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Top 867 business News Today

#1
State Farm in crisis mode as watchdog threatens biggest ever penalty over wildfires
#1 out of 8670.00%
business1d ago

State Farm in crisis mode as watchdog threatens biggest ever penalty over wildfires

https://nypost.com/2026/05/04/real-estate/state-farm-in-crisis-mode-as-watchdog-threatens-biggest-ever-penalty-over-wildfires/https://www.ksat.com/news/2026/05/04/california-says-state-farm-violated-the-law-in-handling-of-insurance-claims-after-2025-la-wildfires/https://www.clickondetroit.com/news/2026/05/04/california-seeks-millions-of-dollars-from-state-farm-for-handling-of-claims-after-2025-la-wildfires/
Nypost.com and 11 more
  • Regulators may suspend State Farm’s license for a year and bar new policies during a suspension, as part of penalties for willful violations.
  • The department is pursuing a cease-and-desist order to stop the insurer from unfair or deceptive practices and could suspend its certificate of authority for up to a year.
  • Investigators found hundreds of violations across a sample of 220 claims, including underpayment and delayed processing of wildfire-related losses.
Vote 36
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#2
Coinbase is laying off 14% of staff, citing AI. Read the letter from its CEO.
#2 out of 86721.3K est. views5.00%
business17h ago

Coinbase is laying off 14% of staff, citing AI. Read the letter from its CEO.

https://mrf.lu/VrRphttps://www.coindesk.com/business/2026/05/05/coinbase-cuts-14-of-staff-as-ai-reshapes-how-crypto-companies-operatehttps://www.businessinsider.com/coinbase-layoffs-ai-brian-armstrong-job-cuts-letter-2026-5
Mrf.lu and 9 more
  • Coinbase cuts about 700 jobs, or 14% of its workforce, to reduce costs and prepare for an AI-driven era.
  • Armstrong says the layoff move will flatten leadership to five layers or fewer, boosting speed and efficiency.
  • Coinbase will use AI-native pods and 'player-coaches' to keep productivity high with fewer traditional managers.
Vote 22
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#3
Paramount Projects ‘Significantly’ Lower Theatrical Revenue Overall in 2026 Despite More Titles; CEO David Ellison Reiterates Plan for 30-Film Annual Slate With Warner Bros.
#3 out of 8670.00%
business1d ago

Paramount Projects ‘Significantly’ Lower Theatrical Revenue Overall in 2026 Despite More Titles; CEO David Ellison Reiterates Plan for 30-Film Annual Slate With Warner Bros.

https://variety.com/2026/film/news/paramount-theatrical-revenue-2026-david-ellison-30-films-warner-bros-1236737048/https://www.tradingview.com/news/tradingview:04c15523fb539:0-paramount-skydance-corp-1q-2026-revenue-7-35b-eps-0-15-10-q-summary/https://www.cnbc.com/2026/05/04/paramount-skydance-psky-earnings-q1-2026.html
Variety.com and 5 more
  • New contract awards in Q1 FY2026 totaled $4.0 billion, leaving total backlog at $54.0 billion as of March 31, 2026.
  • Operating income: $155 million in Q1 FY2026 (operating margin 5.0%).
  • Shipbuilding throughput improved with meaningful year-over-year growth driven by Newport News, Ingalls Shipbuilding and Mission Technologies.
Vote 23
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#4
Greg Brockman says his stake in OpenAI is worth nearly $30 billion
#4 out of 86711.2K est. views0.00%
technology1d ago

Greg Brockman says his stake in OpenAI is worth nearly $30 billion

https://mrf.lu/Vjmxhttps://wtop.com/business-finance/2026/05/openai-president-discloses-his-stake-in-the-company-is-worth-30b/https://www.wired.com/story/greg-brockman-testifies-musk-v-altman-trial/
Mrf.lu and 8 more
  • OpenAI’s leadership faced questions about the nonprofit origins and for-profit shift as Brockman sits for testimony in Musk's lawsuit.
  • Musk argues that OpenAI's founders enriched insiders by converting the company to for-profit, deceiving him about its true purpose.
  • The diary Brockman kept during OpenAI's founding years is a focal point, with excerpts cited by Musk's team and defended by OpenAI as taken out of context.
Vote 22
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#5
Quantum Space Names Former NASA Administrator Jim Bridenstine as Chief Executive Officer
#5 out of 8675.00%
business17h ago

Quantum Space Names Former NASA Administrator Jim Bridenstine as Chief Executive Officer

https://www.prnewswire.com/news-releases/quantum-space-names-former-nasa-administrator-jim-bridenstine-as-chief-executive-officer-302762018.htmlhttps://payloadspace.com/bridenstine-takes-over-as-quantum-space-ceo/https://www.space.com/space-exploration/satellites/former-nasa-chief-jim-bridenstine-takes-over-as-ceo-of-quantum-space
Prnewswire.com and 4 more
  • Quantum Space appoints ex-NASA chief Bridenstine as CEO to drive Ranger milestones and strengthen national security space links.
  • Ranger’s first flight aims for Q2 2027 as the program aligns with DARPA and Space Force efforts on sustained cislunar maneuverability.
  • Bridenstine’s Artemis Group background is cited as a lever to shape Quantum Space’s partnerships and policymaking with government.
Vote 11
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#6
Mark Zuckerberg ‘Personally Authorized and Actively Encouraged’ Meta’s Massive Copyright Infringement to Train AI Systems, Publishers and Scott Turow Allege in Lawsuit
#6 out of 8678.73%
technology14h ago

