Business
CBS News Fires '60 Minutes' Correspondent Scott Pelley After Producer Clash
Veteran journalist terminated following heated confrontation with new executive producer over show's direction.
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Business Page 2
Business news: companies, deals, labor and the economy.
BusinessMap: Gas Prices Surge Toward $5 as Iran War Impacts Vary by State
As national averages approach $5 per gallon, one state has suspended its gas tax while Trump and Cabinet officials consider federal action.
BusinessAround 1 in 5 Young People Use AI Chatbots for Mental Health Advice
New survey reveals nearly 20% of adolescents and young adults turn to artificial intelligence for support when feeling sad, angry, nervous or stressed, raising questions about digital mental health resources.
BusinessAnthropic Files for IPO Before OpenAI in Trillion-Dollar AI Startup Race
The surprise move puts Anthropic ahead of OpenAI in the race to become the next trillion-dollar AI company to go public.
BusinessHow Cash and Debit Card Users Are Subsidizing $30 Billion in Credit Card Rewards
A Harvard study reveals that people who pay with cash and debit cards effectively subsidize billions in points and perks for credit card users.
- Business
Anthropic Files for IPO Before OpenAI in Race to Become Next Trillion-Dollar AI Giant
AI startup surprises markets by announcing initial public offering ahead of its primary competitor in the generative AI space.
- Business
Gas Prices Approach $5 Per Gallon as States Consider Tax Relief
National averages climb amid Iran war tensions while Trump administration and state officials explore suspending gas taxes to provide consumer relief.
BusinessHonda Recalls Nearly 100,000 Vehicles Over Airbag Safety Issues
The National Highway Traffic Safety Administration announces the recall due to airbag complications that could pose safety risks to drivers and passengers.
BusinessOil Prices Record Biggest One-Month Drop in Six Years as Consumers Get Relief
Crude oil prices fell dramatically in May, marking the largest monthly decline since the market turmoil of six years ago and bringing relief to drivers facing high gas costs.
BusinessTexas Homeowners Join Virtual Power Plants, Earning Cash for Grid-Connected Solar
The Wright family transformed their solar-powered home into part of a Virtual Power Plant network, selling excess energy back to the electrical grid while utility companies seek more participants.
- Business
Virtual Power Plants Offer Homeowners Cash for Grid-Connected Solar Systems
Texas utility companies are paying residents to turn their solar-powered homes into distributed energy networks that support the electrical grid.
- Business
Oil Records Biggest One-Month Drop in Six Years, Bringing Consumer Relief
Crude oil prices experienced their largest monthly decline since 2020, offering hope for lower gas prices as consumers face economic pressures.
- Business
Oil Prices Set for Biggest Monthly Drop in Six Years
Crude oil heading for largest one-month decline since 2020, delivering relief to consumers facing high gasoline costs nationwide.
BusinessOil Prices Set for Biggest Monthly Drop in Six Years as Consumers Get Relief
Crude prices are heading for their largest one-month decline since 2020, providing some respite from months of rising fuel costs.
BusinessStudent Commencement Protests Signal Growing AI Resistance in Higher Education
College students openly boo AI-related speakers at graduation ceremonies as companies accelerate artificial intelligence integration across industries.
BusinessCBS Names Tech Journalist Nick Bilton New Executive Producer of '60 Minutes'
Former New York Times columnist hired as flagship newsmagazine faces ratings challenges and seeks to modernize programming approach.
- Business
Gas Tax Suspension Talks Heat Up as Prices Near $5 Per Gallon
One state has already suspended its gas tax while Trump administration considers federal action amid Iran conflict.
BusinessIllinois Passes Historic AI Safety Bill Requiring Third-Party Audits
The groundbreaking legislation goes beyond California and New York regulations, mandating independent safety assessments for America's largest AI companies.
BusinessAI Demand Pushes Micron and SK Hynix Into Trillion-Dollar Valuation Club
Memory chip makers join Apple, Meta, and Tesla as artificial intelligence applications drive unprecedented demand for high-performance semiconductors.
BusinessNew York Mayor Unveils $28 Billion Housing Plan to Define Legacy
Zohran Mamdani's ambitious proposal aims to build and preserve 400,000 affordable housing units over the next decade.
BusinessTrump Pledges Federal Protection for Crypto Industry and Prediction Markets
President commits to establishing CFTC authority over prediction markets while vowing to safeguard cryptocurrency sector from regulatory overreach.
BusinessTech Titans Remain Mostly Silent After Pope Leo's Warning About AI Risks
Pope Leo XIV's sweeping warning about artificial intelligence dangers drew a largely muted response across the American technology industry.
BusinessStarbucks Struggles to Contain South Korea 'Tank Day' Campaign Backlash
The coffee giant faces sustained public outrage over marketing campaign widely perceived as mocking pro-democracy movement victims.
BusinessChina's Huawei Touts Major Chip Design Breakthrough in Bold Bid to Defy U.S. Sanctions
Chinese tech giant claims it can produce cutting-edge semiconductors within five years as Beijing pushes to circumvent American technology restrictions.
- Business
Huawei Touts Major Chip Design Breakthrough in Bold Bid to Defy U.S. Technology Sanctions
The Chinese tech giant claims it can produce cutting-edge semiconductors within five years despite ongoing American restrictions.
- Business
Huawei Claims Major Chip Design Breakthrough to Circumvent U.S. Technology Sanctions
Chinese tech giant says it has achieved advances that will allow production of cutting-edge semiconductors within five years, marking Beijing's latest effort to defy American restrictions.
BusinessTwo Top Walmart Executives Exit Under New CEO John Furner
Chief operating officer of Sam's Club retires while EVP of store operations departs as leadership changes continue.
BusinessBizarre Fish 'Experiment' Videos from China Hijack Internet's Worst Impulses
Hundreds of "LabGerm" videos featuring gloved hands and AI narration have flooded social media platforms, exploiting algorithmic engagement patterns.
BusinessKevin Warsh Sworn In as Fed Chair as Trump Rate Cut Hopes Fade
New Federal Reserve chair takes control of world's most influential central bank amid mounting economic pressures and political expectations.
BusinessWalmart Signals Price Increases as Soaring Fuel Costs Hit Operations
The retail giant reported positive earnings but warned that rising fuel expenses could force higher consumer prices.