Business

This column originally appeared in The Politics Brief, our weekly newsletter on the people, power and policies that shape New Yorkers’ lives. Sign up to get the full version where you can ask questions, share news tips and weigh in on the conversation. Hits inboxes on Wednesdays. Fordham Road in the Bronx is just an…

U.S. President Donald Trump holds up an executive order during an event in the Oval Office of the White House on April 30, 2026 in Washington, DC. Andrew Harnik | Getty Images President Donald Trump signed an executive order Thursday to create a new way to save for retirement for workers who don’t currently have…

SAN DIEGO (KGO) — Federal aviation officials are investigating a United Airlines pilot’s report that the aircraft hit a drone while landing at San Diego International Airport on Wednesday morning. The pilot of Flight 1980 from San Francisco International Airport reported the sighting to air traffic controllers at Lindbergh Field after the aircraft landed safely….

The Treasury-run myRA was restricted to low-return Treasuries. Officials crafted TrumpIRA.gov — which will allow workers to filter retirement plans by factors like cost, minimum contribution, and minimum balance — to instead encourage workers to tap a more lucrative mix of investments via the private sector. Thursday’s order also drafts Treasury, which must launch the…

CLEVELAND — It was a very lucky night for the Powerball drawing on Wednesday, April 29, 2026, as two winning tickets matched all of the numbers and will split the $143 million jackpot. Those big winners are in Indiana and Kansas. This may be one of the luckiest nights in Powerball history as the lottery’s…

Revenue in Q1 2026 increased 56% to $19.8 billion primarily driven by volume growth, partially offset by lower realized prices from Mounjaro and Zepbound. Q1 2026 EPS increased by 170% to $8.26 on a reported basis and increased by 156% to $8.55 on a non-GAAP basis. The Q1 2026 reported and non-GAAP EPS included $0.52…

European Union flags flutter on the day European Central Bank (ECB) President Christine Lagarde speaks to reporters following the Governing Council’s monetary policy meeting in Frankfurt, Germany September 12, 2024.  Jana Rodenbusch | Reuters The European Central Bank kept interest rates on hold at its April meeting, despite a surge in inflation in the euro…

WASHINGTON (AP) — A key inflation measure jumped in March as gas prices soared, the latest sign that the Iran war is pushing up the cost of living and delaying any interest rate cuts by the Federal Reserve. An inflation gauge monitored by the Fed rose 0.7% in March from February, up sharply from the…

The head of the United Nations warned Thursday of the “specter of global recession” if the U.S.-Iran war doesn’t end soon, imploring both sides to reopen the Strait of Hormuz and “let the global economy breathe again.”  Speaking to journalists in New York, U.N. Secretary-General Antonio Guterres said that despite the “fragile ceasefire” between the…

Monday, the stock market was on fire, with the S&P 500 and the Nasdaq Composite both hitting new all-time highs, and optimism reigned. The mood turned dour on Tuesday morning as a report about one of the most consequential stocks in artificial intelligence (AI) caught investors off guard, sending AI chip stocks tumbling. Growth is…

Robert Isom has finally responded to Scott Kirby’s public merger fantasy, and while he ruled out United, he left the door open to other deals. American Airlines CEO Robert Isom reportedly told employees that a merger with United Airlines is off the table, but signaled that other transactions could make sense, including a closer partnership…

Meta Platforms is set to report first quarter of 2026 earnings on Wednesday, and investors will have a gimlet eye on capital expenditures. Capex is expected to rise to between $115 billion and $135 billion this year as Meta focuses on its Superintelligence Labs. However, a batch of SEC filings also indicate Meta is betting…

UBS generated a net profit attributable to shareholders of $3 billion for the first quarter, up 80% year-on-year and surpassing the $2.8 billion estimated by analysts, according to an LSEG-compiled consensus poll. The Swiss banking and asset management giant’s common equity tier (CET) 1 capital ratio — a gauge of a bank’s solvency — also…

LOS ANGELES (KABC) — The death of a woman who apparently fell from a balcony in her stateroom aboard a Carnival Cruise Line vessel near Catalina Island is under investigation Tuesday. “Carnival confirmed the death of a Carnival Firenze guest who apparently went over the balcony of her stateroom early Monday morning and landed on…

ESPN will remain under the Disney umbrella, at least for the time being. After rumors of a potential ESPN spinoff emerged as Disney introduced new CEO Josh D’Amaro in March, it appears the new executive has decided to keep ESPN. According to a report by Peter Kafka in Business Insider, Disney has “decided against” an…

SYDNEY, AUSTRALIA – DECEMBER 06: Pedestrians and shoppers move along George Street on December 06, 2024 in Sydney, Australia. Lisa Maree Williams | Getty Images News | Getty Images Australia’s inflation rate soared to 4.09% in the first quarter from a year earlier, marking its highest level in more than two years. The reading was…

Google has granted the U.S. Department of Defense access to its AI for classified networks, essentially allowing all lawful uses, according to multiple news reports. This deal follows Anthropic’s public stand against the Trump administration after the model maker refused to grant the DoD the same terms. The Pentagon wanted unrestricted use of AI, whereas…

