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The Latest Breaking News on Business

I Asked ChatGPT What Would Happen If Elon Musk Paid Taxes at the Same Rate as the Middle Class

We asked ChatGPT to calculate what would happen if Elon Musk paid taxes at the same effective rate as middle-class Americans. The AI's response was revealing.

GOBankingRates

Ross Gerber Calls Tesla's Q2 Report 'Garbage.' He Says It's 'Sad And Depressing' To See The Company Is In Decline

Tesla Inc.’s (NASDAQ:TSLA) second-quarter report didn’t sit well with longtime Tesla shareholder Ross Gerber, who pulled no punches in an interview following the release.

Benzinga

Trump's Ex-Commerce Secretary Warns China Won't Bow To US Like EU, Japan: 'If There's A Real Trade War…'

Wilbur Ross, the former Commerce Secretary under President Donald Trump, has cautioned that the U.S.-China trade war is far from over, despite recent trade agreements with the EU and Japan.

Benzinga

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Nissan racks up red ink, but the Japanese automaker promises a return to profit later this year

Japanese automaker Nissan has reported a 115.8 billion yen, or $782 million, loss in April-June, but is promising to return to profitability later this year

The Independent UK

China promises to help companies slammed by tariffs, as talks with the US left in limbo

China's top leaders have pledged to help companies slammed by higher U.S. tariffs but held back on major moves after trade talks with the U.S. this week left businesses in limbo

The Independent UK

The trillion-dollar AI arms race is here

Google, Amazon and Meta are pouring billions into AI infrastructure, but at what cost to the planet, creatives, and the grid?

The Guardian - US

FCC chairman Brendan Carr’s meddling in broadcast journalism contradicts his own avowed views

As a minority FCC member during the Bush administration, Carr condemned government interference with newsroom decisions.

Reason

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East Texans condemn Dallas millionaire’s plan to pump 16 billion gallons of their groundwater to other parts of the state — every year

Texas law largely allows landowners to do what they want with the groundwater beneath them, potentially protecting the latest plan to ship water out of East Texas.

The Texas Tribune

'The rise of the CEO gig economy': Turnover in the corner office is the highest in decades, report finds

"Identifying the right leader for long-term success has become increasingly difficult,” says Andy Challenger, labor and workplace expert at Challenger, Gray & Christmas.

Fortune

Trump Warns India Of 25% Tariffs As Trade Talks Stall Ahead Of August 1 Deadline

President Donald Trump warned India could face tariffs of 20% to 25% on exports to the United States as bilateral trade negotiations approach the August 1 deadline without a finalized agreement.

Benzinga

Mercedes-Benz Welcomes EU-US Deal After Profits Plunge On Tariff Woes

A new trade deal struck between the United States and European Union is good news despite fears it is unbalanced, Mercedes-Benz said Wednesday after the German carmaker reported a tariff hit of hundreds of millions of euros in the second quarter.

International Business Times

Uber Technologies Stock: Is Wall Street Bullish or Bearish?

Uber Technologies has outpaced the broader market over the past year, and analysts remain strongly bullish on the stock’s prospects.

Barchart

What Are Wall Street Analysts' Target Price for AT&T Stock?

AT&T has delivered stronger performance than the broader market over the past year, and Wall Street analysts are maintaining a generally optimistic outlook on its future potential.

Barchart

Exxon Mobil Stock: Is Wall Street Bullish or Bearish?

Exxon Mobil has trailed the broader market over the past year, but analysts maintain a cautiously optimistic view on its future potential.

Barchart

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Barchart

Are Wall Street Analysts Bullish on CVS Health Stock?

CVS Health has outperformed the broader market this year, and Wall Street analysts remain highly bullish on its long-term growth prospects.

Benzinga

Trump Trade Deals To Aid $600 Billion Boeing Backlog As Q2 Reveals Tariffs Becoming Less Of A Headwind

The Boeing Co.‘s (NYSE:BA) second-quarter earnings call highlighted a significant positive shift in the global trade environment, with recent agreements under the Donald Trump administration poised to alleviate tariff pressures and bolster the aerospace giant’s massive backlog of over $600 billion.

InsideEVs

Tesla Inks $4.3 Billion Deal For American-Made LFP Batteries: Report

LG Energy Solution will supply Tesla with American-made lithium iron phosphate batteries to reduce reliance on Chinese suppliers.

Benzinga

Stellantis CEO Supports Trump Tariffs Even After The Ram, Jeep Maker Warned Of $1.7 Billion Hit In 2025

RAM, Jeep parent company Stellantis NV‘s (NYSE:STLA) CEO Antonio Filosa says the automaker supports President Donald Trump's tariff strategy at the company's Q2 earnings call.

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Euronews

US and China prepare to extend tariff pause after Stockholm talks

US Treasury Secretary Scott Bessent says President Trump must approve the pause before it can go ahead.

Tom’s Guide

Microsoft Authenticator is going to delete your passwords on Friday — what to do right now

Microsoft Authenticator is shutting down on Friday, August 1. Here's what to do next.

International Business Times

Five Products To Be Hit By Trump's Incoming Tariffs

The United States is set to raise tariffs on dozens of trading partners Friday if they fail to reach accords with President Donald Trump to avert the higher rates, and this risks raising prices for consumers.

International Business Times

US Second Quarter GDP Growth To Reflect Tariff Turbulence

US economic growth is expected to rebound in the second quarter, analysts said, in a momentary comeback reflecting trade shifts as companies tried to avoid the harshest of President Donald Trump's wide-ranging tariffs.

Benzinga

The Button Women Riders Have Been Waiting For—Uber's Women-Matching Feature Arrives In The U.S.

Uber Technologies (NYSE:UBER) is piloting a long-requested safety feature that allows women riders to request female drivers — and vice versa — for the first time in the U.S., the company announced on Wednesday.

TechRadar

Warner Bros. Discovery is changing its name (again) – here’s what that means for HBO Max and Discovery+

Warner Bros. Discovery has revealed the two new corporate entities for when the media company splits in mid-2026, but it has me worried about Discovery+.

Barchart

Soybeans Fall Despite Bean Oil Strength

Soybeans were under pressure for much of Tuesday, with contracts down 2 to 7 cents at the close. The cmdtyView national average new crop Cash Bean price was down 2 1/4 cents at $9.56 1/2. Soymeal futures continued their weakness, with contracts down $2.30 to $3.20. Soy Oil saw gains...

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