Business news

Business news • Jul 07

Fiat’s Next Move in America: Tiny, Cute, Electric and $14,000

The two-seat Topolino is aimed at traveling in resorts and neighborhoods, and one version uses ropes instead of doors.

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Business news • Jul 07

SpaceX’s two lead underwriters have a $1 trillion chasm between their valuations as IPO quiet period ends

The two lead underwriters on SpaceX's initial public offering, Goldman Sachs and Morgan Stanley, have a valuation gap of more than $1 trillion as they both...

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Business news • Jul 07

"We simply spread ourselves too thin" – Xbox's Asha Sharma on firm's restructuring plans

Xbox CEO Asha Sharma has shared additional details on the restructuring announced yesterday, which will result in 3,200 layoffs.

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Business news • Jul 07

I opened a Trump Account for my child with a $1,000 government contribution

I had my daughter in January 2026, so she is eligible for a Trump Account with $1000 in it. I had to fill out a 4547 form to get started.

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Business news • Jul 07

Walmart is slashing prices on beef and soda. Trump is taking credit

Walmart $WMT announced price rollbacks on beef, soda, produce, and other summer items this week, as President Donald Trump claimed the cuts came at his...

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Business news • Jul 07

Report: Roughly half of the id Software team have been laid off

The news comes with Xbox preparing to 'reset' its video game division by eliminating 3200 roles.

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Business news • Jul 07

Amazon Fuels AI Debt Boom With Bond Sale of at Least $25 Billion

When Amazon.com Inc. sold its biggest ever bond earlier this year, it was inundated with investor orders amid hype about the artificial intelligence boom.

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Business news • Jul 07

PECO strike ends as union and utility announce deal

IBEW Local 614 is celebrating a deal that offers pensions to recent hires and boosts health care coverage. Union members will now vote on whether to ratify...

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Business news • Jul 07

Trump Eyes Australia-Style Retirement Account. Here's What It Would Mean for a Worker Whose Whole Plan Is Social Security.

Trump announced on July 6, 2026, that his administration is considering Australia-style employer-funded retirement accounts, but no legislation exists yet.

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Business news • Jul 07

Exclusive-Beijing is looking at curbing overseas access to China's top AI models, sources say

Chinese authorities have held meetings with top tech firms over the past month about potentially restricting overseas access to China's most advanced AI...

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Business news • Jul 07

Louis Vuitton court victory against Chinese tea chain stirs up a debate over copyrights

A debate over use of traditional Chinese symbols has cropped up after a court ordered a Chinese tea chain to pay the French luxury brand Louis Vuitton $1.5...

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Business news • Jul 07

Four states seeking $1.4 trillion in penalties in child social media addiction trial, Meta says

Four states are seeking $1.4 trillion in penalties from Meta over claims that the social media giant designed Facebook and Instagram to be addictive to...

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Business news • Jul 07

U.S. Stocks Move Sharply | Samsung Triggers the 'Sell on Good News' Pattern; Major U.S. Memory Chipmakers Slump in After-Hours Trading, with Micron Technology and SanDisk Down Over 6%

Gelonghui,July 7 | U.S. memory-related stocks collectively declined in the current after-hours trading session, dragged down by sharp drops in Samsung...

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Business news • Jul 07

Asian markets retreat after rebounding AI stocks send the S&P 500 to brink of a new record

Asian shares have retreated despite a rebound for AI stocks that lifted stocks on Wall Street. The Kospi in South Korea plunged nearly 8% and Tokyo's Nikkei...

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Business news • Jul 07

Chinese AI models are gaining ground with U.S. companies as OpenAI, Anthropic costs surge

Recent model releases from Chinese companies including DeepSeek and Z.ai are seen by many as highly competitive compared to leading U.S. frontier systems.

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Business news • Jul 07

Samsung Results Trigger Stock Rotation to Less Loved Sectors

Asian tech stocks slumped, as investors used Samsung Electronics Co.'s results to lock in profits on a stellar year-to-date chip rally, rotating into...

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Business news • Jul 07

Samsung profits jump 1,800% as AI chip sales soar

The firm's shares fell sharply on Tuesday as some investors had expected an even stronger performance.

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Business news • Jul 07

Seoul dives on mixed day in Asia as Samsung fails to ease tech woes

Seoul once again led losses on a mixed day in Asian stocks Tuesday as chip giant Samsung tumbled despite an eye-watering rise in profit, stoking fears that...

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Business news • Jul 07

MU, SNDK, DRAM Dip Overnight As Memory Stocks Feel Weight Of Samsung’s Post-Earnings Selloff

MU and SNDK stocks dropped around 4.5% in overnight trading late Monday. Samsung said its Q2 operating profit would increase 19-fold year over year to 89.4...

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Business news • Jul 07

In-N-Out unveils 6 new locations across 5 states. See where

In-N-Out Burger is expanding again, with six stores slated to open in five states. The iconic fast food company has grown beyond its California roots in...

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