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Business News

Location American Business News for 16 May 2026
Cisco CEO reveals real reason behind 4,000 job cuts Cisco CEO reveals why 4,000 cuts are not a cost reduction and the company's plan to win the AI race.
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Strategy to Repurchase $1.5B in Notes, Says Bitcoin Sales Could Fund Deal Strategy plans to repurchase about $1.5 billion of convertible notes, with the final price tied partly to its stock performance. The filing also lists bitcoin sales as a possible funding source, renewing focus on its tre...
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Donald Trump urges Taiwanese chip manufacturers to relocate to the US amid tensions with China, aiming to secure national tech dominance and reduce dependency on Taiwan.
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Bitcoin Slides to $77,614 as US and Israel Weigh New Strikes on Iran Bitcoin fell below $78,000 (hitting a session low of $77,614), a drop that erased its monthly gains and shaved over $40 billion off its market cap. Bitcoin Slips Below $78,000 as Geopolitical Tensions Rise Bitcoin dipped...
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Oysters, Champagne and Billionaires Buying Art

The New York Times - 16 May 2026 13:00
When the European Fine Art Foundation alights in Manhattan, its something like a billionaire version of the classic television game show Supermarket Sweep.
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High gas prices and inflation are stressing people out - but the economy will be fine as long as they keep spending Nearly three months into the Iran war, Americans are still spending plenty of money to keep the economy on the up and up.
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Workers at the Long Island Rail Road, serving the eastern New York metropolitan area, walked off the job on SaturdayNorth Americas largest commuter rail system was shut down on Saturday after unionized workers in the New...
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Small caps are still riding high despite latest setback. But more trouble could lie ahead. The small-cap Russell 2000 led U.S. stocks lower on Friday - yet it has outperformed all major indexes except the Nasdaq in 2026.
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U.S. Debt Is Now Bigger Than the Economy. Thats Not the Real Problem. Washington quickly brushed off a startling milestone in a mounting problem.
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Dropbox chief people officer: The hybrid work model is the worst of all worlds While other companies roll out RTO mandates, Dropbox is embracing a virtual-first model for its workforce. As companies battle it out with employees over RTO policies, Dropbox is choosing to stay out of the drama by prio...
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Salesforce CEO Marc Benioff said his company will likely spend $300M on Anthropic tokens Salesforce CEO Marc Benioff said he's able to work faster with AI agents and that the company is working on tech to make coding easier at Slack.
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XRP Ledger Activity Jumps as Price Tests $1.55, Large Wallets Set Record XRP Ledger activity climbed as XRP cleared $1.54, with Santiment reporting 48,453 active wallets and the strongest network growth reading since March. The surge pointed to renewed participation as price momentum returned...
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Mike Perry Batters Nate Diaz In Bloody TKO Win Mike Perry battered Nate Diaz over two bloody rounds at MVP MMA 1, with Diaz's corner pulling him out at the end of Round 2 for an official doctor's stoppage TKO at 5:00.
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What Is the Self Employment Tax Deduction and How Does It Work?

Small Business Trends - 16 May 2026 23:34
What Is the Self Employment Tax Deduction and How Does It Work? Discover what the self employment tax deduction is and how it works. Learn how to maximize your tax savings as a self-employed individual, including eligibility requirements and tips for claiming this valuable deduction....
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Admiral Brian Christine, a urologist, leads the U.S. response to the hantavirus crisis, sparking debate over his medical background and public health views.
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FBI Director Kash Patel faces criticism for using government resources for luxury travel and unprecedented security for his partner, raising questions about adherence to federal protocols.
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Conor McGregor Vs. Max Holloway 2 Is Official: Here's Everything We Know The UFC has officially announced Conor McGregor vs. Max Holloway 2 as the main event of UFC 329 on July 11, 2026 in Las Vegas. McGregor returns from a five-year layoff.
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Americans face unexpected opportunity after housing market shift The spring 2026 housing market has given buyers and real estate investors an edge, according to one industry expert.
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ITR Filing 2026: Foreign assets in your portfolio? Here's why you should not miss Schedule FA disclosure Taxpayers with foreign investments must disclose them in Schedule FA when filing income tax returns. Resident and Ordinarily Resident taxpayers are required to report foreign assets, regardless of income generated, to av...
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Francis Ngannou Scores Highlight-Reel KO In MVP MMA 1 Debut Francis Ngannou knocked out Philipe Lins with a temple shot in Round 1 at MVP MMA 1, the first MMA card ever streamed on Netflix. Herb Dean stopped the fight.
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Mistral AI's CEO says Europe has 2 years to stop becoming America's AI 'vassal state' Mistral's CEO Arthur Mensch said AI dominance will depend on who controls chips, energy, and computing infrastructure.
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Tokenized RWA Market Hits $34.5B With 100% Annual Growth as Institutional Inflows Grow The tokenized real-world asset market crossed $37.5 billion in total market capitalization in May 2026, marking 100% growth year-on-year amidst deepening institutional demand for onchain yield. Institutions Pile Into Onc...
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