Business news

Business news • Jul 03

World shares are mixed after Dow hits a new record, as some AI shares bounce back

Shares are mixed in Europe after a rally in Asia following the Dow Jones Industrial Average's latest record.

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Business news • Jul 03

Heat wave causes power problems across NYC

The brutal heat wave caused power problems across New York City on Friday.

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Business news • Jul 03

Michael Burry makes a bearish bet against hot memory stock Micron: reports

The “Big Short” investor has intensified his gloom around the artificial intelligence trade with a reported fresh bearish bet on memory-chip maker Micron.

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Business news • Jul 03

US oil companies see big profit jump, gird for clash over pump prices with Trump

July 3 (Reuters) - U.S. oil companies are set to report their strongest quarterly profits in years, courting a possible clash with President Donald Trump,...

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Business news • Jul 03

Agentic AI Architecture

In this eMag, we try to establish agentic AI architecture as a new type of software architecture that will likely dominate the industry for years to come.

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Business news • Jul 03

Comcast’s CEO just kicked off what could become an M&A feeding frenzy for the ages

Brian Roberts' surprise plans to spin off NBCUniversal from Comcast have set the stage for an M&A bonanza, with bankers working overtime to concoct deals...

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Business news • Jul 03

Trump is already causing a headache for his new Fed chairman, saying the central bank's board is 'hostile' and 'doing the wrong thing'

There are a few things that could make life easier for Kevin Warsh in his first few months at the central bank, and President Trump keeping to his lane is...

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Business news • Jul 03

A top Goldman Sachs economist says AI will displace the jobs of 15 million US workers

Joseph Briggs of Goldman Sachs foresees AI displacing 15 million US jobs, but suggests new roles will emerge as adoption progresses.

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Business news • Jul 03

Samsung Is Increasing LPDDR And Commodity DRAM Prices By Over 20% In Q3 After Hiking By 90% In Q1 And 50-60% In Q2

There is no end in sight to the relentless memory 'chipflation,' with Samsung again pursuing aggressive price hikes for commodity DRAM in Q3.

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Business news • Jul 03

At 17, She Sued Meta and Google, and Won. Now She’s Ready to Tell Her Story

Kaley Glenn-Mills' lawsuit reshaped the fight to protect children from social media. She says she still can't stop scrolling.

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Business news • Jul 03

What's open and closed on July 3 and July 4? See which stores are operating.

Major retail stores will be open on Friday, although some may have modified hours on Saturday, July 4.

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Business news • Jul 03

Everything To Know About ‘Trump Accounts’ Launching July 4

The tax-advantaged investment funds for babies dubbed “Trump Accounts” by the administration will launch July 4 and eligible families can expect to see the...

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Business news • Jul 03

Oil Set for Fourth Straight Weekly Loss as Hormuz Flows Return

Oil is set for a fourth straight weekly loss as the Strait of Hormuz reopens and Saudi Arabia ramps up crude exports to Asia.

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Business news • Jul 03

Texas Stock Exchange to launch trading on Monday in test of upstart’s challenge to Wall Street

The exchange represents the most well-funded challenge to the New York Stock Exchange and NASDAQ duopoly of U.S. stock trading.

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Business news • Jul 03

SK Hynix Stock, Samsung Surge as Memory Frenzy Drives KOSPI Rebound

The KOSPI index staged a dramatic, V-shaped recovery Friday—after dropping as low as 7,300 in the morning, South Korea's benchmark ended the session up...

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Business news • Jul 03

AI Data Centers Use Far More Water Than Most Tech Giants Report

Water used at power plants that supply their electricity can be many times as great as the water used in the data centers themselves.

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Business news • Jul 03

Microsoft Disclosure Provides Rare Glimpse of Tax Haven Tactics

A compliance report released by Microsoft this week provided a rare look into how tech giants shift profits out of the countries where they have many...

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Business news • Jul 03

Unemployment dipped, but more people left the workforce: What's going on in the job market?

Look under the hood of Thursday's jobs report, and you'll find some evidence that this remains a tough — or at least weird — labor market for job-seekers.

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Business news • Jul 03

A hot summer trend in the sharing economy? Rental swimming pools

The Airbnb-style company Swimply said there have been about 275000 private pool reservations so far this year.

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Business news • Jul 03

Inside the mind of Kevin Warsh, as told by Condoleezza Rice, Jerry Yang and Donald Kohn

The first time former Secretary of State Condoleezza Rice encountered Kevin Warsh was in the 1980s. She was an associate professor of political science at...

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