Business news

Business news • Jul 01

California bans ‘sell by’ food labels

A new California law went into effect Wednesday that bans "sell by" food labels as part of a statewide effort to cut down on food waste.

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Business news • Jul 01

White House accelerates plans for AI model standards

The US government is in advanced talks with AI companies to create voluntary standards for the release of new models after intervening in the rollout of...

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Business news • Jul 01

Trump Made $1 Billion on Crypto Deals While His Fans Lost a Fortune

Roughly two-thirds of investors in the president's memecoin are currently in the red.

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Business news • Jul 01

Bending Spoons defies SaaS slump, surges 40% on first day of trading

Earlier this year, shares of traditional SaaS companies tumbled amid investor fears that software built with AI could eventually displace those businesses.

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Business news • Jul 01

After $18B IPO, Bending Spoons founder says success comes from minimizing luck

The co-founders of Bending Spoons, the Italian company quietly buying beloved, ailing Internet brands, learned big lessons from their own startup's failure.

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Business news • Jul 01

As veterinary costs climb, private equity ownership of clinics draws scrutiny

Veterinary care is becoming increasingly expensive for American pet owners. As prices rise, attention is turning to a major shift in the industry: private...

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Business news • Jul 01

'Stretched to the limit': Heat wave prompts US electrical grid emergency

The U.S. Department of Energy has declared an emergency as a heat wave bears down on a huge part of the nation's electrical grid.

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Business news • Jul 01

Asian Stocks to Decline as Traders Weigh AI, Warsh: Markets Wrap

The latest bout of volatility in technology stocks entered a second day, with chipmakers in South Korea bearing the brunt of the selling.

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Business news • Jul 01

CoreWeave, Nebius shares tumble as Meta stands to become a fresh threat in the cloud

Artificial-intelligence infrastructure providers like CoreWeave and Nebius Group may soon face stiff competition from a new kid on the block: Meta Platforms...

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Business news • Jul 01

Stock Market Today: Dow narrowly misses record close, S&P 500 and Nasdaq end lower as chip stocks fall; Fed Chair Warsh reiterates 2% inflation target; June jobs report on deck

The Dow Jones Industrial Average ended fractionally lower Wednesday, missing a record close, while the S&P 500 and Nasdaq also fell as investors await the...

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Business news • Jul 01

Hinesburg among towns dropping Fourth of July fireworks as costs double

HINESBURG, Vt. (WCAX) - Hinesburg is among Vermont towns that will not have a fireworks display this Fourth of July after the cost of putting one on became...

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Business news • Jul 01

Apple Seeks to Buy Chinese-Made Memory Chips by Lobbying US

Apple Inc. is in negotiations to purchase chips from two Chinese semiconductor makers on a Pentagon blacklist to help reduce the impact of a global memory...

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Business news • Jul 01

US Treasury picks State Street, BlackRock and Vanguard ETFs for Trump Accounts

July 1 (Reuters) - The U.S. Treasury on Wednesday ​announced the investment lineup for Trump ‌accounts, which includes ETFs from State Street, BlackRock and...

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Business news • Jul 01

Mixed US auto sales in Q2 amid high gas prices

Automakers reported mixed second-quarter US sales Wednesday, illustrating continued demand for larger vehicles as well as strength in fuel-efficient models...

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Business news • Jul 01

US car sales on cruise control despite pressures

Automakers on Wednesday reported steady second-quarter U.S. vehicle sales, despite what normally would be a bleak ​backdrop for the car business.

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Business news • Jul 01

Apple in Talks to Buy Memory Chips From Chinese Makers CXMT and YMTC

Apple is in talks to buy memory from Chinese semiconductor companies ChangXin Memory Technologies Co. (CXMT) and Yangtze Memory Technologies Co.

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Business news • Jul 01

CMA CGM to Buy FedEx Supply Chain for $1.4 Billion

France's CMA CGM, the world's third-largest container line by capacity, is acquiring FedEx Supply Chain for $1.4 billion in a deal that extends its reach...

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Business news • Jul 01

AI Bubble Burst: Meta Admits 'Excess Compute Capacity'

Meta Platforms, Inc. signals excess compute capacity—could AI capex slow next? See the outlook for AI infrastructure, semis, and the AI bubble.

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Business news • Jul 01

Why Meta’s Move to the Cloud Is a Big Deal—and Bad News for CoreWeave and Nebius

spiked following a report that the company might launch a cloud business to sell excess artificial-intelligence computing capacity—and for good reason.

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Business news • Jul 01

Meta stock soars as Zuck explores cloud business

Meta shares soared nearly 9% Wednesday on a report that the company is wading into the business of selling cloud computing services and access to AI models.

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