Finance & Business News

FedEx, UPS Shares Sink on ‘Watershed’ Amazon Logistics Move - Bloomberg.com

US transportation stocks plunged Monday after Amazon.com Inc. announced expanded logistics offerings that will turn it into a major competitor for parcel carriers and air freight companies, and also impact truckers and third-party brokers.

May 4, 2026

Elon Musk’s only AI expert witness at the OpenAI trial fears an AGI arms race - TechCrunch

Stuart Russell is a long-time AI researcher who thinks governments need to restrain frontier labs.

May 4, 2026

Robot passenger causes flight delay in California - upi.com

A Southwest Airlines flight from Oakland, Calif., to San Diego was delayed for more than an hour due to an unusual passenger -- a robot.

May 4, 2026

DOJ confirms antitrust probe of major meatpackers over beef price inflation - Fox Business

The Justice Department confirmed an active antitrust investigation into U.S. cattle and beef markets amid concerns about meatpacking concentration.

May 4, 2026

Doris Fisher, Gap cofounder, dies at 94 - The San Francisco Standard

Fisher, who started the fashion brand with her late husband, was a San Francisco native.

May 4, 2026

Gas prices rise to $4.46 per gallon and oil jumps as shippers stay out of Strait of Hormuz - NBC News

Gas hit $4.46 per gallon Monday, as oil futures jumped after three days of declines, increasing the Iran war's direct cost to U.S. consumers.

May 4, 2026

Meta on trial in New Mexico in landmark case over alleged harm to children - NBC News

A ​trial will begin in New Mexico on Monday that will test the state’s claims that ‌Meta’s Facebook, Instagram and WhatsApp platforms harmed young users.

May 4, 2026

The Economy May Be ‘Sleepwalking Toward a Big Recession,’ Warns Energy Expert - TipRanks

As stocks continue to rally, global markets may be ignoring a much bigger risk posed by the current oil shock. Indeed, the S&P 500 ($SPY) recently hit a new intraday

May 4, 2026

U.S. Senate Resolves Issue Of Stablecoin Yield - Yahoo Finance

The U.S. Senate appears to have resolved the issue of whether stablecoins can pay yield similar to interest on a ba...

May 4, 2026

Berkshire shares trade higher as Buffett successor Abel scores good marks at meeting, earnings jump - CNBC

Many in the investment community were reassured by Abel's firm grasp over Berkshire's sprawling enterprise.

May 4, 2026

Jerome Powell Just Threw President Donald Trump Under the Bus One Last Time Before His Term as Fed Chair Ends - The Motley Fool

The outgoing Fed chair put the spotlight of higher inflation squarely on the president's shoulders.

May 4, 2026

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