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The Latest Breaking News on Business

Starbucks Retires NomadGo Inventory AI Across 11,000 Stores: Workers Had to Recount Every Scan

Starbucks terminated its AI-powered inventory counting system across all North American stores this week, nine months after deploying it as a centerpiece of CEO Brian Niccol's "Back to Starbucks" turnaround — the most prominent enterprise AI rollback in retail so far in 2026. An internal newsletter reviewed by Reuters and…

International Business Times

Trump aide Rubio touts US energy on India trip meant to repair ties

US Secretary of State Marco Rubio met with Indian Prime Minister Narendra Modi to strengthen ties. Discussions focused on trade and energy, with the US aiming to sell energy products to India. The visit sought to mend relations strained by US tariffs and engagement with India's rivals. Rubio extended an…

The Economic Times

Current price of oil as of May 22, 2026

When oil prices change, it affects your energy costs—and even the price of everyday items. Here’s why.

Fortune

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Wall Street rises as Middle East hopes lift sentiment

US stocks have closed higher as investors monitored developments in the Middle East and as Kevin Warsh took over as head of the Federal Reserve.

AAP

Oil prices settle higher on slow progress in US-Iran peace talks

Oil prices saw a volatile week as hopes for a U.S.-Iran peace deal, which would normalize shipping through the Strait of Hormuz, fluctuated. Despite some positive signals from U.S. officials and Pakistani facilitation, significant gaps remain, particularly on uranium stockpiles. Global oil inventories are depleting rapidly due to the disruption,…

The Economic Times

Class-action price-fixing lawsuit targets hard drive component makers as costs skyrocket — 13-year scheme allegedly drove up prices for major HDD brands

Class-action lawsuit filed against HDD suspension assembly makers

Tom’s Hardware

Wall Street Week Ahead: Soaring stocks could face rocky patch as earnings wind down, yields perk up

US stocks face potential headwinds as a strong earnings season concludes. Investors are shifting focus to rising inflation and bond yields, with the PCE price index due Thursday. Futures now price in a potential Fed rate hike later in 2026, a stark contrast to earlier expectations. Key reports from Salesforce…

The Economic Times

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Was Boeing responsible for deadly crashes that killed 346? What US jury said

LOT had demanded $250 million in damages, accusing Boeing of misleading airlines about the safety of the MAX jets before the Lion Air and Ethiopian Airlines disasters killed 346 people and triggered a worldwide suspension of the aircraft. But after hearing the case in a Seattle federal court, jurors sided…

The Times of India

US jury finds Boeing not guilty in 737 MAX grounding lawsuit

A US jury has ruled that Boeing is not liable for lost revenue claimed by Polish airline LOT in a lawsuit concerning the 737 MAX. LOT had accused the aerospace giant of fraud and sought $250 million after the jets were grounded for 20 months following two fatal crashes.

The Economic Times

A mere 16% of Americans give high marks to the economy in what could be Trump’s undoing in midterms

High gas prices and rising inflation could spell disaster for Republicans in the midterms

The Independent UK

Is Wall Street Bullish or Bearish on Extra Space Storage Stock?

While Extra Space Storage has considerably underperformed the broader market over the past 52 weeks, Wall Street analysts maintain a moderately optimistic outlook about the stock’s prospects.

Barchart

Lockheed Martin Stock: Is Wall Street Bullish or Bearish?

Despite Lockheed Martin’s underperformance relative to the broader market over the past 52 weeks, Wall Street analysts maintain a moderately optimistic outlook on the stock’s prospects.

Barchart

Are Wall Street Analysts Bullish on Parker-Hannifin Stock?

Parker-Hannifin has outperformed the broader market over the past year, and analysts remain highly optimistic about the stock’s prospects.

Barchart

Top Pension Fund Faces Fresh Scrutiny After Independent Probe Alleges Secrecy, Weak Returns And Oversight Gaps

The California Public Employees' Retirement System (CalPERS), the nation's largest public pension fund, has been hampered by secrecy, chronic underperformance, understated investment costs and potential conflicts of interest, according to a new report.

International Business Times

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Barchart

Revvity Stock: Analyst Estimates & Ratings

Revvity has underperformed the broader market over the past year, but analysts are cautiously optimistic about the stock’s prospects.

The Economic Times

US stocks today: Dow hits record high as Middle East hopes lift sentiment and Warsh takes Fed charge

US stocks rose as Dow hit an intraday record and S&P 500 extended its winning streak to eight weeks, supported by strong earnings and hopes of easing Middle East tensions. Tech stocks gained after Lenovo results lifted Dell and HP. Bond yields eased while Kevin Warsh was sworn in as…

The Independent UK

Another low budget airline files for bankruptcy – following in Spirit’s steps

Magnicharters, a low-cost Mexican carrier, filed for bankruptcy protection earlier this week in the First District Court in Mexico City, according to The Street

Barchart

Do Wall Street Analysts Like Ares Management Stock?

Ares Management has notably underperformed the broader market over the past year, but analysts are cautiously optimistic about the stock’s prospects.

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Saving Advice

Ohio Seniors: Why More Local Banks Are Adding Elder Fraud Protections to Accounts in 2026

For many Ohio seniors, the biggest financial fear is no longer just inflation or rising healthcare costs. Increasingly, retirees are worried about scams, fake bank...

PC Gamer

A single Nvidia Vera Rubin rack is estimated to cost $7,803,148 with over $2 million of that figure spent on memory alone

A 435% increase in memory cost over the GB300, supposedly.

Barchart

Are Wall Street Analysts Predicting McKesson Stock Will Climb or Sink?

McKesson has underperformed the broader market over the past year, but analysts are highly optimistic about the stock’s prospects.

Barchart

What Are Wall Street Analysts' Target Price for Quanta Services Stock?

Quanta Services has rallied the broader market over the past year, and analysts remain highly optimistic about the stock’s prospects.

TechRadar

AI code security risk: The need for a smarter layer between detection and remediation

AI is accelerating code and risk. Security needs smarter triage beyond detection to remediation.

The Independent UK

Walmart warns customers of price hikes due to rising fuel costs

In total the rising fuel costs have resulted in a $175 million hit to Walmart’s operating income, the retail giant says

The Economic Times

Angst over rising cost of living pushes US consumer sentiment to record low

US consumer sentiment fell to a record low in May as rising gasoline prices driven by the Iran war intensified cost-of-living pressures. Inflation expectations climbed sharply, especially among Republicans and independents, signalling growing economic dissatisfaction and posing risks to spending despite a still-resilient labour market and ongoing stock market gains.

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