Business news

Business news • Jul 07

Behind Xbox’s Big Layoffs, a Streaming Strategy That Failed

Microsoft Corp.'s Xbox spent nearly $80 billion in the last decade on deals that would give it popular video game titles like Call of Duty and Skyrim,...

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Business news • Jul 07

SK Hynix US Listing Said to Be Multiple Times Oversubscribed

SK Hynix Inc.'s $28 billion US listing is multiple times oversubscribed ahead of pricing on Thursday, according to people familiar with the matter.

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Business news • Jul 07

SpaceX’s Biggest Bull Sees Valuation Soaring Above $10 Trillion

SpaceX has no shortage of fans on Wall Street, but one analyst stands out among the rest as by far the most bullish: Raymond James' Brian Gesuale.

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Business news • Jul 07

The Tiny Electric Fiat Topolino Is Now Officially on Sale in the U.S. and Is Incredibly Affordable

The Topolino is less than 100 inches long, has only 8 horsepower, and can travel 46 miles on a charge at a top speed of 25 mph.

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Business news • Jul 07

Stellantis to sell small Fiat Topolino EV for $13,995 in U.S.

While the Topolino resembles a small car such as the Fiat 500, the EV is actually a quadricycle that functions more like a golf cart.

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Business news • Jul 07

Taco Bell won't serve certain items amid cyclosporaisis outbreak

Taco Bell is taking action to help eliminate the spread of cyclosporaisis, which health officials say can cause "explosive diarrhea." | WWJ Newsradio 950.

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Business news • Jul 07

Fiat’s Next Move in America: Tiny, Cute, Electric and $14,000

The two-seat Topolino is aimed at traveling in resorts and neighborhoods, and one version uses ropes instead of doors.

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Business news • Jul 07

SpaceX’s two lead underwriters have a $1 trillion chasm between their valuations as IPO quiet period ends

The two lead underwriters on SpaceX's initial public offering, Goldman Sachs and Morgan Stanley, have a valuation gap of more than $1 trillion as they both...

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Business news • Jul 07

"We simply spread ourselves too thin" – Xbox's Asha Sharma on firm's restructuring plans

Xbox CEO Asha Sharma has shared additional details on the restructuring announced yesterday, which will result in 3,200 layoffs.

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Business news • Jul 07

I opened a Trump Account for my child with a $1,000 government contribution

I had my daughter in January 2026, so she is eligible for a Trump Account with $1000 in it. I had to fill out a 4547 form to get started.

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Business news • Jul 07

Zuckerberg Admits That AI Is Not Working Out the Way He Imagined

Meta CEO Mark Zuckerberg admitted during a town hall on Thursday that AI agents in particular weren't progressing as fast as he wanted.

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Business news • Jul 07

Walmart is slashing prices on beef and soda. Trump is taking credit

Walmart $WMT announced price rollbacks on beef, soda, produce, and other summer items this week, as President Donald Trump claimed the cuts came at his...

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Business news • Jul 07

Report: Roughly half of the id Software team have been laid off

The news comes with Xbox preparing to 'reset' its video game division by eliminating 3200 roles.

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Business news • Jul 07

Why Index Funds Haven’t Boosted SpaceX

Some market watchers are puzzled that shares in Elon Musk's rocket and A.I. company have stalled out despite major interest from Wall Street.

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Business news • Jul 07

Amazon Fuels AI Debt Boom With Bond Sale of at Least $25 Billion

When Amazon.com Inc. sold its biggest ever bond earlier this year, it was inundated with investor orders amid hype about the artificial intelligence boom.

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Business news • Jul 07

SpaceX Joined the Nasdaq 100 Index Today—Here’s Why That Matters to Stock Investors

Shares of SpaceX haven't sustained their post-IPO highs. But backers see the stock's inclusion in high profile indexes as giving them a lift,...

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Business news • Jul 07

Woman who sued Meta and Google can't stop scrolling // Photos of Hollywood's 'bright young things'

Good morning. It's Tuesday, July 7. Woman who sued Meta and Google can't stop scrolling. Philosophers are suddenly in demand in Silicon Valley. And.

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Business news • Jul 07

PECO strike ends as union and utility announce deal

IBEW Local 614 is celebrating a deal that offers pensions to recent hires and boosts health care coverage. Union members will now vote on whether to ratify...

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Business news • Jul 07

Trump Eyes Australia-Style Retirement Account. Here's What It Would Mean for a Worker Whose Whole Plan Is Social Security.

Trump announced on July 6, 2026, that his administration is considering Australia-style employer-funded retirement accounts, but no legislation exists yet.

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Business news • Jul 07

Exclusive-Beijing is looking at curbing overseas access to China's top AI models, sources say

Chinese authorities have held meetings with top tech firms over the past month about potentially restricting overseas access to China's most advanced AI...

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