Business news

Business news • Aug 01

Historic LA shop's arrival sparks Bay Area doughnut war

The iconic Randy's Donut's of LA has opened its first Bay Area location across the street from Stan's Donuts, a neighborhood institution.

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Business news • Aug 01

A Private Surveillance Network Built on Tow Trucks Has Scanned 9 Billion License Plates. California Courts Just Said That's Fine

Somewhere in California right now, a tow truck is rolling down a residential street, and a camera bolted to its bumper is quietly photographing every...

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Business news • Aug 01

Rising Gas Prices Hit Americans Again But This Time It’s Different

When fuel costs jumped earlier in the Iran war, US consumers powered through it — with a hefty assist from federal tax refunds. Now they're getting hit by...

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Business news • Aug 01

Bessent and the Fed Help Japan Reverse Months of Yen Losses

The US joined Japan in engineering one of the most notable rebounds in the yen since the currency began its years-long slide, a decline that's stoked...

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Business news • Aug 01

BYD July sales jump 21.8% as overseas deliveries hit fresh record

BYD (HKEX: 1211) saw its sales growth accelerate markedly in July, as strong overseas demand pulled the Chinese new energy vehicle (NEV) maker out of the...

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Business news • Aug 01

Prediction: SpaceX Stock Is About to Sink Even More After Plunging Over 40%

Expect more volatility from this whipsawing IPO stock.

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Business news • Aug 01

Chart of the Week: Warsh spooks long bonds

The yield curve steepening is unusual for a Fed hold.

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Business news • Aug 01

The OpenAI and Anthropic AI Hacking Sprees Are a Messy New Legal Frontier

Both major AI labs' models broke containment, escaped onto the internet, and hacked other companies. If a human had done that, the law would likely be...

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Business news • Aug 01

New Fed chair doesn’t want you to know what he’s thinking. Here’s why.

While the Federal Reserve left its benchmark rate unchanged, its chair suggested markets were doing some of the Fed's inflation-fighting work for it.

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Business news • Aug 01

Truth Social’s Cash Grab Will Not Save Trump’s Business

Senators have urged the SEC to investigate Trump's social-media company Truth Social for selling immediate access to the president's posts to Wall Street...

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Business news • Aug 01

For sale: early access to Trump's Truth Social posts

The president's media company is offering investors early access to his Truth Social feed for up to $100000 a month. Experts say the service may violate...

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Business news • Aug 01

Nurses chase Cyclospora using grocery receipts, food apps and detailed interviews

More than 900 people in Washtenaw County, Michigan have been sickened with cyclosporiasis since mid-June. Linda Kim, a public health nurse, has spoken to...

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Business news • Aug 01

Why did OpenAI's and Anthropic's AI models hack other companies?

OpenAI and Anthropic say their models broke into other companies' systems during testing, raising security concerns amid a heated debate over how to...

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Business news • Aug 01

George Santos accused of ‘manipulative activity’ in prediction market trades

The former congressman agreed to pay $35000 to settle charges by the Commodity Futures Trading Commission, which cited trades he made on Kalshi regarding...

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Business news • Aug 01

Situational Awareness got the future right but misread the past

Leopold Aschenbrenner was hailed as a great prognosticator, but he did a poor job of interpreting history. The tech wunderkind's misfortune is a reminder...

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Business news • Aug 01

Special edition: Wall Street’s wild week

One note to start: It has been an extraordinary week on Wall Street. We wanted to delve further into the wild ride for the AI-focused hedge fund Situational...

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Business news • Aug 01

Humbling times for markets

Given the explosion in excitement about ancient Greek legends and myths, it is fitting that this week, several key protagonists in financial markets have,...

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Business news • Aug 01

As drivers get sticker shock, big oil gets a windfall

Exxon and Chevron reported a combined $26.5 billion windfall for the second quarter, as many drivers struggle to afford the price of gas.

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Business news • Aug 01

Iran War Pushes Companies to Raise Prices on Beer, Paint, Fries and More

Sherwin-Williams and the brewer of Samuel Adams are among those facing higher commodity and freight costs.

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Business news • Aug 01

Stock Market News, July 31, 2026: Apple Stock Falls, but Nasdaq Marches Higher

A selloff in Apple stock didn't do much to slow down the Nasdaq today. Shares in the iPhone maker fell 7.4%, dragging Apple's market capitalization down by...

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