Business & Economy
Pentagon labels tech giant Alibaba and electric car maker BYD as aiding Chinese military
The Pentagon has added several prominent Chinese businesses, including the tech giant Alibaba, electric car maker BYD and search engine Baidu, to its list of Chinese military companies, preventing them from getting U.S. defense contracts.
U.S. carriers spent $6.5B on fuel in April; global profit forecast is cut nearly in half
U.S. airlines spent more than $6 billion on jet fuel in April, up 78% from a year earlier despite using slightly less fuel, government data released Monday showed. Meanwhile, the airline industry’s top global trade group warned that soaring energy costs could nearly halve profits in 2026.
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OpenAI files confidential SEC paperwork for IPO, opening the door to a Wall Street debut
ChatGPT maker OpenAI filed preliminary paperwork that would open the door to it becoming a publicly traded company, making itself the third in a powerhouse trio of artificial intelligence companies racing to Wall Street debuts.
Trump administration will offer expedited visa interviews at select embassies for $750
The State Department will offer a "premium" expedited service for foreigners seeking business or tourist visas to come to the United States that will set applicants back $750 - on top of the initial fee of $185.
Man in Texas is accused of using a fake boarding pass to get on a United flight to Los Angeles
A Texas man is accused of using a fake boarding pass to get on a United Airlines flight before he was found hiding in a restroom, forcing the plane back to the gate before it could take off at Houston's George Bush Intercontinental Airport, court documents say.
Reports detail women’s claims of sexual coercion against West Ham co-owner
Seven women have accused David Sullivan, the West Ham co-owner who made a fortune in the porn and media industry, of preying on them for sex, according to an investigation by the BBC and The Times of London on Monday.
AI stocks recover some of last week’s sell-off, while oil prices come off their overnight highs
Wall Street is recovering some of its sell-off from Friday, as stocks swept up in the artificial-intelligence boom bounce back on Monday. Oil prices, meanwhile, are higher following fighting between Israel and Iran, but they have come off their peaks from overnight.
European Union freezes assets for Iranian officials involved in blocking Strait of Hormuz
The European Union on Monday sanctioned two senior Iranian officials for their roles in Tehran's scheme to restrict maritime traffic through the Strait of Hormuz.
Two more Texas screwworm infections found in animals far apart, USDA says
Two more cases of the New World screwworm have been confirmed in Texas, demonstrating the difficulty of stopping the spread of a pest that could potentially devastate the nation's cattle industry, the U.S. Department of Agriculture announced Monday.
