Business news

Business news • Jul 31

Crackdown on THC: Ban on some hemp products now in effect

Texas reinstates 2021 Schedule I definitions, making delta-8 THC, delta-10 THC and other intoxicating THC variants illegal in many hemp products.

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Business news • Jul 31

How Leopold Aschenbrenner built a $45 billion AI hedge fund — and lost most of it in days

Former OpenAI researcher Leopold Aschenbrenner's AI hedge fund, Situational Awareness, collapsed from $45 billion to around $10 billion in assets on falling...

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Business news • Jul 31

Novo Nordisk Shares Drop After Drug Candidate Fails in Trial

Results of two additional trials testing ziltivekimab are expected in the first half of next year.

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Business news • Jul 31

Michael Saylor Says SpaceX, Google and Meta's AI Spending Is a 'Headwind' for Bitcoin

Michael Saylor says AI spending by SpaceX, Google and Meta is competing with Bitcoin for investor capital, creating a temporary headwind for crypto.

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Business news • Jul 31

Fruit sold at Publix sickens multiple people in 8 states

This recall affects those who may have purchased the recalled fruit in Alabama, Florida, Georgia, Kentucky, North Carolina, South Carolina, Tennessee,...

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Business news • Jul 31

Could less costly plug-in solar be a game changer?

Plug-in solar panels, which allow homeowners and renters to generate electricity by connecting a solar system to a standard household outlet,...

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Business news • Jul 31

The Fed did exactly what Wall Street was expecting—so why are markets so vexed by Kevin Warsh?

You're dealing with the Fed that the market is still trying to understand,” J.P. Morgan's Alex Wolf tells Fortune.

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Business news • Jul 31

Space Force picks 15 companies for $981 million training range contract

WASHINGTON — The U.S. Space Force selected 15 companies to compete for as much as $981 million in orders to build satellites, sensors and other systems...

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Business news • Jul 31

Dwindling cash and soaring memory costs: Tech's AI buildout has ballooning price tag

Amazon, Alphabet and Tesla all reported negative cash flow in the latest quarter, while Meta's cash generation plummeted by 91%.

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Business news • Jul 31

Novo Nordisk left praying to Artemis and Hermes to salvage CKD program after phase 3 fail

The trial has missed its primary goal, denting the prospects of a molecule analysts tipped to yield blockbuster sales and diversify Novo's portfolio.

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Business news • Jul 31

New Jersey's 'Skip the Stuff' law takes effect, banning plastic utensils and changing takeout orders

New Jersey restaurants will no longer automatically include plastic utensils with food orders in an effort to reduce plastic waste.

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Business news • Jul 31

Fed officials warn not raising interest rates was a mistake

Inflation is a far more serious and persistent issue than the Fed has made it out to be, and it must be addressed by raising interest rates, a group of...

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Business news • Jul 31

Novo Nordisk inflammation-targeting drug misses mark in heart disease study

Novo Nordisk said Friday that its investigational anti-inflammatory drug did not reduce the risk of major heart events in a pivotal trial, raising questions...

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Business news • Jul 31

Cyclospora confusion? Four questions about the parasite in Minnesota, answered

Minnesotans can be reassured that the large multistate outbreak of cyclosporiasis infections, a gastrointestinal illness caused by cyclospora,...

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Business news • Jul 31

Amazon stock soars as e-commerce giant's AWS cloud business booms in 'home run' quarter

The e-commerce and cloud giant topped second quarter expectations as accelerating cloud growth at Amazon Web Services (AWS) helped drive strong results.

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Business news • Jul 31

Stock Markets Look to Close July With a Bang But the August Lull Looms

A furious end to an action-packed week for U.S. stocks will wrap up on Friday with indexes looking to close out the month of July on a high note.

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Business news • Jul 31

Fed officials who voted to hike rates say action is needed now against inflation

Regional Fed Presidents Beth Hammack of Cleveland and Neel Kashkari of Minneapolis explained why they favor higher interest rates in separate statements...

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Business news • Jul 31

Exclusive | Trump regulators vow to end left-wing ‘shakedown’ of US banks

The nation's top banking regulators moved Friday to end what senior Republicans called a decades-old "shakedown" scheme that allowed left-wing groups to...

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Business news • Jul 31

Texas THC ban takes effect. Here's what shoppers will notice first

HOUSTON — A statewide ban on certain hemp-derived THC products is now in effect in Texas, bringing major changes for consumers and businesses across the...

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Business news • Jul 31

Vitol, Cargill Cut Ties With Radiant World Amid Fake Invoice Concerns

Vitol Group and Cargill Inc. have stopped trading with Radiant World, a private firm that's rapidly risen to become one of the world's largest iron ore...

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