued a long-awaited proposed rule to open up ​retirement plans to alternative assets, paving the way for private equity...

9 0 0

Business news • Mar 30

Sysco Nears $29 Billion Deal to Buy Restaurant Depot, WSJ Says

Nathan “Natie” Kirsh, the billionaire owner of a closely held company crucial to US restaurants, is selling his business that began with a single warehouse...

8 0 0

Business news • Mar 30

Federal Reserve Chair Jerome Powell Just Gave Investors Great News

Considering oil prices have surged in recent weeks due to the war in Iran, and recent inflation data has also run hot, investors have grown increasingly...

7 0 0

Business news • Mar 30

Opinion: Private-credit crisis or growing pains? Why the ‘Big Six’ banks are a safer bet.

Stress in private credit makes the relative stability of major U.S. banks look increasingly attractive.

4 0 0

Business news • Mar 30

Private Assets Are Coming to 401(k)s

Yay? Look, the timing isn't great. Even a few months ago, the big story in financial markets was the rise of private credit, and the push to put alternative...

10 0 0

Business news • Mar 30

Air Canada CEO to retire after French-language flub, Carney welcomes move

Air Canada CEO Michael Rousseau will retire by October, the airline said on Monday, after he sparked a backlash for failing to offer condolences in French,...

8 0 0

Business news • Mar 30

Air Canada CEO announces his retirement 1 week after deadly crash

Air Canada CEO Michael Rousseau will retire by end of Q3 2026 after facing criticism over an English-only condolence video following a fatal LaGuardia...

9 0 0