Business news

Business news • Jul 23

Southwest Looks To Maximize Pricing Of New Products

Now that a raft of new revenue streams is firmly in place, Southwest Airlines' next step is optimizing pricing of those products. The second quarter was the...

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Business news • Jul 23

Alphabet's cash burn raises alarm for Big Tech as AI spending climbs

The cash hit is one of the clearest signs of how AI is reshaping Big Tech.

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Business news • Jul 23

Reality Bites Elon Musk and His Tesla, SpaceX Believers

Shares of Tesla tumble around 15% on disappointing quarter, and SpaceX has fallen 50% from its highs.

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Business news • Jul 23

Oil prices surge as Congress splits on Iran war votes: From the Politics Desk

In today's edition, we examine how the escalating Iran war is playing out in the oil markets and the halls of the Capitol. Plus, Scott Wong and Matt Dixon...

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Business news • Jul 23

Gallego eyes crypto bill ethics counteroffer, calling GOP proposal a ‘piece of s--t’

A bipartisan group of senators is working to come up with a counterproposal to a White House-approved ethics provision in a landmark cryptocurrency bill,...

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Business news • Jul 23

Oracle signs 10-year software contract with Pentagon worth up to $7 billion

Oracle will supply on-premises software to the U.S. Department of Defense.

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Business news • Jul 23

New Jersey bans grocery stores from using shoppers’ personal data to set prices

New law prohibits surveillance pricing, pauses electronic shelf labels for a year, and allows consumers to sue businesses that violate the ban.

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Business news • Jul 23

White House monitoring incident after OpenAI models escaped containment and hacked Hugging Face systems

The White House is monitoring a cybersecurity incident in which an OpenAI AI agent went rogue during testing and breached Hugging Face's AI infrastructure...

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Business news • Jul 23

SpaceX Starship Flight 13 launch updates: SpaceX delays Starship launch to July 24

SpaceX will launch next Starship rocket on Friday, July 24, after delays. Flight 13 will be the second launch of the vehicle's Version 3 configuration and...

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Business news • Jul 23

‘Call us whatever the hell you want’: Mark Zuckerberg just launched an AI optimism blitz using nostalgia to sell Meta’s AI future amid backlash

Marketing experts say Meta invokes Facebook-era optimism while leaving recent AI lawsuits and product backlash unaddressed.

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Business news • Jul 23

Cyclosporiasis: Case rates rise in five outbreak states

Cases of cyclosporiasis have now been reported in at least 41 states, and infection rates continue to increase in the five states where the CDC has declared...

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Business news • Jul 23

Brent oil tops $100 per barrel, as tumbles for Tesla and Alphabet yank Wall Street lower

Brent oil shot to its highest price since May after increased fighting in the Middle East threatened to slow the global flow of crude.

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Business news • Jul 23

Southwest Airlines Co. stock underperforms Thursday when compared to competitors

slipped 6.19% to $44.71 Thursday, on what proved to be an all-around poor trading session for the stock market, with the S&P 500 Index.

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Business news • Jul 23

Saudi Arabia takes center stage as oil hits $100 and the Iran war escalates amid Houthi attacks and nuclear expansion

The war in Iran has officially expanded into Saudi Arabia and the Red Sea as Yemeni Houthis attacked Saudi tankers avoiding the dangerous Strait of Hormuz...

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Business news • Jul 23

'Magnificent 7' stocks erase $797 billion in market value in worst day since April 2025

The "Magnificent Seven" group of stocks suffered its steepest one-day decline since the tariff-driven market sell-off in April 2025.

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Business news • Jul 23

An FDA Committee Just Voted in Favor of Peptides—Despite the Agency's Opposition

In a highly unusual move, a U.S. Food and Drug Administration (FDA) committee voted against FDA staff's own advice in a meeting on July 23,...

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Business news • Jul 23

In win for RFK Jr., FDA advisory panel narrowly votes to allow compounding of unapproved peptides

Advisory panel recommends allowing compounding pharmacies to produce popular but unproven BPC-157 and KPV peptides.

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Business news • Jul 23

Southwest Airlines put Texas jet fuel on a boat to LA for the first time amid supply worries

Southwest hired a ship this spring to send fuel from Houston to Los Angeles in case of supply shortages.

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Business news • Jul 23

Stocks Tumble as A.I. Spending and Oil Prices Weigh on Market

Stocks were hit Thursday by soaring oil prices, rising borrowing costs and worrisome earnings reports from two large technology companies.

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Business news • Jul 23

Strikes Against Saudi Tankers in the Red Sea Send Oil Past $100 a Barrel

The price of oil hit $100 a barrel on Thursday for the first time since May after militants allied with Iran said they had hit two Saudi tankers in the Red...

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