Business news

Business news • Jul 16

American mall retailer warns it may close up to 15 more stores this year

Fossil Group plans to close up to 15 stores in 2026 as it narrows losses, cuts costs and continues to move forward with its turnaround strategy.

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Business news • Jul 16

Maker of Drone Boats Used in Iran War Will Open New Texas Shipyard

After its unmanned vessels recently drew attention in the Iran war, Saronic Technologies, a shipbuilding start-up, announced on Thursday that it would open...

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Business news • Jul 16

UnitedHealth Stock: The 1 Number in the Earnings Beat That Has Shares Jumping

Group stock spiked on Thursday after the healthcare giant posted second-quarter earnings that handily topped analyst projections and raised its guidance.

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Business news • Jul 16

The Chip-Stock Slide Isn’t Over. The AI Trade Is Still Under Pressure. But ‘No One Is Short’

Chip stocks slid Thursday, extending what's been a tough few weeks for the sector and the broader AI trade. Some experts have suggested a pullback could be...

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Business news • Jul 16

Amtrak study finds way to run more trains at Penn Station without razing a Midtown block

As the Trump administration pushes a plan to rebuild Penn Station, officials are also eyeing ways to increase service at the Midtown train hub before a new...

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Business news • Jul 16

JPMorgan CEO Jamie Dimon says 300,000 workers are needed for American shipbuilding—jobs paying $100K

JPMorgan Chase CEO Jamie Dimon warned that the U.S. has fallen dangerously behind on shipbuilding, creating a massive shortage of skilled workers—and a...

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Business news • Jul 16

Gas is nearly $4 again and diesel just topped $5. It’s not what you think

US gas prices have rocketed higher during the on-again, off-again war with Iran. After a brief respite, the average price for gas has surged 15 cents in a...

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Business news • Jul 16

Taiwan Semiconductor Earnings: Lifting Fair Value Estimate After a Beat-and-Raise Quarter

We believe hyperscalers' elevated spending in the coming years justifies TSMC's bigger capex budget.

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Business news • Jul 16

Exclusive: Visa launches new platform to provide stablecoin services to more than 200 million merchants

The new platform lets banks and fintechs mint, move, and manage stablecoins directly through its network.

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Business news • Jul 16

Boeing nears 737 MAX 7, 10 certification with engine anti-ice fix

Boeing may soon be able to fly passengers on its long-delayed 737 MAX variants as it nears the end of a lengthy certification process with safety regulators...

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Business news • Jul 16

The Great Rotation: Chips Stocks Out, Old Favorites In

U.S. stocks remain deep in the throes of a major rotation heading into the teeth of the second-quarter earnings season, and the traditional August lull that...

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Business news • Jul 16

TSMC raises capex and revenue forecast, highlighting growing AI chip demand

TSMC, the world's largest made-to-order chipmaker, reported second quarter results.

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Business news • Jul 16

$3.2 trillion rotation from chips to the 'Magnificent 7' has left the S&P 500 going nowhere: Chart of the Day

The S&P 500 (^GSPC) and Nasdaq Composite (^IXIC) have been stuck for months. Underneath them, $3.2 trillion has rotated between the "Magnificent Seven" and...

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Business news • Jul 16

Why the Mag 7 Stocks Can Save the Stock Market Rally

Chinese rival to Micron could shake up the chip market, U.S. will put 25% tariff on some Brazilian goods, United Airlines raises full-year guidance,...

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Business news • Jul 16

Retail sales last month rose less than expected

Spending at US retailers last month was weaker than expected, despite the World Cup drawing tourists from around the world and online sales events.

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Business news • Jul 16

Google Ordered to Give A.I. Rivals More Access on Android Smartphones

Google was ordered by European Union regulators on Thursday to lift restrictions that limit how rival A.I. companies can reach users of Android smartphones,...

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Business news • Jul 16

TSMC Reports Second Quarter EPS of NT$27.25|Taiwan Semiconductor Manufacturing Company Limited

HSINCHU, Taiwan, R.O.C., Jul. 16, 2026 -- TSMC (TWSE: 2330, NYSE: TSM) today announced consolidated revenue of NT$1,270.38 billion, net income of NT$706.56...

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Business news • Jul 16

Boeing Expects to Win Certification for Long-Delayed Jet Models

Boeing Co. said it was close to completing the certification process on three long-delayed jetliner models as the planemaker recovers from years of missteps...

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Business news • Jul 16

Powerball results for 07/15/26: $2 million winner sold

LANSING, MI -- One player won a $2 million prize, but there was no winner of the $499 million Powerball jackpot for the drawing held on Wednesday, July 15.

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Business news • Jul 16

Lilly buys AtaiBeckley for $2.8B upfront to challenge J&J for psychedelic mental health market

Eli Lilly has struck a deal to buy AtaiBeckley for $2.8 billion upfront, continuing its takeover spree to move into a psychedelic mental health sector...

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