LOUISVILLE, KY — Brown‑Forman Corporation (NYSE: BFA, BFB) today announced that the company and Pernod Ricard have terminated discussions regarding a potential business combination, as the companies were unable to reach mutually agreeable terms. Brown‑Forman and Pernod Ricard previously confirmed discussions on March 26 and noted there could be no assurance that any such agreement…

OAKLAND, Calif. (AP) — Elon Musk, the Tesla CEO, world’s richest man and OpenAI cofounder, took the stand Tuesday in a high-stakes trial revolving around a bitter feud with his former friend Sam Altman that could reshape the future development of artificial intelligence. His testimony at the Oakland, California, federal courthouse kicked off a legal…

WASHINGTON — The Food and Drug Administration on Tuesday announced efforts to make clinical trials more efficient, starting by reviewing data in real time from trials conducted by AstraZeneca and Amgen.   The agency also asked the public to weigh in on a potential pilot program to work with companies that use AI to enhance safety…

Oakland San Francisco Bay Airport will keep its name, officials at the San Francisco City Attorney’s Office said Tuesday, announcing a settlement in the trademark dispute that became an intercity spat. Officials in San Francisco filed the lawsuit in April 2024 after the Port of Oakland — which manages the city’s airport — decided to embellish…

US Federal Reserve Chair Jerome Powell arrives for a press conference following the Federal Open Market Committee meeting at the Federal Reserve Board Building in Washington, DC, on March 18, 2026. Brendan Smialowski | Afp | Getty Images In what could be Jerome Powell’s final meeting as Federal Reserve chair, he is expected to lead…

Read Amazon’s 6 internal tenets for AI adoption: ‘Cutting edge, not bleeding edge’ Amazon pushes AI use and closely tracks adoption, as some employees push back Meta employees react to pending job cuts: ’28 days of hell’ Inside the dashboards JPMorgan is using to track and rank engineers’ AI use Business Insider tells the innovative…

Robinhood (HOOD) missed its first-quarter earnings and revenue estimates after reporting a sharp decline in crypto trading revenue, even as growth in other parts of its business pushed overall revenue higher. The popular trading platform reported first-quarter adjusted earnings per share of $0.38, missing Wall Street’s $0.39 estimate, according to FactSet data. While the company…

Traders work on the floor of the New York Stock Exchange in New York, April 29, 2026. Michael Nagle | Bloomberg | Getty Images The Dow Jones Industrial Average ended Wednesday lower as oil prices continued their rally amid a U.S. blockade of Iranian ports and after the Federal Reserve left its key interest rate…

Almost as soon as OpenAI announced that its major investor and cloud partner, Microsoft, no longer has exclusive rights to any of its products, Amazon started gloating. After the revised OpenAI/Microsoft agreement was announced on Monday, Amazon CEO Andy Jassy noted in a tweet that it was a “very interesting announcement.” That agreement solved OpenAI’s…

Transportation Secretary Sean Duffy said Monday that Congress might need to sign off on the other airlines’ counterproposal, which would see the US government spend $2.5 billion to help a coalition of carriers also facing higher fuel costs from the Iran war. “Why Spirit above everybody else?” Sen. Lisa Murkowski, R-Alaska, told Semafor. “I don’t…

In this article AAL LUV DAL UAL JBLU ULCC Follow your favorite stocksCREATE FREE ACCOUNT Jet fuel prices have surged this year since the attacks on Iran that began two months ago led to the Strait of Hormuz effectively closing. For now, airline executives say travelers are still flying, increasingly covering the bill. The price…

Global Unit Case Volume Grew 3% Net Revenues Grew 12%; Organic Revenues (Non-GAAP) Grew 10% Operating Income Grew 19%; Comparable Currency Neutral Operating Income (Non-GAAP) Grew 12% Operating Margin was 35.0% versus 32.9% in the Prior Year; Comparable Operating Margin (Non-GAAP) was 34.5% versus 33.8% in the Prior Year EPS Grew 18% to $0.91; Comparable…

Dozens of men and women queued up on a recent afternoon within the sun-lit lobby of Resorts World New York City, the casino that’s been operated for the past 15 years in Ozone Park, Queens. They weren’t paying customers in search of slot machine glory, but rather job seekers in search of another kind of…

(Bloomberg) — BP Plc’s posted earnings that far exceeded analyst expectations in the first quarter, as energy market turmoil caused by the Iran war led to a surge in profits from its oil trading operation. Most Read from Bloomberg Adjusted net income more than doubled from a year earlier to $3.2 billion, helped by a…

In this article SBUX Follow your favorite stocksCREATE FREE ACCOUNT Starbucks on Tuesday raised its full-year outlook for comparable earnings and same-store sales growth after reporting its second straight quarter of traffic growth. “This quarter marked a milestone for Starbucks – and the turn in our turnaround,” CEO Brian Niccol said in a video posted…