Business news

Business news • Aug 06

U.S. Stocks Down on Hormuz Deal Doubts

The Dow Jones Industrial Average fell 464.02 points, or 0.85%, to 53885.10. The broad S&P 500 lost 13.59 points, or 0.18%, to 7709.96 and the tech-heavy...

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Business news • Aug 06

Virginia Gov. Spanberger takes unprecedented step to intervene in $67B Dominion-NextEra merger

Virginia Gov. Abigail Spanberger is stepping directly into the regulatory fight over the proposed $67 billion sale of Dominion Energy to Florida-based...

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Business news • Aug 06

SpaceX stock climbs as shares available for trading more than double

SpaceX stock rose in heavy trading on Thursday, as ​the number of shares available for public trading more than doubled following the expiry of the first of...

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Business news • Aug 06

Michigan lifts lettuce warning as state’s cyclosporiasis cases fall

The state health department said that residents can return to their usual salad routines, including buying bagged salads, but should still avoid recalled...

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Business news • Aug 06

Nielsen to Acquire DoubleVerify, Creating a Leading, Independent Media Intelligence Platform

DoubleVerify Shareholders to Receive $13.60 Per Share in Cash, Representing a 30% Premium to the 60-trading day VWAP. Combination of Nielsen and...

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Business news • Aug 06

The Trade Desk Stock Craters on Q2 Earnings — Here's Why

Here's a detailed look inside The Trade Desk's Q2 earnings report.

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Business news • Aug 06

SpaceX Stock Rises. Millions of Shares Unlock Today—Brace For More Volatility.

A huge lump of SpaceX stock unlocked, which will likely create even more volatility for shares of Elon Musk's rocket and AI company.

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Business news • Aug 06

Here's the income needed to afford the typical American home

Housing affordability remains strained as the income needed to buy a typical U.S. home is $109756, according to Redfin. That's still $22197 above the...

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Business news • Aug 06

The Salmonella Outbreak Linked to Jalapeños Has Spread to 27 States — Here’s What Food Safety Experts Say

A Salmonella outbreak tied to recalled jalapeños has sickened 345 people across 27 states. You may not think of peppers as a source of Salmonella,...

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Business news • Aug 06

SpaceX Bought $295 Million Worth Of Tesla Megapacks In Q2

SpaceX and Tesla said they will build their massive semiconductor plant, dubbed Terafab, in Grimes County Texas. SpaceX stock was up, Tesla dipped.

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Business news • Aug 06

Chinese Robot Maker To IPO At $9 Billion Valuation. How It Compares To Tesla's Optimus.

One of China's premiere robotics firm is preparing to take a major step. Humanoid robot developer Unitree announced it will price its upcoming IPO at $22.34...

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Business news • Aug 06

Data Centers Are Not the Problem. Bad Policy Is.

America's newest villain is a windowless, humming, usually beige building that's now being targeted by moratoria across the country, including at the...

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Business news • Aug 06

SpaceX to Build Natural Gas Power Plants for Texas Chip Factory

SpaceX plans to build its own power plants to support the massive semiconductor manufacturing facility it's developing in Texas with Tesla Inc.

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Business news • Aug 06

The July jobs numbers are due out Friday. Here's what to expect

The Bureau of Labor Statistics releases its nonfarm payrolls report for July, with Wall Street expecting a gain of 83,000 and the unemployment rate to hold...

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Business news • Aug 06

Salmonella outbreak linked to jalapeños at Chipotle, Qdoba expands to 27 states

Federal health officials are investigating a salmonella outbreak tied to jalapeños that has sickened 345 people in 27 states, the Centers for Disease...

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Business news • Aug 06

The FCC Just Shredded Local TV Station Ownership Rules, Despite Questionable Legality

The FCC has been threatening to rip up local TV station ownership rules and now it's gone and done it, according to a report by Deadline. In a 2-1 vote,...

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Business news • Aug 06

The Race to Come Up With the Next Big Sleep Drug

FDA approves first drug to treat a root cause of narcolepsy, which could help other sleep conditions as well.

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Business news • Aug 06

Mortgage rates hit highest level in over a year

Mortgage rates rose this week, according to data from Freddie Mac released Thursday. The average rate on the 30-year fixed mortgage is 6.69%, up from 6.66%...

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Business news • Aug 06

US customs officers in Indianapolis seize counterfeit watches from Hong Kong

INDIANAPOLIS — Officers with U.S. Customs and Border Protection at the Indianapolis International Airport have seized nearly 100 counterfeit watches shipped...

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Business news • Aug 06

Ford needs another Taurus, and the $30K Fathom EV pickup isn’t it

Few automotive companies are as dependent on breakout hits as Ford. It's almost as though it's baked into the company's DNA: From the Model T and the Taurus...

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