Business news

Business news • Jul 15

The hottest AI models in Silicon Valley face a powerful source of competition

Burdened by rising costs from labs like OpenAI and Anthropic, U.S. companies have begun to shift to Chinese models in a landmark adoption of the country's...

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Business news • Jul 15

Elizabeth Warren attacks Fed chair Kevin Warsh in Senate hearing, floating corruption accusations

Fed Chairman Kevin Warsh and Sen. Elizabeth Warren got into a heated altercation Wednesday during his testimony before Congress as the Massachusetts Dem...

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Business news • Jul 15

Warsh Says He’s Told Trump ‘Repeatedly’ He’s Independent

Federal Reserve Chairman Kevin Warsh said that President Donald Trump — who's long called for slashing US interest rates — hasn't tried to interfere with...

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Business news • Jul 15

No patent protection for Stelara? No problem for J&J as Tremfya fills the void

J&J's recent growth surge has come despite the LOE of Stelara. Compensating for the shortfall is Tremfya, which topped the $2 billion mark in Q2.

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Business news • Jul 15

Anthropic Is Said to Plan IPO Investor Meetings as Listing Nears

Anthropic PBC is seeking to meet with investors ahead of its potential mega-IPO, according to people familiar with the matter, as the company prepares to...

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Business news • Jul 15

The Avocado Oil Boom Has A Fraud Problem, New Study Suggests

A new study says consumers are being fooled by products claiming to be made with avocado oil, an ingredient often cited as a healthier alternative to other...

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Business news • Jul 15

3 more businesses join Scarborough’s planned town center

More than 240000 square feet of commercial space is under construction in the heart of The Downs and 70% is already leased or purchased.

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Business news • Jul 15

'We have maybe 20 months' to rebuild for AI agents, Meta's infrastructure VP tells VB Transform 2026

Meta infrastructure VP Barak Yagour says agentic queries grew 30x in six months, and enterprises have roughly 20 months to rebuild for AI agents.

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Business news • Jul 15

Report: How an email mistake derailed talks between Apple and OpenAI ahead of the lawsuit

NBC News reports that talks between Apple and OpenAI over alleged trade secret theft broke down after an outside lawyer for Apple mistakenly emailed the...

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Business news • Jul 15

United Airlines Q2 preview: high-end beat expected, fuel a wild card

United Airlines Holdings Inc (NASDAQ:UAL, XETRA:UAL1) will report second-quarter earnings after the market close on Wednesday, with investors focused on how...

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Business news • Jul 15

China’s economy grows 4.3% in Q2, slowest since late 2022

HONG KONG — China's economy slowed sharply to a 4.3% annualized pace of growth in the April-June quarter, the government said Wednesday, the weakest in over...

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Business news • Jul 15

BlackRock assets hit record $15 trillion on boost from buoyant markets, ETF inflows

BlackRock's second-quarter profit outpaced Wall Street estimates on Wednesday as a ‌stock market rally lifted the value of client assets and investors...

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Business news • Jul 15

BlackRock Hits $15 Trillion Record While Its Crypto Arm Shrinks 20%

BlackRock posts record $15.34 trillion AUM in Q2 2026 while its crypto arm shrinks 20% on $3.1 billion outflows.

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Business news • Jul 15

PayPal co-founder and Affirm CEO details his 'very high bar' for M&A

PayPal (PYPL) is soaring on a report that Stripe and private equity firm Advent International offered to acquire the payments giant for more than $53...

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Business news • Jul 15

Russian hackers exploiting vulnerable internet routers, NSA warns

U.S. cybersecurity agencies warn Russian government-backed hackers continue exploiting vulnerable internet routers to access business and critical...

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Business news • Jul 15

Stripe and Private-Equity Firm Advent Offer to Buy PayPal

The fintech company is in the early stages of a turnaround effort under new CEO Enrique Lores.

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Business news • Jul 15

‘Arsenal of democracy’: Jamie Dimon announces $24 million effort to boost American shipbuilding

JPMorgan Chase CEO Jamie Dimon announced $24 million to revive American shipbuilding, including by helping finance a new submarine manufacturing facility at...

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Business news • Jul 15

PayPal Shares Surge Premarket on Reports of $53 Billion Takeover

New York-listed PayPal shares jumped by close to 19% premarket to trade at $56.29.

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Business news • Jul 15

Conagra Stock Falls as Guidance Disappoints and the Company Reduces Dividend

Conagra stocks declines after the company announces middling profit guidance and reduces its dividend.

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Business news • Jul 15

Paypal stock soars on report of buyout proposal from Stripe, Advent

What happened: PayPal Payments (PYPL) jumped 28% in pre-market on Wednesday. What's behind the move: Payments company Stripe and private equity firm Advent...

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