Mark Zuckerberg ‘Personally Authorized and Actively Encouraged’ Meta’s Massive Copyright Infringement to Train AI Systems, Publishers and Scott Turow Allege in Lawsuit

https://variety.com/2026/digital/news/meta-ai-mark-zuckerberg-copyright-infringement-lawsuit-publishers-scott-turow-1236738383/https://www.theguardian.com/technology/2026/may/05/publishers-sue-meta-copyright-aihttps://www.cnet.com/tech/services-and-software/academic-publishers-mcgraw-hill-macmillan-meta-copyright-ai-lawsuit-news/
Variety.com and 4 more
  • Publishers and Scott Turow filed a class action in New York, accusing Meta of illegally using books to train Llama without permission.
  • The suit says Meta removed copyright notices from training material and Zuckerberg approved using copyrighted works for Llama.
  • Meta argues that training AI on copyrighted material can be fair use, framing the dispute as a broader licensing versus fair-use debate.
Vote 7
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#7
The SEC just took a big step toward letting companies report earnings twice a year
#7 out of 8674.17%
business13h ago

The SEC just took a big step toward letting companies report earnings twice a year

https://www.businessinsider.com/sec-proposes-semiannual-earnings-reporting-requirement-2026-5https://finance.yahoo.com/news/us-sec-proposes-allowing-public-160620575.htmlhttps://www.nbcnews.com/business/business-news/trump-sec-quarterly-earnings-twice-a-year-rcna343683
Businessinsider.com and 4 more
  • The plan would still require a full annual report, ensuring annual disclosure remains intact while reducing quarterly burdens.
  • Index providers may need to adjust benchmarks to reflect the new semiannual data cadence, affecting market tools and analysis.
  • Europe's partial use of semiannual reporting informs the U.S. reform debate and shows a precedent for fewer filings.
Vote 6
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#8
Who is Shivon Zilis? Meet the Elon Musk exec who's set to testify on his behalf
#8 out of 867567.4K est. views3.85%
technology11h ago

Who is Shivon Zilis? Meet the Elon Musk exec who's set to testify on his behalf

https://www.businessinsider.com/shivon-zilis-reported-mother-elon-musk-twins-2022-7
Businessinsider.com
  • Shivon Zilis is expected to testify this week in the Musk v. Altman civil trial in Oakland.
  • Zilis serves as the director of operations and special projects at Neuralink and is a plaintiff in the case.
  • Her career spans roles at OpenAI, Tesla, and xAI, shaping Musk's AI strategy.
  • Zilis has a high-level role at Neuralink and has spoken about AI’s transformative potential.
  • The trial centers on Musk's claim that Altman took his OpenAI investment and misrepresented promises.
  • The judge declined to live-stream the testimony despite safety concerns.
  • Zilis has a background in AI and data, with Forbes recognizing her in 2015.
  • Zilis has four children with Elon Musk and was involved in name-change discussions for the twins.
  • Zilis has lived in Austin and worked across Musk's ventures in AI and hardware development.
  • Zilis is cited as a witness with close access to events at OpenAI and Musk's other companies.
Vote 6
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#9
Airbnb Contacts This Guest Telling Her To Leave Immediately, The Host Tells Her To Ignore Airbnb’s Messages
#9 out of 86734.8K est. views5.04%
business17h ago

Airbnb Contacts This Guest Telling Her To Leave Immediately, The Host Tells Her To Ignore Airbnb’s Messages

https://www.boredpanda.com/airbnb-check-out-tiktok/
Boredpanda.com
  • Airbnb directed a guest to check out immediately, prompting swift departure from the rental.
  • The host advised the guest to ignore Airbnb messages, adding confusion to the situation.
  • Casper, a 25-year-old from New York, was staying in the Philly area during a haunted-house-focused trip.
  • Airbnb refunded Casper and provided a hotel stay as part of resolving the issue.
  • The incident prompted discussion about hidden cameras and safety concerns on Airbnb.
  • Casper described the moment as frightening, imagining a real-life disappearance scenario.
  • The host allegedly violated Airbnb policies, leading to the platform's involvement.
  • Casper and her partner left the property after receiving conflicting instructions.
  • The story has circulated widely on TikTok and social media, drawing varied reactions.
  • Airbnb reported that it refunded Casper and assisted with local hotel arrangements, and provided a refund.
Vote 6
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#10
UnitedHealth to remove annoying barrier for slew of medical procedures
#10 out of 8674.23%
health13h ago

UnitedHealth to remove annoying barrier for slew of medical procedures

https://nypost.com/2026/05/05/business/unitedhealth-to-remove-annoying-barrier-for-slew-of-medical-procedures/https://www.cbsnews.com/news/unitedhealthcare-cuts-30-percent-prior-authorization-requirements/
Nypost.com and 1 more
  • UnitedHealthcare plans to eliminate prior authorization for about 30% of previously required services, speeding access to care by reducing red tape.
  • The initiative targets common procedures, including select outpatient surgeries, some diagnostic tests, and certain outpatient therapies.
  • By end-2026, UnitedHealthcare will implement these changes across its plans, signaling a broader push to streamline approvals.
  • The company maintains that prior authorization is vital yet should be used only when it genuinely protects patients and improves care.
  • The reform effort reflects ongoing industry pressure to balance cost containment with timely patient access.
  • A prior authorization 'gold card' program had previously lifted some approval requirements for certain provider groups.
  • About 11% of pre-authorizations have been cut since a joint reform effort began in 2025, signaling steady downward momentum.
  • On average, about 92% of authorizations are approved within 24 hours, highlighting efficiency gains alongside policy changes.
  • The broader context includes healthcare cost debates and efforts to improve access within Medicare, Medicaid, and employer plans.
  • Industry groups note mixed impact on actual care access as these changes roll out across insurers and plans.
Vote 1
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