Business news

Business news • Jul 15

Oil traders warn market is close to running on empty as Hormuz shuts again

Oil traders have warned that the latest flare-up of tensions in the Strait of Hormuz threatens a fresh crude supply crunch without the stockpiles that...

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Business news • Jul 15

Warren Buffett on the market today: 'It's tough to find values when everybody is preferring gambling'

Warren Buffett was critical of a stock market that he said is increasingly driven by speculative trading, as opposed to long-term investing.

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Business news • Jul 15

26 Meta employees accuse Mark Zuckerberg of using AI to target 8,000 layoffs against workers on medical, parental or family leave

A group of 26 Meta employees has sued the company, claiming it used artificial intelligence systems to select people for layoffs, disproportionately...

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Business news • Jul 15

New York Fed President Williams says inflation has peaked, rates 'well positioned'

New York Federal Reserve President John Williams said Wednesday that he sees multiple signs that inflation has peaked, allowing the central bank to hold...

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Business news • Jul 15

Realta Fusion will develop former Oscar Mayer site in Madison, add 600 jobs

A site that represents Madison's industrial past will get new life as the host of a new research and development facility aimed at helping power the future.

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Business news • Jul 15

SpaceX Stock Dropped Below Its IPO Price. How it Bounces Back.

stock broke below its $135 IPO price on Wednesday, racking up another red trading session. Elon Musk's rocket and artificial intelligence company clearly...

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Business news • Jul 15

Goodbye, middle seat. United's new seating design offers extra space

United is introducing a new Economy Plus seating option that swaps the middle seat for a table on select Airbus A321XLR aircraft.

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Business news • Jul 15

J&J quarterly earnings beat Wall Street estimates on strength of medicines unit

beat Wall Street estimates for second-quarter sales and profit on Wednesday, as strong growth from immunology ​drug Tremfya and cancer blockbuster ​Darzalex...

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Business news • Jul 15

Warren Buffett tells CNBC he initiated Berkshire Hathaway's investment in Alphabet

Warren Buffett said he was the driving force behind the conglomerate's recent big investment in Alphabet.

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Business news • Jul 15

Mortgage rates rise to highest level in nearly a year, causing homebuyers to pause

Mortgage rates moved higher last week, causing buyers to pull back, but refinancing did see small gains.

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Business news • Jul 15

Johnson and Johnson Earnings Report | 2026 Q2 Infographic

Learn more about Johnson & Johnson's earnings report for the second quarter of 2026 with this infographic breakdown.

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Business news • Jul 15

Johnson & Johnson Bumps Up Guidance as Sales Rise

The drug and medical-device maker expects full-year sales of $100.8 billion to $101.4 billion, up from prior projection of $100.3 billion to $101.3 billion.

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Business news • Jul 15

China economic growth falls sharply, missing target

China's economic growth slowed sharply between the start of April and end of June as weak domestic demand and the Iran war's impact on oil prices...

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Business news • Jul 15

BlackRock assets rise to record $15.3tn

BlackRock drew in $192bn of capital in the second quarter, as a stock-trading boom helped push the assets under management at the world's largest money...

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Business news • Jul 15

BlackRock Earnings: Assets Cross $15 Trillion, Adding $192 Billion of Cash

Larry Fink's plan to combine BlackRock Inc.'s significant index fund business with higher-fee active and private markets investments is bearing fruit,...

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Business news • Jul 15

Education Department Begins Notifying Student Loan Borrowers They Have 90 Days To Switch Plans

The Education Department has begun notifying student loan borrowers on the SAVE plan to select a new repayment plan within 90 days of receiving an official...

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Business news • Jul 15

Oil, Shipping, Flights: Disruptions Are Back as U.S.-Iran War Reignites

Global oil markets, shipping and air travel are again facing disruptions as the United States and Iran ramp up hostilities in the Middle East.

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Business news • Jul 15

American AI is expensive. Some startups are turning to cheap Chinese models

AI is a fast-growing business expense. Some companies are cutting costs by switching to cheaper Chinese AI models.

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Business news • Jul 15

China’s GDP Growth Weakens to 4.3%, Below Official Target Range

China's economy slowed more than expected last quarter to the weakest in more than three years, raising pressure on policymakers to speed up public spending...

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Business news • Jul 15

Mega Millions Jackpot Rises To $672 Million—Here’s What The Winner Could Take Home

The Mega Millions jackpot climbed to $672 million—the biggest lottery prize of the year so far—after no tickets matched all six numbers drawn on Tuesday...

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