Business news

Business news • Jul 02

OpenAI proposed donating 5% of its equity to a US sovereign wealth fund

OpenAI CEO Sam Altman has reportedly proposed giving 5% of the company's equity to a U.S. sovereign wealth fund, reviving discussions about letting the...

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Business news • Jul 02

Private Credit Can’t Stop the ‘Freak Out’

On Thursday, Blue Owl reported another quarter of significant investor withdrawal requests from some of its private credit funds.

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Business news • Jul 02

EV maker Rivian raises 2026 delivery forecast on strong demand, shares soar

Rivian Automotive ​raised its annual delivery forecast on Thursday, betting on strong demand ‌for its R1 models and electric delivery vans as well as its...

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Business news • Jul 02

Is Friday, July 3, a Federal Holiday? What to Know on Banks, Mail Delivery and More

Independence Day falls on Saturday, July 4. Many businesses will observe the holiday on Friday, July 3. Find out if the USPS, banks and stock markets are...

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Business news • Jul 02

The U.S. has accumulated a record amount of debt: the whole world may end up having to pay for it

U.S. national debt has exceeded $36 trillion and continues to grow faster than the economy. Against this backdrop, an increasing number of economists are...

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Business news • Jul 02

Conair Recalls Over One Million Cuisinart Grill Brushes Due to Ingestion Hazard

Consumers should stop using the recalled grill brushes immediately and contact Conair for a full refund or a credit for use at Cuisinart.com for a full...

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Business news • Jul 02

Microsoft unveils $2.5B ‘Frontier Company’ to embed AI engineers inside customers

"Microsoft Frontier Company" is a $2.5 billion initiative that will embed engineers inside customer organizations to build and run their AI systems.

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Business news • Jul 02

Supreme Court bars states from protecting consumers if federal agencies won’t

A case involving the potential dangers of glyphosate, the active ingredient in the weed killer Roundup, relates to broader efforts to protect consumers.

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Business news • Jul 02

Cooler June jobs report to keep Fed focused on inflation, with possibility of hikes later this year

A cooler reading on payrolls in June is likely to keep Federal Reserve officials' full attention on inflation and extend the interest rate pause,...

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Business news • Jul 02

Blue Owl hit by $4.7bn of redemption requests as investor exodus persists

Investors attempted to pull $4.7bn from two of Blue Owl Capital's flagship private credit funds in the second quarter, underscoring the group's challenges...

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Business news • Jul 02

Meta’s push into cloud computing means Wall Street has to prepare for lower margins

Meta appears poised to enter the cloud computing market in an effort to monetize its massive AI infrastructure.

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Business news • Jul 02

Palantir CEO flames AI firms live on TV: ‘I feel like I’m gonna get kicked out!’

The CEO of the data mining giant accused major AI labs of having an 'effing insane' business model that threatened their partners.

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Business news • Jul 02

Trump Weighs In On Elon Musk, Openai, Intel - And Takes Aim At The 'Hostile' Fed Board

Trump described the Federal Reserve's board as "a little bit hostile," expressing concern that they may prevent newly appointed Chairman Kevin Warsh from...

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Business news • Jul 02

July 4th 2026 holiday closures and mail schedules

With Independence Day falling on a Saturday this year, many offices and businesses will observe the holiday on Friday, July 3, giving many workers a...

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Business news • Jul 02

NBCUniversal spin marks new era of Hollywood moguls

Decades of Hollywood empire-building ended with a quake in 2017 when Australian media mogul Rupert Murdoch decided to sell much of his Fox entertainment...

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Business news • Jul 02

UBS lowers 2026-2027 oil price forecasts as Hormuz flows recover

July 2 (Reuters) - UBS on Thursday reduced its oil price forecasts for this year and next as oil flows through the Strait of Hormuz picked up,...

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Business news • Jul 02

What to know about the Giant Eagle and Kroger grocery and pharmacy merger

Kroger and Giant Eagle announced Wednesday morning that Kroger will buy Giant Eagle, with the deal set to close sometime in 2027. Whether or not Giant Eagle...

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Business news • Jul 02

Amazon has enough satellites to launch its Starlink competitor

Amazon says it now has enough satellites operating in low-Earth orbit to light up its Starlink internet competitor. With last night's launch, Amazon Leo has...

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Business news • Jul 02

South Korea's Kospi slumps 8% as investors look beyond the chip boom

South Korea's benchmark Kospi index closed nearly 8% lower on Thursday after an overnight rout in US semiconductor stocks rippled through Asia.

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Business news • Jul 02

Warsh’s throwaway comment injects life into the debasement trade, for one day at least

As much as new Fed Chair Kevin Warsh tried to refrain from steering markets, it looks like he did.

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