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Business News

Location American Business News for 20 May 2026

85% of workers cant connect AI training to their job

Fast Company - 20 May 2026 05:00
85% of workers cant connect AI training to their job New research from Docebo shows why AI adoption is stalling. Heres what works. We are at an inflection point for AI. The question is no longer whether your organization is adopting it. Its whether your people are actually...
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Food inflation slows to 3%, led by meat and chocolate; prices of computer game downloads drop sharply; economists say benign inflation data reduces chances of June rate hikeCharlotte OLeary, associate economist at the Na...
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China Confirms It Will Buy 200 Boeing Planes

The New York Times - 20 May 2026 06:54
China Confirms It Will Buy 200 Boeing Planes The deal, which President Trump announced after last weeks summit, represents the largest single sale of the American companys aircraft to Beijing in nearly a decade.
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Meta begins cutting thousands of jobs in sweeping layoffs. Here's how much it's paying in severance. Meta has begun sending layoff emails to roughly 10% of its workforce. The cuts are expected to eliminate around 8,000 roles.
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The waiver reflects increasing supply concerns over certain fuels due to the effective blockade of the Strait of Hormuz.
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Elon Musks SpaceX Pulls Back the Curtain on Its Finances

The New York Times - 20 May 2026 21:10
Elon Musks SpaceX Pulls Back the Curtain on Its Finances Mr. Musks rocket and satellite maker disclosed its financial performance for the first time, as it prepares to go public in what is set to be one of the largest offerings to date.
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Blackrock Drives $331M Bitcoin ETF Outflow as XRP and Solana Funds Attract Inflows Institutional selling pressure remained firmly in control on Tuesday as bitcoin ETFs posted another major wave of outflows, while ether funds extended their losing streak to seven consecutive sessions. In contrast, solan...
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They Graduated Into the Bleakest Job Market. Now Its Their Childrens Turn. The New York Times profiled young job seekers in 1991. Today, their own children are entering a work force in flux.
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Citi calls Boeing selloff a 'gift,' resets stock price target Citi's Jason Gursky raised his Boeing target to $260 and called the 7% selloff a buying chance, citing a $695B backlog and the 750-jet China option.
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Fannie Mae predicts shift in home sales, real estate market The government-sponsored enterprise (GSE) has released new projections that could impact homebuyers and investors.
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Target sees unexpected shift in customer behavior

The Street - 20 May 2026 12:04
Target sees unexpected shift in customer behavior Target is seeing new patterns among shoppers after recent changes across its stores.
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The Growing Anxiety Over AI, Jobs and the Future

The New York Times - 20 May 2026 11:51
The Growing Anxiety Over AI, Jobs and the Future Layoffs linked to artificial intelligence are rattling workers and college graduates, stoking concerns worldwide that are showing up in polls.
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Telegram group at center of Jane Street insider-trading allegations in Terra collapse Newly unsealed filings detail a private chat dubbed Bryces Secret that Terraforms estate says gave Jane Street an informational edge before USTs collapse.
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Non-dollar stablecoins are struggling to crack 0.5% of market share Everyone is building non-dollar stablecoins. But data shows that compared to USD-denominated stablecoins, almost no one is using them.
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Solana Real-World Assets Hit $2B as Tokenized Assets Fuel Ecosystem Growth Solanas tokenized real-world asset market expanded 43% in the first quarter, even as broader crypto markets weakened. Application revenue remained resilient, while developers pushed ahead with infrastructure upgrades to ...
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JPMorgan flashes a red flag on Kalshi, Polymarket trading Wall Street's largest bank just told its 320,000 employees to think twice before placing certain bets.
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Evernorth Highlights XRPs Actual Story Beyond JPMorgan Settlement Attention XRP gained renewed attention after Evernorth highlighted how the crypto asset facilitated a tokenized Treasury redemption across Ripple, Mastercard, J.P. Morgans Kinexys, and Ondo Finance. Ripple, Mastercard, and JPMorga...
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SpaceX warns investors that Grok's NSFW AI is risky business SpaceX listed the chance that Grok could generate "potential nonconsensual or exploitative imagery" as a risk factor in its pre-IPO paperwork.
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Analysts reset Broadcom stock price target

The Street - 20 May 2026 23:47
Analysts reset Broadcom stock price target Heres what could happen to Broadcom shares next.
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SpaceX files to go public in huge IPO deal

L.A. Times - 20 May 2026 23:40
SpaceX filed Wednesday for the an initial public offering that is expected to raise at least $75 million and would value the company at well over $1 trillion.
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Michael Burry buys beaten-down, forgotten fintech stock Michael Burry used a phrase borrowed from marine biology to describe what he is doing in this market.
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President Trump humorously admitted that First Lady Melania often outshines him during public appearances, highlighting her popularity and influence at a White House event.
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