Business news

Business news • Jul 27

MapLight shares sink on mixed ph. 2 schizophrenia readout

MapLight Therapeutics' stock plummeted more than 60% this morning after the neuro outfit dropped mixed results for a phase 2 trial of its experimental...

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Business news • Jul 27

US Department of Energy includes Arkansas, Oklahoma in emergency order amid extreme heat

The U.S. Department of Energy (DOE) issued an emergency order on Sunday to help mediate power across 17 states, including Arkansas and Oklahoma,...

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Business news • Jul 27

Cracker Barrel CEO Julie Masino to step down

Cracker Barrel announced on Monday that CEO Julie Masino will step down, effective Aug. 10, and be replaced by David Deno. Masino will remain with the...

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Business news • Jul 27

China begins making homegrown DUV chipmaking tools, The Information reports

July 27 (Reuters) - China has begun manufacturing domestically developed immersion ​deep ultraviolet lithography machines, a key chipmaking tool long...

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Business news • Jul 27

There’s a National Blood Supply Crisis Happening Right Now

Red Cross officials are pleading with Americans to donate blood, especially if they have O-positive blood.

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Business news • Jul 27

Apple overtakes Nvidia as world’s most valuable company as it barrels toward $5T

Update: 10 days later, Apple and Nvidia have once again swapped rankings with $AAPL overtaking $NVDA. Apple has yet to cross the $5T market cap threshold,...

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Business news • Jul 27

Warsh’s Twist Could Be Higher Fed Rates and Lower Mortgage Rates

Let's get this out of the way right away: It's highly unlikely the Federal Reserve will raise interest rates when policymakers meet this week after the...

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Business news • Jul 27

China Begins Mass Production of Homegrown DUV Chip Tools

A Chinese state-backed company has begun manufacturing one of the key pieces of equipment used in chip manufacturing for the first time, a significant...

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Business news • Jul 27

Cracker Barrel Announces CEO Succession

PRNewswire/ -- Cracker Barrel Old Country Store, Inc. ("Cracker Barrel" or the "Company") (Nasdaq: CBRL) today announced that, following a comprehensive...

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Business news • Jul 27

Federal Reserve is likely to hold interest rates steady. Here's what that means for consumers

Markets expect the Federal Open Market Committee to leave interest rates unchanged at the conclusion of its meeting on July 29, but possibly set the stage...

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Business news • Jul 27

Arnault Joins X as LVMH CEO Fights Off Rumors of Family Disunity

Europe's richest person has finally joined the social media fray.

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Business news • Jul 27

Hot Peptide Summer Is Almost Here

After a hearing that recommended the approval of six previously banned peptides, the injectable drugs are only going to get more popular.

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Business news • Jul 27

Growing number of brokerages see July Fed decision as 'a close call'

July 27 (Reuters) - A growing number of major brokerages believe there is a real risk of the Federal Reserve delivering a rate hike at ​its meeting this...

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Business news • Jul 27

Argenx acquires Forte for $2.2B to get hands on phase 2-stage vitiligo drug

Argenx is spending $2.2 billion to absorb Forte Biosciences for its phase 2-stage vitiligo and celiac disease drug.

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Business news • Jul 27

Cracker Barrel comeback gains steam as loyal customer says return visit 'felt like coming home'

Cracker Barrel Old Country Store's comeback gained another major twist Monday as the company announced CEO Julie Masino will step down, one week after...

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Business news • Jul 27

Ford wants more customers to customize vehicles to boost profits as it eyes 'Nike shoe drop' moments

Ford is expanding its accessory and parts business in an effort to boost profits and better tap into the $53 billion U.S. automotive aftermarket industry.

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Business news • Jul 27

Trump Administration Demands Hospitals Share Emergency Room Records

The tiny federal agency that tracks consumer product safety is pressuring hospitals to turn over patient records from emergency room visits, including about...

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Business news • Jul 27

The Fed confronts an unusually confusing economic moment

Federal Reserve officials have sent mixed signals on the path of interest rates as inflation concerns have intensified, fueling uncertainty about the...

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Business news • Jul 27

John Oliver Returns to Expose Trump Family’s Shady Crypto Dealings: ‘We Badly Need Proper Guardrails’

John Oliver returned to “Last Week Tonight” after his summer hiatus and went deep on the Trump family's sketchy crypto ventures.

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Business news • Jul 27

Shein Reveals Slowing Profit in Filings Ahead of Hong Kong Debut

Fast-fashion retailer Shein Group Ltd. disclosed slowing profitability and revenue growth in the first detailed look at its finances ahead of a planned Hong...

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