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The Latest Breaking News on Business

Crude Oil Prices Climb on Positive Trade News

August WTI crude oil (CLQ25 ) today is up +0.73 (+1.12%), and August RBOB gasoline (RBQ25 ) is down -0.94 (-0.35%). Crude oil and gasoline prices today are mixed. Crude is climbing today on signs of easing trade tensions as the US moves closer to trade deals with China and...

Barchart

What to Expect From State Street's Q2 2025 Earnings Report

State Street is expected to announce its second-quarter results next month, and analysts predict a double-digit growth in the company’s bottom-line figure.

Barchart

Car Dealers Have Been No Friend To EVs. Here's Where They Stand On The Tax Credit

We also discuss the departure of a senior Tesla executive and close aide to Elon Musk, plus Rivian’s latest layoffs.

InsideEVs

From analysis to the latest developments in health,
read the most diverse news in one place.

US Fed's Preferred Inflation Gauge Picks Up As Tariff Effects Loom

The US Federal Reserve's preferred measure of inflation edged up in May while spending weakened, government data showed Friday, with policymakers monitoring the effects of President Donald Trump's tariffs in the coming months.

International Business Times

From Zero‑Waste To Retail Domination: Gwyneth Paltrow‑Backed $35M Startup Founder Ditched Disposable Diapers, Coffee, Body Wash For 2.5 Years

Sarah Paiji Yoo, co-founder and CEO of Blueland, lived a zero‑waste life for about two and a half years before launching her $35 million eco‑cleaning business backed by Gwyneth Paltrow and Justin Timberlake. During this radical period, her family reused cloth diapers, ditched disposable coffee cups, swapped body wash bottles for bar soaps,…

Benzinga

Tariff Rollbacks Won't Bring Instant Price Relief

The U.S.–China trade deal cuts tariffs—but don't expect prices to drop overnight. Supply chains are still disrupted, and costs passed down to consumers will linger. It's a start, but real relief takes time.

International Business Times

Delta Air Lines' Q2 2025 Earnings: What to Expect

Delta Air Lines will release its second-quarter earnings next month, and analysts anticipate a double-digit profit dip.

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Kinder Morgan Earnings Preview: What to Expect

Kinder Morgan is expected to release its fiscal second-quarter earnings next month, and analysts project a single-digit earnings growth.

Barchart

New US-China trade deal to accelerate rare-earth shipments

As part of its retaliation against new US tariffs, China suspended exports of a wide range of critical minerals and magnets

The Independent UK

Nike expects US tariffs to cost it $1bn and warns of falling sales

The ailing US sportswear company reported falling revenues and income. Its fiscal guidance for the current quarter nonetheless gave investors a glimmer of hope, pushing the share price up around 10% in after-hours trading in the US.

Euronews

Trump's Controlling Stake in U.S. Steel Is Indefensible Socialist Nonsense

Any decisions made by U.S. Steel's executives and shareholders will require approval from Trump, his appointees, or his successors.

Reason

Anna Wintour steps away as editor-in-chief of American Vogue

For one of the most prominent names in global fashion, this is not the end of her role but rather an elevation

The Guardian - US

Harvard Turns to the Private Sector To Finance Research After Losing Federal Funding

This pivot to privately funded research could reduce the burden on taxpayers and lead to more scientific breakthroughs.

Reason

Agentic AI spending could reach $155 billion by 2030, say BofA analysts

There's a growing belief that agentic AI could fundamentally transform workforce productivity.

Fortune

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International Business Times

China Confirms Trade Deal Framework Reached With United States

China confirmed on Friday details on the framework of a trade deal with the United States, saying Washington would lift "restrictive measures" while Beijing would "review and approve" items under export controls.

Benzinga

Nike Faces $1 Billion Trump Tariff Blow, Plans 'Surgical' Price Hikes Starting Fall 2025 To Offset Impact

President Donald Trump‘s tariffs on Chinese imports have increased Nike Inc.‘s (NYSE:NKE) costs by $1 billion. As part of their mitigation strategy, the athletic giant plans to start implementing price hikes in the fall of 2025.

Benzinga

Howard Lutnick Confirms US-China Trade Agreement, Reaffirms White House's Progress To Close Deals With 10 Other Trading Partners

The U.S. and China have finalized a trade understanding, building on an agreement reached last month in Geneva. Commerce Secretary Howard Lutnick confirmed the deal, which was signed two days ago, noting that the White House has immediate plans to secure agreements with ten other major trading partners.

International Business Times UK

Hyatt Hotels Cuts Hundreds of US Jobs in Favour of Workers in El Salvador Earning $400 a Month and AI

Hundreds of US workers have lost their jobs in a major round of lay-offs by Hyatt Hotels in an attempt to cut costs.

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Dollar Falls to 3-1/4 Year Low as President Trump Looks to Fast-Track His Pick for New Fed Chair

The dollar index (DXY00 ) on Thursday fell by -0.54%, reaching a 3-1/4 year low. The dollar retreated following a Wall Street Journal report that said President Trump is considering accelerating the announcement of the next Fed Chair. The dollar remained lower on Thursday’s US economic news of a downward...

The Independent UK

Your credit score might soon be impacted by Buy Now, Pay Later loans

FICO believes the new model will responsibly expand access to credit, particularly for younger consumers or those with limited credit histories

The Independent UK

Trump tariffs: US economy saw stark drop in GDP growth as businesses rushed to secure imports

Revised data shows economy shrank more than previously thought as president’s global trade war loomed and consumer spending softened

The Independent UK

Buy Now, Pay Later loans will soon affect some credit scores

Hundreds of millions of ‘Buy Now, Pay Later’ loans will soon affect credit scores for millions of Americans

Investors Business Daily

Micron Technology Rides AI Data Center Gravy Train

Micron stock slid Thursday despite the memory-chip giant delivering a beat-and-raise fiscal third-quarter earnings report.

Barchart

How Is Federal Realty Investment Trust’s Stock Performance Compared to Other Real Estate Stocks?

While Federal Realty Investment Trust has underperformed its industry peers over the past year, Wall Street analysts maintain a moderately optimistic outlook on the stock’s prospects.

InsideEVs

June's Almost Over—So Where Is Tesla’s 'Critical' $30,000 EV?

Tesla desperately needs affordable EVs to bankroll its AI and robotics ambitions. Unless there’s a surprise in the next four days, a delay seems more likely.

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