Business news

Business news • Jul 16

SpaceX Starship Flight 13 launch updates: Scrub

SpaceX is targeting no earlier than July 16 for the next launch of its massive Starship rocket. Flight 13 will be the second launch of the vehicle's Version...

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Business news • Jul 16

Netflix Revenue Grows 13% to $12.6 Billion

Netflix's second-quarter revenue grew 13 percent and its net income jumped close to 10 percent, the company said Thursday, in line with Wall Street's...

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Business news • Jul 16

Wall Street traders can soon pay for early looks at Truth Social posts

TMTG will launch Truth API on Aug. 1 to sell Wall Street firms early access to market-moving posts from Truth Social.

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Business news • Jul 16

EXCLUSIVE: PayPal board sees Stripe-Advent offer as inadequate, sources say

PayPal's board sees a $53 billion takeover bid by rival Stripe and private equity firm Advent ​International as undervaluing the company and facing...

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Business news • Jul 16

FDA approves a first-of-its-kind pill to cut cholesterol in high-risk patients

The Food and Drug Administration has approved a first-of-its-kind pill that can drastically reduce cholesterol.

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Business news • Jul 16

Netflix earnings forecast disappoints Wall Street, shares tumble

Netflix forecast third-quarter revenue and earnings on Thursday that fell short of Wall Street targets and said it would cut ‌the frequency of viewing-hours...

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Business news • Jul 16

Elon Musk's Memphis AI empire is the epicenter of the data center backlash

Since Elon Musk built AI data centers in Memphis at breakneck speed, residents have been grappling with unwanted noise and emissions.

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Business news • Jul 16

Asian Stocks Drop After Chip Selloff, Oil Gains: Markets Wrap

Asian stocks fell alongside US equity-index futures as a selloff in chipmakers deepened on mounting concern that massive artificial-intelligence investments...

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Business news • Jul 16

US wireless carrier Verizon to sell 274 stores, lay off another 500 corporate employees

U.S. wireless carrier Verizon said on Thursday it will sell 274 company-owned retail locations ​and cut about 500 corporate jobs as part of its...

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Business news • Jul 16

Iceberg lettuce sold at Taco Bell linked to cyclospora outbreak

Shredded iceberg lettuce supplied by Taylor Farms and sold at some Taco Bell restaurants has been linked to a multistate outbreak of cyclosporiasis,...

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Business news • Jul 16

Netflix Stock Drops on Revenue Miss, Engagement Update

Revenue for the quarter of $12.56 billion was below the $12.58 billion analysts were expecting.

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Business news • Jul 16

FDA to Warn of Taco Bell Lettuce in 5 States Over Parasite

US regulators are set to tie lettuce from Taco Bell to a parasite outbreak that's sickened thousands in Michigan and nearby states, according to people...

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Business news • Jul 16

Americans are angry about data centers. Politicians are feeling the pressure

SALINE TOWNSHIP, Michigan, July 16 (Reuters) - From Michigan Avenue, Saline Township looks like any other farming community, with its corn and soybean...

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Business news • Jul 16

As SK Hynix Stock Drops, Regulators Try to Impose Stability

SK Hynix stock has been volatile since its blockbuster ADR listing. South Korean regulators are stepping in.

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Business news • Jul 16

Recalled Costco product poses big threat

Local officials are helping Costco members dispose of their recalled grapevine plants.

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Business news • Jul 16

Netflix Revenue and Profit Increase, but the Company Expects Growth to Slow

The streamer said it would begin to release its viewership report annually, rather than twice a year.

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Business news • Jul 16

Michael Burry Says PayPal's $60.50 Buyout Offer Is "Simply Too Low." Here's the Case for a Higher Bid.

The famed investor isn't selling his shares, and his math points far higher.

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Business news • Jul 16

Netflix beats on earnings per share, misses on revenue in second quarter

Netflix missed on revenue but beat estimates on earnings per share in the second quarter.

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Business news • Jul 16

xAI can’t deny Grok makes CSAM anymore. So it’s suing users.

Elon Musk's xAI files first lawsuit against Grok user accused of making child sex images.

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Business news • Jul 16

IRS raises business mileage deduction rate amid fuel price surge

IRS mileage deduction rates increase midyear amid rising gas prices, with the business mileage rate jumping to 76 cents per mile effective July 1, 2026.

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