Business news
Read the latest verified Business news on BetaVoices, with related events, figures, and place-driven context.
This section currently has 58 approved stories, with the latest update on May 5, 2026.
Nissan to shut Sunderland production line and cut 900 European jobs
The carmaker says Sunderland’s two production lines will be consolidated into one, while separate talks cover wider European workforce reductions
Elon Musk to pay $1.5M to settle SEC suit over Twitter disclosures
The proposed settlement, which still needs a judge’s approval, resolves claims that Musk waited too long to disclose early Twitter stock purchases in 2022
US denies Iranian report that missiles hit Navy ship
CENTCOM said no U.S. Navy ships were struck as Washington began helping merchant vessels move through the Strait of Hormuz under “Project Freedom
Iran warns U.S. over Hormuz ship plan as oil stays above $100
Trump says the U.S. will help guide stranded vessels out of the blocked strait, but Iran says passage must be coordinated with its armed forces
Why prediction markets are sitting out the Kentucky Derby
Churchill Downs’ CEO says horse-racing wagers require track permission, and the Derby’s owners are not interested in cutting a deal with prediction platforms
Buyers emerge for former Hudson’s Bay stores in four cities
Court filings list prospective purchasers for ex-HBC sites in Vancouver, Calgary, Ottawa and Windsor, but do not disclose prices or redevelopment plans
UAE’s Opec exit tests the cartel’s grip on oil supply
The Gulf producer wants more room to pump after years of quota limits. The move may not drive prices during the Strait of Hormuz crisis, but it could reshape the market afterward
Starbucks lifts outlook after stronger traffic, sales growth
The coffee chain reported a second straight quarter of traffic gains and said higher gas prices have not yet changed customer behavior
Trump-Powell feud nears its end after years of public clashes
As Jerome Powell prepares to step down and Kevin Warsh awaits confirmation, the fight over rates, renovation costs and Fed independence remains central to the handover
UAE quits OPEC, testing the oil cartel’s grip on supply
The Gulf producer says it is leaving OPEC and OPEC+ to focus on national interests, a move that could matter more after current Gulf disruptions ease