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The Latest Breaking News on Business

Bitcoin, Ethereum, XRP, Dogecoin Slide as 'Fear' Sentiment Prevails: Analyst Says BTC's 'Clear Breakthrough' Above This Level a Trigger for 'Strong Run

Leading cryptocurrencies fell alongside stocks on Thursday as the chip selloff and Iran tensions impacted risk appetite.

Benzinga

Netflix earnings forecast disappoints Wall Street, shares tumble

Netflix projected third-quarter revenue and earnings below Wall Street expectations. The company will now release viewing-hours reports annually instead of semi-annually. Netflix is focusing on advertising, live events, and video games for future growth. Its stock experienced a significant decline after the financial forecast was announced. Engagement metrics remain healthy,…

The Economic Times

Gold set for biggest weekly fall in six as Iran war fans inflation worries

Gold prices saw a rebound on Friday, yet are set for a significant weekly loss. Renewed clashes between the United States and Iran have lifted oil prices considerably. This escalation has stoked inflation concerns and strengthened expectations for higher interest rates. Fed officials are signaling openness to rate hikes amid…

The Economic Times

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US tariffs on Brazil are a bitter pill for sugar and ethanol makers

Brazil's ethanol and sugar producers expressed despair over new United States tariffs. These tariffs were imposed on thousands of Brazilian products by the U.S. government. Brazilian officials rejected the U.S. claims of unfair trade practices and market access. The U.S. seeks better access to Brazil's ethanol market without concessions for…

The Economic Times

Dollar set for weekly drop as traders cut wagers on rate hikes

The dollar held steady on Friday, facing a weekly decline after softer U.S. inflation data. Traders reduced bets on imminent Federal Reserve rate hikes following the inflation report. Escalating Middle East attacks spurred safe haven bids for the dollar and boosted oil prices. The euro and sterling were set for…

The Economic Times

Dollar Boosted by US Economic Strength and Hawkish Fed Comments

The dollar index (DXY00 ) rose by +0.27% on Thursday. The dollar rallied on Thursday as better-than-expected US economic reports signaled economic strength and lifted T-note yields. Weekly jobless claims unexpectedly fell to a 10-week low, Jun retail sales rose as expected, and the Jul Philadelphia Fed business outlook survey...

Barchart

Elon Musk spent estimated $1 billion on an energy company to power xAI, filings reveal — APR Energy owns a fleet of trailer-mounted gas and diesel turbines capable of generating more than 1 gigawatt

An FTC document revealed that Elon Musk purchased APR Energy, a mobile natural gas and diesel turbine generator provider, for an estimated $1 billion. The deal wasn't announced publicly and was only discovered after the FTC filing.

Tom’s Hardware

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Netflix Q2 Highlights: Stock Dives on Guidance, What Investors Should Know

Streaming giant Netflix Inc (NASDAQ:NFLX) reported second-quarter financial results Thursday after market close.

Benzinga

GME Stock Alert: What to Know as GameStop Teams Up With Uber Eats

GameStop announced a partnership with Uber for on-demand gaming merchandise delivery. But does that warrant buying GME shares? Let’s find out!

Barchart

A Fed Voting Member Said Interest Rates Should Be Higher. Stocks Fell

Stocks fell on Thursday as chipmakers dropped despite solid earning reports.

International Business Times

What to Expect From TransDigm Group's Q3 2026 Earnings Report

TransDigm Group is prepared to post its third-quarter results soon, with analysts predicting a single-digit earnings growth.

Barchart

Kalshi pulls plug on flight cancellation contracts after social media blowback

The prediction markets company has planned to offer the wagers as a way to hedge travel risks, but critics warned the contracts could be misused.

Fortune

General Mills recalls 736,000 Pillsbury rolls over glass contamination fears

FDA notice warns of ‘potential foreign material’ as recall covers two types of frozen bread roll dough

The Guardian - US

Kalshi to offer betting on drug trial results and FDA regulatory decisions

Move comes as prediction platforms rapidly gain popularity and offer opportunities to bet on virtually anything

The Guardian - US

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The Economic Times

Brazil calls Trump's 25% tariff unjustifiable, vows to impose reciprocal tariffs

The United States on Wednesday said it would impose a new 25% tariff on certain imports from Brazil, citing unfair trade practices by the world's 10th-biggest economy.

The Independent UK

US workers say they need $1.2 million to retire comfortably today. Half believe they’ll fall short

‘Rising costs are forcing tough tradeoffs, and saving for retirement is often the first thing that gets deprioritized’

The Independent UK

US sees 30-year fixed-rate mortgages climb to highest level in nearly a year

Rates have been on an upward trend this year, largely due to the war with Iran, which has sharply driven up crude oil prices and fueled expectations of hotter inflation

Barchart

Assurant’s Quarterly Earnings Preview: What You Need to Know

Assurant is all set to report its second-quarter earnings results next month, and analysts project its EPS to slip.

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Barchart

What to Expect From DuPont’s Q2 2026 Earnings Report

Ahead of its second-quarter earnings release next month, analysts project DuPont's EPS to fall by double digits.

Barchart

What to Expect From Public Service Enterprise’s Next Quarterly Earnings Report

Public Service Enterprise is nearing earnings, with Wall Street expecting another solid quarter despite the stock's recent sluggish performance.

The Economic Times

Abbott Labs shares jump 12% as Q2 sales rise, profit outlook raised

Abbott Laboratories shares surged 12% after the healthcare company reported strong second-quarter sales, raised its full-year earnings outlook and reaffirmed revenue growth guidance. Progress across its medical devices and diagnostics pipeline further boosted investor confidence in future growth.

International Business Times

Inflation Decelerated In June. But Grocery Shopping In The U.S. Decreased Anyway

The buying of grocery units fell 1.8% in June compared to the previous year, according to a new analysis.

The Independent UK

Retail sales rose less than expected last month as consumers cut back on ‘frivolous’ spending

This spending moderation occurred despite a notable cooling of US inflation last month

Benzinga

Netflix Earnings Prediction Market Preview: What Will Ted Sarandos Say?

Netflix Inc. (NASDAQ:NFLX) reports second-quarter earnings after the bell today with shares down almost 20% this year.

MarketBeat

Which Storage Stock Is Best Positioned to Win the AI Memory War?

Seagate, Western Digital, and Sandisk have posted strong revenue and margin growth amid memory industry volatility, with analysts holding mostly Buy ratings and further upside on all three stocks.

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