Business news

Business news • Mar 30

Labor Department proposes including alternative assets in retirement accounts as private equity stocks jump

A federal government plan to include alternative assets in 401(k)s has lifted the stock of private equity giants.

9 0 0

Business news • Mar 30

Iran blows hole in US aluminium supply chain with smelter strikes

March 30 (Reuters) - With attacks on the two biggest aluminium smelters ​in the Middle East over the weekend, Iran struck at major suppliers to the United...

9 0 0

Business news • Mar 30

Uber Buys Chauffeur Booking App Blacklane as It Courts High-End Riders

Uber Technologies Inc. has agreed to buy the chauffeur booking app Blacklane, the company's latest move to court a high-end clientele.

8 0 0

Business news • Mar 30

Gas Prices Just Hit Their Highest Level Since 2022—See What You’ll Pay at the Pump in Your State

Gas prices have surged to their highest level in more than three years, but what you'll pay still depends heavily on where you live.

8 0 0

Business news • Mar 30

Elon Musk is escalating his feud with a Delaware judge over a ‘heart’ on a LinkedIn post

Elon Musk is known for his perennial feuds with powerful people, as with President Donald Trump, OpenAI CEO Sam Altman, and Amazon founder Jeff Bezos.

8 0 0

Business news • Mar 30

Powell: Fed yet to decide on whether to "look through" war's impact

Federal Reserve chair Jerome Powell said the Fed is not yet at the moment when it needs to decide whether to "look through" the Iran war energy shock.

10 0 0

Business news • Mar 30

Dyson’s ultra-thin PencilVac Fluffycones is tougher to resist at $150 off

Dyson's PencilVac Fluffycones is on sale during Amazon's Big Spring Sale. The slim vacuum is perfect for cleaning up the spots your robovac might miss.

8 0 0

Business news • Mar 30

Air Canada CEO Quits After Furor Over Crash Condolence Video

Air Canada Chief Executive Officer Michael Rousseau is stepping down after he caused a public-relations disaster with a video about the deadly runway...

8 0 0

Business news • Mar 30

Private-Credit Wobbles Could Prove Perilous for Trump

The Trump administration is poised to broaden access to risky investments that are showing signs of strain.

7 0 0

Business news • Mar 30

Blackstone raises $6.3B life sciences fund in record fundraising haul

Blackstone raises record $6.3B life sciences fund (Blackstone Life Sciences VI), marking largest-ever private investment fund in life sciences industry.

7 0 0

Business news • Mar 30

Americans’ expectations for inflation will shape Fed’s response to Iran war, Powell says

The Federal Reserve's response to the US-Israeli war on Iran largely hinges on how the conflict affects Americans' expectations about inflation,...

9 0 0

Business news • Mar 30

Thieves steal 12 tons of KitKat bars in Europe chocolate heist

Thieves have stolen more than 400000 KitKat chocolate bars weighing around 12 tons from a truck in Europe.

9 0 0

Business news • Mar 30

Takeda begins US layoffs as part of massive $1.3B restructuring

Takeda plans to cut 634 jobs assigned to its U.S. headquarters in Massachusetts, including 247 positions in the Bay State and 387 in other states.

5 0 0

Business news • Mar 30

Deputies arrest 3 Philadelphia women at Miami International Airport

Three women faced charges on Monday after deputies arrested them at Miami International Airport during a conflict with Frontier employees while they...

9 0 0

Business news • Mar 30

Watch Fed Chair Jerome Powell speak live to an economics class at Harvard

[The stream is slated to start at 10:30 a.m. ET. CNBC Television will start the stream when the event begins. Please refresh the page if you do not see a...

9 0 0

Business news • Mar 30

Nvidia: Helium Shortage Problems (NASDAQ:NVDA)

Nvidia trades at 11.02x forward sales despite looming input cost inflation and questionable ability to achieve 74% EPS growth. See why NVDA stock is a Sell.

8 0 0

Business news • Mar 30

A Walmart-related recession indicator that's preceded the last 4 economic downturns is flashing red

The Walmart Recession Signal, a measure of Walmart's stock price relative to luxury stocks, has spiked leading up to the last four US downturns.

9 0 0

Business news • Mar 30

Gilead refuses to sell groundbreaking HIV prevention drug to MSF

In an open letter published today, Doctors Without Borders/Médecins Sans Frontières (MSF) called on the US pharmaceutical corporation Gilead Sciences to...

10 0 0

Business news • Mar 30

US Department of Labor proposes landmark rule to democratize access to alternative investments in 401(k) plans

WASHINGTON – The U.S. Department of Labor's Employee Benefits Security Administration today issued a historic proposed regulation increasing potential...

9 0 0

Business news • Mar 30

401(k) alternative asset rule proposed by Labor Department

The Labor Department proposed a rule on including alternative assets in 401(k)s, following an August executive order from President Donald Trump directing...

9 0 0