Business news

Business news • Jul 26

Why 529 Accounts Make More Sense for Investing Than Trump Accounts

More than seven million Trump accounts, a new tax-deferred investment account for children, have been opened so far, and parents of newborns may soon be...

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Business news • Jul 26

Blocked but booming: How people in China use American AI

Chinese workers, students and AI aficionados are regularly using leading American AI systems despite American companies' attempts to limit their usage.

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Business news • Jul 26

Oil Market's Glut Narrative Just Blew Up

Demand for crude oil globally fell by close to 5% in the second quarter of the year, according to IEA data, as a natural result of the oil price spike...

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Business news • Jul 26

See what it’s like to use a North Korean smartphone under Kim Jong Un

North Koreans are banking, getting makeup tutorials and using period trackers on their phones. But under Kim, these digital comforts are also tools of...

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Business news • Jul 26

Millions of eggs recalled over salmonella fears

Check the eggs in your refrigerator. Health officials are investigating a multistate outbreak of “salmonella enteritidis” infections linked to eggs,...

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Business news • Jul 26

New Jersey governor signs law banning surveillance pricing to protect shoppers

New law prohibits retailers from using personal data to charge different prices for identical products.

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Business news • Jul 26

Rising Food Prices Have Consumers Improvising

What's for dinner? Lately, at Apral Jack's house, it's whatever is on sale. Jack scouts an app for deals at her local supermarket before she buys groceries.

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Business news • Jul 26

For Gen X investors, dotcom bubble haunts stock market portfolios closing in on retirement

Gen Xers are now at an age where the need to accumulate wealth in retirement plans is getting closer to overlapping with the in-retirement phase of needing...

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Business news • Jul 26

Inside the S&P 500 AI boom, industrials are getting as rich as tech stocks

The industrials sector of the stock market is benefitting from the AI infrastructure boom with its P/E ratio up close to tech levels and investor flows...

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Business news • Jul 26

Traders Are Getting a New Tool to Wager on the Biggest US Stocks

Investors will soon have another way to bet on the hottest stocks from Nvidia Corp. to SpaceX, without trading a single share.

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Business news • Jul 26

Power Grids Reach Tipping Point as 100F Weather, US Data Center Boom Stress Aging Networks

(Bloomberg) -- Back-to-back heat waves across the US are straining electricity grids serving millions of households and businesses amid a surge in demand...

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Business news • Jul 26

Cyclospora outbreak has many changing eating habits, CBS News poll finds; mixed and partisan confidence in FDA

Most Americans are following news about the outbreak of cyclospora at least somewhat closely and four in 10 say they are now buying or eating less produce...

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Business news • Jul 26

Big Tech Earnings Slam Into a Market in Revolt Over AI Spending

For years, US technology giants had a tacit agreement with investors: The companies could spend lavishly on artificial intelligence, and the stock market...

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Business news • Jul 26

What to Expect in Markets This Week: Amazon, Apple, Meta and Microsoft Earnings; Fed Interest Rate Decision

Earnings reports from four of the world's largest tech companies, a decision on interest rates, and key economic data releases will be in focus this week.

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Business news • Jul 26

The Treasury market is sending Fed Chair Kevin Warsh a clear warning about rates

Rising Treasury yields show how “enormously worried” the market is about inflation — and whether the Fed will back up its tough talk with action.

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Business news • Jul 26

'The AI trade is still on': Wall Street sees Big Tech's spending as positive for semiconductor stocks

The AI trade this year has been centered around infrastructure plays, including chips, networking equipment, and data center providers.

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Business news • Jul 26

Cyclosporiasis outbreak: What you need to know

Historically, leafy greens, herbs, raspberries, blackberries, snow and snap peas and green onions are most often linked to cyclospora infections.

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Business news • Jul 26

The U.S. government invested $27 billion in corporate stakes. Good luck finding them

The Trump administration has invested roughly $26.7 billion across 30 equity or quasi-equity deals, headlined by a 9.9% stake in chipmaker Intel that's now...

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Business news • Jul 26

America's Most Powerful Banker Just Confirmed It: I Want These 5 Stocks, Not The Market

I prioritize a TOLL+M investment model—tangible assets, oligopoly advantages, low incremental CapEx, durable cash flows, and macro tailwinds—to build...

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Business news • Jul 26

Sam Altman says humanity already in the singularity, warns of AI authoritarianism

The singularity, long viewed as a distant milestone in artificial intelligence, has already arrived, according to OpenAI CEO Sam Altman.

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