Business news

Business news • Jul 08

Levi Strauss Raises Fiscal-Year Guidance Again as Expanded Offerings, DTC Shift Pay Off

The apparel company now expects revenue growth of 7% to 7.5%, compared with its prior guidance of 5.5% to 6.5%

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Business news • Jul 08

What We Know About ‘Freedom Fuel’ Gas Stations

The White House announced the first location of the “Freedom Fuel Network”—a private company running 25 gas stations in New Jersey and Pennsylvania—though...

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Business news • Jul 08

Meta plans billions for first AI data center in Canada, largest outside the US

Facebook and Instagram parent Meta said Wednesday it will invest more than 13 billion Canadian dollars ($9.1 billion) to build its first artificial...

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Business news • Jul 08

SK Hynix US Offering Is More Than Seven Times Oversubscribed

SK Hynix Inc.'s US listing is more than seven times oversubscribed, according to people familiar with the matter, as the South Korean memory chipmaker...

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Business news • Jul 08

Oil Gains, US Stock Futures Drop on New Strikes: Markets Wrap

Asian shares climbed, led by chipmakers, as optimism over AI-driven demand rekindled appetite for semiconductor stocks. Oil extended gains after the US...

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Business news • Jul 08

Jack Dorsey’s Block To Pay $45 Million Fine As States Step In For Withering CFPB

The Trump Administration has gutted the CFPB, but states like Texas, Oregon and New York are targeting payments firms and filling in enforcement gaps.

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Business news • Jul 08

Deere settles lawsuit by US FTC, states over equipment repair restrictions

Deere agreed on Wednesday to settle a lawsuit by the Federal Trade Commission and five U.S. states accusing the farm equipment maker of illegally ​requiring...

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Business news • Jul 08

Sun Valley’s ‘summer camp for billionaires’ is offering knitting classes this year — here’s why we shouldn’t be surprised

The schedule of activities is circulating at this year's “summer camp for billionaires” in Sun Valley, Idaho – and “knitting” is on the agenda,...

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Business news • Jul 08

Following SpaceX’s IPO, Jeff Bezos Breaks a 25-Year Streak at Rival Blue Origin

Jeff Bezos founded his rocket company in 2000. After more than two decades, he's making a massive change to its structure.

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Business news • Jul 08

Taco Bell Locations Stop Serving Lettuce and Guacamole amid ‘Explosive’ Diarrhea Parasite Outbreak: Report

Some Taco Bell locations have reportedly stopped serving lettuce, pico de gallo, guacamole and cilantro onion amid an outbreak of cyclosporiasis.

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Business news • Jul 08

Fed policymakers' inflation worries weighed on rate cut outlook at Warsh's first meeting

Federal Reserve FOMC minutes reveal growing inflation concerns and scenarios for rate cuts or rate hikes depending on tariffs, AI demand and the Middle East...

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Business news • Jul 08

Scoop: SpaceXAI launches new model, Grok 4.5

Elon Musk's SpaceXAI is launching Grok 4.5, its smartest model yet, and its first release since going public and acquiring the AI coding startup Cursor.

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Business news • Jul 08

Costco quietly discontinues award-winning Kirkland item fans call 'one of the best' in the market

Costco is discontinuing Kirkland Signature Helles Lager and Vintage Ale following the end of its partnership with Deschutes Brewery, according to industry...

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Business news • Jul 08

Kevin Warsh buried an unusual, unhedged promise in his first Fed minutes—and one economist says it's the strongest signal in the document

A former Fed economist says one unhedged sentence in Warsh's shortest-ever statement reveals more than the "family fight" minutes themselves.

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Business news • Jul 08

Some Bay Area homes are selling $1M above asking amid AI boom

San Francisco housing market sees 44 luxury homes sell $1 million or more above asking price in June as the AI boom fuels a fierce bidding war in the Bay...

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Business news • Jul 08

What Is SpaceX Really Worth? Wall Street Disagrees on Elon Musk’s Huge Valuation.

Analysts prefer a sum-of-the-parts approach to determining the value of Elon Musk's rocket and AI company, SpaceX.

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Business news • Jul 08

Meta is expanding its data center build-out to Canada

Meta says it will build its first data center in Canada.

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Business news • Jul 08

Meta AI now lets people make deepfakes from public Instagram photos without explicit consent

Meta's new Muse AI can generate realistic images based on public Instagram images, including images of many celebrities and public figures.

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Business news • Jul 08

Zuckerberg Rips Damages Sought In Social Media Lawsuit By California, Others

Meta has trashed the $1.4 trillion In damages that California and other states want from the social media platform in their safety lawsuit.

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Business news • Jul 08

Jeff Bezos' Blue Origin is raising external funding for the first time. Read the CEO's email to staff.

Jeff Bezos' Blue Origin is raising $10 billion as the rocket startup aims to catch up with Elon Musk's SpaceX. In a memo sent to employees on Wednesday and...

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