Business news

Business news • Jul 05

7 OPEC+ countries agree to expand monthly oil production modestly as prices slide

A handful of countries in the OPEC+ oil-producing alliance are planning to increase their outputs modestly next month.

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Business news • Jul 05

A global hub for fake luxury goods, Vietnam tries to clean up its black market

The Trump administration wants Vietnam to stamp out its booming counterfeit industry. Locals are divided.

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Business news • Jul 05

Delta pilot reports a close encounter with a July Fourth firework before landing in Chicago

A Delta Air Lines flight and a high-flying firework reportedly came into contact in the sky above Chicago as the city celebrated the Fourth of July holiday.

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Business news • Jul 05

Uber’s European expansion plans may have hit a speed bump

Back in February, Uber announced ambitious plans to launch in seven new European markets in 2026 — but now five of those launches are reportedly on hold.

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Business news • Jul 05

Retiree in Newark Spends $150 a Week on Groceries: Food Budget

This as-told-to essay is based on a conversation with John Goldstein, a 75-year-old retiree in Newark, New Jersey. The interview has been edited for length...

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Business news • Jul 05

National wireless carrier shuts down after Chapter 11

The service was built to compete with major U.S. carriers and promised lifetime pricing before ending after Chapter 11.

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Business news • Jul 05

BMW North America CEO touts ‘long game’ in US as $1.7B South Carolina EV expansion takes shape

BMW North America CEO Sebastian Mackensen said the company is in the U.S. "for the long game" as its South Carolina manufacturing footprint expands.

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Business news • Jul 05

The Consumer Financial Protection Bureau’s curious resurgence

A newly nominated director and a flurry of recent actions have some concerned that the administration is weaponizing the agency.

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Business news • Jul 05

The stock market is about to suffer a ‘snapback’ and will lose much of this year’s gains as ‘speculation is hitting extreme levels,’ BofA warns

The S&P 500 just notched its best quarter since 2020 and is up about 9% so far this year, but it's mostly downhill from here, according to Bank of America.

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Business news • Jul 05

Stock market outlook: S&P 500 to lose much of 2026 gains as 'speculation is hitting extreme levels'

The S&P 500 just notched its best quarter since 2020 and is up about 9% so far this year, but it's mostly downhill from here, according to Bank of America.

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Business news • Jul 05

Forget Wall Street. Elite Students Are Spending Their Summers on Startup Dreams.

As AI disrupts traditional career paths, these college students are skipping corporate internships for San Francisco hacker houses and incubators.

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Business news • Jul 05

The Supertanker Tycoon Making Millions on Hormuz Shuttle Runs

Just a few weeks into the war, one of the Persian Gulf's top oil producers quietly began sneaking its crude out of the Strait of Hormuz.

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Business news • Jul 05

Girl shopping for clearance plants with $20 is recognized, and store workers give them to her free

At Tractor Supply, a young plant enthusiast tried to see how many clearance plants she could rescue with just $20, but the trip ended with employees giving...

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Business news • Jul 05

Felt a ‘big bang’: Firework strikes Delta flight landing in Chicago

The aircraft landed safely and taxied to the gate, the airline said, adding that the incident is under review.

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Business news • Jul 05

'Definitely felt a big bang': Delta plane hit by firework while landing in Chicago

A Delta Air Lines plane carrying 52 passengers and six crew members was hit by fireworks as it prepared to land at a Chicago airport on Saturday night.

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Business news • Jul 05

Microsoft and LinkedIn Just Analyzed the Future of Work and AI. It All Points to One Key Skillset

As AI automates technical work, the leaders who win will be those who build human connection through empathy, trust, and EQ.

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Business news • Jul 05

EasyJet Agrees to Castlelake’s £5.2 Billion Takeover Offer

EasyJet Plc agreed in principle to a takeover offer of more than £5 billion from Castlelake LP, which swooped in as the UK budget carrier was reeling from...

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Business news • Jul 05

Meta allowed ads promoting child sexual abuse in India

As per BBC: “The ads, seen by the BBC World Service, use terms including 'rape video' and 'child video' and link users to channels on the messaging app...

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Business news • Jul 05

SK Hynix seeks access to AI investors in $29 billion U.S. listing

This week's $29 billion US stock-market listing for SK Hynix Inc. may be the biggest-ever first-time share sale by a foreign company, but it isn't just...

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Business news • Jul 05

Investment firm cofounder sues after being fired for neglecting the in-person work mandate he signed

The debate between workers and management over remote work saw an unusual twist when the cofounder of an $8 billion asset management firm was terminated for...

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