Business news

Business news • Apr 06

Rivian R2 EPA numbers out: 217 kW DC charge, up to 335mi range, heat pump

Rivian's EPA certification for its upcoming R2 shows high efficiency, weight savings, and a quick DC charge speed.

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Business news • Apr 06

US service sector cools in March, inflation heating up amid Iran war

WASHINGTON, April 6 (Reuters) - U.S. services sector growth slowed in March, while prices paid by businesses for inputs increased by the most in more than...

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Business news • Apr 06

AI is cutting 16,000 U.S. jobs a month — and Gen Z is taking the brunt, Goldman Sachs says

New research by Goldman Sachs economists finds that AI is already a measurable drag on the U.S. job market—erasing roughly 16,000 net jobs per month over...

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Business news • Apr 06

Wall Street is enabling Donald Trump's catastrophic war in Iran

Every Monday is Groundhog Day since President Donald Trump launched the ill-planned boondoggle in Iran. On Sunday night, before stock and commodities...

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Business news • Apr 06

Oracle hires Schneider Electric's Maxson as CFO amid AI spending boom

Oracle on Monday named Hilary Maxson as its ​chief financial officer, tapping an executive with deep experience in infrastructure and energy as it ‌ramps up...

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Business news • Apr 06

AP says it will offer buyouts as part of pivot away from newspaper journalism

The Associated Press said Monday it is offering buyouts to an unspecified number of its U.S.-based journalists as part of an acceleration away from the...

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Business news • Apr 06

The Big Bang: A.I. Has Created a Code Overload

When a financial services company recently began using Cursor, an artificial intelligence technology that writes computer code, the difference that it made...

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Business news • Apr 06

OpenAI Advocates Electric Grid, Safety Net Spending for New AI Era

OpenAI has released a set of policy recommendations meant to help navigate an era of artificial intelligence-fueled upheaval — including suggesting the...

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Business news • Apr 06

Five Risks Jamie Dimon Is Worried About in 2026

JPMorgan's chief executive highlighted a range of scenarios in his annual letter to shareholders that could have a decisive impact on world affairs.

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Business news • Apr 06

Exclusive | BNY, Robinhood Win Contract for Running Trump Accounts

Wall Street firms have been vying to score a coveted role in the program.

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Business news • Apr 06

China stands to benefit most from the war-driven energy crisis

Sales of Chinese electric vehicles and solar panels have surged since the start of the Iran war, companies say.

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Business news • Apr 06

He survived working for Elon Musk. Here’s how.

Musk's demanding leadership style shaped one of the world's most valuable companies. A former Tesla president shares how he hung on.

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Business news • Apr 06

OpenAI’s vision for the AI economy: public wealth funds, robot taxes, and a four-day workweek

OpenAI proposes taxes on AI profits, public wealth funds, and expanded safety nets to address job loss and inequality, blending redistribution with...

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Business news • Apr 06

A key Medicare Advantage announcement is due today

Medicare Advantage rates, a health system monopoly forms, hospitals and insurer face off in Texas, and more from STAT's Health Care Inc.

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Business news • Apr 06

OpenAI’s Altman releases blueprint for taxing, regulating artificial intelligence

OpenAI published a policy blueprint for artificial intelligence on Monday, recommending a revised social contract to prepare for the technology's likely...

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Business news • Apr 06

The California Lake Billed as the ‘Saudi Arabia of Lithium’

Beneath California's Salton Sea, there is so much metal essential to rechargeable batteries that Gov. Gavin Newsom calls the vast lake “the Saudi Arabia of...

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Business news • Apr 06

'The end of the road': Market heavyweights Michael Burry and Jeff Gundlach eye trouble ahead for private credit

The list of top Wall Street names sounding the alarm on the private credit market is growing, with Michael Burry and Jeffrey Gundlach recently warning about...

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Business news • Apr 06

JPMorgan CEO Jamie Dimon predicts AI will cut the workweek down to 3.5 days

AI is looming over many white-collar workers like a dark cloud, threatening to automate their jobs. But JPMorgan Chase CEO Jamie Dimon said there are...

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Business news • Apr 06

Neurocrine, eying ‘blockbuster in the making,’ strikes its largest-ever M&A deal with $2.9B Soleno buyout

The acquisition of Soleno and its hyperphagia drug Vykat XR comes a few months after Neurocrine unveiled an obesity pipeline.

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Business news • Apr 06

Jamie Dimon says US should strengthen allies economically, in veiled criticism of Trump

JP Morgan boss warns of risks of higher inflation and interest rates due to Iran war in annual letter to shareholders.

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