Business
Corporate strategy, industry analysis, and business insights from global markets.
Gallego eyes crypto bill ethics counteroffer, calling GOP proposal a ‘piece of s--t’ - Politico
“Whatever piece of s--t they sent back to us, that was not a serious effort,” said Sen. Ruben Gallego (D-Ariz.).
Oracle signs 10-year software contract with Pentagon worth up to $7 billion - CNBC
Oracle will supply on-premises software to the U.S. Department of Defense.
Why Alphabet Stock Is Falling: The 1 Key Metric Rattling Investors - Barron's
Alphabet’s second-quarter free cash flow turned negative for the first time as the Google parent ramps AI spending, leaving Wall Street divided over whether the investment will pay off.
Google and Tesla shares plunge as AI spending rattles markets - BBC
As major tech companies race to capitalize on a new wave of AI technology, investors wonder when financial benefits will appear.
Southwest Airlines put Texas jet fuel on a boat to LA for the first time amid supply worries - CNBC
Southwest hired a ship this spring to send fuel from Houston to Los Angeles in case of supply shortages.
OpenAI's Hugging Face hack triggers 'AI Kill Switch' bill in Congress - CNBC
OpenAI disclosed this week that some of its AI models went rogue and hacked into open-source developer platform Hugging Face.
U.S. health officials investigate new outbreak of parasite cyclospora - PBS
The Food and Drug Administration has not yet identified which products are linked to the illnesses.
As the S&P 500 sells off, traders eye key 'risk pivot' level - CNBC
Options traders are seeking clues on whether more volatility may be ahead.
EU’s Google fine risks triggering Trump as he gears up for more tariffs - politico.eu
The fine against the U.S. tech giant lands just as Washington prepares new duties that could put last year’s fragile trade truce to the test.
New Fed research suggests far fewer Americans own homes than widely believed - CBS News
Only about 53% of Americans own homes, or about 12 percentage points lower than previous data has shown, the study found.
FDA says it identified new cyclospora outbreak linked to unspecified product - CBS News
Federal health officials said they've identified a new outbreak of the cyclospora parasite, but the source hasn't been specified.
SpaceX Is Turning Away Falcon Customers in Major Bet on Starship - Bloomberg.com
SpaceX has started to turn away satellite operators seeking dedicated rides to orbit aboard its staple Falcon 9 rocket beyond 2028, people familiar with the matter said, underscoring the massive bet Elon Musk is making on its unproven Starship.
Mamdani puts rich second-home owners in new York on notice for pied-à-terre tax: 'You've got mail' - Business Insider
NYC Mayor Zohran Mamdani told those who own second homes in the city worth of $5 million to look for notices about the pied-à-terre tax coming soon.
Department of War taps Oracle for software deal worth nearly $7B - Fox Business
The agreement, which could run for up to 10 years, is projected to save taxpayers at least $441 million by consolidating Oracle software purchases across the military.
SpaceX Starship Flight 13 launch updates: SpaceX delays Starship launch to July 24 - Space
Join us Friday, July 24, at 6:15 p.m. EDT (2215 GMT) for live coverage of Starship Flight 13.
'Magnificent 7' stocks erase $797 billion in market value in worst day since April 2025 - Yahoo Finance
The "Magnificent Seven" group of stocks suffered its steepest one-day decline since the tariff-driven market sell-off in April 2025.
Intel's stock jumps as chipmaker rides AI boom to fastest revenue growth in almost 15 years - CNBC
Intel rallied after the company reported blowout earnings and guidance.
9 confirmed cases of cyclosporiasis linked to lettuce served at Cheshire Medical Center - WMUR
Nine people who ate lettuce that was served at the Cheshire Medical Center cafeteria in Keene came down with confirmed cases of cyclosporiasis, state health officials said Thursday.