Business news

Business news • Jul 31

Warsh Considers Reducing Frequency of Fed Policy Meetings

The Federal Reserve has met at least eight times a year for decades. Reducing the number of meetings would represent the biggest change by Kevin M. Warsh...

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Business news • Jul 31

Tesla and SpaceX Merger Speculation Heats Up and Elon Musk Tries to Cool It Off

The Wall Street Journal reports Tesla is considering selling its China business to facilitate a future merger with SpaceX.

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Business news • Jul 31

Oil companies report sky-high profits thanks to wartime crude prices

Chevron reported its highest quarterly earnings ever. Shell had its second-biggest quarter, and ExxonMobil doubled its earnings compared with the same time...

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Business news • Jul 31

Weight Loss Drug Stocks Slump. What Ozempic Maker Novo Nordisk Said.

Novo Nordisk updated investors on Zeus trial outcome. Investors' pre-earnings positioning may also underlie sliding weight loss drug stocks.

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Business news • Jul 31

Paramount Seeks Antitrust Trial in November, While States Ask for April 2027

Paramount asked a judge on Friday to schedule its upcoming antitrust trial in November, while a coalition of states asked for a date next April.

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Business news • Jul 31

SK Hynix Stock Surged 30% in South Korea. It’s Dropping in the U.S.

SK Hynix stock surges in South Korea on Friday but that could lead to more volatility down the line.

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Business news • Jul 31

US Stocks Falter as AI-Driven Rally Fades Despite Amazon Blowout

US stocks rose on Friday as Amazon.com Inc.'s 15% rally after stellar results lifted a broad sweep of companies benefiting from zeal for artificial...

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Business news • Jul 31

What to know about Texas' new ban on delta-8 and other consumable hemp products

Delta-8, the milder form of THC sometimes put in gummies, tinctures or chocolate, has been reclassified as a Schedule I substance in Texas.

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Business news • Jul 31

Wall Street To Big Tech: Show Us The Money In Pricey AI Race

Big Tech earnings in the age of AI have followed a pattern. Results are strong, but so is the need for more computing capacity. Tech companies say they must...

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Business news • Jul 31

Closure of controversial Delta Park BottleDrop begs question: Where will canners go next?

The BottleDrop redemption center at Portland's Delta Park in North Portland is set to close Friday, leaving a very large gap in the city's bottle and can...

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Business news • Jul 31

Perplexity AI loses bid to toss Reddit lawsuit over data scraping

July 31 (Reuters) - A Manhattan federal judge on Friday rejected most of Perplexity AI's bid to dismiss a lawsuit brought by Reddit (RDDT.

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Business news • Jul 31

Apple stock slides nearly 10% as Cook warns of memory shortage impact

Apple (AAPL) stock fell just shy of 10% on Friday, after CEO Tim Cook warned about the impact of the global memory shortage on the company's business.

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Business news • Jul 31

Y'all Street launches: Texas Stock Exchange goes live in Dallas

The Texas Stock Exchange officially launched in Dallas as a new rival to the NYSE and Nasdaq. Financial backers include BlackRock, Goldman Sachs and Charles...

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Business news • Jul 31

Apple stock sinks 7% after Tim Cook warns of ‘100-year flood’ in memory prices

Apple shares plunged 7% on Friday in the tech giant's worst one-day selloff since March 2020 after it warned that supply constraints and slowing growth...

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Business news • Jul 31

Fed chief Warsh faces hard choice on inflation after bond market's 'red flag'

By Ann Saphir July 31 (Reuters) - Federal Reserve Chairman Kevin Warsh's emphatic declarations on Wednesday that inflation would be brought down without...

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Business news • Jul 31

Regulators propose overhaul to law governing how banks lend to low-and-middle income communities

The Trump Administration has announced changes to the Community Reinvestment Act, a law that requires regulators to document how well banks do in lending to...

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Business news • Jul 31

Taco Bell hopes to win back fans with $1 Mexican pizza and lettuce-free deals amid cyclospora source rumors

Taco Bell has long been the punchline of diarrhea jokes, but after an actual parasite outbreak, the chain is betting $1 favorites can help customers stomach...

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Business news • Jul 31

FDA Panel Backs 6 Peptides for Compounding

The FDA's Pharmacy Compounding Advisory Committee (PCAC) closed its July 23-24 meeting with a string of narrow votes recommending 6 of the 7 peptides under...

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Business news • Jul 31

The ban on robot vacuums won’t make them safer. But it may make your next one worse

No other gadget knows as much about your home as a robot vacuum. They map your space, learn your routines, and many now carry a camera and microphone into...

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Business news • Jul 31

As Warsh’s Fed faces pressure to act on inflation, these indicators show it’s at its lowest in years

While traditional measures are showing inflation well above the Fed's 2% target, so-called trimmed mean indicators have hit their lowest levels since the...

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