Business news

Business news • Jul 12

Oil jumps 4% as new military strikes threaten Hormuz shipments

Oil prices surged over 4% on Monday as energy shipments via ​the Strait of Hormuz remained under threat, with the U.S. and ‌Iran announcing renewed military...

5 0 0

Business news • Jul 12

Oil Climbs, US Futures Dip on Fresh Iran Strikes: Markets Wrap

Stocks and government bonds fell as fresh US strikes on Iran pushed up oil prices and fueled bets on Federal Reserve interest-rate hikes.

4 0 0

Business news • Jul 12

Oil prices rise 4% as U.S. and Iran fight for control of Strait of Hormuz

Oil prices rose Sunday evening after the U.S. and Iran traded strikes as they contest control of the Strait of Hormuz, one of the most important trade...

4 0 0

Business news • Jul 12

Elon Musk and Sam Altman Are Fighting in Public Again

OpenAI CEO Sam Altman and SpaceX CEO Elon Musk do not like each other. That dislike was on full display on social media over the weekend.

7 0 0

Business news • Jul 12

UAW President Fain faces DOJ probe of possible favor for fiancee

UAW president Shawn Fain is facing an investigation over claims that he mishandled bonuses at his fiancee's union-represented place of work.

5 0 0

Business news • Jul 12

Popular dog food recalled nationwide may contain sharp metal fragments, FDA says

A popular dog food has been recalled nationwide that may contain sharp fragments of metal or plastic.

5 0 0

Business news • Jul 12

Trump embraces Australian retirement system backed by Larry Fink

The system is on pace to be the world's second-largest retirement plan within the next decade.

3 0 0

Business news • Jul 12

Federal monitor says UAW head Shawn Fain abused authority; Fain denies findings

A report found that Shawn Fain retaliated against a union official, Rich Boyer, after Boyer pushed back against some of Fain's actions.

5 0 0

Business news • Jul 12

Uber’s Autonomous Vehicle Strategy: Slow Their Adoption

In at least two places, Uber has pushed a policy that could give it an advantage over developers of self-driving cars. The company says it's fighting...

5 0 0

Business news • Jul 12

3 Dividend Stocks Offering Stable Income as Interest Rates Stay Uncertain

With inflation trends splitting across regions and central banks weighing each policy move carefully, reliable income has become just as important as growth...

5 0 0

Business news • Jul 12

The overlooked obstacle keeping America from building the homes it needs

Homeownership is becoming increasingly out of reach as builders warn a shortage of skilled construction workers is raising costs and slowing the pace of new...

5 0 0

Business news • Jul 12

Claude Fable 5 stays free for paid users until July 19 as Anthropic buys more time

Anthropic has just extended access to Claude Fable 5 for paid subscribers until July 19, giving you another week to keep using the most powerful model.

3 0 0

Business news • Jul 12

Elon Musk roasts OpenAI's Apple lawsuit — but Altman hits back: 'You're the one selling investors on space datacenters'

When Apple sued OpenAI on July 10 for allegedly stealing its hardware secrets, it handed Elon Musk a fresh reason to go after Sam Altman — and this time the...

3 0 0

Business news • Jul 12

Meta withdraws its controversial AI image feature

Called "Muse Image," this proposed tool would have allowed users to use public-facing Instagram photos as references for generative AI.

5 0 0

Business news • Jul 12

Traders Grapple With World That’s Good for Dollar, Bad for Bonds

What's good for the US dollar isn't always good for US bonds — but investors are finding ways to work around it.

4 0 0

Business news • Jul 12

Delta Air Lines CEO issues stark warning for low-cost rivals

Delta CEO Ed Bastian says budget airlines need fares to rise 5% just to break even, warning that the low-cost playbook no longer works.

5 0 0

Business news • Jul 12

Signs of life?: State of Crypto

Several sources told CoinDesk that a new draft of the Clarity Act may drop this week, but challenges remain.

5 0 0

Business news • Jul 12

SK Hynix (KOSE:A000660) Completes $26.5 Billion Nasdaq Listing For U.S. Investors

SK hynix has completed a US$26.5b Nasdaq listing, the largest ever U.S. debut by a foreign company. The offering significantly broadens access for global...

5 0 0

Business news • Jul 12

Southern California company wants to bring daylight to dark parts of Earth

A Southern California company just received approval to test a space mirror that would reflect sunlight to dark parts of planet Earth.

5 0 0

Business news • Jul 12

Misery for California shoppers as grocery bills set to spike due to new law

California shoppers could soon be paying even more at the checkout line as a sweeping new state recycling measure threatens to send grocery prices soaring.

5 0 0